Company Update (NYSE:WFC): Wells Fargo Launches Third Propel American Express® Card

[Business Wire] – Wells Fargo & Company launched its new Wells Fargo Propel American Express® Card, the third offering in the company’s suite of American Express Cards including the Propel 365 Card and Propel World Card. Read more on this. Wells Fargo & Company (WFC) , valued at $258.93B, started trading this morning at $50.88. During the trading session, WFC traded between $50.50 to $51.21 with a trailing 52-week range being $47.75 to $58.77. Priced at 12.07x this year’s forecasted earnings, WFC shares are relatively inexpensive compared to the industry’s 15.18x forward p/e ratio. The company pays shareholders $1.50 per share annually in dividends, yielding 3.03%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $1.03 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $4.15 which would be a $0.05 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.83 Billion. If reported, that would be a 1.82% increase over the year-ago quarter. In terms of ratings, Goldman upgraded WFC from Neutral to Buy (Jan 11, 2016). Previously, Citigroup upgraded WFC from Neutral to Buy. The average price target for WFC shares is $58.74, which is 15.45% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership Company Update: Wells Fargo & Co (NYSE:WFC) – American Red Cross: ‘Thank You’ to Wells Fargo Customers Who Donated $300,000 for California Wildfire Relief Through Bank’s ATM Network Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Brings $341 Million in ‘Oscar® Bonds’ to Market for New Academy Museum of Motion Pictures
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.