Wells Fargo Acknowledges CFPB/OCC Probe, Reports 'Preliminary' Q1

Wells Fargo Advisors continues to bleed reps

Wells Fargo & Co (NYSE:WFC) stock was down on Friday on news that it may have to revise its earnings report for the first quarter of 2018. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider's stock worth $1,653,464,000 after acquiring an additional 6,291,906 shares during the period.

Follow Wells Fargo's stock price in real time here.

A number of hedge funds and other institutional investors have recently made changes to their positions in WFC.

Wells Fargo & Co's preliminary results for the first quarter of 2018 includes earnings per share of $1.12.

Monetary Management Group Inc decreased its stake in At&T (T) by 30.65% based on its latest 2017Q4 regulatory filing with the SEC. The disclosure comes as Wells reports a 6 percent increase in first-quarter profit. Brandywine Global Investment Management Llc has cut its stake in United Therapeutics Corp Del (NASDAQ:UTHR) and also reduced its holding in Quanta Svcs Inc (NYSE:PWR) by 175,521 shares in the quarter, for a total of 236,597 shares. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider's stock worth $2,511,614,000 after acquiring an additional 7,445,414 shares during the period.

"I'm confident that our outstanding team will continue to transform Wells Fargo into a better, stronger company", Sloan said.

Brewery serving tarantula-topped burgers
You can stay up-to-date on the tarantula challenge by following Bull City Burger on Instagram , Facebook and Twitter. Bull City points out numerous Exotic Meat Month menu items are eaten by people of other cultures on a daily basis.

76ers All-Star center confirmed out for Game 1 against Heat
The 76ers are arguably the hottest team in the league at the moment having ended the regular season with sixteen consecutive wins. There had to be multiple stretches this season when every Sixers fan wondered if they would ever see Markelle Fultz play.

Kathua rape case: PDP wants two BJP ministers out, may break alliance
The minor girl, who belonged to the nomadic Bakerwal Muslim community, had disappeared from her her house in Kathua on January 10. A week later, her body was found in the same area, and medical examination pointed towards sexual assault.

Basswood Capital Management Llc, which manages about $2.47 billion and $2.16B US Long portfolio, upped its stake in Bofi Hldg Inc (NASDAQ:BOFI) by 228,912 shares to 1.63M shares, valued at $48.73 million in 2017Q4, according to the filing. Schafer Cullen Capital Management Inc. grew its stake in shares of Wells Fargo by 2.4% in the 2nd quarter. Citigroup says its first-quarter profit rose 13 percent from a year earlier, as the bank benefited from the new tax law and higher interest rates. In other words, EPS reveals how profitable a company is on a share owner basis. Taurus Asset Limited Liability holds 2.16% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 242,063 shares. Zacks Investment Research upgraded Wells Fargo from a "sell" rating to a "hold" rating in a research report on Tuesday, December 19th.

Among 22 analysts covering Wells Fargo (NYSE:WFC), 12 have Buy rating, 3 Sell and 7 Hold. Seven research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The price target set for the stock is $63.2, and this sets up an impressive set of potential movement for the stock. Amid the previous 3-months, the stock performs -16.59 percent, conveying six-month performance to -5.82 percent. The stock has a market capitalization of $253,301.77, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. Wells Fargo & Company's dividend payout ratio (DPR) is now 38.10%. Wells Fargo has a 52 week low of $49.27 and a 52 week high of $66.31.

TRADEMARK VIOLATION NOTICE: "Wells Fargo (WFC) Releases Earnings Results" was originally posted by Macon Daily and is owned by of Macon Daily.

The topline results for the first quarter decreased 1% to $ 21.93 billion from $ 22.26 billion in the same quarter a year ago. Wells Fargo & Company had a net margin of 23.30% and a return on equity of 12.60%. They expect $0.87 earnings per share, up 17.57% or $0.13 from last year's $0.74 per share.

Stock traders can use such figures to analyze that the company shows whether the stock is at this time or not in buying and selling side.

In related news, Director Ronald Sargent acquired 9,000 shares of the stock in a transaction on Monday, February 12th.

Related News:

  • Hornets fire head coach Steve Clifford

    Hornets fire head coach Steve Clifford

    Clifford also oversaw a run to the 2016 playoffs, where the Hornets pushed Miami to seven games but still lost in the opening round.
    Ssssh, It's Friday The 13th

    Ssssh, It's Friday The 13th

    There will also be two Friday the 13ths every year until 2020, but 2021 and 2022 has just one each, in August and May. Some may suffer from triskaidekaphobia : an abnormal fear of the number thirteen.
    New Soulcalibur 6 Character Announced

    New Soulcalibur 6 Character Announced

    The last mainline iteration of the series was Soulcalibur 5 on the Xbox 360 and PlayStation 3. Soulcalibur VI will be released sometime this year, most likely closer to the end of the year.
  • Harris Associates LP Decreased Citigroup INC (C) Stake

    Harris Associates LP Decreased Citigroup INC (C) Stake

    Citigroup reported a higher-than-expected quarterly profit on Friday, driven by lower taxes and higher consumer banking revenue . The topline results for the first quarter rose 3% to $ 18.87 billion from $ 18.37 billion in the same quarter past year .
    Will Ferrell hospitalised after auto  flipped in California

    Will Ferrell hospitalised after auto flipped in California

    Comedian Will Ferrell was involved in a rollover crash after leaving an event in San Diego Thursday night, according to TMZ . In video footage from TMZ , an upright SUV appeared badly damaged, with the windshield and two windows completely shattered.
    Stocks bounce as China blinks on trade

    Stocks bounce as China blinks on trade

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018. The Dow Jones industrial average fell 572 points Friday, and lost 0.7% of its value last week.
  • Colin Kaepernick train postponed, crew questions anthem intentions

    Colin Kaepernick train postponed, crew questions anthem intentions

    Morris also spent time with the Philadelphia Eagles, Indianapolis Colts, and the Washington Redskins in 2018 before they waived him.
    IPL 2018: Astrologer predicts victor  of RCB vs KXIP clash, check

    IPL 2018: Astrologer predicts victor of RCB vs KXIP clash, check

    Yuvraj Singh who looked rusty in the last game scoring 12 off 22 balls must pick up his act and prove that he's isn't done yet. The Royal Challengers Bangalore vs Kings XI Punjab match will be played at the M Chinnaswamy Stadium, Bengaluru .
    Woman arrested in death of deaf sister in California

    Woman arrested in death of deaf sister in California

    We were told they were investigating a double suicide, an attempt, and one of the people died. Police are trying to extradite Blackstone to Los Angeles from Baltimore.
  • Dr. Herbert Diess appointed as new Volkswagen CEO

    Dr. Herbert Diess appointed as new Volkswagen CEO

    As of February, VW had spent more than $7.4 billion in buying back about 350,000 vehicles. This post will replace the Hg Diss, who was Chairman of the Volkswagen brand.
    Could Patriots be interested in WR Dez Bryant?

    Could Patriots be interested in WR Dez Bryant?

    The Cowboys seem nearly certain now to spend their first-rounder (currently No. 19 overall) in an effort to replace Bryant. The meeting between Bryant and Cowboys owner Jerry Jones was meant to straighten out the receiver's contract situation.
    I-69 corridor added to Winter Storm Watch

    I-69 corridor added to Winter Storm Watch

    Persistent northeast winds of 20 - 35MPH with higher gusts are expected Friday afternoon into Sunday afternoon. It looks like 2-4 inches of snow and sleet with freezing rain and ice also a major concern.


Most liked

Britney Spears and Jim Parsons Among Top Honorees at Glaad Awards
Spears, receiving the Vanguard Award , presented by Ricky Martin , who was the most highly anticipated event of the night. Britney Spears turned heads in a racy ensemble at the GLAAD Media Awards in Beverly Hills, Calif. yesterday.

JLR to cut Solihull jobs
The UK government has said it will ban sales of new diesel and petrol cars by 2040 to improve air quality and public health. Last year, global sales hit a record, but the company acknowledged that the United Kingdom market was "tough".

Ras Mubarak 'propagandist for Palestinian terrorists' - Israeli Ambassador
More than 30 Palestinians have been killed by Israeli gunfire since the start of "Flag Friday" demonstrations two weeks ago. On Friday Mr Lieberman said there were fewer riots on our border because "the other side" had understood Israel's resolve.

'Dancing With The Stars' Season 26 Cast Revealed
Non-skaters among the group include basketball legend Kareem Abdul-Jabbar , NFL star Josh Norman and baseball's Johnny Damon . Sharna Burgess will also return to Dancing with the Stars to partner with National Football League star Josh Norman.

FBI Sought Trump 'Access Hollywood' Tape Records in Michael Cohen Raid
Certainly Trump is concerned about the former, but it's the overseas affairs that present the greatest danger to his presidency. Cohen's reaction to the raid lends some credibility to the idea that he won't be as defiant as one might have expected.

BBC's Mike Bushell falls into swimming pool during interview with athletes
The father-of-three was in Australia's Gold Coast speaking to British swimmers competing in the Commonwealth Games. The Guardian reported that the journalist said that he was careful because of the sound system he was wearing.

The "punk turtle" has been put on the endangered species list
He said: "Reptiles often receive the short end of the stick in conservation terms, compared with the likes of birds and mammals". Almost 20 years later, John Cann, a Sydney-based turtle enthusiast, rediscovered the turtle in the Mary River in Queensland.

Macron: Assad regime used chemical weapons on Syria's Douma
Trump's latest comment came in a tweet after warning Russian Federation to "get ready" for a missile attack on its ally Syria. But U.S. intelligence agencies have not completed their assessment or reached a final conclusion, the officials said.

Economic Watch: China records sound Q1 trade, surplus narrows
Soybean Export Council helped build demand for soybeans to the level of Chinese imports today", Heisdorffer said. Chinese imports increased by 14.4 per cent, leaving China with a US$4.98 billion trade deficit for the month.

Eight-Year-Old Rape Spreads Outrage Across The Country
Her strangled body was later found in the forest near the temple with one of the three suspected rapists said to be a policeman. Along with Asifa, the protesters were also demanding justice for the rape victim in Unnao , Uttar Pradesh.

Vontaze Burfict Officially Suspended Four Games
He appealed and it was denied and on Thursday, he was officially suspended by the league for the first four games of the year. This will be the third consecutive season in which Burfict is ineligible for a season opener because of a suspension.

Arsene Wenger sets date for Henrikh Mkhitaryan to return from injury
Late goals from Danny Welbeck and Aaron Ramsey helped Arsenal clinch a 2-2 draw and a comfortable aggregate win. All's well that ends well as they say, but far from convincing.

Ripple Invests $25 Million in XRP for Blockchain Development Fund
Additionally, he also believes that Ripple is capable of improving legacy of banking systems and help streamline global money transfers.

Royal Wedding: Meghan Markle's sister furious about not getting an invite
Based on interviews with Meghan's family, friends, teachers and colleagues, Morton's book claims to reveal the true story of her rise to royalty.

Track and Field Gears Up For Benedictine Relays
Hayden Stewart added an RBI single making the score 8-4 going into the bottom of the sixth inning. Otten was third in the 3,200-meter run in 14:24.20 while Allgaier was fourth in 14:33.30.