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Truist Financial and Wells Fargo have lowered their price targets for Regions Financial to $21.00 and $26.00, respectively, with a consensus rating of "Moderate Buy" among analysts. Insider Joia M. Johnson increased her stake by 15.15%, acquiring 2,300 shares at $21.18 each. The company recently reported a quarterly EPS of $0.54, exceeding estimates, and announced a $0.25 dividend, yielding 4.70%.
Wells Fargo & Company has lowered its price target for Charles Schwab from $93 to $87, maintaining an "overweight" rating. The stock has a consensus rating of "Moderate Buy" with a target of $87.22, while recent earnings showed an EPS of $1.04, exceeding estimates. The company also announced a quarterly dividend of $0.27, with a yield of 1.28%.
Wells Fargo & Company reported a quarterly EPS of $1.39, surpassing estimates of $1.23, while revenue fell to $20.15 billion, below the expected $20.82 billion. The company declared a quarterly dividend of $0.40 per share and initiated a $40 billion stock repurchase plan, indicating confidence in its undervalued shares. Analysts project an EPS of 5.89 for the current fiscal year, with a "Moderate Buy" rating and a consensus price target of $75.34.
Academy Sports and Outdoors (NASDAQ: ASO) has a dividend payout ratio of 9.01% and recently declared a quarterly dividend of $0.13 per share, up from $0.11. Analysts have set varied price targets, with a consensus rating of "Moderate Buy" and an average target price of $57.44. The company reported earnings of $1.96 per share, exceeding estimates, despite a 6.6% year-over-year revenue decline.
Wells Fargo & Company MN reduced its stake in Luminar Technologies by 94.6%, holding 34,974 shares worth $188,000 after selling 618,283 shares. Meanwhile, Barclays PLC increased its position by 469.2%, owning 842,288 shares valued at $757,000. Luminar's stock opened at $3.98, with a 1-year low of $3.30 and a high of $32.70, while Goldman Sachs lowered its price target from $3.50 to $2.00, maintaining a "sell" rating.
Wells Fargo is showing signs of recovery but is not yet considered a strong buy. Investors are advised to remain cautious as the stock market continues to present challenges.
Wells Fargo and Standard Chartered are expressing concerns over the US dollar's future, predicting a decline due to a slowing economy and deteriorating fiscal conditions. Wells Fargo anticipates a depreciation in the dollar as the Federal Reserve may cut rates, while Standard Chartered highlights waning confidence in the dollar as a safe-haven asset amid rising budget deficits. The US has recorded a $1.31 trillion deficit this fiscal year, a significant increase from the previous year, contributing to a 7% drop in the US dollar index since February.
JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are collectively setting aside $34.87 billion for credit losses in 2025 due to rising economic uncertainty. JPMorgan leads with $12.87 billion, followed by Citigroup at $10.69 billion, Bank of America at $6.37 billion, and Wells Fargo at $4.93 billion. Despite the provisions, analysts express concerns over the banks' revenue forecasts and the potential challenges ahead.
Keurig Dr Pepper (NASDAQ: KDP) has a consensus rating of "Moderate Buy" and a target price of $39.33. The company reported a quarterly EPS of $0.42, exceeding estimates, with revenue of $3.64 billion, up 4.8% year-over-year. It recently declared a quarterly dividend of $0.23 per share, yielding 2.70%.
BNP Paribas Financial Markets reduced its stake in Ferguson plc by 32.2%, selling 102,850 shares, leaving it with 216,532 shares valued at approximately $37.6 million. Meanwhile, Parnassus Investments LLC significantly increased its holdings by 944.4%, now owning over 3.5 million shares valued at $613.9 million. Analysts have set new price targets for Ferguson, with a consensus rating of "Moderate Buy" and an average target of $199.38, despite the stock recently trading at $168.08.
Wells Fargo & Company
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