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A Wells Fargo customer, Steve, is seeking reimbursement after $310,000 was fraudulently withdrawn from his account. The funds were redirected to an account at JPMorgan Chase after a check sent to the IRS was altered. Wells Fargo denied his claim, citing a delay in reporting the fraud, leaving Steve frustrated with the lack of consumer protection from banks.
Wells Fargo & Company reported a net margin of 15.73% and a return on equity of 12.38%, with quarterly revenue of $20.15 billion, falling short of analyst estimates. The company declared a quarterly dividend of $0.40 per share and authorized a $40 billion share buyback plan, indicating confidence in its stock value. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $75.34.
Wells Fargo & Company reported a 3.4% year-over-year decline in quarterly revenue, earning $1.39 per share, surpassing estimates. The Board of Directors has authorized a $40 billion share repurchase program, indicating confidence in the stock's value, while a quarterly dividend of $0.40 per share will be paid on June 1st. Analysts maintain a "Moderate Buy" rating, with an average target price of $75.34.
Wells Fargo & Company has seen varied analyst ratings, with price targets ranging from $75.34 to $88.00. Institutional investors hold 75.90% of the stock, and the company recently reported a quarterly EPS of $1.39, exceeding estimates, while also announcing a $40 billion stock buyback plan. The firm declared a quarterly dividend of $0.40 per share, reflecting a 2.25% yield.
JPMorgan Chase & Co. reduced its price target for Wells Fargo & Company from $82.00 to $73.50, maintaining a "neutral" rating, while Piper Sandler lowered theirs to $75.00 with an "overweight" rating. Royal Bank of Canada upgraded its rating to "outperform" with a target of $80.00. Currently, Wells Fargo holds a consensus rating of "Moderate Buy" with a target price of $75.34, as institutional investors own 75.90% of the stock. The company recently reported a quarterly EPS of $1.39, exceeding estimates, and announced a $40 billion share buyback program.
Wells Fargo & Company reported a quarterly EPS of $1.39, exceeding estimates of $1.23, while revenue fell to $20.15 billion, below the expected $20.82 billion. The company announced a $40 billion share repurchase program and declared a quarterly dividend of $0.40 per share, reflecting a 2.25% yield. Analysts maintain a "Moderate Buy" rating with an average target price of $75.34.
Morgan Stanley lowered its price target for Synovus Financial from $67 to $59, maintaining an "equal weight" rating, while Citigroup raised its target from $59 to $62 with a "buy" rating. Other firms like Wells Fargo and Barclays also adjusted their targets, reflecting mixed analyst sentiments, with a consensus rating of "Moderate Buy" and an average price target of $56.17. Synovus recently reported a quarterly EPS of $1.30, exceeding estimates, and announced a dividend increase to $0.39 per share.
Weis Markets, Inc. (NYSE:WMK) has seen significant changes in institutional holdings, with Wells Fargo reducing its stake by 59.3% while Barclays increased its holdings by 354.5%. The company reported a quarterly EPS of $1.29 and a revenue of $1.23 billion, alongside a dividend yield of 1.58%. Currently rated as a Hold by analysts, Weis Markets is not among the top stock recommendations.
Fox Corporation reported $0.96 earnings per share (EPS) for the quarter, surpassing estimates of $0.61, with a net margin of 14.39% and a return on equity of 18.50%. The company announced a quarterly dividend of $0.27 per share, yielding 2.34%, and has a dividend payout ratio of 11.56%. Institutional investors hold 26.41% of the stock, while corporate insiders own 23.06%.
Wells Fargo downgraded Block (BIT:1SQ) from Overweight to Equal-Weight on May 2, 2025. The average one-year price target for Block is €76.13/share, indicating a potential upside of 47.19% from its recent closing price of €51.72/share. Institutional ownership has increased, with 1,813 funds reporting positions, and total shares owned by institutions rising by 4.72% to 458,268K shares.
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