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The Latest Breaking News from Wells Fargo

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

Benzinga

Read How Analysts Reacted To Kimberly-Clark's Q1 Results

Wells Fargo analyst Chris Carey raised the price target on Kimberly Clark Corp (NYSE:KMB) to $135 from $128 and kept an Equal Weight rating on the shares. The revised price target implies a 5% downside. Chris believes Kimberly-Clark's Q1 results helped overcome the belief that costs would drive earnings cuts. Deutsche Bank analyst Steve Powers raised…

Benzinga

Wells Fargo Maintains Overweight Rating for Charles River: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Charles River (NYSE:CRL) and lower its price target from $390.00 to $325.00. Shares of Charles River are trading down 7.96% over the last 24 hours, at $251.29 per share.

Benzinga

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Wells Fargo Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 11 strange trades.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 25, 2022

Benzinga

Analysts Think Intuitive Surgical Painted 'Cautious Picture' For Procedure Guidance

Wells Fargo writes that despite the beat in Q1, Intuitive Surgical Inc (NASDAQ:ISRG) sounded cautious on U.S. capital placements, given rising interest rates and inflationary pressure at hospitals. "We think this commentary was partly driven by the need to recalibrate Street models for fewer trade-ins as the number of legacy Si systems declines. Overall,…

Benzinga

Here's Why Wells Fargo Sees AMD Trading At Premium To SOX

Wells Fargo acknowledged Advanced Micro Devices Inc (NASDAQ: AMD) shares' underperformance and believes that its ongoing data center momentum should offset tempering PC expectations, creating a favorable risk/reward set-up in its upcoming earnings.

Benzinga

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Wells Fargo Shared Its View On Block, Lam Research, Okta

Wells Fargo saw Block Inc (NYSE: SQ) as a unique disruptor within Fintech and looked to sustain share gains by its Square and Cash App businesses over the next two years.

Benzinga

Rosenblatt Did Not See Any Surprise From Seagate, Western Digital - Read Why

Rosenblatt did not expect any surprises from Seagate Technology Holdings PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC) pre-announcing their March quarter results. The June quarter outlook is a different story. Continued COVID-related shutdowns in China may further delay security system deployments that use HDD storage. June quarter HDD revenue could have some upside if the…

Benzinga

What Does Raymond James, Wells Fargo Have To Say On Abbott's Q1 Earnings

Raymond James thinks Abbott Laboratories' (NYSE: ABT) 1Q results were solid and demonstrated the durable nature of ABT's portfolio, as three out of four business segments grew over 10% organically, with Nutrition growing 8%

Benzinga

Wells Fargo Take on Apple, Qualcomm, MaxLinear Ahead Of Quarterly Earnings

Wells Fargo shared its views on three tech companies ahead of their quarterly earnings.

Benzinga

Analysts Bump Up Lockheed Martin Price Target Post Q1 Results

Wells Fargo analyst Matthew Akers raised the price target for Lockheed Martin Corp (NYSE:LMT) to $496 (an upside of 9%) from $486 while maintaining the Equal-Weight rating on the shares. The analyst stated that most of LMT's Q1 beat vs. the firm's model was driven by lower tax/interest, while operations were slightly ahead, including a…

Benzinga

Check Out What Whales Are Doing With WFC

A whale with a lot of money to spend has taken a noticeably bearish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 11 strange trades.

Benzinga

Wells Fargo Slashed Price Targets On Seagate and Western Digital - Read Why

Wells Fargo analyst Aaron Rakers maintained Seagate Technology Holdings PLC (NASDAQ:STX) with an Equal-Weight and reduced the price target from $110 to $90 (8.1% upside). Rakers maintained Western Digital Corp (NASDAQ:WDC) with an Overweight and decreased the price target from $80 to $70 (45.6% upside). Rakers reduced its estimates on Seagate and Western Digital ahead of their upcoming earnings releases. Also…

Benzinga

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Here's Why Analysts Remained Bullish On Microsoft Despite Price Target Cut

Two analysts remained bullish despite slashing their price targets on Microsoft Corp (NASDAQ:MSFT). Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from $386 to $355 (24.8% upside). Amidst rising investor concerns around the sustainability of robust software demand and valuation multiples, Citi analyst Tyler Radke expects MSFT's results to…

Benzinga

Why This Analyst Believes Biogen Is 'Too Good to Ignore'

Biogen Inc’s (NASDAQ: BIIB) base business seems to be worth more than what the Street estimates, and it is possible that investors are not properly valuing royalty streams coming to the company, which contributes 15% of current revenues and 40% of the valuation, according to Wells Fargo.

Benzinga

Expert Ratings for Wells Fargo

Within the last quarter, Wells Fargo (NYSE:WFC) has observed the following analyst ratings:

Benzinga

Markets Fall To Conclude Holiday-Shortened Week Of Trading

U.S. indices fell Thursday to conclude the holiday-shortened week of trading amid continued concerns over Fed tapering in order to combat inflation. Investors also reacted to earnings from notable banks including Wells Fargo, Citigroup and Goldman Sachs.

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Benzinga

Wells Fargo: Q1 Earnings Insights

Wells Fargo (NYSE:WFC) reported its Q1 earnings results on Thursday, April 14, 2022 at 06:48 AM. Here's what investors need to know about the announcement. Earnings Wells Fargo beat estimated earnings by 8.64%, reporting an EPS of $0.88 versus an estimate of $0.81.

Investors Business Daily

Dow Jones Turns Lower; Indexes Slide Amid Earnings From These Banks

The Dow Jones erased early gains while tech stocks led the downside. Investors digested earnings from these bank stocks.

Benzinga

Why Wells Fargo Shares Are Sliding

Wells Fargo & Co (NYSE: WFC) shares are trading lower Thursday morning after the company announced worse-than-expected top-line results.

Benzinga

Wells Fargo Maintains Overweight Rating for MGM Resorts Intl, Lowers Price Target To $56

Wells Fargo has decided to maintain its Overweight rating of MGM Resorts Intl (NYSE:MGM) and lower its price target from $60.00 to $56.00. Shares of MGM Resorts Intl are trading up 4.92% over the last 24 hours, at $41.49 per share.

Benzinga

Wells Fargo Bumps Up Crown Holdings Price Target By 15%

Wells Fargo analyst Gabe Hajde raised the price target on Crown Holdings, Inc. (NYSE:CCK) to $152 (an upside of 26.6%) from $132 while maintaining an Overweight rating on the shares. The analyst believes that CCK will outperform in 2022, driven by strong operating leverage in the global beverage can operations and potential for better-than-expected profitability…

Benzinga

Earnings Preview: Wells Fargo

Wells Fargo (NYSE:WFC) is set to give its latest quarterly earnings report on Thursday, 2022-04-14. Here's what investors need to know before the announcement. Analysts estimate that Wells Fargo will report an earnings per share (EPS) of $0.81.

Investors Business Daily

Bank Stocks Mixed As Goldman Earnings, Revenue Fall Less Than Expected

Goldman Sachs reported smaller than expected revenue and earnings declines. JPMorgan reported on Wednesday.

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