JPMorgan Chase Smashes Earnings Views, But Cuts Loan Forecast

Lucy Hill
July 15, 2017

In other news, insider Avid Modjtabai sold 100,000 shares of the business's stock in a transaction on Friday, April 28th. It also increased its holding in General Dynamics Corp (NYSE:GD) by 10,162 shares in the quarter, for a total of 19,943 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS). Wells Fargo & Co New now has $274.58B valuation.

However, share prices for all three banks fell, with JPMorgan losing 1.8 percent, Citigroup 0.6 percent and Wells Fargo 2.2 percent.

The fact that the stock market is at or near record highs could have an impact on earnings-related trading in the weeks to come. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since July 14, 2016 and is uptrending. HUN's SI was 11.18M shares in July as released by FINRA. Its up 66.67% from 3,300 shares previously. About 750,932 shares traded. It has underperformed by 16.70% the S&P500. Its down 0.06, from 1.08 in 2016Q3. 149 funds opened positions while 487 raised stakes. The stock of Wells Fargo & Co (NYSE:WFC) has "Overweight" rating given on Monday, July 18 by Barclays Capital. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. Finally, Evercore ISI restated an "outperform" rating and issued a $64.00 price objective on shares of Wells Fargo & Co in a report on Tuesday, April 11th.

Wells Fargo & Company (NYSE:WFC) Money Center Banks shows a Dividend Yield of 2.73% with a Payout Ratio of 37.60%. Confluence Invest Mngmt holds 0.01% or 4,111 shares in its portfolio. Management Of Virginia Ltd Com owns 158,755 shares. Analysts forecast that Wells Fargo & Company will post $4.14 EPS for the current year. Bollard Group Inc Ltd Co has 32,410 shares. Hodges Mgmt has invested 0.16% in Wells Fargo & Co (NYSE:WFC). Citadel Advisors Limited Liability holds 0.01% or 211,613 shares in its portfolio. Empirical Finance LLC acquired a new stake in Wells Fargo & Company during the fourth quarter valued at $128,000. Borgwarner Inc (NYSE:BWA) was reduced too.

Since March 3, 2017, it had 1 insider purchase, and 7 insider sales for $397.31 million activity. Shares for $383.92M were sold by BERKSHIRE HATHAWAY INC. 27,582 shares valued at $1.47 million were sold by CARROLL DAVID M on Wednesday, March 22. The value of the total investment in Wells Fargo & Company decreased from $1,014,189,000 to $38,343,000 decreasing 96.2% for the reporting period. Rafferty downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, April 12 to "Sell" rating.

Wells Fargo & Co (NYSE:WFC) early Friday posted second quarter earnings results that were mostly in-line with expectations, as revenues were essentially flat. Therefore 0 are positive. Summit Hotel Properties had 21 analyst reports since July 21, 2015 according to SRatingsIntel.

On November 28 the company was set at "Hold" in a report from Jefferies a cut from the previous "Buy" rating.

Stock has got OUTPERFORM rating from 8 analyst (s) whereas last month 8 analyst (s) have given outperform rating.

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Altavista Wealth Management Inc decreased Wells Fargo & Co New (WFC) stake by 98.23% reported in 2016Q4 SEC filing.

Wells Fargo & Company has a consensus hold rating from 30 Wall Street analysts, and the number of shares now sold short amount to at least 0.57% of shares outstanding.

Wells Fargo announced earnings Friday, beating analyst expectations.

Investors sentiment increased to 1.25 in Q4 2016. It is negative, as 41 investors sold Huntsman Corporation shares while 125 reduced holdings. 44 funds opened positions while 70 raised stakes.

In other news, insider Petros G. Pelos sold 24,708 shares of the business's stock in a transaction on Monday, June 12th. Weik Svcs owns 97,241 shares or 3% of their U.S. portfolio.

Tollbooth Index gained 29.47 or 0.2% to 12,281.92. Bryn Mawr Tru owns 45,227 shares for 0.09% of their portfolio. Institutional investors own 75.92% of the company's stock.

The company is now up by 0.78 percent from yesterday's close. The company has market cap of $5.77 billion. The Firm is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Firm operates through the Finish Line brand.

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