Wells Fargo & Corporate WFC reported better-than-expected effects for its first quarter on Friday.
Wells Fargo reported first-quarter FY23 earnings expansion of 17% year-over-year to $20.73 billion, beating the consensus of $20.07 billion. The corporate posted an EPS of $1.23, when put next with $0.91 a yr in the past and beating the consensus of $1.13.
Wells Fargo stocks fell 0.1% to near at $39.64 on Friday and added 0.1% in as of late’s pre-market buying and selling consultation.
Those analysts made adjustments to their worth goals on Wells Fargo following profits announcement.
- Citigroup reduce the fee goal on Wells Fargo from $52 to $50. Citigroup analyst Keith Horowitz maintained a Purchase score.
- Raymond James raised the fee goal on Wells Fargo from $47 to $48. Raymond James analyst David Lengthy maintained a Robust Purchase score.
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