Shares of Wells Fargo & Co (NYSE:WFC) jumped 1.49% to reach at $55.31 during previous trading session. The company has experienced volume of 37.23M shares while on average the company has a capacity of trading 23.60M share.
Wells Fargo & Co (NYSE:WFC) on January 13, 2017 reported diluted earnings per common share of $3.99 for 2016, compared with $4.12 for 2015. Full year net income in 2016 was $21.9 billion, compared with $22.9 billion in 2015. For fourth quarter 2016, net income was $5.3 billion, or $0.96 per share, compared with $5.6 billion, or $1.00 per share, for fourth quarter 2015, and $5.6 billion, or $1.03 per share, for third quarter 2016.
Net interest income in fourth quarter 2016 increased $450 million from third quarter 2016 to $12.4 billion, primarily due to growth in loans and investment securities, higher interest income on trading assets, higher variable income including periodic dividends and fees, and a modest benefit from higher interest rates in the quarter.
Net interest margin was 2.87 percent, up 5 basis points from third quarter 2016, driven by growth in loans, investment securities and trading assets, and the impact from higher interest rates. Income from variable sources contributed approximately two basis points in the quarter.
Wells Fargo & Co (NYSE:WFC) holds the market capitalization of $281.91B along with 5.02B outstanding shares. During the last trade, stock’s minimum price has been reached out at $54.65 while the maximum trading price moved at $56.20. Currently the stock price is moving -4.67% off from the highest level of twelve months and +28.06% above from twelve months low. Wells Fargo & Co (NYSE:WFC) marked 52-week highest price level of $58.02 on 12/08/16 and 52-week lowest price level of $43.19 on 10/04/16. For the stock, price target value has been calculated at $57.53 based on calls of 30 experts. Stock’s minimum price target estimates has been figured out at $45.00 while the maximum price target forecast is established at $65.00.
As of current trade, Wells Fargo & Co (NYSE:WFC) has shown weekly upbeat performance of 0.49%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 12.73%. Year-to-date (YTD) performance of the stock illustrate upbeat trend of 0.36%. Shares of Wells Fargo & Co (NYSE:WFC) currently have an ABR of 2.54, derived from a total of 26 opinions. The company’s price sits 4.04% above from its 50-day moving average of $55.10 and 13.60% above from the stock’s 200-day moving average of $49.44. The company has Relative Strength Index (RSI 14) of 52.24 along with Average True Range (ATR 14) of 1.04. Its weekly and monthly volatility is 1.87%, 1.61% respectively. The company’s beta value is at 0.97.
Wells Fargo & Co (NYSE:WFC) currently has a PEG ratio of 2.01 where as its P/E ratio is 13.71. The company’s price to sales ratio for trailing twelve months is 5.32 and price to book ratio for most recent quarter is 1.59, whereas price to cash per share for the most recent quarter is 0.77. Total debt to equity ratio of the company for most recent quarter is 1.46 whereas long term debt to equity ratio for most recent quarter is 1.46. Wells Fargo & Co (NYSE:WFC) has a Return on Assets of 1.10%. The company currently has a Return on Equity of 11.60% and Return on Investment of 7.90%.