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Wells Fargo profits miss estimates on $1 bn litigation costs

14 October 2017
Wells Fargo profits miss estimates on $1 bn litigation costs

Its up 0.25, from 0.71 in 2017Q1. It increased, as 63 investors sold PG shares while 714 reduced holdings.

Since May 5, 2017, it had 1 insider buy, and 3 selling transactions for $3.93 million activity. Janney Montgomery Scott Lc holds 0.52% or 756,962 shares. Gam Holdg Ag holds 1.33 million shares. Northern Tru Corp owns 7.19M shares. (NYSE:FE) for 136,769 shares. Motco reported 0% stake. Osterweis Mgmt accumulated 9,755 shares. The Georgia-based Invesco Ltd. has invested 0% in the stock. (NYSE:CAT). Moreover, Jnba Fincl Advsr has 0.01% invested in Caterpillar Inc. Court Place Ltd Limited Liability Company invested 3.04% of its portfolio in Procter & Gamble Co (NYSE:PG). (NYSE:CAT). Lodge Hill Ltd Liability has invested 3.67% in Caterpillar Inc.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Therefore 50% are positive. Proctor & Gamble had 64 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse maintained Caterpillar Inc. A rating of 4 or 5 would represent a Sell recommendation.

Since the beginning of the calendar year, the stock is 15.16%. Barclays Capital upgraded Empire Company Limited (TSE:EMP.A) on Friday, March 17 to "Equal Weight" rating. The stock of Caterpillar Inc.

The bank reported disappointing profits on Friday, bucking the trend set by its biggest competitors. The firm earned "Sell" rating on Thursday, September 24 by Axiom Capital. The firm has "Buy" rating given on Thursday, July 27 by RBC Capital Markets. Plancorp Ltd Llc stated it has 18,476 shares. The financial services provider reported $1.07 EPS for the quarter, beating the Zacks' consensus estimate of $1.02 by $0.05. Finally, Harris Associates L P increased its position in shares of Wells Fargo & by 7.9% during the 2nd quarter.

Wells Fargo & Co reported revenue of $21.92 billion during its third quarter of the year.

Investors sentiment decreased to 0.86 in Q2 2017. It is positive, as 85 investors sold WFC shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. (NYSE:FE). Clinton Gp Incorporated holds 0.23% or 78,170 shares.

Wells Fargo's operating efficiency ratio was 65.5 percent. The company recorded a fall in short interest of -6.69% as of September 29, 2017 from the last reporting period. Wells Fargo & Company has a 1-year low of $44.28 and a 1-year high of $59.99. Busey Trust CO's holdings in Wells Fargo & were worth $13,684,000 at the end of the most recent quarter. Palouse Capital Management holds 2.9% or 143,701 shares. Sector Pension Board holds 291,694 shares. 19,829 were accumulated by Prentiss Smith And. Laffer Invs invested 0% of its portfolio in Wells Fargo & Co (NYSE:WFC). Deutsche Bank Ag owns 400 shares or 0% of their U.S. portfolio. Tradewinds Cap Ltd has 4,183 shares. Fairfield Bush Co reported 163,252 shares. Steinberg Global Asset has invested 1.11% in Wells Fargo & Co (NYSE:WFC).

Gardner Russo & Gardner Llc increased Berkshire Hathaway Inc Cl B (BRKB) stake by 10,517 shares to 2.51 million valued at $425.07 million in 2017Q2. Wells Fargo Mn holds 4.47M shares or 0.08% of its portfolio.

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