Investors Brace for Market Moves After Wells Fargo (WFC) Fines

By Kim Brooks • Tuesday, December 20 12:07 • Permanent Link

Today Barrons is reporting: "Wells Fargo Ordered to Pay $3.7 Billion for Mismanagement of Loans ..." For full coverage click here. Shares of the large-cap Financial Services company have not moved much on the news as of the afternoon trading session, and are currently trading at $41.41.

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 13.34 and an average price to book (P/B) ratio of 1.95. In contrast, Wells Fargo & Company has a trailing 12 month P/E ratio of 28.4 and a P/B ratio of 1.0.

At today's price of $41.41 per share, Wells Fargo & Company is -21.93% away from its target price of $53.04, and on average, analysts give the stock a rating of buy. 0.8% of the company's shares are linked to short positions, and 74.0% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.