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WFC

Wells Fargo

$43.39

-0.58 (-1.32%)

06:10
08/16/19
08/16
06:10
08/16/19
06:10

Wells Fargo customers complain of mounting fees after accounts close, NYT says

When Wells Fargo closes customers' accounts, it doesn't always mean money stops going out, which can leave customers with hefty overdraft charges, The New York Times' Emily Flitter reports. The problem has gone unaddressed by the bank despite complaints from customers and employees, including one in the bank's debt-collection department who grew concerned after taking in an estimated $100,000 in overdraft fees over eight months, Flitter says. A spokesman for the bank said he could not comment on specific accounts for privacy reasons, but said the bank reviews accounts to protect customers and was "committed to doing so in ways that minimize the risk and impact to our customers." Reference Link

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WFC Wells Fargo
$43.39

-0.58 (-1.32%)

07/17/19
MACQ
07/17/19
DOWNGRADE
MACQ
Neutral
Wells Fargo downgraded to Neutral from Outperform at Macquarie
07/17/19
BMOC
07/17/19
NO CHANGE
Target $59
BMOC
Market Perform
Wells Fargo price target lowered to $59 from $63 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo to $59 and kept his Market Perform rating after its operating expense-driven miss in Q2. The analyst also lowers his FY19 and FY20 EPS views by 9c and 37c to $4.40 and $5.20 respectively given the bank's lower net interest income and higher costs. Fotheringham contands that although Wells Fargo shares trade "well below" their average historical multiples, value investors should stay away until there is an update on guidance from a permanent CEO and the Fed gives more clarity on the timing of potential lifting of the bank's asset cap.
07/17/19
07/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micro Focus (MFGP) downgraded to Sell from Neutral at Goldman Sachs. 2. Wells Fargo (WFC) downgraded to Neutral from Outperform at Macquarie. 3. Alliance Resource Partners (ARLP) downgraded to Neutral from Buy at B. Riley FBR with analyst Lucas Pipes citing the company's "disappointing" sales volumes in Q2 for the downgrade. 4. 58.com (WUBA) downgraded to Neutral from Outperform at Credit Suisse. 5. Ralph Lauren (RL), Levi Strauss (LEVI), and PVH Corp. (PVH) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/19
ODEN
08/01/19
UPGRADE
ODEN
Buy
Wells Fargo upgraded to Buy from Hold at Odeon Capital
Odeon Capital analyst Richard Bove upgraded Wells Fargo to Buy from Hold.

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AUMN

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DMPI

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OncoSec

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TNXP

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CVEO

Civeo

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AGO

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PBA

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APEN

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LQDA

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V

Visa

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