Wells Fargo acknowledges federal settlement offer of $1 bln

Wells Fargo acknowledges federal settlement offer of $1 bln

Glenmede Trust Company Na decreased its stake in Five Below Inc (FIVE) by 32.43% based on its latest 2017Q4 regulatory filing with the SEC. Mcdonald Capital Investors Inc sold 41,483 shares as the company's stock declined 16.98% with the market. Heritage Way Advisors LLC now owns 62,100 shares of the financial services provider's stock valued at $3,768,000 after purchasing an additional 25,407 shares in the last quarter.

"Operationally, Wells Fargo can recover, but reputationally and how a billion dollars will weigh on them-only time can tell", Art Hogan, chief market strategist at financial services firm B. Riley, told Reuters. Insiders own 0.09% of the company's stock. About 987,525 shares traded. Shayne & Co bought 14,436 shares as the company's stock declined 16.98% with the market.

The bank reported first-quarter earnings of $5.9 billion, or $1.12 per share, better than the 5.46 billion and $1.03 per share for the same period previous year.

Wells Fargo, which is valued at $248 billion, is the third largest lender in the United States.

Wells Fargo stock traded down $1.81 during mid-day trading on Thursday, hitting $50.89. Finally, UBS upgraded shares of Wells Fargo from a "neutral" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Thursday, April 5th. It has underperformed by 19.30% the S&P500.

Total analysts of 22 have positions in Wells Fargo (NYSE:WFC) as follows: 12 rated it a "Buy", 3 with "Sell" and 7 with "Hold".

JPMorgan Chase announced record earnings for the first quarter reporting revenue of $27.9 billion during the quarter against $24.9 billion recorded during the same period a year ago. Old Natl Bank In stated it has 75,904 shares or 0.24% of all its holdings. The rating was maintained by RBC Capital Markets on Friday, October 16 with "Outperform". The rating was downgraded by JP Morgan to "Underweight" on Monday, February 5. Keefe Bruyette & Woods maintained Wells Fargo & Company (NYSE:WFC) on Wednesday, April 4 with "Hold" rating.

In other news, Director Ronald Sargent bought 9,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. Jefferies maintained it with "Hold" rating and $6200 target in Friday, August 11 report. Cantor Fitzgerald maintained the shares of ANTM in report on Thursday, September 14 with "Buy" rating.

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Shares of General Electric were up 2.47 percent ahead of its earnings next week. Riverhead Cap Limited Liability Corp reported 165,660 shares stake.

Retail brokerage reported client assets of $1.6 trillion, up 4% from the previous year, while wealth management reported client assets of $242 billion, a year-over-year increase of 2%.

J.P. Morgan Chase reported earnings per share of $2.37, higher than analyst estimate of $2.28. It operates about $10.76 billion and $10.30 billion US Long portfolio. Cable Hill Partners LLC now owns 2,594 shares of the financial services provider's stock valued at $117,000 after buying an additional 247 shares during the last quarter. It also reduced its holding in Babcock & Wilcox Enterpris I by 1.60M shares in the quarter, leaving it with 1.58M shares, and cut its stake in Brandywine Rlty Tr (NYSE:BDN).

Capital World Investors increased its holdings in Wells Fargo by 10.8% in the second quarter. Its up 0.02, from 0.73 in 2017Q3.

Several hedge funds and other institutional investors have recently modified their holdings of WFC.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp decreased Anthem Inc (ANTM) stake by 0.83% reported in 2017Q4 SEC filing. 15,600 are held by Old Mutual Glob Invsts (Uk). Proshare Advsr Limited Liability has 0.02% invested in Range Resources Corporation (NYSE:RRC). Chatham Cap has 0.14% invested in General Electric Company (NYSE:GE). 177,142 were accumulated by Brandywine Glob Investment Management Ltd Com. Cannell Peter B Inc stated it has 0.1% of its portfolio in Wells Fargo & Company (NYSE:WFC). Martingale Asset Management Lp invested in 19,064 shares or 0.02% of the stock. 71,651 were reported by Great West Life Assurance Can. Washington Mngmt reported 14,100 shares stake. Virginia-based Hendershot Invests has invested 0.11% in Wells Fargo & Company (NYSE:WFC). 634,362 are held by Bokf Na. Fny Managed Accounts Ltd Liability holds 0.03% or 520 shares in its portfolio. Gateway Invest Advisers Lc holds 0.72% of its portfolio in General Electric Company (NYSE:GE) for 4.82M shares.

Since November 17, 2017, it had 0 insider purchases, and 1 sale for $292,234 activity.