The Latest Breaking News from Wells Fargo

Rosenblatt did not expect any surprises from Seagate Technology Holdings PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC) pre-announcing their March quarter results. The June quarter outlook is a different story.  Continued COVID-related shutdowns in China may further delay security system deployments that use HDD storage.  June quarter HDD revenue could have some upside if the…

Raymond James thinks Abbott Laboratories' (NYSE: ABT) 1Q results were solid and demonstrated the durable nature of ABT's portfolio, as three out of four business segments grew over 10% organically, with Nutrition growing 8% 

Wells Fargo shared its views on three tech companies ahead of their quarterly earnings.

Wells Fargo analyst Matthew Akers raised the price target for Lockheed Martin Corp (NYSE:LMT) to $496 (an upside of 9%) from $486 while maintaining the Equal-Weight rating on the shares. The analyst stated that most of LMT's Q1 beat vs. the firm's model was driven by lower tax/interest, while operations were slightly ahead, including a…

A whale with a lot of money to spend has taken a noticeably bearish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 11 strange trades.

Wells Fargo analyst Aaron Rakers maintained Seagate Technology Holdings PLC (NASDAQ:STX) with an Equal-Weight and reduced the price target from $110 to $90 (8.1% upside). Rakers maintained Western Digital Corp (NASDAQ:WDC) with an Overweight and decreased the price target from $80 to $70 (45.6% upside). Rakers reduced its estimates on Seagate and Western Digital ahead of their upcoming earnings releases.  Also…

Two analysts remained bullish despite slashing their price targets on Microsoft Corp (NASDAQ:MSFT). Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from $386 to $355 (24.8% upside). Amidst rising investor concerns around the sustainability of robust software demand and valuation multiples, Citi analyst Tyler Radke expects MSFT's results to…

Biogen Inc’s (NASDAQ: BIIB) base business seems to be worth more than what the Street estimates, and it is possible that investors are not properly valuing royalty streams coming to the company, which contributes 15% of current revenues and 40% of the valuation, according to Wells Fargo.

Within the last quarter, Wells Fargo (NYSE:WFC) has observed the following analyst ratings:

U.S. indices fell Thursday to conclude the holiday-shortened week of trading amid continued concerns over Fed tapering in order to combat inflation. Investors also reacted to earnings from notable banks including Wells Fargo, Citigroup and Goldman Sachs.

Wells Fargo (NYSE:WFC) reported its Q1 earnings results on Thursday, April 14, 2022 at 06:48 AM. Here's what investors need to know about the announcement. Earnings Wells Fargo beat estimated earnings by 8.64%, reporting an EPS of $0.88 versus an estimate of $0.81.