These Analysts Revise Their Forecasts On Wells Fargo Following Q4 Earnings
Wells Fargo & Company (NYSE:WFC) reported stronger-than-expected Q4 earnings, with net income of $5.4 billion, or $1.62 per diluted share, surpassing last year's $5.1 billion. Adjusted earnings of $1.76 beat the consensus of $1.67, while revenue rose 4% to $21.3 billion. Analysts revised their price targets post-earnings: Truist's John McDonald lowered his target from $104 to $100, Argus's Stephen Biggar raised his from $94 to $101, and Evercore's John Pancari lowered his from $110 to $105. Wells Fargo shares fell 0.3% to $88.95.
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