Wells Fargo reported beating Q3 earnings estimates, but saw mixed investment activity with a "Hold" rating.

Wells Fargo saw mixed investment activity in the third quarter, with BCI reducing its holdings by 14.2% and Point72 Europe London LLP increasing its stake by 106.6%. The company reported EPS of $1.42, beating estimates by $0.14, with revenue of $20.37 billion. Analysts rate the stock as "Hold" with a target price of $63.07. Wells Fargo also announced a quarterly dividend of $0.40 per share.

November 30, 2024
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