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Wells Fargo reported strong profits, facing investor stock reductions but maintaining a positive outlook.
Wells Fargo & Company reported a higher-than-expected profit of $1.43 per share, but faced stock reductions by significant investors like Tradewinds LLC and Tweedy Browne Co LLC during the fourth quarter.
Despite these reductions, analysts predict a strong financial outlook with an anticipated 5.89 earnings per share for the current fiscal year.
The company's stock is currently rated as a "Moderate Buy" with a target price of $74.97.
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Wells Fargo reportó fuertes beneficios, enfrentando reducciones de acciones de inversores pero manteniendo una perspectiva positiva.