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Wells Fargo beats earnings estimates, raises dividend, and sees increased investor interest.
Wells Fargo reported strong second-quarter earnings on October 14, with $1.66 EPS and $21.44 billion in revenue, exceeding estimates.
The bank raised its quarterly dividend to $0.45, yielding 2.1%, and saw institutional investors like Prudent Man Advisors and Wealthfront adjust holdings, with the latter increasing its stake by 8.9%.
Analysts maintain a "Moderate Buy" consensus, citing improving credit quality, capital strength, and cost discipline, though risks remain from macroeconomic pressures.
The stock trades at $86.35 with a 52-week range of $58.42 to $87.47.
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Wells Fargo supera las estimaciones de ganancias, aumenta el dividendo y ve un aumento en el interés de los inversores.