Citigroup joins JP Morgan is beating analyst expectations as trading revenues jump

Violet Tucker
July 15, 2017

Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider's stock worth $376,000 after buying an additional 39 shares during the last quarter.

Wells Fargo shares have risen roughly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 9 percent. It has underperformed by 7.03% the S&P500.The move comes after 6 months negative chart setup for the $274.63B company. HUN's SI was 11.18M shares in July as released by FINRA. Its up 20.98% from 7.60M shares previously. With 8,900 avg volume, 1 days are for FLUOROPHARMA MEDICAL (OTCMKTS:FPMI)'s short sellers to cover FPMI's short positions. About 694,378 shares traded. Aqua America Inc (NYSE:WTR) has risen 0.64% since July 14, 2016 and is uptrending. Its up 0.08, from 1.13 in 2016Q3. 149 funds opened positions while 487 raised stakes. Enterprise Financial Services Corp's holdings in Wells Fargo & Co were worth $313,000 at the end of the most recent quarter.

Citi, which did better than JPM in bond trading, was off 0.9 percent. Harris Associates L P now owns 23,796,125 shares of the financial services provider's stock worth $1,324,492,000 after buying an additional 286,710 shares during the period. Afam Capital Incorporated, Texas-based fund reported 107,132 shares. On Tuesday, May 16 the insider Hardison Hope A. sold $1.04 million. Alliancebernstein Limited Partnership has 27.70 million shares for 1.27% of their portfolio. Catawba Capital Management Va holds 1.32% in Wells Fargo & Co (NYSE:WFC) or 102,449 shares. Continental Ltd Llc holds 1.5% or 100,116 shares in its portfolio. Parkwood Ltd Com holds 0.04% in Aqua America Inc (NYSE:WTR) or 8,943 shares. Hodges Mgmt has invested 0.16% in Wells Fargo & Co (NYSE:WFC). The hedge fund run by Patrick Degorce held 12.93 million shares of the investment bankers and brokers and service company at the end of 2016Q4, valued at $510.23 million, down from 13.26 million at the end of the previous reported quarter. First Dallas Secs owns 12,685 shares. Coca Cola Co. (NYSE:KO) was raised too.

Since March 3, 2017, it had 1 buy, and 7 selling transactions for $397.31 million activity. On Monday, April 10 the insider BERKSHIRE HATHAWAY INC sold $383.92 million. Bristol John W And Co New York owns 1.90M shares or 2.95% of their U.S. portfolio.

Wells Fargo's return on equity, continued to grind lower in the quarter, at 11.95%. $499,108 worth of Wells Fargo & Co (NYSE:WFC) was bought by SARGENT RONALD. As per Thursday, June 22, the company rating was maintained by Keefe Bruyette & Woods.

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Three big banks kicked off the second quarter earnings season on Friday with results that topped analyst expectations. Therefore 0 are positive. Vining Sparks upgraded Wells Fargo & Company to a "strong-buy" rating and set a $65.00 price objective for the company in a report on Thursday, April 27th. The stock of Huntsman Corporation (NYSE:HUN) earned "Buy" rating by Nomura on Friday, April 28.

Several institutional investors have recently made changes to their positions in the stock. JP Morgan maintained the shares of HUN in report on Tuesday, October 20 with "Neutral" rating. Firm LT growth rate is estimated as 10.05 %. Jefferies downgraded Wells Fargo & Co (NYSE:WFC) on Monday, November 28 to "Hold" rating. Citigroup upgraded the stock to "Buy" rating in Thursday, January 7 report. The firm earned "Neutral" rating on Tuesday, January 19 by Compass Point.

Analysts await Baxter International Inc (NYSE:BAX) to report earnings on July, 25. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $1.01 by $0.06. The company said its bottom line came in at $5.40 billion, or $1.07 per share.

Investors sentiment decreased to 1.02 in 2016 Q4. Jpmorgan Chase has 0% invested in Aqua America Inc (NYSE:WTR). Ngam Advisors Lp owns 1.19M shares for 0.79% of their portfolio. Kennedy Mngmt accumulated 74,562 shares. Intrust Retail Bank Na owns 12,215 shares for 0.07% of their portfolio. Connable Office invested in 0.8% or 63,241 shares. 14 told the investors of the company to "Hold" stock.

Do not forget to pay close attention to what bank CEOs say on their earnings calls, which should be available on company web sites if you missed the live broadcasts this morning.

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