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Sunday 31 January 2016
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3 Financial Stocks News Recap: Wells Fargo & Co (NYSE:WFC), First Niagara Financial Group (NASDAQ:FNFG), MGIC Investment (NYSE:MTG)

3 Financial Stocks News Recap: Wells Fargo & Co (NYSE:WFC), First Niagara Financial Group (NASDAQ:FNFG), MGIC Investment (NYSE:MTG)

– in FINANCIAL

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On Thursday, Wells Fargo & Co (NYSE:WFC)’s shares inclined 0.53% to $54.87.

WFC  has the market capitalization of $280.18 billion. The stock has P/B ratio of 1.65 while EPS was $4.14. Institutional ownership of the company was 77.40% while 5.11 billion shares were outstanding. Net profit margin of the Company was 44.30%. Share of the company moved above its SMA 50 with 4.95%. ROE ratio was 12.90% while ROI was 9.10%.

The mean estimate for the short term price target for Wells Fargo & Co (WFC) stands at $58.61 according to 30 Analysts. The higher price target estimate for the stock has been calculated at $65.00 while the lower price target estimate is at $50.00.

Analysts mean recommendation for the stock is 2.30. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement.

First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares gained 1.32% to $10.76.

FNFG  has market capitalization of $3.77 billion. Its shares were above its 50 days simple moving average with 8.67%. The company offered earning per share of $0.62 while its 354.79 million shares were outstanding. YTD performance of the company was 27.64%. Stock volatility for the week was 1.76% while for the month it was shown at 2.65%.

The mean estimate for the short term price target for First Niagara Financial Group Inc. (FNFG) stands at $10.56 according to 15 Analysts. The higher price target estimate for the stock has been calculated at $13.00 while the lower price target estimate is at $9.00.

Analysts mean recommendation for the stock is 2.90. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank).

At the end of Thursday’s trade, MGIC Investment Corp. (NYSE:MTG)‘s shares surged 2.24% to $9.58.

MTG  Its past 5-day performance at 1.48%. So far in 2015, the company has a year-to-date performance of 2.79%. The stock, as of last close, traded 19.75% up from its 52 week low and was -18.26% below its 52 week high. Its latest closing price was -5.81% below the SMA200 while the distance from SMA 50 and SMA 20 was -1.98% and 0.33% respectively.

The mean estimate for the short term price target for MGIC Investment Corp. (MTG) stands at $12.18 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $14.00 while the lower price target estimate is at $10.00.

Analysts mean recommendation for the stock is 2.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the Company provides private mortgage insurance and ancillary services.

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