Wells Fargo & Co (NYSE: WFC) is expected to earn $0.93 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.89 per share to as high as $0.97 per share. For the same quarter last year, the company earned $0.82 per share. Revenues are expected to come in at $21.22B. Shares of Wells Fargo & Co traded higher by 2.05% or $0.86/share to $42.75. In the past year, the shares have traded as low as $31.25 and as high as $43.08. On average, 20995000 shares of WFC exchange hands on a given day and today's volume is recorded at 23374776. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $40.94 area where the stock will likely see buying pressure.
Webster Financial Corp (NYSE: WBS) is expected to earn $0.48 per share for quarter ended Jun 13. Estimates from Wall Street analysts ranged from as low as $0.43 per share to as high as $0.50 per share. For the same quarter last year, the company earned $0.44 per share. Revenues are expected to come in at $147.84M. Shares of Webster Financial Corp traded higher by 0.23% or $0.06/share to $26.49. In the past year, the shares have traded as low as $19.43 and as high as $27.25. On average, 936352 shares of WBS exchange hands on a given day and today's volume is recorded at 462459. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $24.66 area where the stock will likely see buying pressure.
