Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo beats appeal over voided Money Store verdict

[Reuters] – A federal appeals court on Friday rejected a bid to revive a $54.8 million jury verdict against Wells Fargo & Co, saying the trial judge had authority to take the “drastic step” of decertifying the class action after the award was made. In a decision that could end 15 years of litigation, the 2nd U.S. Circuit Court of Appeals in Manhattan said U.S. District Judge John Koeltl met a high legal standard in finding that borrowers whose mortgages had been owned or serviced by The Money Store and HomEq Servicing could not sue as a group. A jury in Manhattan held Wells Fargo liable in December 2014. Read more on this. , with a current value of $recting to http://finance.ya, ended trading yesterday at $. Today’s price range has been between $ per share with a one year range of $. Priced at x this year’s forecasted earnings, WFC shares are relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $, which would be a $0.00 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. More recently, d WFC from to (/fi). Previously, d WFC from to . Given all the information above, we should disclose to readers that the average price target is $, which is 0.00% below than it opened this morning. See more in (NYSE:WFC) Similar Articles: Market Update (NYSE:WFC): Wells Fargo Commits $4.1 Million to Boost Columbia, S.C.-Area Homeownership Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Closed-End Funds Declare Monthly Dividends Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commercial Real Estate Hires Industry Veteran Jeff Miller