Earnings Forecast Reports: Wells Fargo, Intel, Kinder Morgan, Valero Energy, Fifth Third Bancorp, and Corning

VANCOUVER, British Columbia, Oct. 15, 2012 /PRNewswire/ -- EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Wells Fargo (NYSE:WFC), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Valero Energy (NYSE:VLO), Fifth Third Bancorp (NASDAQ:FITB), and Corning (NYSE:GLW).

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Report Highlights:

Wells Fargo & Company (NYSE:WFC): For the third quarter ended September 30, 2012, Wells Fargo & Company (NYSE:WFC) reported net income of US$4.94 billion (or US$0.88 per diluted common share), compared with net income of US$4.06 billion (or US$0.72 per diluted common share), in the same quarter of 2011. In the last trading session, shares of Wells Fargo plummeted US$0.93 (or -2.64%) to close at US$34.25. The company's 52-week range remained US$23.19 to US$36.60 with its market capitalization touching US$180.91 billion. Its price, as of the latest close, was up 48% compared with the 52-week low and was 7% below the 52-week high. WFC was traded above average volume with 61.32 million shares traded, 35.15 million shares more than its daily average. Do you think now is a good time to buy or sell WFC? See Wells Fargo earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101512A/WFC/WellsFargo.pdf

Intel Corporation (NASDAQ:INTC): The chip maker Intel Corporation (NASDAQ:INTC) is scheduled to release its financial results for the third quarter of 2012 on Tuesday, October 16, 2012. Shares of Intel began the trading session with a price of US$21.58 and throughout the session hit to a new 52-week low of US$21.40. When day-trade ended, the stock finally slipped 0.92% to US$21.48. Intel's market capitalization after the recent close was US$107.47 billion. There were 46.27 million shares of Intel exchanging hands as compared to its average daily volume of 47.56 million shares. Can Intel rebound from here? Want to monitor this company on an on-going basis? Investors could check Intel earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101512A/INTC/Intel.pdf

Kinder Morgan Inc. (NYSE:KMI): At the close of the trading day, shares of Kinder Morgan Inc. (NYSE:KMI) crossed below the 50-day moving average and ended at US$34.50 by plunging US$0.59 (or -1.68%). In the past 52 weeks, the stock has traded within a range of US$26.40US$40.25. Its price, as of the latest close, was up 31% compared with the 52-week low and was 17% below the 52-week high. Abnormal trading volume of Kinder Morgan was found reaching 40.81 million shares, 10 times heavier than usual day trading. Kinder Morgan, who owns and manages a diversified portfolio of energy transportation and storage assets, has a market capitalization of US$39.09 billion. Investors may want to find out where KMI will go from here. Observing comprehensive Kinder Morgan earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101512A/KMI/KinderMorgan.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:

Valero Energy Corporation (NYSE:VLO):

Read Full Report: http://www.earningforecast.com/PR/101512A/VLO/ValeroEnergy.pdf

Fifth Third Bancorp (NASDAQ:FITB):

Read Full Report: http://www.earningforecast.com/PR/101512A/FITB/FifthThirdBancorp.pdf

Corning Incorporated (NYSE:GLW):

Read Full Report: http://www.earningforecast.com/PR/101512A/GLW/Corning.pdf

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

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