Truist Financial Issues Positive Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price

Key Points

• Truist Financial raised Wells Fargo’s price target to $95 from $94 and maintained a “buy” rating, implying 18.35% potential upside. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $99.92.
• Wells Fargo exceeded quarterly expectations, reporting $1.96 in EPS versus the $1.73 consensus and $22.62 billion in revenue versus $21.86 billion expected; revenue increased 8.6% year over year.
• While recent credit-rating and regulatory developments are positive, Wells Fargo faces potential pressure from higher-for-longer interest rates, which could weigh on credit demand, mortgage activity and bond portfolios.

Wells Fargo & Company (NYSE:WFC) had its target price increased by Truist Financial from $94.00 to $95.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Truist Financial's price objective would indicate a potential upside of 18.35% from the company's current price.

A number of other equities research analysts have also recently issued reports on WFC. HSBC assumed coverage on shares of Wells Fargo & Company in a research note on Monday. They issued a "buy" rating and a $108.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Robert W. Baird lifted their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Morgan Stanley boosted their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Monday, June 29th. Finally, Bank of America raised their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $99.92.

Wells Fargo & Company Stock Down 0.3%

NYSE:WFC opened at $80.27 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. The company's fifty day moving average price is $86.49 and its 200-day moving average price is $82.97. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The firm has a market capitalization of $242.73 billion, a P/E ratio of 11.67, a PEG ratio of 0.88 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.Wells Fargo & Company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, equities research analysts anticipate that Wells Fargo & Company will post 7.25 EPS for the current year.

Institutional Trading of Wells Fargo & Company

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in shares of Wells Fargo & Company by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 583,082 shares of the financial services provider's stock valued at $48,186,000 after purchasing an additional 25,124 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Wells Fargo & Company by 0.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 62,339 shares of the financial services provider's stock valued at $5,152,000 after acquiring an additional 502 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Wells Fargo & Company during the 2nd quarter worth approximately $28,000. Anchor Investment Management LLC boosted its position in shares of Wells Fargo & Company by 22.9% during the 2nd quarter. Anchor Investment Management LLC now owns 17,232 shares of the financial services provider's stock worth $1,424,000 after purchasing an additional 3,216 shares during the period. Finally, Smith Chas P & Associates PA Cpas acquired a new position in Wells Fargo & Company during the second quarter worth $241,000. Hedge funds and other institutional investors own 75.90% of the company's stock.

Key Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: S&P upgraded Wells Fargo’s credit rating to A- from BBB+. The ratings agency cited progress in governance, risk management and operational oversight following the Federal Reserve’s 2025 removal of the bank’s asset cap. The upgrade could reduce funding costs and reinforce confidence in management’s ability to grow the balance sheet. S&P upgrades Wells Fargo following risk management overhauls
• Positive Sentiment: The Federal Reserve is revising bank stress tests to reduce volatility in capital requirements and improve planning visibility. A more predictable process could help Wells Fargo and other large banks manage capital returns, lending and shareholder distributions more efficiently. Fed Revamps Bank Stress Tests
• Positive Sentiment: Wells Fargo renewed and expanded its relationship with Intercontinental Exchange NYSE: ICE to use ICE’s mortgage-loan servicing platform across its full home-loan servicing portfolio. The agreement supports operational continuity and mortgage-servicing efficiency, although financial details were not disclosed. ICE Expands Agreement with Wells Fargo
• Neutral Sentiment: Analysts expect Wells Fargo’s third-quarter earnings to show single-digit growth, while recent results exceeded consensus estimates. However, commentary describes the stock as fairly valued or requiring more than an earnings beat to become attractive. Earnings Preview
• Negative Sentiment: Wells Fargo researchers warned that interest rates could remain elevated through 2027 because of persistent inflation. Higher-for-longer rates could weigh on credit demand, mortgage activity and bond portfolios, creating a headwind for bank earnings. Wells Fargo Warns Rates Could Stay Higher Through 2027

Wells Fargo & Company Company Profile

Wells Fargo & Company NYSE: WFC is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.

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