Seaport Res Ptn Has Pessimistic Outlook of WFC Q2 Earnings

Wells Fargo & Company (NYSE:WFC - Free Report) - Equities research analysts at Seaport Res Ptn cut their Q2 2025 EPS estimates for Wells Fargo & Company in a note issued to investors on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $1.41 for the quarter, down from their previous estimate of $1.44. The consensus estimate for Wells Fargo & Company's current full-year earnings is $5.89 per share.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.16. The business had revenue of $20.15 billion during the quarter, compared to the consensus estimate of $20.82 billion. Wells Fargo & Company had a net margin of 16.19% and a return on equity of 12.15%. Wells Fargo & Company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS.

Other equities research analysts have also recently issued reports about the company. Phillip Securities raised Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, April 14th. Royal Bank Of Canada upgraded Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Thursday, March 13th. Truist Financial reduced their price target on shares of Wells Fargo & Company from $84.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup restated a "neutral" rating on shares of Wells Fargo & Company in a research report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $86.00 target price on shares of Wells Fargo & Company in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.33.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $81.67 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50-day moving average of $75.81 and a 200-day moving average of $73.64. The company has a market capitalization of $265.77 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.38 and a beta of 1.16. Wells Fargo & Company has a 52 week low of $50.15 and a 52 week high of $83.95.

Institutional Investors Weigh In On Wells Fargo & Company

Several large investors have recently added to or reduced their stakes in WFC. CBIZ Investment Advisory Services LLC raised its stake in Wells Fargo & Company by 585.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 377 shares of the financial services provider's stock worth $27,000 after buying an additional 322 shares during the period. Investment Counsel Co. of Nevada acquired a new position in Wells Fargo & Company during the fourth quarter worth $28,000. BNP Paribas bought a new position in shares of Wells Fargo & Company in the fourth quarter valued at $28,000. Accent Capital Management LLC acquired a new position in shares of Wells Fargo & Company during the first quarter valued at about $29,000. Finally, Motco increased its position in shares of Wells Fargo & Company by 397.6% during the first quarter. Motco now owns 408 shares of the financial services provider's stock worth $29,000 after acquiring an additional 326 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company's stock.

Wells Fargo & Company announced that its Board of Directors has approved a share repurchase program on Tuesday, April 29th that authorizes the company to buyback $40.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 17.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 9th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, May 9th. Wells Fargo & Company's dividend payout ratio is 28.73%.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

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