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Seaport Res Ptn Issues Positive Estimate for WFC Earnings

Wells Fargo & Company logo with Finance background

Wells Fargo & Company (NYSE:WFC - Free Report) - Stock analysts at Seaport Res Ptn raised their Q3 2025 EPS estimates for Wells Fargo & Company in a research note issued on Tuesday, July 8th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.55 per share for the quarter, up from their prior forecast of $1.52. The consensus estimate for Wells Fargo & Company's current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company's Q1 2026 earnings at $1.45 EPS, Q2 2026 earnings at $1.73 EPS, Q3 2026 earnings at $1.83 EPS, Q4 2026 earnings at $1.84 EPS and FY2026 earnings at $6.85 EPS.

A number of other equities analysts also recently commented on the company. Phillip Securities raised Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, April 14th. Morgan Stanley upped their price target on Wells Fargo & Company from $77.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Evercore ISI reissued an "outperform" rating on shares of Wells Fargo & Company in a report on Tuesday. Citigroup reissued a "neutral" rating on shares of Wells Fargo & Company in a report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $86.00 price target on shares of Wells Fargo & Company in a report on Tuesday. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.98.

Read Our Latest Stock Analysis on WFC

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock opened at $81.78 on Thursday. Wells Fargo & Company has a one year low of $50.15 and a one year high of $83.95. The company has a market cap of $266.13 billion, a PE ratio of 14.68, a P/E/G ratio of 1.37 and a beta of 1.16. 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 business has a 50-day simple moving average of $76.03 and a 200-day simple moving average of $73.70.

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

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

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Investors of record on Friday, May 9th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.96%. Wells Fargo & Company's dividend payout ratio (DPR) is presently 28.73%.

Hedge Funds Weigh In On Wells Fargo & Company

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Wells Fargo & Company by 2,735,254.3% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949,769,723 shares of the financial services provider's stock valued at $76,095,550,000 after purchasing an additional 949,735,001 shares in the last quarter. Norges Bank acquired a new stake in Wells Fargo & Company during the 4th quarter valued at $3,365,658,000. Northern Trust Corp increased its holdings in Wells Fargo & Company by 10.7% during the 4th quarter. Northern Trust Corp now owns 34,339,295 shares of the financial services provider's stock valued at $2,411,992,000 after purchasing an additional 3,307,855 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Wells Fargo & Company by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 20,497,429 shares of the financial services provider's stock valued at $1,471,259,000 after purchasing an additional 128,207 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Wells Fargo & Company by 932.0% during the 4th quarter. Capital Research Global Investors now owns 15,734,874 shares of the financial services provider's stock valued at $1,105,218,000 after purchasing an additional 14,210,193 shares in the last quarter. Institutional investors own 75.90% of the company's stock.

About Wells Fargo & Company

(Get Free Report)

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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Earnings History and Estimates for Wells Fargo & Company (NYSE:WFC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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