Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Money Center Banks
- Sub-Industry: Diversified Banks
- Symbol: NYSE:WFC
- CUSIP: 94974610
- Web: www.wellsfargo.com
- Market Cap: $261.91 billion
- Outstanding Shares: 4,997,317,000
- 50 Day Moving Avg: $53.68
- 200 Day Moving Avg: $55.06
- 52 Week Range: $43.55 - $59.99
Sales & Book Value:
- Trailing P/E Ratio: 13.10
- Foreward P/E Ratio: 11.67
- P/E Growth: 1.54
- Annual Revenue: $84.83 billion
- Price / Sales: 3.09
- Book Value: $35.73 per share
- Price / Book: 1.47
- Annual Dividend: $1.52
- Dividend Yield: 2.9%
- Net Margins: 23.30%
- Return on Equity: 12.60%
- Return on Assets: 1.17%
- Debt-to-Equity Ratio: 1.45%
- Current Ratio: 0.92%
- Quick Ratio: 0.90%
- Average Volume: 18.47 million shs.
- Beta: 0.98
- Short Ratio: 1.83
Frequently Asked Questions for Wells Fargo & Co (NYSE:WFC)
What is Wells Fargo & Co's stock symbol?
Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
How often does Wells Fargo & Co pay dividends? What is the dividend yield for Wells Fargo & Co?
Wells Fargo & Co declared a quarterly dividend on Tuesday, April 25th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.38 per share on Thursday, June 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, May 3rd. View Wells Fargo & Co's Dividend History.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) posted its earnings results on Thursday, April, 13th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. The firm had revenue of $22 billion for the quarter, compared to analysts' expectations of $22.25 billion. Wells Fargo & Co had a net margin of 23.30% and a return on equity of 12.60%. Wells Fargo & Co's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. View Wells Fargo & Co's Earnings History.
When will Wells Fargo & Co make its next earnings announcement?
Where is Wells Fargo & Co's stock going? Where will Wells Fargo & Co's stock price be in 2017?
32 equities research analysts have issued 1 year price objectives for Wells Fargo & Co's shares. Their forecasts range from $40.00 to $65.00. On average, they anticipate Wells Fargo & Co's stock price to reach $55.07 in the next twelve months. View Analyst Ratings for Wells Fargo & Co.
What are analysts saying about Wells Fargo & Co stock?
Here are some recent quotes from research analysts about Wells Fargo & Co stock:
- 1. Credit Suisse Group AG analysts commented, "Our 2017 and 2018 estimates are $4.15 and 4.45 per share, respectively (consensus is at $4.19/4.58); base case estimate risk/sensitivity is driven by more or less movement in interest rates (we're assuming one 25bps rate hike in each of 2017 and 2018 with the 10-year Treasury hovering ~2.50%), commercial credit trends (later in the cycle), and capital markets conditions." (2/16/2017)
- 2. According to Zacks Investment Research, "Wells Fargo’s shares underperformed the Zacks categorized Regional Banks-Major industry over the last one year. Though troubles intensified following the bank’s $190-million settlement to resolve regulators’ claims of illegally opening millions of unauthorized accounts, the company’s fourth-quarter 2016 earnings outpaced the Zacks Consensus Estimate as well as the prior-year quarter’s earnings. Strong loans and deposit balances, along with elevated interest income aided the results. However, higher expenses and lower non-interest income remained a concern. While the current crisis at the company will take some time to alleviate, we believe that continued growth in loans and deposits and expansion moves should support its growth profile. Also, the company raised its prime lending rate to 3.75%, following Fed interest rate hike to 0.50%–0.75%, which is likely to alleviate margin pressure in the coming period." (2/6/2017)
- 3. FBR & Co analysts commented, "Wells Fargo reported 4Q16 GAAP EPS of $0.96, missing FBR's estimate of $1.01 and the Street estimate of $1.00. Wells had a disappointing fourth quarter as a combination of hedging inefficiencies, low mortgage banking revenue, and losses from trading all weighed on earnings. The company estimates that its hedges on long-term debt alone cost it $0.07 on GAAP EPS this quarter. On a positive note, Wells displayed its ability to take full advantage of its asset sensitive balance sheet in a rising rate environment by tacking on 5 bps to NIM while net interest income rose 3.8% quarter over quarter. As far as the retail sales practice scandal goes, the company has taken on various initiatives to rebuild customer trust, which has shown signs of improvement, but is still nowhere near revitalized. Overall, this wasn't the best quarter for Wells as the scandal continued to cast a shadow on retail confidence and non-interest revenues looked sluggish. That said, we see tailwinds in the company's near future from interest rates and Washington policies, which should propel Wells forward. We maintain our Market Perform rating and price target of $55." (1/17/2017)
Who are some of Wells Fargo & Co's key competitors?
Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America Corp (BAC), Citigroup (C), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Mitsubishi UFJ Financial Group (MTU), Bank of Nova Scotia (BNS), PNC Financial Services Group (PNC), Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CM), ICICI Bank Ltd (IBN), SunTrust Banks (STI), First Republic Bank (FRC), Credicorp (BAP), Comerica Incorporated (CMA), Banco Santander-Chile (BSAC), City National Corp (CYN) and Home Bancshares (HOMB).
Who are Wells Fargo & Co's key executives?
Wells Fargo & Co's management team includes the folowing people:
- Timothy J. Sloan, President, Chief Executive Officer, Chief Operating Officer, Director
- John R. Shrewsberry, Chief Financial Officer, Senior Executive Vice President
- Hope A. Hardison, Executive Vice President, Chief Administrative Officer and Human Resources Director
- Michael J. Loughlin, Senior Executive Vice President, Chief Risk Officer
- C Allen Parker, Senior Executive Vice President, General Counsel
- Richard D. Levy, Executive Vice President, Controller
- David M. Carroll, Senior Executive Vice President - Wealth and Investment Management
- Franklin R. Codel, Senior Executive Vice President - Consumer Lending
- Mary T. Mack, Senior Executive Vice President - Community Banking
- Avid Modjtabai, Senior Executive Vice President - Payments, Virtual Solutions and Innovation
Who owns Wells Fargo & Co stock?
Wells Fargo & Co's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.23%), Wellington Management Group LLP (1.95%), State Farm Mutual Automobile Insurance Co. (1.10%), Massachusetts Financial Services Co. MA (0.95%), Geode Capital Management LLC (0.90%) and Barrow Hanley Mewhinney & Strauss LLC (0.69%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll, James H Quigley, James M Strother, Lloyd H Dean, Michael J Loughlin, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Institutional Ownership Trends for Wells Fargo & Co.
Who sold Wells Fargo & Co stock? Who is selling Wells Fargo & Co stock?
Wells Fargo & Co's stock was sold by a variety of institutional investors in the last quarter, including ZWJ Investment Counsel Inc., Advantus Capital Management Inc, Wellington Management Group LLP, CI Global Investments Inc., Parnassus Investments CA, TIAA CREF Investment Management LLC, Steadfast Capital Management LP and Vontobel Asset Management Inc.. Company insiders that have sold Wells Fargo & Co stock in the last year include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll and Timothy J Sloan. View Insider Buying and Selling for Wells Fargo & Co.
Who bought Wells Fargo & Co stock? Who is buying Wells Fargo & Co stock?
Wells Fargo & Co's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Lansdowne Partners UK LLP, Winslow Capital Management LLC, Canada Pension Plan Investment Board, Geode Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Boston Partners and Morningstar Investment Services LLC. Company insiders that have bought Wells Fargo & Co stock in the last two years include James H Quigley, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Insider Buying and Selling for Wells Fargo & Co.
How do I buy Wells Fargo & Co stock?
Shares of Wells Fargo & Co can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Wells Fargo & Co's stock price today?
MarketBeat Community Rating for Wells Fargo & Co (NYSE WFC)MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Co and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Wells Fargo & Co stock can currently be purchased for approximately $52.41.
Consensus Ratings for Wells Fargo & Co (NYSE:WFC) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||5 Sell Ratings, 11 Hold Ratings, 15 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Hold (Score: 2.38)|
|Consensus Price Target: ||$55.07 (5.08% upside)|
Analysts' Ratings History for Wells Fargo & Co (NYSE:WFC)
(Data available from 5/29/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|5/19/2017||Keefe, Bruyette & Woods||Set Price Target||Buy||$62.00||Low|
|5/12/2017||Evercore ISI||Lower Price Target||Outperform||$60.00 -> $58.00||Low|
|5/8/2017||Jefferies Group LLC||Reiterated Rating||Hold||$62.00||Low|
|4/25/2017||Guggenheim||Upgrade||Sell -> Neutral||$54.04 -> $53.65||Medium|
|4/19/2017||Instinet||Lower Price Target||Buy||$65.00 -> $64.00||Low|
|4/18/2017||Piper Jaffray Companies||Lower Price Target||Neutral||$55.00 -> $52.00||Low|
|4/14/2017||Credit Suisse Group AG||Reiterated Rating||Outperform||$36.00 -> $40.00||N/A|
|4/12/2017||Rafferty Capital Markets||Downgrade||Hold -> Sell||$62.00 -> $54.50||Medium|
|4/11/2017||Sandler O'Neill||Reiterated Rating||Hold||$59.00||Medium|
|1/18/2017||Argus||Downgrade||Buy -> Hold||$53.00 -> $53.78||N/A|
|1/17/2017||FBR & Co||Reiterated Rating||Market Perform||$55.00||N/A|
|1/11/2017||Raymond James Financial, Inc.||Reiterated Rating||Sell||N/A|
|1/11/2017||Oppenheimer Holdings Inc.||Reiterated Rating||Hold||N/A|
|1/11/2017||BMO Capital Markets||Reiterated Rating||Sell||$50.00||N/A|
|1/11/2017||Susquehanna Bancshares Inc||Reiterated Rating||Hold||N/A|
|1/11/2017||Pacific Crest||Reiterated Rating||Hold||N/A|
|1/11/2017||JPMorgan Chase & Co.||Reiterated Rating||Hold||N/A|
|1/11/2017||Royal Bank of Canada||Reiterated Rating||Buy||$52.00||N/A|
|1/11/2017||Morgan Stanley||Reiterated Rating||Buy||$53.00||N/A|
|1/11/2017||Bank of America Corp||Reiterated Rating||Buy||$50.00||N/A|
|1/11/2017||Deutsche Bank AG||Reiterated Rating||Buy||$50.00||N/A|
|1/10/2017||Citigroup Inc||Reiterated Rating||Buy||$51.00 -> $62.00||N/A|
|1/10/2017||Barclays PLC||Reiterated Rating||Buy||$65.00||N/A|
|1/10/2017||Robert W. Baird||Reiterated Rating||Buy||$58.00||N/A|
|9/23/2016||Goldman Sachs Group Inc||Reiterated Rating||Buy||$56.00||N/A|
|9/16/2016||Atlantic Securities||Downgrade||Neutral -> Underweight||$46.15 -> $44.00||N/A|
|7/18/2016||Drexel Hamilton||Reiterated Rating||Buy||N/A|
|7/13/2016||Berenberg Bank||Initiated Coverage||Hold||$45.00||N/A|
|2/26/2016||Sanford C. Bernstein||Lower Price Target||$57.00 -> $55.00||N/A|
|1/19/2016||Societe Generale||Lower Price Target||Sell||$51.00 -> $47.00||N/A|
|1/19/2016||Compass Point||Lower Price Target||Neutral||$55.00 -> $54.00||N/A|
|8/13/2015||S&P Equity Research||Reiterated Rating||Buy||$62.00||N/A|
Earnings History for Wells Fargo & Co (NYSE:WFC)Earnings History by Quarter for Wells Fargo & Co (NYSE:WFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/14/2017|| || || || || || || || |
|4/13/2017||Q1 2017||$0.97||$1.00||$22.25 billion||$22.00 billion||View||N/A|
|1/13/2017||Q416||$1.00||$0.96||$22.42 billion||$21.58 billion||View||N/A|
|10/14/2016||Q316||$1.01||$1.03||$22.02 billion||$22.33 billion||View||Listen|
|7/15/2016||Q216||$1.01||$1.01||$22.23 billion||$22.16 billion||View||Listen|
|4/14/2016||Q116||$0.98||$0.99||$21.70 billion||$22.20 billion||View||Listen|
|1/15/2016||Q415||$1.02||$1.03||$21.70 billion||$21.59 billion||View||Listen|
|10/14/2015||Q315||$1.04||$1.05||$21.75 billion||$21.88 billion||View||Listen|
|7/14/2015||Q215||$1.03||$1.03||$21.69 billion||$21.32 billion||View||Listen|
|4/14/2015||Q115||$0.98||$1.04||$21.14 billion||$21.28 billion||View||N/A|
|1/14/2015||Q414||$1.02||$1.02||$21.29 billion||$21.40 billion||View||N/A|
|10/14/2014||Q314||$1.02||$1.02||$21.06 billion||$21.20 billion||View||Listen|
|7/11/2014||Q2 14||$1.01||$1.01||$20.76 billion||$21.10 billion||View||N/A|
|4/11/2014||Q114||$0.96||$1.05||$20.60 billion||$20.60 billion||View||N/A|
|1/13/2014||Q413||$0.98||$1.00||$20.63 billion||$20.70 billion||View||N/A|
|10/11/2013||Q313||$0.97||$0.99||$21.00 billion||$20.50 billion||View||N/A|
|7/12/2013||Q2 2013||$0.93||$0.98||$21.21 billion||$21.40 billion||View||N/A|
|4/12/2013||Q1 2013||$0.88||$0.92||$21.59 billion||$21.26 billion||View||N/A|
|1/11/2013||Q4 2012||$0.90||$0.91||$21.29 billion||$21.90 billion||View||N/A|
|10/12/2012||Q312||$0.87||$0.88||$21.47 billion||$21.20 billion||View||N/A|
Earnings Estimates for Wells Fargo & Co (NYSE:WFC)
2017 EPS Consensus Estimate: $4.17
2018 EPS Consensus Estimate: $4.37
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Wells Fargo & Co (NYSE:WFC)
|Dividend Growth:||9.60% (3 Year Average)|
|Payout Ratio:||38.10% (Trailing 12 Months of Earnings) |
36.54% (Based on This Year's Estimates)
33.85% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Wells Fargo & Co (NYSE:WFC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Wells Fargo & Co (NYSE:WFC)
Insider Ownership Percentage: 0.29%Insider Trades by Quarter for Wells Fargo & Co (NYSE:WFC)
Institutional Ownership Percentage: 73.25%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/5/2017||Ronald Sargent||Director||Buy||9,050||$55.15||$499,107.50|| |
|4/28/2017||Avid Modjtabai||Insider||Sell||100,000||$54.21||$5,421,000.00|| |
|4/17/2017||Stephen W Sanger||Director||Buy||58,342||$51.65||$3,013,364.30|| |
|4/17/2017||Timothy J Sloan||CEO||Buy||39,000||$51.65||$2,014,350.00|| |
|3/3/2017||David M Carroll||Insider||Sell||117,704||$59.02||$6,946,890.08|| |
|8/8/2016||Timothy J Sloan||COO||Sell||20,500||$48.92||$1,002,860.00|| |
|5/3/2016||James H Quigley||Director||Buy||2,000||$49.97||$99,940.00|| |
|4/27/2016||Avid Modjtabai||EVP||Sell||55,000||$50.77||$2,792,350.00|| |
|4/22/2016||David M. Carroll||VP||Sell||62,300||$50.28||$3,132,444.00|| |
|3/11/2016||Lloyd H Dean||Director||Sell||2,210||$49.93||$110,345.30|| |
|3/10/2016||Timothy J Sloan||COO||Sell||10,000||$48.16||$481,600.00|| |
|12/9/2015||Michael J Loughlin||EVP||Sell||20,000||$54.48||$1,089,600.00|| |
|10/22/2015||Timothy J. Sloan||EVP||Sell||24,000||$54.28||$1,302,720.00|| |
|7/23/2015||James M Strother||EVP||Sell||31,000||$58.28||$1,806,680.00|| |
|5/15/2015||Timothy J Sloan||EVP||Sell||50,000||$56.00||$2,800,000.00|| |
|5/8/2015||Kevin A Rhein||EVP||Sell||17,500||$55.27||$967,225.00|| |
|5/4/2015||Michael J Heid||EVP||Sell||18,000||$55.55||$999,900.00|| |
|4/30/2015||Michael J Heid||EVP||Sell||19,000||$55.06||$1,046,140.00|| |
|4/27/2015||Michael J Loughlin||EVP||Sell||19,696||$55.10||$1,085,249.60|| |
|4/21/2015||Michael J Heid||EVP||Sell||18,000||$54.58||$982,440.00|| |
|4/16/2015||Avid Modjtabai||EVP||Sell||70,000||$54.65||$3,825,500.00|| |
|4/16/2015||David M Carroll||VP||Sell||77,000||$54.81||$4,220,370.00|| |
|4/15/2015||James M Strother||EVP||Sell||50,000||$54.80||$2,740,000.00|| |
|4/15/2015||Richard Levy||VP||Sell||95,000||$54.48||$5,175,600.00|| |
|1/23/2015||Timothy J Sloan||EVP||Sell||25,000||$53.51||$1,337,750.00|| |
|12/10/2014||Susan E Engel||Director||Sell||1,964||$54.27||$106,586.28|| |
|11/11/2014||Carrie L Tolstedt||EVP||Sell||219,835||$53.76||$11,818,329.60|| |
|11/7/2014||Avid Modjtabai||EVP||Sell||25,000||$54.10||$1,352,500.00|| |
|11/7/2014||John G Stumpf||CEO||Sell||329,197||$54.05||$17,793,097.85|| |
|11/5/2014||Kevin A Rhein||EVP||Sell||10,000||$53.49||$534,900.00|| |
|11/3/2014||Enrique Hernandez Jr||Director||Sell||7,740||$53.54||$414,399.60|| |
|10/31/2014||James M Strother||EVP||Sell||20,000||$52.91||$1,058,200.00|| |
|10/29/2014||Michael J Loughlin||EVP||Sell||10,000||$51.77||$517,700.00|| |
|9/2/2014||Michael J Loughlin||EVP||Sell||10,000||$51.55||$515,500.00|| |
|4/28/2014||Timothy Sloan||CFO||Sell||80,000||$48.65||$3,892,000.00|| |
|4/21/2014||Richard Levy||VP||Sell||45,000||$49.04||$2,206,800.00|| |
|4/16/2014||Michael Heid||EVP||Sell||28,462||$49.08||$1,396,914.96|| |
|4/15/2014||David Carroll||VP||Sell||71,800||$48.54||$3,485,172.00|| |
|4/15/2014||James Strother||EVP||Sell||50,000||$48.31||$2,415,500.00|| |
|1/24/2014||Timothy Sloan||CFO||Sell||75,000||$45.84||$3,438,000.00|| |
|1/15/2014||Michael Heid||EVP||Sell||3,800||$45.90||$174,420.00|| |
|12/9/2013||Susan Engel||Director||Sell||3,887||$44.27||$172,077.49|| |
|11/25/2013||Michael Heid||EVP||Sell||10,000||$44.44||$444,400.00|| |
|11/8/2013||Lloyd Dean||Director||Sell||6,702||$42.52||$284,969.04|| |
|10/30/2013||John G Stumpf||CEO||Sell||300,000||$43.18||$12,954,000.00|| |
|8/14/2013||James Strother||EVP||Sell||9,307||$43.35||$403,458.45|| |
|8/1/2013||David M Carroll||VP||Sell||79,700||$44.15||$3,518,755.00|| |
|7/31/2013||Avid Modjtabai||EVP||Sell||60,000||$43.71||$2,622,600.00|| |
|7/30/2013||John G Stumpf||CEO||Sell||38,000||$43.26||$1,643,880.00|| |
|7/29/2013||Michael J Heid||EVP||Sell||2,936||$43.29||$127,099.44|| |
|7/26/2013||Michael J Loughlin||EVP||Sell||70,953||$43.52||$3,087,874.56|| |
|7/24/2013||David A Hoyt||EVP||Sell||101,886||$44.60||$4,544,115.60|| |
|7/15/2013||Michael J Heid||EVP||Sell||6,906||$43.07||$297,441.42|| |
|7/15/2013||Richard Levy||VP||Sell||75,000||$43.18||$3,238,500.00|| |
|5/15/2013||Kevin A Rhein||EVP||Sell||70,000||$38.66||$2,706,200.00|| |
|5/9/2013||Michael J Heid||EVP||Sell||3,000||$38.44||$115,320.00|| |
|10/17/2012||Stephen W Sanger||Director||Buy||10,000||$33.96||$339,600.00|| |
Headline Trends for Wells Fargo & Co (NYSE:WFC)
Latest Headlines for Wells Fargo & Co (NYSE:WFC)
Wells Fargo & Co (WFC) Chart for Monday, May, 29, 2017