NYSE:WFC Wells Fargo & Company (WFC) Stock Forecast, Price & News $41.23 +0.33 (+0.81%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$40.76▼$41.5250-Day Range$36.23▼$42.2452-Week Range$35.25▼$48.84Volume17.40 million shsAverage Volume23.67 million shsMarket Capitalization$154.70 billionP/E Ratio11.81Dividend Yield2.91%Price Target$49.45 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Wells Fargo & Company MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside19.9% Upside$49.45 Price TargetShort InterestHealthy0.91% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.35Upright™ Environmental ScoreNews Sentiment0.58Based on 5 Articles This WeekInsider TradingAcquiring Shares$1,451 Bought Last QuarterProj. Earnings Growth-0.84%From $4.79 to $4.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.00 out of 5 starsFinance Sector134th out of 902 stocksNational Commercial Banks Industry22nd out of 86 stocks 3.3 Analyst's Opinion Consensus RatingWells Fargo & Company has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $49.45, Wells Fargo & Company has a forecasted upside of 19.9% from its current price of $41.23.Amount of Analyst CoverageWells Fargo & Company has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.91% of the float of Wells Fargo & Company has been sold short.Short Interest Ratio / Days to CoverWells Fargo & Company has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Wells Fargo & Company has recently decreased by 2.67%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldWells Fargo & Company pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthWells Fargo & Company has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Wells Fargo & Company is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 25.26% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreWells Fargo & Company has received a 14.12% net impact score from Upright. Wells Fargo seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Life annuities", and "Commercial deposit accounts" products. See details.Environmental SustainabilityThe Environmental Impact score for Wells Fargo & Company is -0.35. Previous Next 1.4 News and Social Media Coverage News SentimentWells Fargo & Company has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Wells Fargo & Company this week, compared to 24 articles on an average week.Search InterestOnly 118 people have searched for WFC on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat FollowsOnly 22 people have added Wells Fargo & Company to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Wells Fargo & Company insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,451.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.07% of the stock of Wells Fargo & Company is held by insiders.Percentage Held by Institutions72.24% of the stock of Wells Fargo & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Wells Fargo & Company are expected to decrease by -0.84% in the coming year, from $4.79 to $4.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Wells Fargo & Company is 11.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Wells Fargo & Company is 11.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 147.44.Price to Earnings Growth RatioWells Fargo & Company has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioWells Fargo & Company has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Wells Fargo & Company (NYSE:WFC) StockWells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage products and services, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment offers banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment offers corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth & Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. The comRead More Receive WFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Wells Fargo & Company and its competitors with MarketBeat's FREE daily newsletter. Email Address WFC Stock News HeadlinesMay 23, 2023 | marketbeat.com3 Large Banks Presenting Value Opportunities After Sector Selloff (WFC)Regional bank failures impacted the broad financials sector, but large-caps Bank of America, Wells Fargo, and U.S. Bancorp are showing value opportunities.May 16, 2023 | marketbeat.comWells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuitWells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholdersMay 29, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...May 25, 2023 | finance.yahoo.comHigh School Teams Earn National Honors in America's Top Economics CompetitionMay 24, 2023 | finance.yahoo.comWells Fargo to Present at the 39th Annual Bernstein Strategic Decisions ConferenceMay 22, 2023 | msn.comWells Fargo opens a new branch in Fort Mill areaMay 22, 2023 | msn.comWells Fargo lays off West Des Moines employees in second round of recent layoffsMay 21, 2023 | finance.yahoo.comWells Fargo, Bank of America Make Move Customers Will HateMay 29, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 21, 2023 | americanbankingnews.comAnalysts Set Wells Fargo & Company (NYSE:WFC) PT at $49.29May 20, 2023 | news.yahoo.comWells Fargo opens a new branch in Fort MillMay 20, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on Wells Fargo & Company (NYSE:WFC)May 19, 2023 | seekingalpha.comWells Fargo & Company Deposit Shs A Repr Red Non-Cum Pfd Reg Shs A Ser Y declares $0.3515 dividendMay 19, 2023 | msn.comWells Fargo & Company DP PF CL A SR Z declares $0.2969 dividendMay 19, 2023 | finance.yahoo.comCharlotte's 40 Under 40: Simón Muñoz-Alvarez, Wells Fargo & Co.May 18, 2023 | bizjournals.comRI to get bite of Wells Fargo securities settlementMay 18, 2023 | bizjournals.comWells Fargo expands Fort Mill footprint by opening third branchMay 17, 2023 | bizjournals.comWells Fargo agrees to $1B settlement for class-action lawsuitMay 17, 2023 | finance.yahoo.comExposing the Financial Impacts of Climate Change on Households With Low IncomeMay 17, 2023 | finance.yahoo.comThose who invested in Wells Fargo (NYSE:WFC) three years ago are up 70%May 17, 2023 | msn.comWells Fargo reaches $1 billion shareholder settlement over recovery from scandalsMay 16, 2023 | bizjournals.comWells Fargo to pay $1B to settle shareholder lawsuit over recovery from scandalsMay 16, 2023 | bizjournals.comCBJ Buzz: Wells Fargo agrees to $1B settlement for class-action lawsuit; Yelp names top breweries in CarolinasMay 16, 2023 | msn.comWells Fargo to pay $1B to settle shareholder lawsuit over slew of scandalsMay 16, 2023 | nbcnews.comWells Fargo will pay $1 billion to settle accusations of defrauding shareholdersMay 16, 2023 | msn.comWells Fargo resolves shareholder suit with $1 billion paymentMay 16, 2023 | finance.yahoo.comTimeline: Wells Fargo's Biggest Legal SettlementsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Wells Fargo & Company and its competitors with MarketBeat's FREE daily newsletter. Email Address WFC Company Calendar Ex-Dividend for 3/1 Dividend2/02/2023Dividend Payable3/01/2023Last Earnings4/14/2023Ex-Dividend for 6/1 Dividend5/04/2023Today5/29/2023Dividend Payable6/01/2023Next Earnings (Estimated)7/21/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryDiversified Banks SectorFinance Current SymbolNYSE:WFC CUSIP94974610 CIK72971 Webwww.wellsfargo.com Phone(866) 249-3302Fax302-636-5454Employees238,000Year Founded1852Price Target and Rating Average Stock Price Forecast$49.45 High Stock Price Forecast$63.00 Low Stock Price Forecast$42.00 Forecasted Upside/Downside+19.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$3.49 Trailing P/E Ratio11.81 Forward P/E Ratio8.61 P/E Growth0.84Net Income$13.18 billion Net Margins15.93% Pretax Margin17.74% Return on Equity10.07% Return on Assets0.86% Debt Debt-to-Equity Ratio1.06 Current Ratio0.83 Quick Ratio0.83 Sales & Book Value Annual Sales$82.86 billion Price / Sales1.87 Cash Flow$5.25 per share Price / Cash Flow7.85 Book Value$42.63 per share Price / Book0.97Miscellaneous Outstanding Shares3,752,220,000Free Float3,749,596,000Market Cap$154.70 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesCharlie ScharfPresident, Chief Executive Officer & DirectorScott E. PowellChief Operating Officer & Senior Executive VPMichael P. SantomassimoChief Financial Officer & Senior Executive VPTracy KerrinsHead-TechnologyPaula DominickChief Compliance OfficerKey CompetitorsU.S. BancorpNYSE:USBCitigroupNYSE:CBank of AmericaNYSE:BACUBS GroupNYSE:UBSThe PNC Financial Services GroupNYSE:PNCView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 94,242 shares on 5/26/2023Ownership: 0.023%Alterna Wealth Management Inc.Sold 1,355 shares on 5/26/2023Ownership: 0.000%Empower Advisory Group LLCBought 18,330 shares on 5/25/2023Ownership: 0.000%Old North State Trust LLCBought 1,661 shares on 5/24/2023Ownership: 0.001%Front Row Advisors LLCSold 484 shares on 5/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions WFC Stock - Frequently Asked Questions Should I buy or sell Wells Fargo & Company stock right now? 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WFC shares. View WFC analyst ratings or view top-rated stocks. What is Wells Fargo & Company's stock price forecast for 2023? 15 Wall Street analysts have issued twelve-month price targets for Wells Fargo & Company's stock. Their WFC share price forecasts range from $42.00 to $63.00. On average, they anticipate the company's share price to reach $49.45 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price. View analysts price targets for WFC or view top-rated stocks among Wall Street analysts. How have WFC shares performed in 2023? Wells Fargo & Company's stock was trading at $41.29 at the beginning of the year. Since then, WFC shares have decreased by 0.1% and is now trading at $41.23. View the best growth stocks for 2023 here. When is Wells Fargo & Company's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, July 21st 2023. View our WFC earnings forecast. How were Wells Fargo & Company's earnings last quarter? Wells Fargo & Company (NYSE:WFC) issued its earnings results on Friday, April, 14th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.15 by $0.08. The financial services provider had revenue of $20.73 billion for the quarter, compared to analyst estimates of $20.06 billion. Wells Fargo & Company had a net margin of 15.93% and a trailing twelve-month return on equity of 10.07%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. Read the conference call transcript. How often does Wells Fargo & Company pay dividends? What is the dividend yield for Wells Fargo & Company? Wells Fargo & Company announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Friday, May 5th will be given a dividend of $0.30 per share on Thursday, June 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, May 4th. Read our dividend analysis for WFC. What ETFs hold Wells Fargo & Company's stock? ETFs with the largest weight of Wells Fargo & Company (NYSE:WFC) stock in their portfolio include Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Davis Select U.S. Equity ETF (DUSA), Davis Select Financial ETF (DFNL), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Davis Select Worldwide ETF (DWLD), Gabelli Financial Services Opportunities ETF (GABF) and Alpha Intelligent - Large Cap Value ETF (AILV). Is Wells Fargo & Company a good dividend stock? Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.91%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 25.26% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for WFC. What is Charlie Scharf's approval rating as Wells Fargo & Company's CEO? 1,413 employees have rated Wells Fargo & Company Chief Executive Officer Charlie Scharf on Glassdoor.com. Charlie Scharf has an approval rating of 67% among the company's employees. What other stocks do shareholders of Wells Fargo & Company own? Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Company investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Intel (INTC), General Electric (GE), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO). What is Wells Fargo & Company's stock symbol? Wells Fargo & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC." Who are Wells Fargo & Company's major shareholders? Wells Fargo & Company's stock is owned by a number of retail and institutional investors. Top institutional investors include Dodge & Cox (3.21%), Price T Rowe Associates Inc. MD (2.35%), Geode Capital Management LLC (1.83%), Bank of New York Mellon Corp (0.83%), Davis Selected Advisers (0.81%) and Sanders Capital LLC (0.63%). Insiders that own company stock include Beurden Saul Van, Felicia F Norwood and Kleber Santos. View institutional ownership trends. How do I buy shares of Wells Fargo & Company? Shares of WFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Wells Fargo & Company's stock price today? One share of WFC stock can currently be purchased for approximately $41.23. How much money does Wells Fargo & Company make? Wells Fargo & Company (NYSE:WFC) has a market capitalization of $154.70 billion and generates $82.86 billion in revenue each year. The financial services provider earns $13.18 billion in net income (profit) each year or $3.49 on an earnings per share basis. How many employees does Wells Fargo & Company have? The company employs 238,000 workers across the globe. Does Wells Fargo & Company have any subsidiaries? The following companies are subsidiares of Wells Fargo & Company: Castle Pines Capital, EVEREN Capital Corporation, Merlin Securities, NVP Associates LLC, Norwest Venture Partners XII LP, Norwest Venture Partners XIII LP, Norwest Venture Partners XIV LP, Norwest Venture Partners XV LP, OmniPlus Capital Corporation, Peony Asset Management Inc., Ragen Mackenzie, Silver Asset Management Inc., WFC Holdings LLC, Wachovia Corporation, Wells Fargo Bank National Association, Wells Fargo Clearing Services LLC, Wells Fargo Equipment Finance Inc., Wells Fargo Funding LLC, Wells Fargo International Solutions Private Limited, Wells Fargo Municipal Capital Strategies LLC, Wells Fargo National Bank West, and Wells Fargo Securities LLC.Read More How can I contact Wells Fargo & Company? Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The official website for the company is www.wellsfargo.com. The financial services provider can be reached via phone at (866) 249-3302, via email at investorrelations@wellsfargo.com, or via fax at 302-636-5454. This page (NYSE:WFC) was last updated on 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Wells Fargo & Company Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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