S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
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Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
NYSE:WFC

Wells Fargo & Company (WFC) Stock Price, News & Analysis

$60.35
+1.61 (+2.74%)
(As of 04/19/2024 08:51 PM ET)
Today's Range
$58.85
$60.85
50-Day Range
$48.25
$60.36
52-Week Range
$36.40
$60.85
Volume
34.33 million shs
Average Volume
18.98 million shs
Market Capitalization
$213.66 billion
P/E Ratio
12.60
Dividend Yield
2.32%
Price Target
$58.85

Wells Fargo & Company MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
2.5% Downside
$58.85 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.53mentions of Wells Fargo & Company in the last 14 days
Based on 51 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.10%
From $5.06 to $5.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.56 out of 5 stars

Finance Sector

152nd out of 847 stocks

National Commercial Banks Industry

21st out of 82 stocks

WFC stock logo

About Wells Fargo & Company Stock (NYSE:WFC)

Wells Fargo & Company is a multinational financial services company that has established itself as a prominent player in the global financial industry. Founded in 1852 and headquartered in San Francisco, California, Wells Fargo operates in 35 countries and serves over 70 million customers worldwide. Its rich history and successful mergers and acquisitions have contributed to its significant global presence.

As a comprehensive financial services provider, Wells Fargo offers a wide range of banking, investment, mortgage, and consumer financial services. The company's mission is to satisfy its customers' financial needs and help them succeed financially. Wells Fargo aims to achieve this by providing exceptional service, acting with integrity, fostering diversity and inclusion, and contributing positively to the communities it serves.

Wells Fargo's extensive product and service portfolio caters to various market segments. The company serves individual consumers, small businesses, corporations, and institutional investors. Its key customers encompass a broad spectrum, ranging from everyday banking customers to high-net-worth individuals and large corporations. Wells Fargo aims to meet the diverse financial needs of its customers through personalized solutions and innovative offerings.

The company has achieved several notable milestones and received recognition for its contributions to the financial industry. Wells Fargo has been ranked as one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. It is also recognized as one of the largest banks in the country by total assets, deposits, and market capitalization. Wells Fargo's commitment to delivering quality financial services has earned it a position among the most valuable bank brands.

Wells Fargo is led by an experienced and capable management team that guides the company's operations and strategic direction. The leadership team consists of individuals with diverse backgrounds and extensive finance, banking, technology, risk management, and customer service expertise. The Chief Executive Officer and President of Wells Fargo is Charles W. Scharf, who brings a wealth of experience in the financial industry. The management team also includes key executives such as Michael J. Santomassimo as the Chief Financial Officer and Scott Powell as the Chief Operating Officer. Each management team member contributes their professional background, accomplishments, and expertise to ensure the company's success.

Wells Fargo has demonstrated consistent financial performance over the years, driven by its diverse business segments and strategic initiatives. The company has reported steady revenue growth, reflecting its ability to attract and retain a large customer base. Wells Fargo's revenue metrics indicate its success in generating income through its various financial services and product offerings.

Earnings metrics illustrate the company's profitability and stability. Wells Fargo's focus on prudent risk management practices and diversified revenue streams contributes to its ability to generate sustainable earnings. Profit margin metrics showcase the efficiency of Wells Fargo's operations. The company's ability to manage costs effectively while generating revenue is key to maintaining healthy profit margins. Debt levels play a significant role in evaluating the company's financial position. Wells Fargo's management strives to maintain a conservative approach to managing debt, ensuring a strong balance sheet and financial stability.

Wells Fargo's valuation metrics are influenced by a range of factors, including its market position, financial performance, growth prospects, risk profile, and investor sentiment. Factors driving Wells Fargo's valuation include its brand recognition, customer base, diversified business segments, and ability to generate consistent earnings. Changes in investor sentiment, market conditions, and regulatory developments can also impact the company's valuation over time.

Investors closely monitor Wells Fargo's stock performance, assessing its ability to deliver value over the long term. The stock has had issues in the past due to news or events that have affected the company's share price, such as regulatory actions, the global pandemic, and strategic initiatives. These factors should be considered in analyzing its market performance.

Wells Fargo operates in the highly competitive financial services industry, which is subject to evolving regulatory frameworks and technological advancements. Understanding the broader industry in which the company operates is crucial to assessing its competitive positioning.

Wells Fargo competes with other major banks and financial institutions domestically and internationally. The company leverages its brand recognition, extensive product and service offerings, customer relationships, and technological capabilities to gain a competitive advantage. However, it also faces challenges such as regulatory compliance, changing customer preferences, and disruptive market forces.

Wells Fargo has identified several growth opportunities within its diverse business segments. The company aims to deepen relationships with existing customers, attract new customers and expand its presence in key markets. In consumer banking, Wells Fargo focuses on enhancing digital capabilities, improving customer experience, and providing innovative solutions to meet evolving customer needs. The company seeks to leverage its strong brand and customer base to drive growth and increase customer loyalty. In wealth and investment management, Wells Fargo aims to capitalize on the growing demand for comprehensive financial planning and advisory services. The company's expertise in wealth management positions it well to capture opportunities in an increasingly complex investment landscape.

As with any financial institution, Wells Fargo faces various risks and challenges. It is important to comprehensively analyze potential risks and challenges to understand their potential impact on the company's performance. Factors such as regulatory changes, cybersecurity threats, economic downturns, and reputational risks pose challenges to Wells Fargo's operations. The company has implemented robust risk management strategies, invested in technology and security measures, and enhanced compliance frameworks to mitigate these risks. Ongoing efforts to prioritize ethical conduct, transparency, and stakeholder trust are integral to managing risks effectively.

WFC Stock Price History

WFC Stock News Headlines

ASML’s Earnings Could Bring The Stock to New Highs (WFC)
ASML stock is calling the shots this earnings season, with EPS projections and valuations calling for a potentially new high price for the name.
JPMorgan reports 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls
JPMorgan Chase reported a modest 6% rise in first quarter profits on Friday, as the major banks start reporting their quarter results for the first quarter
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
This Week: Consumer prices, Fed meeting minutes and earnings reports from several big banks
The Labor Department releases its March report on prices at the consumer level Wednesday
Low Interest Rates Can Help These Commercial Banks Rally Higher
Every cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a new direction. Banking stocks could be the first to move, as they are tied to the financial pulse of the economy.
Low Interest Rates Can Help These Commercial Banks Rally Higher (WFC)
Two banking stocks stood out as market favorites as lower interest rates could bring their valuations higher, overpaying for a good thing could be profitable
Apple Faces DOJ Scrutiny, but Not These 3 Under the Radar Names (WFC)
As the government focuses on big tech for its legal persecutions, three smaller names become potential buys to stay out of trouble, analysts love them today
Wells Fargo: Limited Upside In 2024
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.
The 3 Best Bank Stocks to Buy on Q1 Earnings Results
TradeSun Announces an Agreement With Wells Fargo
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/01/2024
Dividend Payable
3/01/2024
Last Earnings
4/12/2024
Today
4/21/2024
Next Earnings (Estimated)
7/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Diversified Banks
CUSIP
94974610
Employees
226,000
Year Founded
1852

Price Target and Rating

Average Stock Price Target
$58.85
High Stock Price Target
$67.00
Low Stock Price Target
$48.80
Potential Upside/Downside
-2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$19.14 billion
Pretax Margin
17.80%

Debt

Sales & Book Value

Annual Sales
$115.34 billion
Cash Flow
$7.34 per share
Book Value
$46.34 per share

Miscellaneous

Outstanding Shares
3,540,400,000
Free Float
3,537,572,000
Market Cap
$213.66 billion
Optionable
Optionable
Beta
1.19

Social Links

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Should I Buy Wells Fargo & Company Stock? WFC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Wells Fargo & Company:

  • Wells Fargo & Company has a diverse range of financial products and services catering to both individual consumers and businesses, providing a stable revenue stream.
  • The company operates in multiple segments including Consumer Banking, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management, offering a well-rounded portfolio.
  • Recent Wall Street analyst forecasts have been positive, with several analysts giving buy and strong-buy ratings, indicating growth potential.
  • United Services Automobile Association increased its holdings in Wells Fargo & Company by 13.7% during the 3rd quarter, showing confidence in the company's performance.
  • Wells Fargo & Company's stock price has been on an upward trend, with analysts projecting further growth, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in Wells Fargo & Company for these reasons:

  • Wells Fargo & Company has faced regulatory challenges and legal issues in the past, which could impact its reputation and financial performance.
  • The banking industry is highly competitive, and Wells Fargo & Company faces competition from both traditional banks and fintech companies, potentially affecting its market share.
  • Despite positive analyst ratings, some analysts have downgraded Wells Fargo & Company's stock, indicating uncertainties in the company's future performance.
  • Institutional investors have been selling off some of their holdings in Wells Fargo & Company, which may signal concerns about the company's long-term prospects.
  • Market conditions and economic uncertainties could impact Wells Fargo & Company's financial results and stock performance, posing risks to investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Wells Fargo & Company pros and cons to contact@marketbeat.com.

WFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Wells Fargo & Company stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 12 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFC, but not buy additional shares or sell existing shares.
View WFC analyst ratings
or view top-rated stocks.

What is Wells Fargo & Company's stock price target for 2024?

19 brokers have issued twelve-month price objectives for Wells Fargo & Company's shares. Their WFC share price targets range from $48.80 to $67.00. On average, they anticipate the company's stock price to reach $58.85 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
View analysts price targets for WFC
or view top-rated stocks among Wall Street analysts.

How have WFC shares performed in 2024?

Wells Fargo & Company's stock was trading at $49.22 at the start of the year. Since then, WFC shares have increased by 22.6% and is now trading at $60.35.
View the best growth stocks for 2024 here
.

When is Wells Fargo & Company's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our WFC earnings forecast
.

How were Wells Fargo & Company's earnings last quarter?

Wells Fargo & Company (NYSE:WFC) posted its earnings results on Friday, April, 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. The financial services provider had revenue of $20.86 billion for the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a trailing twelve-month return on equity of 12.30% and a net margin of 15.63%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 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 declared a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.35 per share on Friday, March 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, February 1st.
Read our dividend analysis for WFC
.

Is Wells Fargo & Company a good dividend stock?

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.32%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 25.59% 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).

Who are Wells Fargo & Company's major shareholders?

Wells Fargo & Company's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.24%), Artemis Investment Management LLP (0.06%), Daily Journal Corp (0.04%), State of Michigan Retirement System (0.03%), Gateway Investment Advisers LLC (0.02%) and State of Alaska Department of Revenue (0.02%). Insiders that own company stock include Felicia F Norwood, Kleber Santos and Richard K Davis.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:WFC) was last updated on 4/22/2024 by MarketBeat.com Staff

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