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S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
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Massive "Lightning Line" Rollout Underway Across America… (Ad)
How major US stock indexes fared Monday, 3/4/2024
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The perfect AI stock under $10 (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Massive "Lightning Line" Rollout Underway Across America… (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
The perfect AI stock under $10 (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Massive "Lightning Line" Rollout Underway Across America… (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
The perfect AI stock under $10 (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Wall Street inches lower as retailers post holiday numbers
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Ohio foundation begins process to distribute millions in opioid settlement money
NYSE:WFC

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

$55.81
+0.75 (+1.36%)
(As of 03/4/2024 ET)
Today's Range
$54.73
$56.56
50-Day Range
$46.44
$55.81
52-Week Range
$35.25
$56.56
Volume
19.41 million shs
Average Volume
18.31 million shs
Market Capitalization
$199.66 billion
P/E Ratio
11.58
Dividend Yield
2.51%
Price Target
$51.43

Wells Fargo & Company MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.8% Downside
$51.43 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.68mentions of Wells Fargo & Company in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.86%
From $4.72 to $5.28 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.

4.39 out of 5 stars

Finance Sector

178th out of 866 stocks

National Commercial Banks Industry

25th out of 88 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

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A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Regulator eases restrictions on Wells Fargo, saying bank has fixed itself after sales scandal
The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals
US regulators ease restrictions on Wells Fargo, saying bank has sufficiently fixed toxic culture after years of scandals
US regulators ease restrictions on Wells Fargo, saying bank has sufficiently fixed toxic culture after years of scandals
S&P 500 rockets to new highs as earnings beat estimates (WFC)
The S&P 500 hits new highs as 10 of the 11 S&P sectors report positive Q4 earnings surprises. The tech and energy sectors are among the earnings leaders.
Doug Braunstein to Join Wells Fargo as Vice Chairman
Doug Braunstein to Join Wells Fargo as Vice Chairman
See More Headlines
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Company Calendar

Last Earnings
1/12/2024
Ex-Dividend for 3/1 Dividend
2/01/2024
Dividend Payable
3/01/2024
Today
3/05/2024
Next Earnings (Estimated)
4/12/2024
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
$51.43
High Stock Price Target
$66.00
Low Stock Price Target
$42.00
Potential Upside/Downside
-7.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$19.14 billion
Pretax Margin
18.76%

Debt

Sales & Book Value

Annual Sales
$115.34 billion
Cash Flow
$7.44 per share
Book Value
$46.26 per share

Miscellaneous

Outstanding Shares
3,577,440,000
Free Float
3,574,940,000
Market Cap
$199.66 billion
Optionable
Optionable
Beta
1.19

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Wells Fargo & Company was last updated on Sunday, March 3, 2024 at 12:41 AM.

Pros

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

  • Wells Fargo & Company provides diversified banking, investment, mortgage, and consumer and commercial finance products and services, catering to a wide range of financial needs.
  • Recent developments show a strong financial performance with a healthy net income and return on equity, indicating a profitable and efficient operation.
  • The company has a solid market cap and annual revenue, reflecting its stability and growth potential in the market.
  • Wells Fargo & Company has a low debt-to-equity ratio, which signifies a conservative approach to financing and lower financial risk.
  • Investors can benefit from the company's consistent dividend yield, providing a steady income stream and potential for long-term returns.

Cons

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

  • The company has faced challenges in the past related to regulatory issues and scandals, which may impact its reputation and future performance.
  • Wells Fargo & Company's stock price has experienced fluctuations, indicating potential volatility and uncertainty in the market.
  • There are concerns about the company's return on assets, which may suggest inefficiencies in asset utilization and profitability.
  • With a high percentage held by institutional investors, individual investors may have limited influence on the company's decision-making and governance.
  • The consensus rating and price target for Wells Fargo & Company may not align with investor expectations, leading to potential discrepancies in valuation and performance outlook.














WFC Stock Analysis - Frequently Asked Questions

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

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WFC shares.
View WFC analyst ratings
or view top-rated stocks.

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

16 brokerages have issued twelve-month target prices for Wells Fargo & Company's stock. Their WFC share price targets range from $42.00 to $66.00. On average, they predict the company's stock price to reach $51.43 in the next year. This suggests that the stock has a possible downside of 7.8%.
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 on January 1st, 2024. Since then, WFC shares have increased by 13.4% and is now trading at $55.81.
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, April 12th 2024.
View our WFC earnings forecast
.

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

Wells Fargo & Company (NYSE:WFC) released its earnings results on Friday, January, 12th. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by $0.30. The financial services provider had revenue of $20.48 billion for the quarter, compared to analyst estimates of $20.30 billion. Wells Fargo & Company had a net margin of 16.60% and a trailing twelve-month return on equity of 12.40%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 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. Shareholders of record on Friday, February 2nd will be given a dividend of $0.35 per share on Friday, March 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date 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 2.54%. 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 29.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 26.52% 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.86%), Dodge & Cox (3.23%), Price T Rowe Associates Inc. MD (1.96%), Capital International Investors (1.79%), Norges Bank (1.47%) and State Farm Mutual Automobile Insurance Co. (1.26%). 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 3/5/2024 by MarketBeat.com Staff