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NYSE:WFC

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

$40.04
-0.82 (-2.01%)
(As of 11:04 AM ET)
Compare
Today's Range
$39.88
$40.76
50-Day Range
$40.43
$46.44
52-Week Range
$35.25
$48.84
Volume
3.14 million shs
Average Volume
19.99 million shs
Market Capitalization
$146.50 billion
P/E Ratio
10.01
Dividend Yield
3.50%
Price Target
$48.02

Wells Fargo & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
19.2% Upside
$48.02 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.85mentions of Wells Fargo & Company in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.65%
From $4.84 to $4.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.01 out of 5 stars

Finance Sector

99th out of 878 stocks

National Commercial Banks Industry

22nd out of 86 stocks


WFC stock logo

About Wells Fargo & Company (NYSE:WFC) Stock

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 Price History

WFC Stock News Headlines

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Wells Fargo Sells Private Equity Fund Investments
Wells Fargo Sells $2 Billion of Private Equity Investments
What the Wells Fargo, Centerbridge Venture Means for Banks
How is This "Hidden Gem" Thriving in a Turbulent Market?
While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.
Wells Fargo: Rough Times Will Eventually Turn
See More Headlines
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WFC Company Calendar

Last Earnings
7/14/2023
Ex-Dividend for 9/1 Dividend
8/03/2023
Dividend Payable
9/01/2023
Today
10/02/2023
Next Earnings (Confirmed)
10/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
94974610
Employees
238,000
Year Founded
1852

Price Target and Rating

Average Stock Price Forecast
$48.02
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+17.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$13.18 billion
Pretax Margin
18.23%

Debt

Sales & Book Value

Annual Sales
$80.28 billion
Cash Flow
$5.25 per share
Book Value
$42.63 per share

Miscellaneous

Outstanding Shares
3,658,783,000
Free Float
3,656,222,000
Market Cap
$149.50 billion
Optionable
Optionable
Beta
1.14

Social Links

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Key Executives

  • Mr. Charles W. ScharfMr. Charles W. Scharf (Age 58)
    Pres, CEO & Director
    Comp: $8.01M
  • Mr. Michael P. SantomassimoMr. Michael P. Santomassimo (Age 48)
    Sr. EVP & CFO
    Comp: $4.93M
  • Mr. Scott E. PowellMr. Scott E. Powell (Age 61)
    Sr. EVP & COO
    Comp: $4.26M
  • Mr. Jonathan Geoffrey WeissMr. Jonathan Geoffrey Weiss (Age 65)
    Sr. EVP and CEO of Corp. & Investment Banking
    Comp: $5.59M
  • Ms. Tracy Kerrins
    Sr. EVP & Head of Technology
  • Mr. David Owen
    Chief Admin. Officer
  • Mr. John M. Campbell
    Director of Investor Relations
  • Ms. Ellen Reilly Patterson Esq.Ms. Ellen Reilly Patterson Esq. (Age 49)
    J.D., Sr. EVP & Gen. Counsel
  • Ms. Paula Ann Dominick (Age 63)
    Chief Compliance Officer
  • Ms. Amy Bonitatibus
    Chief Communications & Brand Officer













WFC Stock - Frequently Asked Questions

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

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 8 hold ratings, 8 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 forecast for 2023?

17 brokerages have issued twelve-month price objectives for Wells Fargo & Company's stock. Their WFC share price forecasts range from $42.00 to $54.00. On average, they anticipate the company's stock price to reach $48.02 in the next twelve months. This suggests a possible upside of 17.5% 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 1.0% and is now trading at $40.86.
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, October 13th 2023.
View our WFC earnings forecast
.

How can I listen to Wells Fargo & Company's earnings call?

Wells Fargo & Company will be holding an earnings conference call on Friday, October 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Wells Fargo & Company (NYSE:WFC) released its earnings results on Friday, July, 14th. The financial services provider reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.09. The financial services provider earned $20.53 billion during the quarter, compared to the consensus estimate of $20.11 billion. Wells Fargo & Company had a trailing twelve-month return on equity of 11.15% and a net margin of 16.18%. Wells Fargo & Company's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 earnings per share.
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, July 25th. Investors of record on Friday, August 4th will be paid a dividend of $0.35 per share on Friday, September 1st. This represents a $1.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from the stock's previous quarterly dividend of $0.30.
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 3.42%. 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 35.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 29.41% 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."

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 $40.86.

How much money does Wells Fargo & Company make?

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $149.50 billion and generates $80.28 billion in revenue each year. The financial services provider earns $13.18 billion in net income (profit) each year or $4.00 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 10/2/2023 by MarketBeat.com Staff

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