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NYSE:WFC - Wells Fargo & Co Stock Price, Forecast & News

$54.37
+1.14 (+2.14 %)
(As of 12/8/2019 02:26 AM ET)
Today's Range
$53.69
Now: $54.37
$54.41
50-Day Range
$49.70
MA: $52.92
$54.46
52-Week Range
$43.02
Now: $54.37
$54.75
Volume17.70 million shs
Average Volume20.43 million shs
Market Capitalization$229.95 billion
P/E Ratio12.41
Dividend Yield3.83%
Beta1.12
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$101.06 billion
Cash Flow$6.04 per share
Book Value$36.93 per share

Profitability

Net Income$22.39 billion

Miscellaneous

Employees259,000
Outstanding Shares4,229,359,000
Market Cap$229.95 billion
Next Earnings Date1/21/2020 (Estimated)
OptionableOptionable

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Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions

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, October 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.51 per share on Sunday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, November 7th. View Wells Fargo & Co's Dividend History.

How will Wells Fargo & Co's stock buyback program work?

Wells Fargo & Co declared that its board has approved a share repurchase plan on Tuesday, July 23rd 2019, which allows the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

Wells Fargo & Co (NYSE:WFC) issued its earnings results on Tuesday, October, 15th. The financial services provider reported $0.92 EPS for the quarter, missing the Zacks' consensus estimate of $1.15 by $0.23. The financial services provider earned $22.01 billion during the quarter, compared to analyst estimates of $21.32 billion. Wells Fargo & Co had a net margin of 21.67% and a return on equity of 13.01%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.13 EPS. View Wells Fargo & Co's Earnings History.

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

Wells Fargo & Co is scheduled to release their next quarterly earnings announcement on Tuesday, January 21st 2020. View Earnings Estimates for Wells Fargo & Co.

What price target have analysts set for WFC?

21 equities research analysts have issued twelve-month price targets for Wells Fargo & Co's shares. Their forecasts range from $42.00 to $60.00. On average, they anticipate Wells Fargo & Co's stock price to reach $49.85 in the next year. This suggests that the stock has a possible downside of 8.3%. View Analyst Price Targets for Wells Fargo & Co.

What is the consensus analysts' recommendation for Wells Fargo & Co?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 4 sell ratings, 15 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wells Fargo & Co.

Has Wells Fargo & Co been receiving favorable news coverage?

News headlines about WFC stock have trended very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wells Fargo & Co earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Wells Fargo & Co.

Are investors shorting Wells Fargo & Co?

Wells Fargo & Co saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 41,770,000 shares, a drop of 7.5% from the September 15th total of 45,170,000 shares. Based on an average daily trading volume, of 21,060,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the shares of the company are sold short. View Wells Fargo & Co's Current Options Chain.

Who are some of Wells Fargo & Co's key competitors?

What other stocks do shareholders of Wells Fargo & Co own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Co investors own include Bank of America (BAC), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), AT&T (T), General Electric (GE), Alibaba Group (BABA), Netflix (NFLX), Ford Motor (F), Intel (INTC) and Micron Technology (MU).

Who are Wells Fargo & Co's key executives?

Wells Fargo & Co's management team includes the folowing people:
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 53)
  • Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 57)
  • Mr. Petros G. Pelos, Sr. Exec. VP of Wholesale Banking (Age 55)
  • Ms. Mary Tabb Mack, Head of Consumer Banking (Age 56)
  • Mr. C. Allen Parker, Interim CEO, Pres & Director (Age 64)

Who are Wells Fargo & Co's major shareholders?

Wells Fargo & Co's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (0.85%), Boston Partners (0.50%), EdgePoint Investment Group Inc. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Parametric Portfolio Associates LLC (0.29%) and Alecta Pensionsforsakring Omsesidigt (0.23%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Hope A Hardison, Petros G Pelos and Ronald Sargent. View Institutional Ownership Trends for Wells Fargo & Co.

Which institutional investors are selling Wells Fargo & Co stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Findlay Park Partners LLP, CIBC Private Wealth Group LLC, State of New Jersey Common Pension Fund D, Massachusetts Financial Services Co. MA, Country Trust Bank, Eagle Asset Management Inc. and Mondrian Investment Partners LTD. View Insider Buying and Selling for Wells Fargo & Co.

Which institutional investors are buying Wells Fargo & Co stock?

WFC stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Boston Partners, Alpine Woods Capital Investors LLC, Marathon Asset Management LLP, Parametric Portfolio Associates LLC, Cullen Capital Management LLC, First Trust Advisors LP and BBVA USA Bancshares Inc.. View Insider Buying and Selling for Wells Fargo & Co.

How do I buy shares of Wells Fargo & Co?

Shares of WFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Wells Fargo & Co's stock price today?

One share of WFC stock can currently be purchased for approximately $54.37.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $229.95 billion and generates $101.06 billion in revenue each year. The financial services provider earns $22.39 billion in net income (profit) each year or $4.38 on an earnings per share basis. Wells Fargo & Co employs 259,000 workers across the globe.View Additional Information About Wells Fargo & Co.

What is Wells Fargo & Co's official website?

The official website for Wells Fargo & Co is http://www.wellsfargo.com/.

How can I contact Wells Fargo & Co?

Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]


MarketBeat Community Rating for Wells Fargo & Co (NYSE WFC)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  1,272 (Vote Outperform)
Underperform Votes:  1,326 (Vote Underperform)
Total Votes:  2,598
MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Co and other stocks. Vote "Outperform" if you believe WFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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