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

Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."

Wells Fargo & Co declared a quarterly dividend on Tuesday, October 22nd. Stockholders 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 dividend yield of 3.79%. The ex-dividend date is Thursday, November 7th. View Wells Fargo & Co's Dividend History.

Wells Fargo & Co announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 23rd 2019, which authorizes the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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

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

21 brokers have issued 12-month target prices for Wells Fargo & Co's shares. Their forecasts range from $42.00 to $60.00. On average, they anticipate Wells Fargo & Co's share price to reach $49.85 in the next twelve months. This suggests that the stock has a possible downside of 7.3%. View Analyst Price Targets 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.

Headlines about WFC stock have trended positive on Saturday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a drop in short interest in 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 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 stock are short sold. View Wells Fargo & Co's Current Options Chain.

Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), PNC Financial Services Group (PNC), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), UBS Group (UBS), Truist Financial (TFC), Mizuho Financial Group (MFG), BANCO DO BRASIL/S (BDORY) and SunTrust Banks (STI).

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).

Wells Fargo & Co's stock is owned by a variety of of retail and institutional 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.

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.

WFC stock was purchased 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.

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.

One share of WFC stock can currently be purchased for approximately $53.79.

Wells Fargo & Co has a market capitalization of $227.50 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.

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

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]