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

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$47.67 -0.75 (-1.55 %)
(As of 01/16/2019 07:05 AM ET)
Previous Close$48.42
Today's Range$47.01 - $48.25
52-Week Range$43.02 - $66.31
Volume27.44 million shs
Average Volume21.39 million shs
Market Capitalization$233.50 billion
P/E Ratio11.60
Dividend Yield3.59%
Beta1.1
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services. The company's Wealth and Investment Management segment offers financial planning, private banking, credit, and investment management and fiduciary services, as well as retirement and trust services. As of September 4, 2018, it operated through 8,200 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 42 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

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Industry, Sector and Symbol

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

Debt

Current Ratio0.87
Quick Ratio0.86

Price-To-Earnings

Sales & Book Value

Annual Sales$97.74 billion
Price / Sales2.38
Cash Flow$5.6281 per share
Price / Cash Flow8.47
Book Value$37.36 per share
Price / Book1.28

Profitability

Net Income$22.18 billion
Net Margins23.17%
Return on Assets1.20%

Miscellaneous

Employees263,000
Outstanding Shares4,877,750,000
Market Cap$233.50 billion
OptionableOptionable

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 announced a quarterly dividend on Tuesday, October 23rd. Investors of record on Friday, November 9th will be given a dividend of $0.43 per share on Saturday, December 1st. This represents a $1.72 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, November 8th. View Wells Fargo & Co's Dividend History.

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

Wells Fargo & Co declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 23rd 2018, which authorizes the company to buyback 350,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board 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, January, 15th. The financial services provider reported $1.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.19 by $0.02. The financial services provider earned $20.98 billion during the quarter, compared to the consensus estimate of $21.80 billion. Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. The business's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. View Wells Fargo & Co's Earnings History.

What price target have analysts set for WFC?

20 brokers have issued 1-year price objectives for Wells Fargo & Co's stock. Their forecasts range from $45.50 to $70.00. On average, they anticipate Wells Fargo & Co's share price to reach $62.3235 in the next year. This suggests a possible upside of 30.7% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 1 sell rating, 7 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wells Fargo & Co.

Has Wells Fargo & Co been receiving favorable news coverage?

Press coverage about WFC stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing 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 daily sentiment score of 0.7 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days.

Are investors shorting Wells Fargo & Co?

Wells Fargo & Co saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 31,072,406 shares, a drop of 12.5% from the December 14th total of 35,525,092 shares. Based on an average daily trading volume, of 30,302,376 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company's stock are short sold. View Wells Fargo & Co's Current Options Chain.

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

Who are Wells Fargo & Co's key executives?

Wells Fargo & Co's management team includes the folowing people:
  • Mr. Timothy J. Sloan M.B.A., CEO, Pres & Director (Age 57)
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 52)
  • Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 56)
  • Mr. Jonathan Geoffrey Weiss, Sr. Exec. VP of Wealth & Investment Management
  • Mr. Petros G. Pelos, Sr. EVP & Head of Wholesale Banking

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 investors include USS Investment Management Ltd (0.10%), Gateway Investment Advisers LLC (0.05%), Packer & Co Ltd (0.03%), Gulf International Bank UK Ltd (0.02%), Alta Capital Management LLC (0.02%) and RNC Capital Management LLC (0.02%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll, Hope A Hardison, John R Shrewsberry, Mary T Mack, Michael J Loughlin, Petros G Pelos, Richard Levy, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. 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 Gulf International Bank UK Ltd, RNC Capital Management LLC, Abner Herrman & Brock LLC, USS Investment Management Ltd, Louisiana State Employees Retirement System, Park National Corp OH, Moreno Evelyn V and Lynch & Associates IN. Company insiders that have sold Wells Fargo & Co company stock in the last year include Avid Modjtabai, Hope A Hardison and Petros G Pelos. View Insider Buying and Selling for Wells Fargo & Co.

Which institutional investors are buying Wells Fargo & Co stock?

WFC stock was acquired by a variety of institutional investors in the last quarter, including Packer & Co Ltd, DNB Asset Management AS, Denali Advisors LLC, CX Institutional, BKD Wealth Advisors LLC, Cardinal Capital Management Inc., Bristol Advisors LLC and Salem Capital Management Inc.. Company insiders that have bought Wells Fargo & Co stock in the last two years include Ronald Sargent, Stephen W Sanger and Timothy J Sloan. 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, Scottrade, Fidelity and Charles Schwab.

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

One share of WFC stock can currently be purchased for approximately $47.67.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $233.50 billion and generates $97.74 billion in revenue each year. The financial services provider earns $22.18 billion in net income (profit) each year or $4.11 on an earnings per share basis. Wells Fargo & Co employs 263,000 workers across the globe.

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:  2.5 out of 5 (star star half star)
Outperform Votes:  1,160 (Vote Outperform)
Underperform Votes:  1,154 (Vote Underperform)
Total Votes:  2,314
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 1/16/2019 by MarketBeat.com Staff

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