Log in
NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

$22.54
-0.32 (-1.40 %)
(As of 10/19/2020 12:00 AM ET)
Add
Compare
Today's Range
$22.51
Now: $22.54
$22.91
50-Day Range
$22.83
MA: $24.25
$25.71
52-Week Range
$22.00
Now: $22.54
$54.75
Volume37.35 million shs
Average Volume41.70 million shs
Market Capitalization$92.87 billion
P/E Ratio25.91
Dividend Yield1.75%
Beta1.08
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business lending products. The Wholesale Banking segment provides commercial, corporate, capital markets, cash management, and real estate banking products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, corporate trust fiduciary and agency services, and investment banking services. It also offers commercial and residential development, land acquisition and development, rehabilitation, permanent securitization, and commercial real estate loans; secured and unsecured lines of credit; affordable housing loans and letters of credit; and interim financing arrangements. The Wealth and Investment Management segment provides personalized wealth management, investment, and retirement products and services; and delivers financial planning, private banking, credit, investment management, and fiduciary services. The company also offers brokerage, and Internet and mobile banking services; and has collaboration with National LGBT Chamber of Commerce. As of March 16, 2020, it operated through 7,400 locations; approximately 13,000 ATMs; and offices in 32 countries and territories. The Company was founded in 1852 and is headquartered in San Francisco, California.
Read More
Wells Fargo & Company logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302
Employees274,900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$103.92 billion
Cash Flow$6.16 per share
Book Value$39.35 per share

Profitability

Net Income$19.55 billion

Miscellaneous

Outstanding Shares4,120,047,000
Market Cap$92.87 billion
Next Earnings Date1/12/2021 (Estimated)
OptionableOptionable
$22.54
-0.32 (-1.40 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive WFC News and Ratings via Email

Sign-up to receive the latest news and ratings for WFC and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











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

How has Wells Fargo & Company's stock been impacted by COVID-19 (Coronavirus)?

Wells Fargo & Company's stock was trading at $32.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WFC shares have decreased by 30.3% and is now trading at $22.54.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Wells Fargo & Company?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 3 sell ratings, 15 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wells Fargo & Company
.

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

Wells Fargo & Company is scheduled to release its next quarterly earnings announcement on Tuesday, January 12th 2021.
View our earnings forecast for Wells Fargo & Company
.

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

Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings data on Tuesday, October, 20th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.45 by $0.03. The financial services provider earned $18.86 billion during the quarter, compared to analysts' expectations of $17.87 billion. Wells Fargo & Company had a net margin of 6.26% and a return on equity of 4.33%. The company's revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS.
View Wells Fargo & Company's earnings history
.

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, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, August 6th.
View Wells Fargo & Company's dividend history
.

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

Wells Fargo & Company declared that its Board of Directors has authorized a share repurchase program 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

What price target have analysts set for WFC?

24 analysts have issued twelve-month target prices for Wells Fargo & Company's stock. Their forecasts range from $23.00 to $52.00. On average, they expect Wells Fargo & Company's share price to reach $31.38 in the next twelve months. This suggests a possible upside of 39.2% from the stock's current price.
View analysts' price targets for Wells Fargo & Company
.

Has Wells Fargo & Company been receiving favorable news coverage?

Press coverage about WFC stock has trended negative on Tuesday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wells Fargo & Company earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the next several days.
View the latest news about Wells Fargo & Company
.

Are investors shorting Wells Fargo & Company?

Wells Fargo & Company saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 43,690,000 shares, an increase of 40.1% from the September 15th total of 31,180,000 shares. Based on an average trading volume of 42,160,000 shares, the short-interest ratio is currently 1.0 days.
View Wells Fargo & Company's Short Interest
.

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

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), The Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

Who are Wells Fargo & Company's key executives?

Wells Fargo & Company's management team includes the following people:
  • Mr. Charles W. Scharf, Pres, CEO & Director (Age 55, Pay $7.57M)
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 54, Pay $3.16M)
  • Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 56, Pay $2.91M)
  • Ms. Mary Tabb Mack, Sr. EVP and CEO of Consumer & Small Bus. Banking (Age 57, Pay $3.1M)
  • Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 50, Pay $4.17M)

What is Wells Fargo & Company's stock symbol?

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

Who are Wells Fargo & Company's major shareholders?

Wells Fargo & Company's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alecta Pensionsforsakring Omsesidigt (0.05%), Hikari Power Ltd (0.04%), Hexavest Inc. (0.04%), State of Alaska Department of Revenue (0.03%), Wilsey Asset Management Inc. (0.01%) and Cardinal Capital Management Inc. (0.01%). Company insiders that own Wells Fargo & Company stock include Charles H Noski, Charles W Scharf and Petros G Pelos.
View institutional ownership trends for Wells Fargo & Company
.

Which institutional investors are selling Wells Fargo & Company stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, DNB Asset Management AS, Carnegie Capital Asset Management LLC, Redpoint Investment Management Pty Ltd, Iowa State Bank, Brookstone Capital Management, DAVENPORT & Co LLC, and Cardinal Capital Management Inc..
View insider buying and selling activity for Wells Fargo & Company
.

Which institutional investors are buying Wells Fargo & Company stock?

WFC stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., State of Alaska Department of Revenue, Adams Asset Advisors LLC, First Dallas Securities Inc., Gofen & Glossberg LLC IL, Louisiana State Employees Retirement System, First National Bank Sioux Falls, and Wilsey Asset Management Inc.. Company insiders that have bought Wells Fargo & Company stock in the last two years include Charles H Noski, and Charles W Scharf.
View insider buying and selling activity for Wells Fargo & Company
.

How do I buy shares of Wells Fargo & Company?

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 & Company's stock price today?

One share of WFC stock can currently be purchased for approximately $22.54.

How big of a company is Wells Fargo & Company?

Wells Fargo & Company has a market capitalization of $92.87 billion and generates $103.92 billion in revenue each year. The financial services provider earns $19.55 billion in net income (profit) each year or $4.38 on an earnings per share basis. Wells Fargo & Company employs 274,900 workers across the globe.

What is Wells Fargo & Company's official website?

The official website for Wells Fargo & Company is www.wellsfargo.com.

How can I contact Wells Fargo & Company?

Wells Fargo & Company'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]

This page was last updated on 10/20/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.