Wells Fargo & Company - WFC Stock Forecast, Price & News

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Wells Fargo & Company Stock Up 0.5 %

Shares of WFC opened at $43.40 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.81. Wells Fargo & Company has a 52 week low of $36.54 and a 52 week high of $60.30. The firm has a market capitalization of $164.62 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.07 and a beta of 1.18. The business's fifty day moving average price is $41.40 and its two-hundred day moving average price is $46.73.

Wells Fargo & Company (NYSE:WFC - Get Rating) last announced its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.14). The firm had revenue of $17.03 billion for the quarter, compared to the consensus estimate of $17.54 billion. Wells Fargo & Company had a return on equity of 10.67% and a net margin of 22.52%. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. On average, analysts predict that Wells Fargo & Company will post 4 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 4th. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.76%. Wells Fargo & Company's dividend payout ratio is 28.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on WFC shares. Raymond James cut their price target on shares of Wells Fargo & Company from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, June 24th. Jefferies Financial Group reduced their price target on Wells Fargo & Company from $55.00 to $47.00 in a report on Monday, July 11th. The Goldman Sachs Group boosted their price objective on shares of Wells Fargo & Company from $54.00 to $56.00 in a report on Thursday, April 14th. Morgan Stanley upped their target price on Wells Fargo & Company from $59.00 to $62.00 and gave the company an "overweight" rating in a report on Monday, July 18th. Finally, Credit Suisse Group dropped their price objective on shares of Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.31.