NYSE:WFCWells Fargo & Co Stock Price, Forecast & News

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WFC shares have decreased by 21.4% and is now trading at $25.41. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 5 sell ratings, 16 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Wells Fargo & Co.

Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, July 14th 2020. View our earnings forecast for Wells Fargo & Co.

Wells Fargo & Co (NYSE:WFC) released its earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by $0.85. The financial services provider had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $19.40 billion. Wells Fargo & Co had a net margin of 14.52% and a return on equity of 9.28%. The company's revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.51 per share on Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Thursday, May 7th. View Wells Fargo & Co's dividend history.

Wells Fargo & Co declared that its board has initiated a share 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 repurchase 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.

25 brokerages have issued 12 month target prices for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $36.07 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

Media coverage about WFC stock has trended very negative on Tuesday, according to InfoTrie. InfoTrie ranks the sentiment of news 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 closest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Wells Fargo & Co.

Wells Fargo & Co saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 46,270,000 shares, a decline of 8.4% from the May 31st total of 50,520,000 shares. Based on an average daily volume of 49,670,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.1% of the company's shares 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), Industrial & Cmrcl Bnk f China (IDCBY), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), UBS Group (UBS), PNC Financial Services Group (PNC), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY), Capital One Financial (COF) and BANCO DO BRASIL/S (BDORY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Co investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Intel (INTC), General Electric (GE), Cisco Systems (CSCO), Walt Disney (DIS), Citigroup (C), Exxon Mobil (XOM) and Verizon Communications (VZ).

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

Wells Fargo & Co's stock is owned by many different institutional and retail investors. Top institutional investors include Factory Mutual Insurance Co. (0.04%), Manning & Napier Group LLC (0.03%), State of Alaska Department of Revenue (0.02%), PM CAPITAL Ltd (0.02%), Cardinal Capital Management Inc. (0.01%) and Wilsey Asset Management Inc. (0.01%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Charles H Noski, Charles W Scharf, Hope A Hardison and Petros G Pelos. View institutional ownership trends for Wells Fargo & Co.

WFC stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian, Gradient Investments LLC, Bright Rock Capital Management LLC, IFM Investors Pty Ltd, Rockland Trust Co., Municipal Employees Retirement System of Michigan, Gofen & Glossberg LLC IL, and PM CAPITAL Ltd. View insider buying and selling activity for Wells Fargo & Co.

WFC stock was acquired by a variety of institutional investors in the last quarter, including Wilsey Asset Management Inc., First American Trust FSB, State of Alaska Department of Revenue, Cardinal Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Farmers Trust Co., Fourthstone LLC, and Modus Advisors LLC. Company insiders that have bought Wells Fargo & Co stock in the last two years include Charles H Noski, and Charles W Scharf. View insider buying and selling activity 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 $25.41.

Wells Fargo & Co has a market capitalization of $104.18 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 & Co employs 260,000 workers across the globe.

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

Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94104. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]