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

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$51.73 +1.07 (+2.11 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$50.66
Today's Range$50.00 - $52.07
52-Week Range$43.02 - $59.53
Volume23.65 million shs
Average Volume20.23 million shs
Market Capitalization$252.33 billion
P/E Ratio11.81
Dividend Yield3.55%
Beta1.12
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 February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 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 N/A
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-878-5865

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$101.06 billion
Cash Flow$6.0787 per share
Book Value$35.64 per share

Profitability

Net Income$22.39 billion

Miscellaneous

Employees263,000
Outstanding Shares4,877,754,000
Market Cap$252.33 billion
Next Earnings Date4/12/2019 (Confirmed)
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, January 22nd. Stockholders of record on Friday, February 1st will be paid a dividend of $0.45 per share on Friday, March 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, January 31st. This is a positive change from Wells Fargo & Co's previous quarterly dividend of $0.43. 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 authorized a share repurchase program on Tuesday, October 23rd 2018, which permits the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

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

Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings data on Tuesday, January, 15th. The financial services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.17 by $0.04. 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 13.34% and a net margin of 22.95%. The business's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.16 EPS. View Wells Fargo & Co's Earnings History.

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

Wells Fargo & Co is scheduled to release their next quarterly earnings announcement on Friday, April 12th 2019. View Earnings Estimates for Wells Fargo & Co.

How can I listen to Wells Fargo & Co's earnings call?

Wells Fargo & Co will be holding an earnings conference call on Friday, April 12th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for WFC?

18 Wall Street analysts have issued 12 month price targets for Wells Fargo & Co's shares. Their predictions range from $45.50 to $70.00. On average, they anticipate Wells Fargo & Co's share price to reach $61.70 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.

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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 7 hold ratings and 11 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?

News articles about WFC stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a coverage optimism score of 1.4 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Are investors shorting Wells Fargo & Co?

Wells Fargo & Co saw a increase in short interest in February. As of February 28th, there was short interest totalling 26,206,179 shares, an increase of 12.2% from the February 15th total of 23,356,719 shares. Based on an average daily trading volume, of 16,681,850 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the shares of the company are sold short. View Wells Fargo & Co's Current Options Chain.

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

What other stocks do shareholders of Wells Fargo & Co own?

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

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 58)
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 53)
  • Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 57)
  • 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 variety of of retail and institutional investors. Top institutional shareholders include Northern Trust Corp (1.08%), Geode Capital Management LLC (1.06%), Massachusetts Financial Services Co. MA (1.00%), Norges Bank (0.89%), Dimensional Fund Advisors LP (0.72%) and Barrow Hanley Mewhinney & Strauss LLC (0.58%). 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 major investors are selling Wells Fargo & Co stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Two Sigma Advisers LP, Canada Pension Plan Investment Board, Swedbank, Magellan Asset Management Ltd, Barrow Hanley Mewhinney & Strauss LLC, Harris Associates L P and Massachusetts Financial Services Co. MA. 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 major investors are buying Wells Fargo & Co stock?

WFC stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Standard Life Aberdeen plc, Geode Capital Management LLC, Magnolia Group LLC, Los Angeles Capital Management & Equity Research Inc., Prudential Financial Inc. and Bank of Nova Scotia. 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 $51.73.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $252.33 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 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 866-878-5865 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:  1,177 (Vote Outperform)
Underperform Votes:  1,174 (Vote Underperform)
Total Votes:  2,351
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 3/18/2019 by MarketBeat.com Staff

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