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

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WFC shares.
View WFC analyst ratings or view top-rated stocks.

16 brokerages have issued 1-year price targets for Wells Fargo & Company's shares. Their WFC share price forecasts range from $45.00 to $67.00. On average, they expect the company's stock price to reach $55.97 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
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Wells Fargo & Company's stock was trading at $47.98 at the beginning of 2022. Since then, WFC shares have decreased by 14.9% and is now trading at $40.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our WFC earnings forecast.

Wells Fargo & Company (NYSE:WFC) announced its earnings results on Friday, July, 15th. The financial services provider reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.77 by $0.03. The financial services provider earned $17.03 billion during the quarter, compared to analyst estimates of $17.54 billion. Wells Fargo & Company had a net margin of 22.52% and a trailing twelve-month return on equity of 10.67%. The firm's revenue was down 16.0% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share.
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Wells Fargo & Company declared a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, August 5th will be paid a dividend of $0.30 per share on Thursday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, August 4th. This is a boost from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for WFC.

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 23.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WFC.

1,413 employees have rated Wells Fargo & Company Chief Executive Officer Charlie Scharf on Glassdoor.com. Charlie Scharf has an approval rating of 67% among the company's employees.

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

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

Wells Fargo & Company's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dodge & Cox (3.25%), Price T Rowe Associates Inc. MD (2.30%), Primecap Management Co. CA (1.29%), Northern Trust Corp (1.03%), Legal & General Group Plc (0.61%) and Pzena Investment Management LLC (0.45%). Insiders that own company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf and Kleber Santos.
View institutional ownership trends.

Shares of WFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WFC stock can currently be purchased for approximately $40.81.

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $154.79 billion and generates $82.41 billion in revenue each year. The financial services provider earns $21.55 billion in net income (profit) each year or $4.17 on an earnings per share basis.

The company employs 247,848 workers across the globe.

Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The official website for the company is www.wellsfargo.com. The financial services provider can be reached via phone at (866) 249-3302, via email at investorrelations@wellsfargo.com, or via fax at 302-636-5454.