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 Trading Down 1.3 %

Shares of WFC Stock opened at $43.19 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a market capitalization of $163.82 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. The company has a 50 day moving average price of $41.45 and a 200 day moving average price of $46.75. Wells Fargo & Company has a fifty-two week low of $36.54 and a fifty-two week high of $60.30.

Wells Fargo & Company (NYSE:WFC - Get Rating) last announced its quarterly earnings data 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 business had revenue of $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 return on equity of 10.67%. The company's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Equities research analysts predict that Wells Fargo & Company will post 4 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. This is an increase from Wells Fargo & Company's previous quarterly dividend of $0.25. Wells Fargo & Company's payout ratio is currently 28.78%.

Analyst Upgrades and Downgrades

WFC has been the topic of a number of recent research reports. Piper Sandler set a $48.00 price objective on Wells Fargo & Company in a research note on Monday, June 20th. Jefferies Financial Group lowered their price objective on Wells Fargo & Company from $55.00 to $47.00 in a research note on Monday, July 11th. The Goldman Sachs Group boosted their price objective on Wells Fargo & Company from $54.00 to $56.00 in a research note on Thursday, April 14th. Credit Suisse Group lowered their price objective on Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Monday, July 18th. Finally, Raymond James lowered their price target on Wells Fargo & Company from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.31.