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

$25.42
-0.05 (-0.20 %)
(As of 07/13/2020 04:00 PM ET)
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Today's Range
$24.94
Now: $25.42
$26.04
50-Day Range
$24.04
MA: $27.11
$33.32
52-Week Range
$22.00
Now: $25.42
$54.75
Volume48.69 million shs
Average Volume44.55 million shs
Market Capitalization$104.22 billion
P/E Ratio8.52
Dividend Yield8.01%
Beta1.15
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment 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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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.89 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$103.92 billion
Cash Flow$6.62 per share
Book Value$39.35 per share

Profitability

Net Income$19.55 billion

Miscellaneous

Employees260,000
Outstanding Shares4,100,000,000
Market Cap$104.22 billion
Next Earnings Date7/14/2020 (Confirmed)
OptionableOptionable

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Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions

How has Wells Fargo & Co's stock been impacted by COVID-19 (Coronavirus)?

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WFC stock has decreased by 21.4% and is now trading at $25.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Wells Fargo & Co?

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.

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

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.

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

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

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

How will Wells Fargo & Co's stock buyback program work?

Wells Fargo & Co announced that its board has approved a share repurchase program on Tuesday, July 23rd 2019, which permits the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

What price target have analysts set for WFC?

25 equities research analysts have issued 1 year target prices for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they anticipate Wells Fargo & Co's stock price to reach $36.07 in the next year. This suggests a possible upside of 41.9% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

Has Wells Fargo & Co been receiving favorable news coverage?

News stories about WFC stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Wells Fargo & Co.

Are investors shorting Wells Fargo & Co?

Wells Fargo & Co saw a decline in short interest in 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 trading volume, of 49,670,000 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the shares of the stock 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), 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).

Who are Wells Fargo & Co's key executives?

Wells Fargo & Co's management team includes the following people:
  • Mr. Charles W. Scharf, Pres, CEO & Director (Age 55)
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 54)
  • Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 56)
  • Ms. Mary Tabb Mack, Sr. EVP, CEO of Consumer & Small Bus. Banking and Interim CEO of Consumer Lending (Age 57)
  • Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 50)

What is Wells Fargo & Co's stock symbol?

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

Who are Wells Fargo & Co's major shareholders?

Wells Fargo & Co's stock is owned by many different institutional and retail investors. Top institutional shareholders 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.

Which institutional investors are selling Wells Fargo & Co stock?

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.

Which institutional investors are buying Wells Fargo & Co stock?

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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Wells Fargo & Co's stock price today?

One share of WFC stock can currently be purchased for approximately $25.42.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $104.22 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.

What is Wells Fargo & Co's official website?

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

How can I contact Wells Fargo & Co?

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]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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