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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WFC stock has decreased by 25.2% and is now trading at $24.17. View which stocks have been most impacted by Coronavirus.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 6 sell ratings, 16 hold ratings and 2 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 21st 2020. View our earnings forecast for Wells Fargo & Co.

Wells Fargo & Co (NYSE:WFC) issued its earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by $0.85. The financial services provider earned $17.72 billion during 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 quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, April 28th. Shareholders 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 yield of 8.44%. The ex-dividend date of this dividend is Thursday, May 7th. View Wells Fargo & Co's dividend history.

Wells Fargo & Co announced that its Board of Directors has initiated a stock repurchase program on Tuesday, July 23rd 2019, which authorizes the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

24 equities research analysts have issued 12-month 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 $39.69 in the next year. This suggests a possible upside of 64.2% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

News stories about WFC stock have been trending negative this week, InfoTrie Sentiment reports. The research group scores 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 closest to five being the most favorable. Wells Fargo & Co earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave 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 near term. View the latest news aboutWells Fargo & Co.

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), PNC Financial Services Group (PNC), UBS Group (UBS), DBS GRP HOLDING/S (DBSDY), SunTrust Banks (STI), China Minsheng Banking (CMAKY), National Australia Bank (NABZY), Mizuho Financial Group (MFG), Intesa Sanpaolo (ISNPY) and Capital One Financial (COF). 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 a number of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.39%), Franklin Resources Inc. (1.21%), Primecap Management Co. CA (1.16%), Davis Selected Advisers (0.67%), Longview Partners Guernsey LTD (0.64%) and Legal & General Group Plc (0.59%). 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 Massachusetts Financial Services Co. MA, Capital International Investors, Capital Research Global Investors, AQR Capital Management LLC, Franklin Resources Inc., Primecap Management Co. CA, Alecta Pensionsforsakring Omsesidigt, and Parametric Portfolio Associates LLC. View insider buying and selling activity for Wells Fargo & Co.

WFC stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Canada Pension Plan Investment Board, Alleghany Corp DE, Yacktman Asset Management LP, Two Sigma Advisers LP, Cullen Capital Management LLC, Rothschild & Co Wealth Management UK Ltd, and Voloridge Investment Management 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 $24.17.

Wells Fargo & Co has a market capitalization of $99.10 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]