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NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

$28.45
-0.14 (-0.49 %)
(As of 11/27/2020 02:08 PM ET)
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Compare
Today's Range
$28.19
Now: $28.45
$28.63
50-Day Range
$21.14
MA: $23.74
$28.61
52-Week Range
$20.76
Now: $28.45
$54.75
Volume1.05 million shs
Average Volume41.76 million shs
Market Capitalization$117.63 billion
P/E Ratio76.89
Dividend Yield1.40%
Beta1.07
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business lending products. The Wholesale Banking segment provides commercial, corporate, capital markets, cash management, and real estate banking products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, corporate trust fiduciary and agency services, and investment banking services. It also offers commercial and residential development, land acquisition and development, rehabilitation, permanent securitization, and commercial real estate loans; secured and unsecured lines of credit; affordable housing loans and letters of credit; and interim financing arrangements. The Wealth and Investment Management segment provides personalized wealth management, investment, and retirement products and services; and delivers financial planning, private banking, credit, investment management, and fiduciary services. The company also offers brokerage, and Internet and mobile banking services; and has collaboration with National LGBT Chamber of Commerce. As of March 16, 2020, it operated through 7,400 locations; approximately 13,000 ATMs; and offices in 32 countries and territories. The Company was founded in 1852 and is headquartered in San Francisco, California.
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Wells Fargo & Company logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.44 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302
Employees274,900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$103.92 billion
Cash Flow$8.37 per share
Book Value$39.06 per share

Profitability

Net Income$19.55 billion

Miscellaneous

Outstanding Shares4,134,490,000
Market Cap$117.63 billion
Next Earnings Date1/12/2021 (Estimated)
OptionableOptionable
$28.45
-0.14 (-0.49 %)
(As of 11/27/2020 02:08 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

Wells Fargo & Company's stock was trading at $32.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WFC stock has decreased by 12.0% and is now trading at $28.46.
View which stocks have been most impacted by COVID-19
.

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

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 2 sell ratings, 13 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wells Fargo & Company
.

What stocks does MarketBeat like better than Wells Fargo & Company?

Wall Street analysts have given Wells Fargo & Company a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Wells Fargo & Company wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Wells Fargo & Company is scheduled to release its next quarterly earnings announcement on Tuesday, January 12th 2021.
View our earnings forecast for Wells Fargo & Company
.

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

Wells Fargo & Company (NYSE:WFC) posted its earnings results on Tuesday, October, 20th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.45 by $0.03. The financial services provider earned $18.86 billion during the quarter, compared to analyst estimates of $17.87 billion. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. Wells Fargo & Company's revenue was down 14.3% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share.
View Wells Fargo & Company's earnings history
.

How often does Wells Fargo & Company pay dividends? What is the dividend yield for Wells Fargo & Company?

Wells Fargo & Company announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.10 per share on Tuesday, December 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, November 5th.
View Wells Fargo & Company's dividend history
.

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

Wells Fargo & Company declared that its board has authorized a stock buyback program on Tuesday, July 23rd 2019, which allows the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

What price target have analysts set for WFC?

24 analysts have issued 1 year target prices for Wells Fargo & Company's stock. Their forecasts range from $23.00 to $52.00. On average, they expect Wells Fargo & Company's share price to reach $31.69 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for Wells Fargo & Company
.

Are investors shorting Wells Fargo & Company?

Wells Fargo & Company saw a drop in short interest in October. As of October 15th, there was short interest totaling 34,590,000 shares, a drop of 20.8% from the September 30th total of 43,690,000 shares. Based on an average daily volume of 39,420,000 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.
View Wells Fargo & Company's Short Interest
.

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

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

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

Who are Wells Fargo & Company's key executives?

Wells Fargo & Company's management team includes the following people:
  • Mr. Charles W. Scharf, Pres, CEO & Director (Age 55, Pay $7.57M)
  • Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 56, Pay $2.91M)
  • Ms. Mary Tabb Mack, Sr. EVP and CEO of Consumer & Small Bus. Banking (Age 57, Pay $3.1M)
  • Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 50, Pay $4.17M)
  • Mr. Michael P. Santomassimo, Sr. VP & CFO (Age 45)
  • Mr. Scott E. Powell, Sr. EVP & COO (Age 58)
  • Ms. Muneera S. Carr, Chief Accounting Officer & Exec. VP (Age 51)
  • Ms. Deborah J. Chrapaty, Chief Technology Officer (Age 59)
  • Mr. David Owen, Chief Admin. Officer
  • Mr. John K. Campbell B.A., Head of Investor Relations (Age 86)

What is Wells Fargo & Company's stock symbol?

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

Who are Wells Fargo & Company's major shareholders?

Wells Fargo & Company's stock is owned by a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.53%), Pzena Investment Management LLC (0.45%), Nuveen Asset Management LLC (0.32%), Sanders Capital LLC (0.25%), California Public Employees Retirement System (0.22%) and California State Teachers Retirement System (0.17%). Company insiders that own Wells Fargo & Company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf and Petros G Pelos.
View institutional ownership trends for Wells Fargo & Company
.

Which major investors are selling Wells Fargo & Company stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, AQR Capital Management LLC, Alecta Pensionsforsakring Omsesidigt, O Shaughnessy Asset Management LLC, LSV Asset Management, Connor Clark & Lunn Investment Management Ltd., Nuveen Asset Management LLC, and Smead Capital Management Inc..
View insider buying and selling activity for Wells Fargo & Company
.

Which major investors are buying Wells Fargo & Company stock?

WFC stock was bought by a variety of institutional investors in the last quarter, including Windacre Partnership LLC, Pzena Investment Management LLC, Carlson Capital L P, Voloridge Investment Management LLC, MFN Partners Management LP, International Value Advisers LLC, Hexavest Inc., and Hosking Partners LLP. Company insiders that have bought Wells Fargo & Company stock in the last two years include Beurden Saul Van, Charles H Noski, and Charles W Scharf.
View insider buying and selling activity for Wells Fargo & Company
.

How do I buy shares of Wells Fargo & Company?

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 & Company's stock price today?

One share of WFC stock can currently be purchased for approximately $28.46.

How big of a company is Wells Fargo & Company?

Wells Fargo & Company has a market capitalization of $117.67 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 & Company employs 274,900 workers across the globe.

What is Wells Fargo & Company's official website?

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

How can I contact Wells Fargo & Company?

Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. 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 11/27/2020 by MarketBeat.com Staff

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