NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

Followed 116 Times

$32.04

-2.71 (-7.80 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$31.82

Now: $32.04▼

$33.50

50-Day Range

$27.35

MA: $30.19▼

$34.75

52-Week Range

$20.76

Now: $32.04▼

$49.88

Volume91.99 million shs

Average Volume50.18 million shs

Market Capitalization$132.47 billion

P/E Ratio86.59

Dividend Yield1.25%

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.

MarketRank^™

Overall MarketRank^™

2.26 out of 5 stars

Finance Sector

91st out of 301 stocks

National Commercial Banks Industry

20th out of 40 stocks

2.2 Analyst's Opinion

Consensus Rating
Wells Fargo & Company has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 13 buy ratings, 12 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $32.46, Wells Fargo & Company has a forecasted upside of 1.3% from its current price of $32.04.
Amount of Analyst Coverage
Wells Fargo & Company has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Wells Fargo & Company has received 1,352 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Wells Fargo & Company has received 1,433 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Wells Fargo & Company has received 51.45% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Company and other stocks. Vote “Outperform” if you believe WFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Wells Fargo & Company has a dividend yield of 1.25%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wells Fargo & Company does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Wells Fargo & Company is 9.13%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 21.28% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wells Fargo & Company insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,571.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Wells Fargo & Company is held by insiders.
Percentage Held by Institutions
67.25% of the stock of Wells Fargo & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Wells Fargo & Company are expected to grow by 291.67% in the coming year, from $0.48 to $1.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wells Fargo & Company is 86.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wells Fargo & Company is 86.59, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.50.
Price to Earnings Growth Ratio
Wells Fargo & Company has a PEG Ratio of 4.84. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wells Fargo & Company has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryDiversified Banks

SectorFinance

Current SymbolNYSE:WFC

Previous Symbol

CUSIP94974610

CIK72971

Webwww.wellsfargo.com

Phone866-249-3302

Employees274,900

Debt

Debt-to-Equity Ratio1.34

Current Ratio0.87

Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio86.59

Forward P/E Ratio66.75

P/E Growth4.84

Sales & Book Value

Annual Sales$103.92 billion

Price / Sales1.27

Cash Flow$9.42 per share

Price / Cash Flow3.40

Book Value$39.06 per share

Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$4.38

Net Income$19.55 billion

Net Margins3.72%

Return on Equity3.18%

Return on Assets0.26%

Miscellaneous

Outstanding Shares4,134,490,000

Market Cap$132.47 billion

Next Earnings Date4/13/2021 (Estimated)

OptionableOptionable

$32.04

-2.71 (-7.80 %)

(As of 01/15/2021 12:00 AM 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 COVID-19 (Coronavirus)?

Wells Fargo & Company'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 shares have decreased by 0.9% and is now trading at $32.04.
View which stocks have been most impacted by COVID-19.

Is Wells Fargo & Company a buy right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 1 sell rating, 12 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Wells Fargo & Company stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WFC, but not buy additional shares or sell existing shares.
View analyst ratings for Wells Fargo & Company or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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, April 13th 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 Thursday, January, 14th. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.04. The financial services provider had revenue of $17.93 billion for the quarter, compared to analysts' expectations of $18 billion. Wells Fargo & Company had a return on equity of 3.18% and a net margin of 3.72%. The company's revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 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. Shareholders 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 1.25%. The ex-dividend date is Thursday, November 5th.
View Wells Fargo & Company's dividend history.

Is Wells Fargo & Company a good dividend stock?

Wells Fargo & Company pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.25%. The dividend payout ratio of Wells Fargo & Company is 9.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 21.28% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend.
View Wells Fargo & Company's dividend history.

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

Wells Fargo & Company declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 23rd 2019, which permits the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

What price target have analysts set for WFC?

26 analysts have issued 1 year price objectives for Wells Fargo & Company's shares. Their forecasts range from $24.00 to $42.00. On average, they anticipate Wells Fargo & Company's stock price to reach $32.46 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Wells Fargo & Company or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Wells Fargo & Company include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial and Commercial Bank of China (IDCBY), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), The PNC Financial Services Group (PNC), UBS Group (UBS), DBS Group (DBSDY), Capital One Financial (COF), National Australia Bank (NABZY), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY) and Standard Chartered (SCBFF).
View all of WFC's 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 56, Pay $7.57M)
Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 57, Pay $2.91M)
Ms. Mary Tabb Mack, Sr. EVP and CEO of Consumer & Small Bus. Banking (Age 58, Pay $3.1M)
Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 51, Pay $4.17M)
Mr. Michael P. Santomassimo, Sr. VP & CFO (Age 46)
Mr. Scott E. Powell, Sr. EVP & COO (Age 59)
Ms. Muneera S. Carr, Chief Accounting Officer & Exec. VP (Age 52)
Ms. Deborah J. Chrapaty, Chief Technology Officer (Age 60)
Mr. David Owen, Chief Admin. Officer
Mr. John K. Campbell B.A., Head of Investor Relations (Age 87)

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 many different retail and institutional investors. Top institutional investors include Hexavest Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Rockland Trust Co. (0.01%), Cardinal Capital Management Inc. (0.01%), IFM Investors Pty Ltd (0.01%) and Louisiana State Employees Retirement System (0.01%). 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 Hexavest Inc., State of Alaska Department of Revenue, Global Retirement Partners LLC, City Holding Co., Raymond James Trust N.A., Greylin Investment Mangement Inc., Gofen & Glossberg LLC IL, and Cardinal Capital Management Inc..
View insider buying and selling activity for Wells Fargo & Company or view top insider-selling stocks.

Which major investors are buying Wells Fargo & Company stock?

WFC stock was acquired by a variety of institutional investors in the last quarter, including Founders Capital Management, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, National Investment Services of America LLC, IMS Capital Management, Beacon Financial Group, Rockland Trust Co., and Pure Financial Advisors Inc.. 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 or or view top insider-buying stocks.

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 WeBull, 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 $32.04.

How big of a company is Wells Fargo & Company?

Wells Fargo & Company has a market capitalization of $132.47 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 1/18/2021 by MarketBeat.com Staff

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