Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services. The company's Wealth and Investment Management segment offers financial planning, private banking, credit, and investment management and fiduciary services, as well as retirement and trust services. It serves clients through approximately 8,300 locations and 13,000 ATMs; online and mobile banking; and offices in 42 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
SymbolNYSE:WFC
CUSIP94974610
Phone866-249-3302
Debt
Debt-to-Equity Ratio1.27
Current Ratio0.88
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio13.01
Forward P/E Ratio11.68
P/E Growth1.46
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.66
Cash Flow$5.5895 per share
Price / Cash9.55
Book Value$37.36 per share
Price / Book1.43
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Net Margins22.80%
Return on Equity12.46%
Return on Assets1.17%
Miscellaneous
Employees263,000
Outstanding Shares4,877,750,000
Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions
What is Wells Fargo & Co's stock symbol?
Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
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 24th. Investors of record on Friday, May 4th will be given a dividend of $0.39 per share on Friday, June 1st. This represents a $1.56 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, May 3rd. View Wells Fargo & Co's Dividend History.
How will Wells Fargo & Co's stock buyback program work?
Wells Fargo & Co declared that its board has initiated a stock repurchase program on Wednesday, January 24th 2018, which allows the company to buyback 350,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) posted its quarterly earnings data on Friday, April, 13th. The financial services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.07 by $0.05. The financial services provider earned $21.93 billion during the quarter, compared to analyst estimates of $21.74 billion. Wells Fargo & Co had a net margin of 22.80% and a return on equity of 12.46%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. View Wells Fargo & Co's Earnings History.
When is Wells Fargo & Co's next earnings date?
What price target have analysts set for WFC?
25 analysts have issued 1 year target prices for Wells Fargo & Co's stock. Their predictions range from $45.00 to $76.00. On average, they expect Wells Fargo & Co's stock price to reach $62.05 in the next year. View Analyst Ratings for Wells Fargo & Co.
What are Wall Street analysts saying about Wells Fargo & Co stock?
Here are some recent quotes from research analysts about Wells Fargo & Co stock:
- 1. Vining Sparks analysts commented, "While the recent issues surrounding WFC have definitely damaged its reputation, we believe the fundamental profitability and earnings power of WFC’s franchise is still intact and currently hidden by recent issues. WFC should still generate a mid to high-single digit underlying increase in shareholder value on an annualized basis from dividend payouts and TBV growth. We believe this strong value creation paired with its currently pressured valuation should provide long-term investors that can wait for the inflection point in the second half of 2018E the opportunity to realize total returns over 20% over the next 12 to 18 months." (4/13/2018)
- 2. According to Zacks Investment Research, "Shares of Wells Fargo underperformed the industry over the last six months. While earnings estimates for the soon-to-be-reported quarter have seen slight revision lately, the company possesses a decent earnings surprise history, beating the Zacks Consensus Estimate in two of the trailing four quarters. Wells Fargo has been slapped with new sanctions including a cap on the assets position by the Federal Reserve. Further, the review process of the bank’s Wealth and Investment Management segment is also in preliminary stages. Moreover, Moody’s has downgraded the rating outlook of the bank to negative, though S&P has kept unchanged at stable. Though consistent growth in loans and deposits, lower tax rate and expansions will likely support its growth profile, the current crisis related to the revelation of illegally opening millions of illegal accounts in 2016 at the company will take some time to alleviate." (4/9/2018)
Are investors shorting Wells Fargo & Co?
Wells Fargo & Co saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 43,993,394 shares, an increase of 23.7% from the May 15th total of 35,553,938 shares. Based on an average trading volume of 19,997,477 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.9% of the company's stock are sold short. View Wells Fargo & Co's Current Options Chain.
Who are some of Wells Fargo & Co's key competitors?
Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), Industrial & Cmrcl Bnk f China (IDCBY), PNC Financial Services Group (PNC), UBS Group (UBS), National Australia Bank (NABZY), DBS Grp HOLDING/S (DBSDY), Intesa Sanpaolo (ISNPY), Capital One Financial (COF), Mizuho Financial Group (MFG), BB&T (BBT), SunTrust Banks (STI) and Standard Chartered (SCBFF).
Who are Wells Fargo & Co's key executives?
Wells Fargo & Co's management team includes the folowing people:
- Mr. Timothy J. Sloan, CEO, Pres & Director (Age 57)
- Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 52)
- Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 56)
- Mr. Jonathan Geoffrey Weiss, Sr. Exec. VP of Wealth & Investment Management
- Mr. Petros G. Pelos, Sr. EVP & Head of Wholesale Banking
Has Wells Fargo & Co been receiving favorable news coverage?
Media stories about WFC stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo & Co earned a media sentiment score of 0.05 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 45.64 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Wells Fargo & Co's major shareholders?
Wells Fargo & Co's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (1.04%), Dimensional Fund Advisors LP (0.84%), Barrow Hanley Mewhinney & Strauss LLC (0.64%), Magellan Asset Management Ltd (0.64%), Legal & General Group Plc (0.43%) and Boston Partners (0.39%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll, Hope A Hardison, John R Shrewsberry, Mary T Mack, Michael J Loughlin, Petros G Pelos, Richard Levy, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. 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 CI Investments Inc., OppenheimerFunds Inc., Haverford Trust Co., Legal & General Group Plc, Prudential Financial Inc., Barrow Hanley Mewhinney & Strauss LLC, State of Tennessee Treasury Department and Epoch Investment Partners Inc.. Company insiders that have sold Wells Fargo & Co company stock in the last year include John R Shrewsberry, Michael J Loughlin, Petros G Pelos and Richard Levy. View Insider Buying and Selling for Wells Fargo & Co.
Which institutional investors are buying Wells Fargo & Co stock?
WFC stock was bought by a variety of institutional investors in the last quarter, including Magellan Asset Management Ltd, Rockefeller Capital Management L.P., Massachusetts Financial Services Co. MA, Natixis, CI Global Investments Inc., Boston Partners, American Century Companies Inc. and FIL Ltd. Company insiders that have bought Wells Fargo & Co stock in the last two years include Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Wells Fargo & Co's stock price today?
One share of WFC stock can currently be purchased for approximately $53.46.
How big of a company is Wells Fargo & Co?
Wells Fargo & Co has a market capitalization of $263.11 billion and generates $97.74 billion in revenue each year. The financial services provider earns $22.18 billion in net income (profit) each year or $4.11 on an earnings per share basis. Wells Fargo & Co employs 263,000 workers across the globe.
How can I contact Wells Fargo & Co?
Wells Fargo & Co'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]
MarketBeat Community Rating for Wells Fargo & Co (WFC)
MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Co 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.
