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. As of September 4, 2018, it operated through 8,200 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 42 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Current SymbolNYSE:WFC
Previous Symbol
CUSIP94974610
Phone866-249-3302
Debt
Debt-to-Equity Ratio1.26
Current Ratio0.87
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio11.32
Forward P/E Ratio10.34
P/E Growth0.93
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.32
Cash Flow$5.6456 per share
Price / Cash Flow8.24
Book Value$37.36 per share
Price / Book1.25
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Net Margins23.17%
Return on Equity12.69%
Return on Assets1.20%
Miscellaneous
Employees263,000
Outstanding Shares4,877,750,000
Market Cap$227.01 billion
OptionableOptionable
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, October 23rd. Investors of record on Friday, November 9th will be given a dividend of $0.43 per share on Saturday, December 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, November 8th. View Wells Fargo & Co's Dividend History.
How will Wells Fargo & Co's stock buyback program work?
Wells Fargo & Co announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 23rd 2018, which permits the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) announced its quarterly earnings results on Friday, October, 12th. The financial services provider reported $1.13 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.17 by $0.04. The financial services provider had revenue of $21.94 billion for the quarter, compared to the consensus estimate of $21.90 billion. Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. View Wells Fargo & Co's Earnings History.
When is Wells Fargo & Co's next earnings date?
How can I listen to Wells Fargo & Co's earnings call?
Wells Fargo & Co will be holding an earnings conference call on Tuesday, January 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for WFC?
21 brokers have issued 12-month price objectives for Wells Fargo & Co's shares. Their forecasts range from $58.00 to $70.00. On average, they expect Wells Fargo & Co's stock price to reach $64.1667 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.
What is the consensus analysts' recommendation for Wells Fargo & Co?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 2 sell ratings, 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. According to Zacks Investment Research, "Shares of Wells Fargo have underperformed the industry so far this year. Also, the company possesses a disappointing earnings surprise history, having beaten the Zacks Consensus Estimate in only one of the trailing four quarters. Following the sales scandal and other issues, Wells Fargo has been slapped with new sanctions, including a cap on the assets position by the Federal Reserve. Though the company’s ongoing investment in the businesses — aimed to enhance the compliance and risk management capability, build a better bank and strengthen core infrastructure — bodes well, the sales scandal, auto-lending issues and impact of other malpractices will take some time to alleviate. Recently, in a major setback, the central bank has rejected the company's scandal prevention plans and demanded a stricter check over management. Moreever, rising expenses remain a headwind." (12/17/2018)
- 2. 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)
Has Wells Fargo & Co been receiving favorable news coverage?
News stories about WFC stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wells Fargo & Co earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned news coverage 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.
Are investors shorting Wells Fargo & Co?
Wells Fargo & Co saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 25,550,612 shares, an increase of 19.4% from the November 15th total of 21,397,855 shares. Based on an average daily trading volume, of 18,643,099 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% 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), Mizuho Financial Group (MFG), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), BB&T (BBT), BANCO DO BRASIL/S (BDORY) 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 M.B.A., 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
Who are Wells Fargo & Co's major shareholders?
Wells Fargo & Co's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.70%), Vanguard Group Inc (6.70%), Capital International Investors (1.84%), Dodge & Cox (1.64%), Franklin Resources Inc. (1.19%) and Capital World Investors (1.16%). 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 major investors are selling Wells Fargo & Co stock?
WFC stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Capital Research Global Investors, Magellan Asset Management Ltd, Mitsubishi UFJ Trust & Banking Corp, Dimensional Fund Advisors LP, CI Investments Inc., Renaissance Technologies LLC and State Treasurer State of Michigan. Company insiders that have sold Wells Fargo & Co company stock in the last year include Avid Modjtabai, Hope A Hardison and Petros G Pelos. View Insider Buying and Selling for Wells Fargo & Co.
Which major investors are buying Wells Fargo & Co stock?
WFC stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Primecap Management Co. CA, OppenheimerFunds Inc., CIBC World Markets Inc., Standard Life Aberdeen plc, Standard Life Aberdeen plc, Gardner Russo & Gardner LLC and Artemis Investment Management LLP. 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 $46.52.
How big of a company is Wells Fargo & Co?
Wells Fargo & Co has a market capitalization of $227.01 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.
What is Wells Fargo & Co's official website?
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 (NYSE 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.
