NYSE:WFCWells Fargo & Co Stock Price, Forecast & News

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WFC shares have decreased by 23.6% and is now trading at $24.70.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 4 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
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Wells Fargo & Co (NYSE:WFC) announced its quarterly earnings data on Tuesday, July, 14th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.50. The financial services provider had revenue of $17.80 billion for the quarter, compared to analysts' expectations of $18.30 billion. Wells Fargo & Co had a net margin of 6.26% and a return on equity of 4.33%. The company's quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS.
View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be given a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, August 6th.
View Wells Fargo & Co's dividend history.

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

26 Wall Street 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 share price to reach $33.76 in the next year. This suggests a possible upside of 36.7% from the stock's current price.
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Media headlines about WFC stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a news impact score of -1.9 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.
View the latest news about Wells Fargo & Co.

Wells Fargo & Co saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 30,110,000 shares, a drop of 18.4% from the July 15th total of 36,910,000 shares. Based on an average daily trading volume, of 51,300,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the company's stock are sold short.
View Wells Fargo & Co's Short Interest.

Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), DBS GRP HOLDING/S (DBSDY), Intesa Sanpaolo (ISNPY), National Australia Bank (NABZY), Mizuho Financial Group (MFG), Capital One Financial (COF), China Minsheng Banking (CMAKY) and BANCO DO BRASIL/S (BDORY).
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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), Exxon Mobil (XOM), Cisco Systems (CSCO), Walt Disney (DIS), Johnson & Johnson (JNJ) and Citigroup (C).

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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.38%), Pzena Investment Management LLC (0.33%), Rothschild & Co Wealth Management UK Ltd (0.25%), Magnolia Group LLC (0.16%), Principal Financial Group Inc. (0.15%) and New York State Teachers Retirement System (0.13%). 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 Toronto Dominion Bank, Schafer Cullen Capital Management Inc, Alleghany Corp DE, Alta Capital Management LLC, Banco Santander S.A., DAVENPORT & Co LLC, Sumitomo Mitsui Trust Holdings Inc., and M&G Investment Management Ltd..
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 Pzena Investment Management LLC, Rafferty Asset Management LLC, Prudential PLC, Hosking Partners LLP, Wilsey Asset Management Inc., Scharf Investments LLC, Pendal Group Ltd, and LSV Asset Management. 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 $24.70.

Wells Fargo & Co has a market capitalization of $101.77 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, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]