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

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WFC stock has decreased by 2.0% and is now trading at $31.67. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 6 sell ratings, 16 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Wells Fargo & Co.

Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Wells Fargo & Co.

Wells Fargo & Co (NYSE:WFC) posted its earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by $0.85. The financial services provider earned $17.72 billion during the quarter, compared to the consensus estimate of $19.40 billion. Wells Fargo & Co had a net margin of 14.52% and a return on equity of 9.28%. Wells Fargo & Co's revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 EPS. View Wells Fargo & Co's earnings history.

Wells Fargo & Co announced a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 8th will be paid a dividend of $0.51 per share on Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend is Thursday, May 7th. View Wells Fargo & Co's dividend history.

Wells Fargo & Co declared that its board has initiated a stock repurchase plan on Tuesday, July 23rd 2019, which authorizes the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

25 brokers have issued 1 year price objectives for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they anticipate Wells Fargo & Co's stock price to reach $39.11 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

Media stories about WFC stock have trended extremely negative recently, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a news impact score of -4.4 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days. View the latest news aboutWells Fargo & Co.

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), Truist Financial (TFC), U.S. Bancorp (USB), PNC Financial Services Group (PNC), UBS Group (UBS), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), SunTrust Banks (STI) and China Minsheng Banking (CMAKY). View all competitors.

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), Cisco Systems (CSCO), Walt Disney (DIS), Citigroup (C), Exxon Mobil (XOM) and Verizon Communications (VZ).

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

Wells Fargo & Co's stock is owned by many different retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.39%), Franklin Resources Inc. (1.21%), Primecap Management Co. CA (1.16%), Davis Selected Advisers (0.67%), Longview Partners Guernsey LTD (0.64%) and Legal & General Group Plc (0.59%). 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 Massachusetts Financial Services Co. MA, Capital International Investors, Sanders Capital LLC, Capital Research Global Investors, AQR Capital Management LLC, Franklin Resources Inc., Primecap Management Co. CA, and Alecta Pensionsforsakring Omsesidigt. 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 APG Asset Management N.V., Canada Pension Plan Investment Board, Alleghany Corp DE, Yacktman Asset Management LP, Two Sigma Advisers LP, Cullen Capital Management LLC, Rothschild & Co Wealth Management UK Ltd, and Voloridge Investment Management LLC. 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 $31.67.

Wells Fargo & Co has a market capitalization of $129.85 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, 94104. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]