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

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WFC shares have decreased by 15.2% and is now trading at $27.40. 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, 17 hold ratings and 2 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) issued its quarterly earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.85. The financial services provider had revenue of $17.72 billion for the quarter, compared to analyst estimates of $19.40 billion. Wells Fargo & Co had a net margin of 14.52% and a return on equity of 9.28%. The business's revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, April 28th. Shareholders 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 yield of 7.45%. 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 buyback program on Tuesday, July 23rd 2019, which permits the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

25 Wall Street analysts have issued 1 year price objectives for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $39.11 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

News stories about WFC stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a coverage optimism score of -4.6 on InfoTrie's scale. They also assigned headlines 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 impact 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), Industrial & Cmrcl Bnk f China (IDCBY), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), Capital One Financial (COF), Mizuho Financial Group (MFG), SunTrust Banks (STI), Intesa Sanpaolo (ISNPY) 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 institutional and retail 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 $27.40.

Wells Fargo & Co has a market capitalization of $112.34 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]