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. Since then, WFC shares have decreased by 22.5% and is now trading at $25.07.
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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) released its earnings results on Tuesday, July, 14th. The financial services provider reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.50. The financial services provider earned $17.80 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.30 earnings per share.
View Wells Fargo & Co's earnings history.

Wells Fargo & Co announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, August 6th.
View Wells Fargo & Co's dividend history.

Wells Fargo & Co declared that its Board of Directors has approved a stock buyback 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. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

26 Wall Street analysts have issued 1-year price targets for Wells Fargo & Co's shares. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $33.76 in the next year. This suggests a possible upside of 34.7% from the stock's current price.
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Media coverage about WFC stock has been trending somewhat negative recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Wells Fargo & Co.

Wells Fargo & Co saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 30,110,000 shares, a decrease of 18.4% from the July 15th total of 36,910,000 shares. Based on an average daily volume of 51,300,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the stock are short sold.
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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), Intesa Sanpaolo (ISNPY), DBS GRP HOLDING/S (DBSDY), 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), 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 a number of retail and institutional investors. Top institutional investors 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 Schafer Cullen Capital Management Inc, Alleghany Corp DE, Alta Capital Management LLC, Banco Santander S.A., DAVENPORT & Co LLC, Sumitomo Mitsui Trust Holdings Inc., M&G Investment Management Ltd., and Vaughan David Investments LLC IL.
View insider buying and selling activity for Wells Fargo & Co.

WFC stock was acquired 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 $25.07.

Wells Fargo & Co has a market capitalization of $103.29 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]