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 stock has decreased by 24.7% and is now trading at $24.36.
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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 earnings results on Tuesday, July, 14th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.50. The financial services provider had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $18.30 billion. Wells Fargo & Co had a net margin of 6.26% and a return on equity of 4.33%. Wells Fargo & Co's revenue was down 17.5% on a year-over-year basis. During the same period last year, the firm 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 1.64%. 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 has initiated a share buyback program on Tuesday, July 23rd 2019, which allows the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

26 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 anticipate Wells Fargo & Co's share price to reach $33.76 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
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Headlines about WFC stock have been trending positive on Friday, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a coverage optimism score of 2.1 on InfoTrie's scale. They also gave news stories 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 impact on the stock's share price in the next several days.
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Wells Fargo & Co saw a decrease in short interest in 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 trading volume, of 51,300,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company's 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 many different 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 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 Alecta Pensionsforsakring Omsesidigt.
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WFC stock was acquired by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Prudential PLC, Hosking Partners LLP, Wilsey Asset Management Inc., Scharf Investments LLC, LSV Asset Management, Pacer Advisors Inc., and Manitou Investment Management Ltd.. 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 $24.36.

Wells Fargo & Co has a market capitalization of $100.36 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]