Wells Fargo & Company - WFC Stock Forecast, Price & News

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Wells Fargo & Company Trading Up 2.1 %

Shares of WFC Stock opened at $44.33 on Thursday. Wells Fargo & Company has a fifty-two week low of $36.54 and a fifty-two week high of $60.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a 50 day simple moving average of $41.40 and a two-hundred day simple moving average of $46.73. The company has a market cap of $168.15 billion, a P/E ratio of 10.63, a PEG ratio of 1.07 and a beta of 1.18.

Wells Fargo & Company (NYSE:WFC - Get Rating) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). The company had revenue of $17.03 billion during the quarter, compared to the consensus estimate of $17.54 billion. Wells Fargo & Company had a net margin of 22.52% and a return on equity of 10.67%. The business's revenue was down 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. Research analysts forecast that Wells Fargo & Company will post 4 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, August 4th. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.25. Wells Fargo & Company's dividend payout ratio is 28.78%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WFC. Raymond James lowered their price objective on shares of Wells Fargo & Company from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, June 24th. The Goldman Sachs Group raised their price objective on Wells Fargo & Company from $54.00 to $56.00 in a report on Thursday, April 14th. BMO Capital Markets lowered their target price on Wells Fargo & Company from $64.00 to $60.00 and set a "market perform" rating for the company in a report on Monday, April 18th. Citigroup cut their price target on Wells Fargo & Company from $56.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday, July 12th. Finally, Morgan Stanley upped their price objective on Wells Fargo & Company from $59.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday, July 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and a consensus price target of $55.31.