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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Wells Fargo & Company from $59.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday, July 18th. Credit Suisse Group dropped their price target on Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Monday, July 18th. Raymond James decreased their price objective on Wells Fargo & Company from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Citigroup dropped their target price on shares of Wells Fargo & Company from $56.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday, July 12th. Finally, Royal Bank of Canada lowered their price target on shares of Wells Fargo & Company from $55.00 to $45.00 and set a "sector perform" rating for the company in a research report on Friday, July 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $55.31.

Wells Fargo & Company Stock Performance

Shares of Wells Fargo & Company stock traded up $0.69 during midday trading on Friday, hitting $45.94. The company had a trading volume of 10,706,009 shares, compared to its average volume of 17,776,806. The company has a fifty day simple moving average of $41.41 and a 200 day simple moving average of $46.60. The stock has a market cap of $174.25 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 1.11 and a beta of 1.18. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. Wells Fargo & Company has a 12-month low of $36.54 and a 12-month high of $60.30.

Wells Fargo & Company (NYSE:WFC - Get Rating) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.14). Wells Fargo & Company had a net margin of 22.52% and a return on equity of 10.67%. The company had revenue of $17.03 billion for the quarter, compared to analyst estimates of $17.54 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, analysts predict that Wells Fargo & Company will post 4 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 5th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.25. Wells Fargo & Company's payout ratio is currently 28.78%.