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

$26.29

-0.93 (-3.42 %)

(As of 05/29/2020 01:25 PM ET)

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Today's Range

$26.09

Now: $26.29▼

$27.06

50-Day Range

$22.53

MA: $27.02▼

$33.20

52-Week Range

$22.00

Now: $26.29▼

$54.75

Volume1.65 million shs

Average Volume49.11 million shs

Market Capitalization$107.79 billion

P/E Ratio9.29

Dividend Yield7.30%

Beta1.18

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services. As of February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

3.9 Analyst's Opinion

Consensus Rating
Wells Fargo & Co has received a consensus rating of Hold. The company's average rating score is 1.84, and is based on 2 buy ratings, 17 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.11, Wells Fargo & Co has a potential upside of 48.8% from its current price of $26.28.
Amount of Analyst Coverage
Wells Fargo & Co has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Wells Fargo & Co has received 1,321 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Wells Fargo & Co has received 1,406 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Wells Fargo & Co has received 51.56% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Co and other stocks. Vote “Outperform” if you believe WFC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WFC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Wells Fargo & Co is a leading dividend payer. It pays a dividend yield of 7.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Wells Fargo & Co has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Wells Fargo & Co is 46.58 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Wells Fargo & Co will have a dividend payout ratio of 81.60 % in the coming year. This indicates that Wells Fargo & Co may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wells Fargo & Co insiders have bought more of their company's stock than they have sold. Specifically, they have bought $5,553,970.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Wells Fargo & Co is held by insiders.
Percentage Held by Institutions
73.16% of the stock of Wells Fargo & Co is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Wells Fargo & Co are expected to grow by 216.46% in the coming year, from $0.79 to $2.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wells Fargo & Co is 9.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wells Fargo & Co is 9.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.14.
Price to Earnings Growth Ratio
Wells Fargo & Co has a PEG Ratio of 3.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Wells Fargo & Co has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.48 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryDiversified Banks

SectorFinance

Current SymbolNYSE:WFC

Previous Symbol

CUSIP94974610

CIK72971

Webwww.wellsfargo.com

Phone866-249-3302

Debt

Debt-to-Equity Ratio1.47

Current Ratio0.87

Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio9.29

Forward P/E Ratio33.28

P/E Growth3.48

Sales & Book Value

Annual Sales$103.92 billion

Price / Sales1.04

Cash Flow$6.23 per share

Price / Cash Flow4.22

Book Value$39.51 per share

Price / Book0.67

Profitability

EPS (Most Recent Fiscal Year)$4.38

Net Income$19.55 billion

Net Margins14.52%

Return on Equity9.28%

Return on Assets0.81%

Miscellaneous

Employees260,000

Outstanding Shares4,100,000,000

Market Cap$107.79 billion

Next Earnings Date7/21/2020 (Estimated)

OptionableOptionable

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Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions

How has Wells Fargo & Co's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, WFC shares have decreased by 18.7% and is now trading at $26.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Wells Fargo & Co?

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.

When is Wells Fargo & Co's next earnings date?

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.

How were Wells Fargo & Co's earnings last quarter?

Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by $0.85. The financial services provider earned $17.72 billion during the quarter, compared to analyst estimates of $19.40 billion. Wells Fargo & Co had a return on equity of 9.28% and a net margin of 14.52%. The business's quarterly revenue was down 18.0% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. View Wells Fargo & Co's earnings history.

How often does Wells Fargo & Co pay dividends? What is the dividend yield for Wells Fargo & Co?

Wells Fargo & Co announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.51 per share on Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Thursday, May 7th. View Wells Fargo & Co's dividend history.

How will Wells Fargo & Co's stock buyback program work?

Wells Fargo & Co declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 23rd 2019, which allows the company to buyback 350,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

What price target have analysts set for WFC?

25 Wall Street analysts have issued twelve-month price targets for Wells Fargo & Co's shares. Their forecasts range from $19.00 to $60.00. On average, they anticipate Wells Fargo & Co's share price to reach $39.11 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

Has Wells Fargo & Co been receiving favorable news coverage?

Media headlines about WFC stock have been trending positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the near future. View the latest news aboutWells Fargo & Co.

Who are some of Wells Fargo & Co's key competitors?

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), SunTrust Banks (STI), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY) and Intesa Sanpaolo (ISNPY). View all competitors.

What other stocks do shareholders of Wells Fargo & Co own?

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).

Who are Wells Fargo & Co's key executives?

Wells Fargo & Co's management team includes the following people:

Mr. Charles W. Scharf, Pres, CEO & Director (Age 55)
Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 54)
Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 56)
Ms. Mary Tabb Mack, Sr. EVP, CEO of Consumer & Small Bus. Banking and Interim CEO of Consumer Lending (Age 57)
Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 50)

What is Wells Fargo & Co's stock symbol?

Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."

Who are Wells Fargo & Co's major shareholders?

Wells Fargo & Co's stock is owned by a variety of retail and institutional 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.

Which institutional investors are selling Wells Fargo & Co stock?

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.

Which institutional investors are buying Wells Fargo & Co stock?

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.

How do I buy shares of 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.

What is Wells Fargo & Co's stock price today?

One share of WFC stock can currently be purchased for approximately $26.28.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $107.75 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.

What is Wells Fargo & Co's official website?

The official website for Wells Fargo & Co is www.wellsfargo.com.

How can I contact Wells Fargo & Co?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff