NYSE:WFC

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

$43.54

+1.96 (+4.71%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $42.16
▼
$43.59
50-Day Range: $40.01
▼
$46.14
52-Week Range: $36.54
▼
$60.30

Volume: 18.26 million shs
Average Volume: 17.25 million shs
Market Capitalization: $165.15 billion

P/E Ratio: 10.44
Dividend Yield: 2.89%
Price Target: $55.97

Wells Fargo & Company MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 27.5% Upside
$55.50 Price Target
Short Interest: Healthy
0.90% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.35
Upright™ Environmental Score
News Sentiment: 0.54
Based on 20 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 29.07%
From $3.99 to $5.15 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.24 out of 5 stars

Finance Sector

24th out of 925 stocks

National Commercial Banks Industry

7th out of 89 stocks

4.4

Analyst's Opinion

Consensus Rating
Wells Fargo & Company has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $55.50, Wells Fargo & Company has a forecasted upside of 27.5% from its current price of $43.54.
Amount of Analyst Coverage
Wells Fargo & Company has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.90% of the float of Wells Fargo & Company has been sold short.
Short Interest Ratio / Days to Cover
Wells Fargo & Company has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Wells Fargo & Company has recently increased by 1.37%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Wells Fargo & Company pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Wells Fargo & Company has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Wells Fargo & Company is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 23.30% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Wells Fargo & Company has received a 14.12% net impact score from Upright. Wells Fargo seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Life annuities", and "Commercial deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Wells Fargo & Company is -0.35.

2.0

News and Social Media Coverage

News Sentiment
Wells Fargo & Company has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Wells Fargo & Company this week, compared to 18 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 8 reddit mentions for Wells Fargo & Company this week, compared to 8 mentions on an average week.
Search Interest
Only 45 people have searched for WFC on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
MarketBeat Follows
Only 21 people have added Wells Fargo & Company to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wells Fargo & Company insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Wells Fargo & Company is held by insiders.
Percentage Held by Institutions
72.23% of the stock of Wells Fargo & Company 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 & Company are expected to grow by 29.07% in the coming year, from $3.99 to $5.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Wells Fargo & Company is 10.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Wells Fargo & Company is 10.44, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.04.
Price to Earnings Growth Ratio
Wells Fargo & Company has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Wells Fargo & Company has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Wells Fargo & Company (NYSE:WFC) Stock

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.

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WFC Stock News Headlines

October 3, 2022 | marketbeat.com

Fraud, scam cases increasing on Zelle, Senate report finds

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report coming out Monday from the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle

September 21, 2022 | marketbeat.com

Bank CEOs warn of 'daunting' challenges from inflation

In what has become an annual ritual, the CEOs of the major U.S. banks are appearing in front of Congress to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans

September 21, 2022 | marketbeat.com

Wall Street CEOs appear on Capitol Hill as election looms

In what has become an annual ritual, the CEOs of the major U.S. banks are appearing in front of Congress this week, to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans

October 5, 2022 | americanbankingnews.com

The Goldman Sachs Group Upgrades Wells Fargo & Company (NYSE:WFC) to "Buy"

October 4, 2022 | finance.yahoo.com

Wells Fargo joins growing roster of tenants at Springline in Menlo Park

October 3, 2022 | msn.com

Charting Wells Fargo's Rally After Upgrade By This Fellow Bank

October 3, 2022 | finance.yahoo.com

Wells Fargo wins analyst upgrade as bank’s weaknesses now seen as strengths

October 3, 2022 | morningstar.com

October 3, 2022 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About Wells Fargo

October 3, 2022 | cnbc.com

Wells Fargo gets a major buy recommendation for many of the same reasons that we own the stock

October 3, 2022 | cnbc.com

Goldman Sachs upgrades Wells Fargo to buy, says it's an 'underappreciated earnings growth story'

September 30, 2022 | finance.yahoo.com

Wells Fargo Donates $1 Million Toward Hurricane Relief in Florida

September 30, 2022 | finance.yahoo.com

Consumer Complaints About Crypto on the Rise Amid Crypto Slump, Data Shows

September 30, 2022 | marketwatch.com

The Ratings Game: Bed Bath & Beyond’s Q2 results ‘indefensible’, says Wells Fargo analyst

September 29, 2022 | nasdaq.com

Coinbase Stock (NASDAQ:COIN) Falls after Wells Fargo’s Sell Rating

September 29, 2022 | benzinga.com

Immunovant's New Candidate Provides Some Strategic Flexibility & Clarity, Analysts Say

September 29, 2022 | bizjournals.com

Foundation For The Carolinas, Wells Fargo kick off program for diverse business owners

September 29, 2022 | finance.yahoo.com

With Wells Fargo & Company's (NYSE:WFC)) price down 3.5% this week, insiders might find some solace having sold US$1.0m worth of shares earlier this year.

September 28, 2022 | finance.yahoo.com

Wells Fargo Provides $500,000 To Help Small Businesses Raise Capital Through SMBX and the DC Rebuild Bond Program

September 27, 2022 | finance.yahoo.com

San Diego Housing Commission Receives $7.5 Million Wells Fargo Grant to Increase Homeownership for People of Color

September 27, 2022 | finance.yahoo.com

The Savarick Group Joins Wells Fargo Advisors

September 27, 2022 | finance.yahoo.com

Top Analyst Reports for Procter & Gamble, UPS, Verizon & Wells Fargo

September 27, 2022 | finance.yahoo.com

Exclusive: Wells Fargo infusing D.C. small-business program with cash

September 26, 2022 | benzinga.com

Here's Why Wells Fargo Continues To Recommend Zscaler As A 'Top Pick'

September 26, 2022 | finance.yahoo.com

See More Headlines

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WFC Company Calendar

Last Earnings: 7/15/2022
Ex-Dividend for 9/1 Dividend: 8/04/2022
Dividend Payable: 9/01/2022
Today: 10/05/2022
Next Earnings (Estimated): 10/13/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: Diversified Banks
Sector: Finance
Current Symbol: NYSE:WFC
CUSIP: 94974610
CIK: 72971
Web: www.wellsfargo.com
Phone: (866) 249-3302
Fax: 302-636-5454
Employees: 247,848
Year Founded: 1852

Price Target and Rating

Average Stock Price Forecast: $55.32
High Stock Price Forecast: $67.00
Low Stock Price Forecast: $45.00
Forecasted Upside/Downside: +28.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.17
Trailing P/E Ratio: 10.44
Forward P/E Ratio: 10.91
P/E Growth: 1.02
Net Income: $21.55 billion
Net Margins: 22.52%
Pretax Margin: 29.47%
Return on Equity: 10.67%
Return on Assets: 0.91%

Debt

Debt-to-Equity Ratio: 0.94
Current Ratio: 0.81
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $82.41 billion
Price / Sales: 2.00
Cash Flow: $7.51 per share
Price / Cash Flow: 5.80
Book Value: $41.41 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 3,793,050,000
Free Float: 3,791,153,000
Market Cap: $165.15 billion
Optionable: Optionable
Beta: 1.13

Social Links

Key Executives

Mr. Charles W. Scharf (Age 57)
Pres, CEO & Director
Comp: $7.87M

Mr. Michael P. Santomassimo (Age 47)
Sr. EVP & CFO
Comp: $4.49M

Mr. Scott E. Powell (Age 60)
Sr. EVP & COO
Comp: $3.74M

Mr. Jonathan Geoffrey Weiss (Age 64)
Sr. EVP and CEO of Corp. & Investment Banking
Comp: $3.69M

Mr. Ather Williams III (Age 51)
Sr. EVP and Head of Strategy, Digital & Innovation
Comp: $5.1M

Ms. Muneera S. Carr (Age 53)
Chief Accounting Officer, Exec. VP & Controller

Mr. David Owen
Chief Admin. Officer

Mr. John M. Campbell
Director of Investor Relations

Ms. Ellen Reilly Patterson Esq. (Age 48)
J.D., Sr. EVP & Gen. Counsel

Ms. Paula Ann Dominick (Age 62)
Chief Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WFC Stock - Frequently Asked Questions

Should I buy or sell Wells Fargo & Company stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WFC shares.
View WFC analyst ratings or view top-rated stocks.
What is Wells Fargo & Company's stock price forecast for 2022?: 16 Wall Street research analysts have issued 1 year price objectives for Wells Fargo & Company's shares. Their WFC share price forecasts range from $45.00 to $67.00. On average, they predict the company's share price to reach $55.50 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for WFC or view top-rated stocks among Wall Street analysts.
How have WFC shares performed in 2022?: Wells Fargo & Company's stock was trading at $47.98 on January 1st, 2022. Since then, WFC shares have decreased by 9.3% and is now trading at $43.54.
View the best growth stocks for 2022 here.
When is Wells Fargo & Company's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our WFC earnings forecast.
How were Wells Fargo & Company's earnings last quarter?: Wells Fargo & Company (NYSE:WFC) released its quarterly earnings data on Friday, July, 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.03. The financial services provider had revenue of $17.03 billion for the quarter, compared to analyst estimates of $17.54 billion. Wells Fargo & Company had a trailing twelve-month return on equity of 10.67% and a net margin of 22.52%. The company's quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 EPS.
Read the conference call transcript.
How often does Wells Fargo & Company pay dividends? What is the dividend yield for Wells Fargo & Company?: Wells Fargo & Company announced a quarterly dividend on Tuesday, July 26th. Stockholders of record on Friday, August 5th will be paid a dividend of $0.30 per share on Thursday, September 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, August 4th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for WFC.
Is Wells Fargo & Company a good dividend stock?: Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.89%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 23.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WFC.
What is Charlie Scharf's approval rating as Wells Fargo & Company's CEO?: 1,413 employees have rated Wells Fargo & Company Chief Executive Officer Charlie Scharf on Glassdoor.com. Charlie Scharf has an approval rating of 67% among the company's employees.

What other stocks do shareholders of Wells Fargo & Company own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Company investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Intel (INTC), General Electric (GE), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).
What is Wells Fargo & Company's stock symbol?: Wells Fargo & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
Who are Wells Fargo & Company's major shareholders?: Wells Fargo & Company's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Rempart Asset Management Inc. (0.01%), Private Asset Management Inc. (0.00%), Bowling Portfolio Management LLC (0.00%), Thomasville National Bank (0.00%), Symmetry Partners LLC (0.00%) and First Financial Bank Trust Division (0.00%). Insiders that own company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf and Kleber Santos.
View institutional ownership trends.
How do I buy shares of Wells Fargo & Company?: Shares of WFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Wells Fargo & Company's stock price today?: One share of WFC stock can currently be purchased for approximately $43.54.
How much money does Wells Fargo & Company make?: Wells Fargo & Company (NYSE:WFC) has a market capitalization of $165.15 billion and generates $82.41 billion in revenue each year. The financial services provider earns $21.55 billion in net income (profit) each year or $4.17 on an earnings per share basis.
How many employees does Wells Fargo & Company have?: The company employs 247,848 workers across the globe.
Does Wells Fargo & Company have any subsidiaries?: The following companies are subsidiares of Wells Fargo & Company: Castle Pines Capital, EVEREN Capital Corporation, Merlin Securities, NVP Associates LLC, Norwest Venture Partners XII LP, Norwest Venture Partners XIII LP, Norwest Venture Partners XIV LP, Norwest Venture Partners XV LP, OmniPlus Capital Corporation, Peony Asset Management Inc., Ragen Mackenzie, Silver Asset Management Inc., WFC Holdings LLC, Wachovia Corporation, Wells Fargo Bank National Association, Wells Fargo Clearing Services LLC, Wells Fargo Equipment Finance Inc., Wells Fargo Funding LLC, Wells Fargo International Solutions Private Limited, Wells Fargo Municipal Capital Strategies LLC, Wells Fargo National Bank West, and Wells Fargo Securities LLC.
Read More
How can I contact Wells Fargo & Company?: Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The official website for the company is www.wellsfargo.com. The financial services provider can be reached via phone at (866) 249-3302, via email at investorrelations@wellsfargo.com, or via fax at 302-636-5454.

This page (NYSE:WFC) was last updated on 10/5/2022 by MarketBeat.com Staff

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

Wells Fargo & Company MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Wells Fargo & Company (NYSE:WFC) Stock

WFC Stock News Headlines

WFC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

WFC Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™