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

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. Since then, WFC stock has decreased by 24.1% and is now trading at $24.55. View which stocks have been most impacted by Coronavirus.

26 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Wells Fargo & Co.

Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, July 14th 2020. View our earnings forecast for Wells Fargo & Co.

Wells Fargo & Co will be holding an earnings conference call on Tuesday, July 14th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings results on Tuesday, April, 14th. The financial services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.85. The financial services provider had revenue of $17.72 billion for 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 revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. View Wells Fargo & Co's earnings history.

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 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Thursday, May 7th. View Wells Fargo & Co's dividend history.

Wells Fargo & Co declared that its Board of Directors has approved a stock buyback plan on Tuesday, July 23rd 2019, which authorizes the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

26 brokerages have issued 1-year price targets for Wells Fargo & Co's shares. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's stock price to reach $37.16 in the next year. This suggests a possible upside of 51.4% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

News coverage about WFC stock has been trending negative recently, according to InfoTrie. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Wells Fargo & Co.

Wells Fargo & Co saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 46,270,000 shares, a decrease of 8.4% from the May 31st total of 50,520,000 shares. Based on an average daily trading volume, of 49,670,000 shares, the short-interest ratio is presently 0.9 days. Approximately 1.1% of the shares of the company are short sold. View Wells Fargo & Co's Current Options Chain.

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), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY), Capital One Financial (COF) and BANCO DO BRASIL/S (BDORY). View all competitors.

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 a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.02%), PM CAPITAL Ltd (0.02%), Cardinal Capital Management Inc. (0.01%), DNB Asset Management AS (0.01%), First American Trust FSB (0.00%) and Farmers Trust Co. (0.00%). 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 Municipal Employees Retirement System of Michigan, PM CAPITAL Ltd, Red Door Wealth Management LLC, Global Trust Asset Management LLC, Clarius Group LLC, Private Trust Co. NA, First Financial Bank Trust Division, and Boltwood Capital Management. View insider buying and selling activity for Wells Fargo & Co.

WFC stock was purchased by a variety of institutional investors in the last quarter, including First American Trust FSB, State of Alaska Department of Revenue, Cardinal Capital Management Inc., Farmers Trust Co., Modus Advisors LLC, Legacy Capital Partners Inc., Triangle Securities Wealth Management, and Cullinan Associates Inc.. 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 $24.55.

Wells Fargo & Co has a market capitalization of $100.65 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, 94104. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]