Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services. The company's Wealth and Investment Management segment offers financial planning, private banking, credit, and investment management and fiduciary services, as well as retirement and trust services. As of September 4, 2018, it operated through 8,200 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 42 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Current SymbolNYSE:WFC
Previous Symbol
CUSIP94974610
Phone866-249-3302
Debt
Debt-to-Equity Ratio1.26
Current Ratio0.87
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio12.83
Forward P/E Ratio11.72
P/E Growth1.06
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.63
Cash Flow$5.6166 per share
Price / Cash9.39
Book Value$37.36 per share
Price / Book1.41
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Net Margins23.17%
Return on Equity12.69%
Return on Assets1.20%
Miscellaneous
Employees263,000
Outstanding Shares4,877,750,000
Market Cap$258.72 billion
OptionableOptionable
Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions
What is Wells Fargo & Co's stock symbol?
Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
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, October 23rd. Shareholders of record on Friday, November 9th will be paid a dividend of $0.43 per share on Saturday, December 1st. This represents a $1.72 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, November 8th. View Wells Fargo & Co's Dividend History.
How will Wells Fargo & Co's stock buyback program work?
Wells Fargo & Co declared that its board has authorized a share repurchase program on Tuesday, October 23rd 2018, which allows the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) announced its earnings results on Friday, October, 12th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by $0.04. The financial services provider had revenue of $21.94 billion for the quarter, compared to analysts' expectations of $21.90 billion. Wells Fargo & Co had a return on equity of 12.69% and a net margin of 23.17%. View Wells Fargo & Co's Earnings History.
When is Wells Fargo & Co's next earnings date?
How can I listen to Wells Fargo & Co's earnings call?
Wells Fargo & Co will be holding an earnings conference call on Tuesday, January 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for WFC?
21 brokers have issued twelve-month price targets for Wells Fargo & Co's shares. Their forecasts range from $58.00 to $70.00. On average, they expect Wells Fargo & Co's share price to reach $64.4118 in the next year. This suggests a possible upside of 22.1% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.
What is the consensus analysts' recommendation for Wells Fargo & Co?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 2 sell ratings, 5 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wells Fargo & Co.
What are Wall Street analysts saying about Wells Fargo & Co stock?
Here are some recent quotes from research analysts about Wells Fargo & Co stock:
- 1. According to Zacks Investment Research, "Shares of Wells Fargo have underperformed the industry over the last three months. Further, the company possesses a disappointing earnings surprise history, having beaten the Zacks Consensus Estimate in only one of the trailing four quarters. Following the sales scandal and other issues, Wells Fargo has been slapped with new sanctions, including a cap on the assets position by the Federal Reserve. Recently, the bank has been charged with a penalty of $2.09 billion by the U.S. Department of Justice. Though lower tax rate, easing of regulations and expansions will likely support the bank’s growth profile, the crisis related to the revelation of illegally opening millions of accounts in 2016, auto-lending issues and impact of other malpractices will take some time to alleviate. Recently, the company’s chief financial officer, John Shrewsberry, revealed a dismal picture for the bank’s loan book as well." (9/18/2018)
- 2. Vining Sparks analysts commented, "While the recent issues surrounding WFC have definitely damaged its reputation, we believe the fundamental profitability and earnings power of WFC’s franchise is still intact and currently hidden by recent issues. WFC should still generate a mid to high-single digit underlying increase in shareholder value on an annualized basis from dividend payouts and TBV growth. We believe this strong value creation paired with its currently pressured valuation should provide long-term investors that can wait for the inflection point in the second half of 2018E the opportunity to realize total returns over 20% over the next 12 to 18 months." (4/13/2018)
Has Wells Fargo & Co been receiving favorable news coverage?
News stories about WFC stock have trended extremely negative this week, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a news impact score of -4.0 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.
Are investors shorting Wells Fargo & Co?
Wells Fargo & Co saw a drop in short interest during the month of September. As of September 28th, there was short interest totalling 19,655,053 shares, a drop of 33.9% from the September 14th total of 29,726,042 shares. Based on an average trading volume of 21,294,450 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold. View Wells Fargo & Co's Current Options Chain.
Who are some of Wells Fargo & Co's key competitors?
Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), PNC Financial Services Group (PNC), Industrial & Cmrcl Bnk f China (IDCBY), UBS Group (UBS), National Australia Bank (NABZY), Mizuho Financial Group (MFG), DBS GRP HOLDING/S (DBSDY), Capital One Financial (COF), BB&T (BBT), Intesa Sanpaolo (ISNPY), BANCO DO BRASIL/S (BDORY) and SunTrust Banks (STI).
Who are Wells Fargo & Co's key executives?
Wells Fargo & Co's management team includes the folowing people:
- Mr. Timothy J. Sloan M.B.A., CEO, Pres & Director (Age 57)
- Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 52)
- Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 56)
- Mr. Jonathan Geoffrey Weiss, Sr. Exec. VP of Wealth & Investment Management
- Mr. Petros G. Pelos, Sr. EVP & Head of Wholesale Banking
Who are Wells Fargo & Co's major shareholders?
Wells Fargo & Co's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Franklin Resources Inc. (1.19%), Massachusetts Financial Services Co. MA (1.02%), Dimensional Fund Advisors LP (0.82%), Primecap Management Co. CA (0.79%), Longview Partners Guernsey LTD (0.34%) and Sanders Capital LLC (0.32%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll, Hope A Hardison, John R Shrewsberry, Mary T Mack, Michael J Loughlin, Petros G Pelos, Richard Levy, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Institutional Ownership Trends for Wells Fargo & Co.
Which major investors are selling Wells Fargo & Co stock?
WFC stock was sold by a variety of institutional investors in the last quarter, including Mitsubishi UFJ Trust & Banking Corp, Dimensional Fund Advisors LP, CI Investments Inc., Renaissance Technologies LLC, State Treasurer State of Michigan, Nokota Management LP, Franklin Resources Inc. and Massachusetts Financial Services Co. MA. Company insiders that have sold Wells Fargo & Co company stock in the last year include Avid Modjtabai, Hope A Hardison, John R Shrewsberry, Michael J Loughlin, Petros G Pelos and Richard Levy. View Insider Buying and Selling for Wells Fargo & Co.
Which major investors are buying Wells Fargo & Co stock?
WFC stock was purchased by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, OppenheimerFunds Inc., CIBC World Markets Inc., Standard Life Aberdeen plc, Gardner Russo & Gardner LLC, Artemis Investment Management LLP, Findlay Park Partners LLP and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought Wells Fargo & Co stock in the last two years include Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Wells Fargo & Co's stock price today?
One share of WFC stock can currently be purchased for approximately $52.74.
How big of a company is Wells Fargo & Co?
Wells Fargo & Co has a market capitalization of $258.72 billion and generates $97.74 billion in revenue each year. The financial services provider earns $22.18 billion in net income (profit) each year or $4.11 on an earnings per share basis. Wells Fargo & Co employs 263,000 workers across the globe.
What is Wells Fargo & Co's official website?
How can I contact Wells Fargo & Co?
Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]
MarketBeat Community Rating for Wells Fargo & Co (NYSE WFC)
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.
