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. It serves clients through approximately 8,300 locations and 13,000 ATMs; online and mobile banking; and offices in 42 countries. 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
SymbolNYSE:WFC
CUSIP94974610
Phone866-249-3302
Debt
Debt-to-Equity Ratio1.27
Current Ratio0.88
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio13.15
Forward P/E Ratio12.47
P/E Growth1.5
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.84
Cash Flow$5.8153 per share
Price / Cash9.80
Book Value$37.36 per share
Price / Book1.53
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Net Margins22.80%
Return on Equity12.46%
Return on Assets1.17%
Miscellaneous
Employees263,000
Outstanding Shares4,877,750,000
Market Cap$270,032.47
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, April 24th. Investors of record on Friday, May 4th will be paid a dividend of $0.39 per share on Friday, June 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, May 3rd. 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 approved a stock buyback program on Wednesday, January 24th 2018, which allows the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) posted its quarterly earnings data on Friday, October, 13th. The financial services provider reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $1.04 by $0.20. The financial services provider earned $21.93 billion during the quarter, compared to the consensus estimate of $22.30 billion. Wells Fargo & Co had a return on equity of 12.46% and a net margin of 22.80%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. View Wells Fargo & Co's Earnings History.
When is Wells Fargo & Co's next earnings date?
What price target have analysts set for WFC?
24 analysts have issued 1-year price objectives for Wells Fargo & Co's stock. Their forecasts range from $45.00 to $76.00. On average, they anticipate Wells Fargo & Co's share price to reach $62.90 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Ratings for Wells Fargo & Co.
What is the consensus analysts' recommendation for Wells Fargo & Co?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 3 sell ratings, 7 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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 underperformed the industry over the last six months. The company possesses a decent earnings surprise history, having beaten the Zacks Consensus Estimate in two of the trailing four quarters. Recently, the bank received the judge’s final approval for the settlement of $142 million worth class-action lawsuit related to the 3.5 million fake accounts scandal. Also, Wells Fargo was slapped with new sanctions, including a cap on the assets position by the Federal Reserve. 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 illegal accounts in 2016 will take some time to alleviate. Moroever, rising rates are expected to aid net interest income. Furthermore, the recent 2018 capital plan approval boosts investors' confidence." (7/15/2018)
- 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)
Are investors shorting 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 totalling 40,617,970 shares, a decrease of 7.7% from the May 31st total of 43,993,394 shares. Based on an average daily volume of 16,238,560 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.8% of the company's shares are sold short. 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), DBS Grp HOLDING/S (DBSDY), Capital One Financial (COF), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), BB&T (BBT), SunTrust Banks (STI) and Standard Chartered (SCBFF).
Who are Wells Fargo & Co's key executives?
Wells Fargo & Co's management team includes the folowing people:
- Mr. Timothy J. Sloan, 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
Has Wells Fargo & Co been receiving favorable news coverage?
News headlines about WFC stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wells Fargo & Co earned a media sentiment score of 0.00 on Accern's scale. They also gave media coverage about the financial services provider an impact score of 44.27 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Wells Fargo & Co's major shareholders?
Wells Fargo & Co's stock is owned by many different of institutional and retail investors. Top institutional investors include Alecta Pensionsforsakring Omsesidigt (0.28%), Swedbank (0.07%), Gateway Investment Advisers LLC (0.05%), Gulf International Bank UK Ltd (0.03%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%) and Welch & Forbes LLC (0.02%). 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 institutional investors are selling Wells Fargo & Co stock?
WFC stock was sold by a variety of institutional investors in the last quarter, including Swedbank, Alecta Pensionsforsakring Omsesidigt, Howard Capital Management Inc., Gateway Investment Advisers LLC, Manning & Napier Group LLC, Hudson Valley Investment Advisors Inc. ADV, Gofen & Glossberg LLC IL and Guardian Investment Management. Company insiders that have sold Wells Fargo & Co company stock in the last year include John R Shrewsberry, Michael J Loughlin, Petros G Pelos and Richard Levy. View Insider Buying and Selling for Wells Fargo & Co.
Which institutional investors are buying Wells Fargo & Co stock?
WFC stock was bought by a variety of institutional investors in the last quarter, including Addenda Capital Inc., State of Alaska Department of Revenue, IFM Investors Pty Ltd, PM CAPITAL Ltd, Midas Management Corp, Bremer Trust National Association, Denali Advisors LLC and Gulf International Bank UK 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 $56.99.
How big of a company is Wells Fargo & Co?
Wells Fargo & Co has a market capitalization of $270.03 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.
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.
