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

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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Credit Suisse Group reduced their target price on shares of Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. Citigroup lowered their target price on shares of Wells Fargo & Company from $56.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, July 12th. Raymond James reduced their price objective on shares of Wells Fargo & Company from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Jefferies Financial Group dropped their target price on Wells Fargo & Company from $55.00 to $47.00 in a report on Monday, July 11th. Finally, Barclays reduced their price objective on Wells Fargo & Company from $64.00 to $58.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.31.

Wells Fargo & Company Stock Performance

WFC traded down $0.45 during trading on Monday, hitting $45.49. The stock had a trading volume of 66,212 shares, compared to its average volume of 27,015,584. The firm has a market cap of $172.55 billion, a PE ratio of 11.02, a P/E/G ratio of 1.13 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $36.54 and a 12 month high of $60.30. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a 50 day simple moving average of $41.41 and a 200-day simple moving average of $46.50.

Wells Fargo & Company (NYSE:WFC - Get Rating) last issued its earnings results on Friday, July 15th. The financial services provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.14). Wells Fargo & Company had a net margin of 22.52% and a return on equity of 10.67%. The business had revenue of $17.03 billion for the quarter, compared to analyst estimates of $17.54 billion. During the same quarter last year, the firm posted $1.38 earnings per share. Wells Fargo & Company's revenue was down 16.0% on a year-over-year basis. Analysts expect that Wells Fargo & Company will post 4 EPS for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. This is an increase from Wells Fargo & Company's previous quarterly dividend of $0.25. The ex-dividend date is Thursday, August 4th. Wells Fargo & Company's payout ratio is 28.78%.