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

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WFC stock has decreased by 23.2% and is now trading at $24.84.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 4 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
View our earnings forecast for Wells Fargo & Co.

Wells Fargo & Co (NYSE:WFC) announced its quarterly earnings data on Tuesday, July, 14th. The financial services provider reported ($0.66) EPS for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.50. The financial services provider earned $17.80 billion during the quarter, compared to analyst estimates of $18.30 billion. Wells Fargo & Co had a net margin of 6.26% and a return on equity of 4.33%. The company's quarterly revenue was down 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 EPS.
View Wells Fargo & Co's earnings history.

Wells Fargo & Co announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, August 6th.
View Wells Fargo & Co's dividend history.

Wells Fargo & Co announced that its Board of Directors has authorized a share buyback program on Tuesday, July 23rd 2019, which permits the company to buyback 350,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

26 brokers have issued 12-month price objectives for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $33.76 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price.
View analysts' price targets for Wells Fargo & Co.

News stories about WFC stock have been trending extremely negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future.
View the latest news about Wells Fargo & Co.

Wells Fargo & Co saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 36,910,000 shares, a decline of 18.3% from the June 15th total of 45,160,000 shares. Based on an average trading volume of 49,970,000 shares, the short-interest ratio is currently 0.7 days. Approximately 0.9% of the shares of the company are short sold.
View Wells Fargo & Co's Short Interest.

Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), DBS GRP HOLDING/S (DBSDY), Intesa Sanpaolo (ISNPY), National Australia Bank (NABZY), Mizuho Financial Group (MFG), Capital One Financial (COF), China Minsheng Banking (CMAKY) and BANCO DO BRASIL/S (BDORY).
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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), Exxon Mobil (XOM), Cisco Systems (CSCO), Walt Disney (DIS), Johnson & Johnson (JNJ) and Citigroup (C).

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 variety of retail and institutional investors. Top institutional shareholders include Davis Selected Advisers (0.69%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Pzena Investment Management LLC (0.33%), Rothschild & Co Wealth Management UK Ltd (0.25%), Sanders Capital LLC (0.25%) and California Public Employees Retirement System (0.21%). 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 Toronto Dominion Bank, Sanders Capital LLC, Schafer Cullen Capital Management Inc, Alleghany Corp DE, MUFG Securities EMEA plc, Alta Capital Management LLC, Banco Santander S.A., and Ensign Peak Advisors Inc.
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 Bank of Nova Scotia, Pzena Investment Management LLC, Nordea Investment Management AB, Prudential Financial Inc., Healthcare of Ontario Pension Plan Trust Fund, Davis Selected Advisers, Teacher Retirement System of Texas, and Rafferty Asset Management LLC. 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 $24.84.

Wells Fargo & Co has a market capitalization of $102.34 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, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]