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

Wells Fargo & Co's stock was trading at $32.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WFC stock has decreased by 22.1% and is now trading at $25.19.
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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) issued its quarterly earnings results on Tuesday, July, 14th. The financial services provider reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.50. The financial services provider earned $17.80 billion during the quarter, compared to analysts' expectations of $18.30 billion. Wells Fargo & Co had a return on equity of 4.33% and a net margin of 6.26%. The firm's revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS.
View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, July 28th. Stockholders 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 dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 6th.
View Wells Fargo & Co's dividend history.

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

26 brokerages have issued 12 month target prices for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's stock price to reach $33.76 in the next year. This suggests a possible upside of 34.0% from the stock's current price.
View analysts' price targets for Wells Fargo & Co.

Media stories about WFC stock have trended extremely negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -4.1 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
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 presently 0.7 days. Currently, 0.9% of the company's stock 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 FIL Ltd (0.24%). 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 bought by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, FIL Ltd, Pzena Investment Management LLC, Marshall Wace LLP, Nordea Investment Management AB, Marshall Wace North America L.P., Prudential Financial Inc., and Healthcare of Ontario Pension Plan Trust Fund. 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 $25.19.

Wells Fargo & Co has a market capitalization of $103.78 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]