Wells Fargo & Company (WFC) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WFC shares.
View WFC analyst ratings or view top-rated stocks.

15 Wall Street research analysts have issued twelve-month target prices for Wells Fargo & Company's stock. Their WFC share price forecasts range from $42.00 to $63.00. On average, they expect the company's share price to reach $49.45 in the next twelve months. This suggests a possible upside of 24.1% from the stock's current price.
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Wells Fargo & Company's stock was trading at $41.29 at the start of the year. Since then, WFC stock has decreased by 3.5% and is now trading at $39.84.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 21st 2023.
View our WFC earnings forecast.

Wells Fargo & Company (NYSE:WFC) released its quarterly earnings results on Friday, April, 14th. The financial services provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.08. The financial services provider earned $20.73 billion during the quarter, compared to analysts' expectations of $20.06 billion. Wells Fargo & Company had a net margin of 15.93% and a trailing twelve-month return on equity of 10.07%. Wells Fargo & Company's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS.
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Wells Fargo & Company announced a quarterly dividend on Tuesday, April 25th. Investors of record on Friday, May 5th will be given a dividend of $0.30 per share on Thursday, June 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, May 4th.
Read our dividend analysis for WFC.

ETFs with the largest weight of Wells Fargo & Company (NYSE:WFC) stock in their portfolio include Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Davis Select U.S. Equity ETF (DUSA), Davis Select Financial ETF (DFNL), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Davis Select Worldwide ETF (DWLD), Gabelli Financial Services Opportunities ETF (GABF) and Alpha Intelligent - Large Cap Value ETF (AILV).

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.91%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 25.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WFC.

1,413 employees have rated Wells Fargo & Company Chief Executive Officer Charlie Scharf on Glassdoor.com. Charlie Scharf has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Company investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Intel (INTC), General Electric (GE), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

Wells Fargo & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."

Wells Fargo & Company's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dodge & Cox (3.21%), Price T Rowe Associates Inc. MD (2.35%), Geode Capital Management LLC (1.83%), Bank of New York Mellon Corp (0.83%), Davis Selected Advisers (0.81%) and Sanders Capital LLC (0.63%). Insiders that own company stock include Beurden Saul Van, Felicia F Norwood and Kleber Santos.
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Shares of WFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WFC stock can currently be purchased for approximately $39.84.

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $149.49 billion and generates $82.86 billion in revenue each year. The financial services provider earns $13.18 billion in net income (profit) each year or $3.49 on an earnings per share basis.

The company employs 238,000 workers across the globe.

Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The official website for the company is www.wellsfargo.com. The financial services provider can be reached via phone at (866) 249-3302, via email at investorrelations@wellsfargo.com, or via fax at 302-636-5454.