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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WFC shares.
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14 equities research analysts have issued twelve-month price targets for Wells Fargo & Company's shares. Their WFC share price forecasts range from $45.00 to $64.00. On average, they expect the company's stock price to reach $52.62 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
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Wells Fargo & Company's stock was trading at $41.29 at the beginning of the year. Since then, WFC shares have increased by 11.7% and is now trading at $46.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
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Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings results on Friday, January, 13th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The financial services provider had revenue of $19.66 billion for the quarter, compared to analyst estimates of $20.04 billion. Wells Fargo & Company had a net margin of 15.91% and a trailing twelve-month return on equity of 9.28%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS.

Wells Fargo & Company announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.30 per share on Wednesday, March 1st. This represents a $1.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 2nd.
Read our dividend analysis for WFC.

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.62%. 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 38.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 22.73% 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 a number of retail and institutional investors. Top institutional shareholders include New York State Teachers Retirement System (0.12%), Artemis Investment Management LLP (0.11%), DNB Asset Management AS (0.07%), Yacktman Asset Management LP (0.07%), Strs Ohio (0.06%) and Natixis Advisors L.P. (0.05%). Insiders that own company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf 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 $46.12.

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $175.74 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 $3.14 on an earnings per share basis.

The company employs 247,848 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.