NYSE:WFC Wells Fargo & Company (WFC) Stock Forecast, Price & News $42.37 +0.30 (+0.71%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$41.56▼$42.4050-Day Range$36.72▼$42.3752-Week Range$35.25▼$48.84Volume17.14 million shsAverage Volume23.29 million shsMarket Capitalization$158.98 billionP/E Ratio12.14Dividend Yield2.83%Price Target$48.97 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Wells Fargo & Company MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside15.6% Upside$48.97 Price TargetShort InterestHealthy0.91% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.35Upright™ Environmental ScoreNews Sentiment0.65Based on 12 Articles This WeekInsider TradingAcquiring Shares$1,451 Bought Last QuarterProj. Earnings Growth-0.84%From $4.79 to $4.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.01 out of 5 starsFinance Sector94th out of 857 stocksNational Commercial Banks Industry16th out of 85 stocks 3.3 Analyst's Opinion Consensus RatingWells Fargo & Company has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.97, Wells Fargo & Company has a forecasted upside of 15.6% from its current price of $42.37.Amount of Analyst CoverageWells Fargo & Company has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.91% of the float of Wells Fargo & Company has been sold short.Short Interest Ratio / Days to CoverWells Fargo & Company has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Wells Fargo & Company has recently decreased by 2.67%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldWells Fargo & Company pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthWells Fargo & Company has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Wells Fargo & Company is 34.38%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 25.26% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreWells Fargo & Company has received a 14.12% net impact score from Upright. Wells Fargo seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Life annuities", and "Commercial deposit accounts" products. See details.Environmental SustainabilityThe Environmental Impact score for Wells Fargo & Company is -0.35. Previous Next 1.5 News and Social Media Coverage News SentimentWells Fargo & Company has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Wells Fargo & Company this week, compared to 24 articles on an average week.Search InterestOnly 67 people have searched for WFC on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 17 people have added Wells Fargo & Company to their MarketBeat watchlist in the last 30 days. This is a decrease of -37% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Wells Fargo & Company insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,451.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.07% of the stock of Wells Fargo & Company is held by insiders.Percentage Held by Institutions72.24% of the stock of Wells Fargo & Company is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Wells Fargo & Company are expected to decrease by -0.84% in the coming year, from $4.79 to $4.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Wells Fargo & Company is 12.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Wells Fargo & Company is 12.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 146.58.Price to Earnings Growth RatioWells Fargo & Company has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioWells Fargo & Company has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Wells Fargo & Company (NYSE:WFC) StockWells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage products and services, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment offers banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment offers 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. The Wealth & Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. The comRead More Receive WFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Wells Fargo & Company and its competitors with MarketBeat's FREE daily newsletter. Email Address WFC Stock News HeadlinesMay 23, 2023 | marketbeat.com3 Large Banks Presenting Value Opportunities After Sector Selloff (WFC)Regional bank failures impacted the broad financials sector, but large-caps Bank of America, Wells Fargo, and U.S. Bancorp are showing value opportunities.May 16, 2023 | marketbeat.comWells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuitWells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholdersJune 9, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 9, 2023 | americanbankingnews.comWells Fargo & Company (NYSE:WFC) Downgraded by Odeon Capital GroupJune 7, 2023 | finance.yahoo.comHalf of business owners do not want their children to inherit, survey findsJune 7, 2023 | finance.yahoo.comWells Fargo Launches Sports & Entertainment Program to meet unique wealth management needsJune 6, 2023 | finance.yahoo.comIs It Worth Investing in Wells Fargo (WFC) Based on Wall Street's Bullish Views?June 5, 2023 | finance.yahoo.comHalf of Business Owners Do Not Want Their Children to Inherit, Run BusinessJune 9, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.June 4, 2023 | news.yahoo.comWells Fargo-backed grant program to dole out $5M more to diverse small businesses in CharlotteJune 3, 2023 | finance.yahoo.comWells Fargo Seeks to Settle ‘Banking While Black’ Mortgage CaseJune 2, 2023 | bizjournals.comWells Fargo-backed grant program to dole out $5M more to Charlotte diverse small businessesJune 2, 2023 | bizjournals.comWells Fargo CEO Charlie Scharf says things are bad in CRE lending, and likely to get worseJune 2, 2023 | finance.yahoo.comFDIC-Insured Banks' Q1 Earnings Up on Higher NII, Two Banks FailJune 2, 2023 | msn.comWells Fargo looks to sell prime uptown property as it reduces office footprintJune 1, 2023 | bizjournals.comWells Fargo looks to sell prime Charlotte property, towerJune 1, 2023 | bizjournals.comWells Fargo looks to sell prime uptown Charlotte property, tower as it prepares to reduce office footprintMay 31, 2023 | finance.yahoo.comWells Fargo (WFC) Rides on Deposit Growth Amid Lower RevenuesMay 31, 2023 | seekingalpha.comWells Fargo & Company (WFC) Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)May 31, 2023 | finance.yahoo.comURGENT-Wells Fargo CEO says consumer spend remains strongMay 31, 2023 | bizjournals.comWells Fargo to close another Charlotte branch this summerMay 31, 2023 | finance.yahoo.comMichael Burry Is Now Betting on This Ex-Warren Buffett StockMay 30, 2023 | markets.businessinsider.comFormer Wells Fargo Executive Tolstedt Agrees To Settle SEC Fraud ChargesMay 30, 2023 | finance.yahoo.comWells Fargo (WFC) Stock Moves -0.61%: What You Should KnowMay 30, 2023 | marketwatch.comFormer Wells Fargo Exec Carrie Tolstedt Agrees to Pay $3M SEC FineMay 30, 2023 | msn.comFormer Wells Fargo executive agrees to pay $3 million fineMay 30, 2023 | bloomberg.comEx-Wells Fargo Executive Tolstedt Agreed to Pay $3 Million SEC PenaltySee More Headlines WFC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WFC Company Calendar Last Earnings4/14/2023Ex-Dividend for 6/1 Dividend5/04/2023Dividend Payable6/01/2023Today6/08/2023Next Earnings (Confirmed)7/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry National commercial banks Sub-IndustryDiversified Banks SectorFinance Current SymbolNYSE:WFC CUSIP94974610 CIK72971 Webwww.wellsfargo.com Phone(866) 249-3302Fax302-636-5454Employees238,000Year Founded1852Price Target and Rating Average Stock Price Forecast$48.97 High Stock Price Forecast$63.00 Low Stock Price Forecast$42.00 Forecasted Upside/Downside+16.7%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$3.49 Trailing P/E Ratio12.14 Forward P/E Ratio8.85 P/E Growth0.84Net Income$13.18 billion Net Margins15.93% Pretax Margin17.74% Return on Equity10.07% Return on Assets0.86% Debt Debt-to-Equity Ratio1.06 Current Ratio0.83 Quick Ratio0.83 Sales & Book Value Annual Sales$82.86 billion Price / Sales1.92 Cash Flow$5.39 per share Price / Cash Flow7.86 Book Value$42.63 per share Price / Book0.99Miscellaneous Outstanding Shares3,752,220,000Free Float3,749,596,000Market Cap$158.98 billion OptionableOptionable Beta1.12 Social Links Key ExecutivesCharlie ScharfPresident, Chief Executive Officer & DirectorScott E. PowellChief Operating Officer & Senior Executive VPMichael P. SantomassimoChief Financial Officer & Senior Executive VPTracy KerrinsHead-TechnologyPaula DominickChief Compliance OfficerKey CompetitorsU.S. BancorpNYSE:USBCitigroupNYSE:CBank of AmericaNYSE:BACUBS GroupNYSE:UBSThe PNC Financial Services GroupNYSE:PNCView All CompetitorsInsiders & InstitutionsSweeney & Michel LLCBought 22,025 shares on 6/7/2023Ownership: 0.001%Berkshire Asset Management LLC PABought 16,973 shares on 6/6/2023Ownership: 0.007%EP Wealth Advisors LLCBought 3,467 shares on 6/5/2023Ownership: 0.000%Kennedy Investment GroupSold 885 shares on 6/1/2023Ownership: 0.001%Macquarie Group Ltd.Bought 6,500 shares on 6/1/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions WFC Stock - Frequently Asked Questions Should I buy or sell Wells Fargo & Company stock right now? 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. 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. What is Wells Fargo & Company's stock price forecast for 2023? 15 brokerages 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 anticipate the company's stock price to reach $48.97 in the next year. This suggests a possible upside of 15.6% from the stock's current price. View analysts price targets for WFC or view top-rated stocks among Wall Street analysts. How have WFC shares performed in 2023? Wells Fargo & Company's stock was trading at $41.29 on January 1st, 2023. Since then, WFC stock has increased by 2.6% and is now trading at $42.37. View the best growth stocks for 2023 here. When is Wells Fargo & Company's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, July 14th 2023. View our WFC earnings forecast. How can I listen to Wells Fargo & Company's earnings call? Wells Fargo & Company will be holding an earnings conference call on Friday, July 14th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Wells Fargo & Company's earnings last quarter? Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings results on Friday, April, 14th. The financial services provider reported $1.23 EPS for the quarter, topping 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%. The business's revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. Read the conference call transcript. How often does Wells Fargo & Company pay dividends? What is the dividend yield for Wells Fargo & Company? Wells Fargo & Company announced a quarterly dividend on Tuesday, April 25th. Investors of record on Friday, May 5th will be paid a dividend of $0.30 per share on Thursday, June 1st. This represents a $1.20 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, May 4th. Read our dividend analysis for WFC. What ETFs hold Wells Fargo & Company's stock? 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). Is Wells Fargo & Company a good dividend stock? 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. What is Charlie Scharf's approval rating as Wells Fargo & Company's CEO? 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. What other stocks do shareholders of Wells Fargo & Company own? 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). What is Wells Fargo & Company's stock symbol? Wells Fargo & Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC." Who are Wells Fargo & Company's major shareholders? 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. View institutional ownership trends. How do I buy shares of Wells Fargo & Company? 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. Compare Top Brokerages Here. What is Wells Fargo & Company's stock price today? One share of WFC stock can currently be purchased for approximately $42.37. How much money does Wells Fargo & Company make? Wells Fargo & Company (NYSE:WFC) has a market capitalization of $158.98 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. How many employees does Wells Fargo & Company have? The company employs 238,000 workers across the globe. Does Wells Fargo & Company have any subsidiaries? The following companies are subsidiares of Wells Fargo & Company: Castle Pines Capital, EVEREN Capital Corporation, Merlin Securities, NVP Associates LLC, Norwest Venture Partners XII LP, Norwest Venture Partners XIII LP, Norwest Venture Partners XIV LP, Norwest Venture Partners XV LP, OmniPlus Capital Corporation, Peony Asset Management Inc., Ragen Mackenzie, Silver Asset Management Inc., WFC Holdings LLC, Wachovia Corporation, Wells Fargo Bank National Association, Wells Fargo Clearing Services LLC, Wells Fargo Equipment Finance Inc., Wells Fargo Funding LLC, Wells Fargo International Solutions Private Limited, Wells Fargo Municipal Capital Strategies LLC, Wells Fargo National Bank West, and Wells Fargo Securities LLC.Read More How can I contact Wells Fargo & Company? 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. This page (NYSE:WFC) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Wells Fargo & Company Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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