About Wells Fargo (NYSE:WFC)
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; and real estate and mortgage brokerage services. The company's Wealth and Investment Management segment offers financial planning, private banking, credit, and investment management and fiduciary services, as well as retirement and trust services. It serves clients through approximately 8,300 locations and 13,000 ATMs; online and mobile banking; and offices in 42 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry National commercial banks
Trailing P/E Ratio12.53
Forward P/E Ratio11.54
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.62
Cash Flow$5.6402 per share
Price / Cash9.31
Book Value$37.00 per share
Price / Book1.42
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Return on Equity12.44%
Return on Assets1.17%
Wells Fargo (NYSE:WFC) Frequently Asked Questions
What is Wells Fargo's stock symbol?
Wells Fargo trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
How often does Wells Fargo pay dividends? What is the dividend yield for Wells Fargo?
Wells Fargo declared a quarterly dividend on Tuesday, April 24th. Shareholders of record on Friday, May 4th will be paid a dividend of $0.39 per share on Friday, June 1st. This represents a $1.56 dividend on an annualized basis and a yield of 2.97%. View Wells Fargo's Dividend History.
How will Wells Fargo's stock buyback program work?
Wells Fargo announced that its board has approved a share buyback plan on Wednesday, January 24th 2018, which permits the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Wells Fargo's earnings last quarter?
Wells Fargo (NYSE:WFC) posted its quarterly earnings data on Friday, April, 13th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.05. The financial services provider had revenue of $21.93 billion for the quarter, compared to analyst estimates of $21.74 billion. Wells Fargo had a return on equity of 12.44% and a net margin of 22.80%. Wells Fargo's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 EPS. View Wells Fargo's Earnings History.
When is Wells Fargo's next earnings date?
What price target have analysts set for WFC?
27 equities research analysts have issued 1 year target prices for Wells Fargo's stock. Their forecasts range from $45.00 to $76.00. On average, they anticipate Wells Fargo's stock price to reach $61.6370 in the next twelve months. View Analyst Ratings for Wells Fargo.
What are Wall Street analysts saying about Wells Fargo stock?
Here are some recent quotes from research analysts about Wells Fargo stock:
- 1. Vining Sparks analysts commented, "While the recent issues surrounding WFC have definitely damaged its reputation, we believe the fundamental profitability and earnings power of WFC’s franchise is still intact and currently hidden by recent issues. WFC should still generate a mid to high-single digit underlying increase in shareholder value on an annualized basis from dividend payouts and TBV growth. We believe this strong value creation paired with its currently pressured valuation should provide long-term investors that can wait for the inflection point in the second half of 2018E the opportunity to realize total returns over 20% over the next 12 to 18 months." (4/13/2018)
- 2. According to Zacks Investment Research, "Shares of Wells Fargo underperformed the industry over the last six months. While earnings estimates for the soon-to-be-reported quarter have seen slight revision lately, the company possesses a decent earnings surprise history, beating the Zacks Consensus Estimate in two of the trailing four quarters. Wells Fargo has been slapped with new sanctions including a cap on the assets position by the Federal Reserve. Further, the review process of the bank’s Wealth and Investment Management segment is also in preliminary stages. Moreover, Moody’s has downgraded the rating outlook of the bank to negative, though S&P has kept unchanged at stable. Though consistent growth in loans and deposits, lower tax rate and expansions will likely support its growth profile, the current crisis related to the revelation of illegally opening millions of illegal accounts in 2016 at the company will take some time to alleviate." (4/9/2018)
Are investors shorting Wells Fargo?
Wells Fargo saw a decline in short interest in March. As of March 29th, there was short interest totalling 31,682,849 shares, a decline of 11.4% from the March 15th total of 35,771,701 shares. Based on an average trading volume of 25,601,774 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the company are sold short.
Who are some of Wells Fargo's key competitors?
Some companies that are related to Wells Fargo include JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), Industrial and Commercial Bank of China (IDCBY), PNC Financial Services Group (PNC), UBS (UBS), Intesa Sanpaolo (ISNPY), National Australia Bank (NABZY), DBS Group (DBSDY), Capital One (COF), Mizuho Financial Group (MFG), BB&T (BBT), Standard Chartered (SCBFF) and Danske Bank (DNKEY).
Who are Wells Fargo's key executives?
Wells Fargo's management team includes the folowing people:
- Mr. Timothy J. Sloan, CEO, Pres & Director (Age 57)
- Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 52)
- Ms. Avid Modjtabai, Sr. EVP of Payments, Virtual Solutions & Innovation (Age 56)
- Mr. Michael J. Loughlin, Chief Risk Officer & Sr. EVP (Age 62)
- Ms. Titi Cole, Head of Operations and Exec. VP
Has Wells Fargo been receiving favorable news coverage?
Media stories about WFC stock have trended somewhat positive recently, according to Accern. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo earned a media sentiment score of 0.07 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 44.89 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
How do I buy shares of Wells Fargo?
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, Scottrade, Fidelity and Charles Schwab.
What is Wells Fargo's stock price today?
One share of WFC stock can currently be purchased for approximately $52.51.
How big of a company is Wells Fargo?
Wells Fargo has a market capitalization of $256.62 billion and generates $97.74 billion in revenue each year. The financial services provider earns $22.18 billion in net income (profit) each year or $4.11 on an earnings per share basis. Wells Fargo employs 263,000 workers across the globe.
How can I contact Wells Fargo?
Wells Fargo's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The financial services provider can be reached via phone at 866-878-5865 or via email at [email protected]
MarketBeat Community Rating for Wells Fargo (WFC)MarketBeat's community ratings are surveys of what our community members think about Wells Fargo and other stocks. Vote "Outperform" if you believe WFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Wells Fargo (NYSE:WFC) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
27 Wall Street analysts have issued ratings and price targets for Wells Fargo in the last 12 months. Their average twelve-month price target is $61.6370, suggesting that the stock has a possible upside of 17.38%. The high price target for WFC is $76.00 and the low price target for WFC is $45.00. There are currently 4 sell ratings, 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Hold|
|Consensus Rating Score: ||2.37||2.30||2.54||2.30|
|Ratings Breakdown: ||4 Sell Rating(s)|
9 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
|5 Sell Rating(s)|
9 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
|5 Sell Rating(s)|
14 Hold Rating(s)
13 Buy Rating(s)
1 Strong Buy Rating(s)
|Consensus Price Target: ||$61.6370||$63.1587||$62.0071||$57.3050|
|Price Target Upside: ||17.38% upside||10.42% upside||0.79% downside||6.51% upside|
Wells Fargo (NYSE:WFC) Consensus Price Target History
Wells Fargo (NYSE:WFC) Analyst Ratings History
(Data available from 4/25/2016 forward)
Wells Fargo (NYSE:WFC) Dividend Information
Wells Fargo pays an annual dividend of $1.56 per share, with a dividend yield of 2.97%. WFC's next quarterly dividend payment will be made on Friday, June 1. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 4.50% each year. Wells Fargo pays out 37.96% of its earnings out as a dividend.
|Dividend Growth:||4.50% (3 Year Average)|
|Payout Ratio:||37.96% (Trailing 12 Months of Earnings) |
34.29% (Based on This Year's Estimates)
30.71% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Wells Fargo (NYSE:WFC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Wells Fargo (NYSE WFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 77.14%
Wells Fargo (NYSE WFC) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/12/2018||Ronald Sargent||Director||Buy||9,000||$55.98||$503,820.00||81|| |
|12/4/2017||Michael J. Loughlin||Insider||Sell||17,482||$57.80||$1,010,459.60|| |
|11/30/2017||John R Shrewsberry||Insider||Sell||70,000||$56.90||$3,983,000.00|| |
|11/30/2017||Richard Levy||VP||Sell||97,000||$56.47||$5,477,590.00|| |
|6/12/2017||Petros G. Pelos||Insider||Sell||24,708||$54.07||$1,335,961.56|| |
|6/9/2017||David M. Carroll||Insider||Sell||27,582||$53.28||$1,469,568.96|| |
|6/8/2017||Mary T. Mack||Insider||Sell||38,988||$52.58||$2,049,989.04|| |
|6/7/2017||Hope A Hardison||Insider||Sell||20,000||$52.07||$1,041,400.00||109|| |
|6/1/2017||Michael J Loughlin||Insider||Sell||20,000||$52.16||$1,043,200.00||7|| |
|5/5/2017||Ronald Sargent||Director||Buy||9,050||$55.15||$499,107.50||81|| |
|4/28/2017||Avid Modjtabai||Insider||Sell||100,000||$54.21||$5,421,000.00|| |
|4/17/2017||Stephen W Sanger||Director||Buy||58,342||$51.65||$3,013,364.30||79,834|| |
|4/17/2017||Timothy J Sloan||CEO||Buy||39,000||$51.65||$2,014,350.00||754,581|| |
|3/3/2017||David M Carroll||Insider||Sell||117,704||$59.02||$6,946,890.08|| |
|8/8/2016||Timothy J Sloan||COO||Sell||20,500||$48.92||$1,002,860.00||650,815|| |
|5/3/2016||James H Quigley||Director||Buy||2,000||$49.97||$99,940.00||2,150|| |
|4/27/2016||Avid Modjtabai||EVP||Sell||55,000||$50.77||$2,792,350.00|| |
|4/22/2016||David M. Carroll||VP||Sell||62,300||$50.28||$3,132,444.00|| |
|3/11/2016||Lloyd H Dean||Director||Sell||2,210||$49.93||$110,345.30||39,598|| |
|3/10/2016||Timothy J Sloan||COO||Sell||10,000||$48.16||$481,600.00||532,858|| |
|12/9/2015||Michael J Loughlin||EVP||Sell||20,000||$54.48||$1,089,600.00||1,260|| |
|10/22/2015||Timothy J. Sloan||EVP||Sell||24,000||$54.28||$1,302,720.00||521,408|| |
|7/23/2015||James M Strother||EVP||Sell||31,000||$58.28||$1,806,680.00|| |
|5/15/2015||Timothy J Sloan||EVP||Sell||50,000||$56.00||$2,800,000.00|| |
|5/8/2015||Kevin A Rhein||EVP||Sell||17,500||$55.27||$967,225.00|| |
|5/4/2015||Michael J Heid||EVP||Sell||18,000||$55.55||$999,900.00|| |
|4/30/2015||Michael J Heid||EVP||Sell||19,000||$55.06||$1,046,140.00|| |
|4/27/2015||Michael J Loughlin||EVP||Sell||19,696||$55.10||$1,085,249.60|| |
|4/21/2015||Michael J Heid||EVP||Sell||18,000||$54.58||$982,440.00|| |
|4/16/2015||Avid Modjtabai||EVP||Sell||70,000||$54.65||$3,825,500.00|| |
|4/16/2015||David M Carroll||VP||Sell||77,000||$54.81||$4,220,370.00|| |
|4/15/2015||James M Strother||EVP||Sell||50,000||$54.80||$2,740,000.00|| |
|4/15/2015||Richard Levy||VP||Sell||95,000||$54.48||$5,175,600.00|| |
|1/23/2015||Timothy J Sloan||EVP||Sell||25,000||$53.51||$1,337,750.00|| |
|12/10/2014||Susan E Engel||Director||Sell||1,964||$54.27||$106,586.28|| |
|11/11/2014||Carrie L Tolstedt||EVP||Sell||219,835||$53.76||$11,818,329.60|| |
|11/7/2014||Avid Modjtabai||EVP||Sell||25,000||$54.10||$1,352,500.00|| |
|11/7/2014||John G Stumpf||CEO||Sell||329,197||$54.05||$17,793,097.85|| |
|11/5/2014||Kevin A Rhein||EVP||Sell||10,000||$53.49||$534,900.00|| |
|11/3/2014||Enrique Hernandez Jr||Director||Sell||7,740||$53.54||$414,399.60|| |
|10/31/2014||James M Strother||EVP||Sell||20,000||$52.91||$1,058,200.00|| |
|10/29/2014||Michael J Loughlin||EVP||Sell||10,000||$51.77||$517,700.00|| |
|9/2/2014||Michael J Loughlin||EVP||Sell||10,000||$51.55||$515,500.00|| |
|4/28/2014||Timothy Sloan||CFO||Sell||80,000||$48.65||$3,892,000.00||402,114|| |
|4/21/2014||Richard Levy||VP||Sell||45,000||$49.04||$2,206,800.00||55,167|| |
|4/16/2014||Michael Heid||EVP||Sell||28,462||$49.08||$1,396,914.96|| |
|4/15/2014||David Carroll||VP||Sell||71,800||$48.54||$3,485,172.00||280,940|| |
|4/15/2014||James Strother||EVP||Sell||50,000||$48.31||$2,415,500.00||121,178|| |
|1/24/2014||Timothy Sloan||CFO||Sell||75,000||$45.84||$3,438,000.00||314,873|| |
|1/15/2014||Michael Heid||EVP||Sell||3,800||$45.90||$174,420.00||6,921|| |
|12/9/2013||Susan Engel||Director||Sell||3,887||$44.27||$172,077.49||11,807|| |
|11/25/2013||Michael Heid||EVP||Sell||10,000||$44.44||$444,400.00|| |
|11/8/2013||Lloyd Dean||Director||Sell||6,702||$42.52||$284,969.04||27,670|| |
|10/30/2013||John G Stumpf||CEO||Sell||300,000||$43.18||$12,954,000.00|| |
|8/14/2013||James Strother||EVP||Sell||9,307||$43.35||$403,458.45||64,866|| |
|8/1/2013||David M Carroll||VP||Sell||79,700||$44.15||$3,518,755.00|| |
|7/31/2013||Avid Modjtabai||EVP||Sell||60,000||$43.71||$2,622,600.00|| |
|7/30/2013||John G Stumpf||CEO||Sell||38,000||$43.26||$1,643,880.00|| |
|7/29/2013||Michael J Heid||EVP||Sell||2,936||$43.29||$127,099.44|| |
|7/26/2013||Michael J Loughlin||EVP||Sell||70,953||$43.52||$3,087,874.56|| |
|7/24/2013||David A Hoyt||EVP||Sell||101,886||$44.60||$4,544,115.60|| |
|7/15/2013||Michael J Heid||EVP||Sell||6,906||$43.07||$297,441.42|| |
|7/15/2013||Richard Levy||VP||Sell||75,000||$43.18||$3,238,500.00|| |
|5/15/2013||Kevin A Rhein||EVP||Sell||70,000||$38.66||$2,706,200.00|| |
|5/9/2013||Michael J Heid||EVP||Sell||3,000||$38.44||$115,320.00|| |
|10/17/2012||Stephen W Sanger||Director||Buy||10,000||$33.96||$339,600.00|| |
Wells Fargo (NYSE WFC) News Headlines
Wells Fargo (NYSE:WFC) SEC Filings
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Wells Fargo (NYSE:WFC) Income Statement, Balance Sheet and Cash Flow Statement
Wells Fargo (NYSE WFC) Stock Chart for Wednesday, April, 25, 2018