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

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise 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 services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Jefferies Financial Group dropped their target price on Wells Fargo & Company from $55.00 to $47.00 in a research report on Monday, July 11th. Citigroup decreased their price target on shares of Wells Fargo & Company from $56.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday, July 12th. Piper Sandler set a $48.00 price target on shares of Wells Fargo & Company in a research note on Monday, June 20th. Royal Bank of Canada decreased their price target on shares of Wells Fargo & Company from $55.00 to $45.00 and set a "sector perform" rating on the stock in a research note on Friday, July 1st. Finally, BMO Capital Markets decreased their price target on shares of Wells Fargo & Company from $64.00 to $60.00 and set a "market perform" rating on the stock in a research note on Monday, April 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and an average target price of $55.31.

Wells Fargo & Company Price Performance

Wells Fargo & Company stock opened at $45.75 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $173.53 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.18. The company's 50 day simple moving average is $41.42 and its 200-day simple moving average is $46.44. Wells Fargo & Company has a 1 year low of $36.54 and a 1 year high of $60.30.

Wells Fargo & Company (NYSE:WFC - Get Rating) last announced its earnings results on Friday, July 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.14). Wells Fargo & Company had a net margin of 22.52% and a return on equity of 10.67%. The firm had revenue of $17.03 billion during the quarter, compared to analysts' expectations of $17.54 billion. During the same period in the previous year, the firm earned $1.38 EPS. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Wells Fargo & Company will post 4 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 5th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.62%. This is a boost from Wells Fargo & Company's previous quarterly dividend of $0.25. Wells Fargo & Company's payout ratio is 28.78%.