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NYSE:WFC

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

$45.25
+0.92 (+2.08%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.89
$45.61
50-Day Range
$37.43
$45.47
52-Week Range
$36.54
$60.30
Volume
13.94 million shs
Average Volume
27.12 million shs
Market Capitalization
$171.64 billion
P/E Ratio
10.85
Dividend Yield
2.71%
Price Target
$55.31

Wells Fargo & Company MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
22.2% Upside
$55.31 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.80mentions of Wells Fargo & Company in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.50%
From $4.00 to $5.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Finance Sector

144th out of 920 stocks

National Commercial Banks Industry

20th out of 89 stocks

WFC stock logo

About Wells Fargo & Company (NYSE:WFC) Stock

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.

Analysts Set New Price Targets

A number of analysts recently weighed in on WFC shares. Citigroup cut 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 report on Tuesday, July 12th. Barclays lowered their price objective on shares of Wells Fargo & Company from $64.00 to $58.00 and set an "overweight" rating on the stock in a report on Monday, July 18th. Royal Bank of Canada decreased their target price on shares of Wells Fargo & Company from $55.00 to $45.00 and set a "sector perform" rating for the company in a research note on Friday, July 1st. Credit Suisse Group reduced their price objective on shares of Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating for the company in a research report on Monday, July 18th. Finally, Piper Sandler set a $48.00 target price on Wells Fargo & Company in a report on Monday, June 20th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Wells Fargo & Company has an average rating of "Moderate Buy" and a consensus price target of $55.31.

Wells Fargo & Company Price Performance

Shares of Wells Fargo & Company stock opened at $45.25 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.80. The business's 50 day simple moving average is $41.39 and its two-hundred day simple moving average is $46.71. The stock has a market capitalization of $171.64 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. Wells Fargo & Company has a one year low of $36.54 and a one year high of $60.30.

Wells Fargo & Company (NYSE:WFC - Get Rating) last announced its quarterly earnings data 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). The company had revenue of $17.03 billion for the quarter, compared to analysts' expectations of $17.54 billion. Wells Fargo & Company had a net margin of 22.52% and a return on equity of 10.67%. The firm's quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. Analysts forecast that Wells Fargo & Company will post 4 EPS 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. Stockholders of record on Friday, August 5th will be paid a $0.30 dividend. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.65%. Wells Fargo & Company's dividend payout ratio is 28.78%.

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WFC Stock News Headlines

This Megabank Is a Megabuy After Earnings
Gov't: US Bank workers opened fake accounts for sales goals
For more than a decade, US Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau said Thursday, in a case that is deeply similar to the sales practices scandal uncovered at Wells Fargo last decade
Philadelphia 76ers create company to build new arena
The Philadelphia 76ers are taking the first steps toward building a privately funded sports and entertainment arena
Philadelphia 76ers explore building privately-funded arena
The Philadelphia 76ers are taking the first steps toward building a privately-funded sports and entertainment arena
Wells Fargo profit falls buy loan growth buoys investors
Wells Fargo, the nation’s largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market
Wells Fargo profit falls as higher rates stymie homebuyers
Wells Fargo, the nation’s largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market
Wells Fargo 2Q profit falls, even as interest rates climb
Wells Fargo’s second-quarter sales and profit fell short of Wall Street expectations, even as the nation’s largest mortgage lender saw its net interest income jump due to higher interest rates
World shares mostly higher after weak 2Q GDP for China
European shares have opened higher after a mixed session in Asia following a report that China's economy contracted by 2.6% in the last quarter due to virus shutdowns that kept businesses closed and people at home
Week’s Best: Fidelity Pushes Deeper Into Alts
What's next for Wells Fargo in its Texas expansion?
Wells Fargo Reinstates Diverse-Hiring Program
See More Headlines
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WFC Company Calendar

Ex-Dividend for 6/1 Dividend
5/05/2022
Dividend Payable
6/01/2022
Last Earnings
7/15/2022
Ex-Dividend for 9/1 Dividend
8/04/2022
Today
8/11/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/13/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Diversified Banks
Sector
Finance
CUSIP
94974610
Employees
247,848
Year Founded
1852

Price Target and Rating

Average Stock Price Forecast
$55.31
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$21.55 billion
Pretax Margin
29.47%

Debt

Sales & Book Value

Annual Sales
$82.41 billion
Cash Flow
$7.48 per share
Book Value
$42.11 per share

Miscellaneous

Outstanding Shares
3,793,050,000
Free Float
3,791,153,000
Market Cap
$171.64 billion
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Mr. Charles W. Scharf (Age 57)
    Pres, CEO & Director
    Comp: $7.87M
  • Mr. Michael P. Santomassimo (Age 47)
    Sr. EVP & CFO
    Comp: $4.49M
  • Mr. Scott E. Powell (Age 60)
    Sr. EVP & COO
    Comp: $3.74M
  • Mr. Jonathan Geoffrey Weiss (Age 64)
    Sr. EVP and CEO of Corp. & Investment Banking
    Comp: $3.69M
  • Mr. Ather Williams III (Age 51)
    Sr. EVP and Head of Strategy, Digital & Innovation
    Comp: $5.1M
  • Ms. Muneera S. Carr (Age 53)
    Chief Accounting Officer, Exec. VP & Controller
  • Mr. David Owen
    Chief Admin. Officer
  • Mr. John M. Campbell
    Director of Investor Relations
  • Ms. Ellen Reilly Patterson Esq. (Age 48)
    J.D., Sr. EVP & Gen. Counsel
  • Ms. Paula Ann Dominick (Age 62)
    Chief Compliance Officer













WFC Stock - Frequently Asked Questions

Should I buy or sell Wells Fargo & Company stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 4 hold ratings and 13 buy ratings 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 2022?

17 analysts have issued twelve-month target prices for Wells Fargo & Company's shares. Their WFC share price forecasts range from $45.00 to $67.00. On average, they anticipate the company's share price to reach $55.31 in the next year. This suggests a possible upside of 22.2% 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 2022?

Wells Fargo & Company's stock was trading at $47.98 on January 1st, 2022. Since then, WFC stock has decreased by 5.7% and is now trading at $45.25.
View the best growth stocks for 2022 here
.

When is Wells Fargo & Company's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 13th 2022.
View our WFC earnings forecast
.

How were Wells Fargo & Company's earnings last quarter?

Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings data 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. The financial services provider had revenue of $17.03 billion for the quarter, compared to analyst estimates of $17.54 billion. Wells Fargo & Company had a trailing twelve-month return on equity of 10.67% and a net margin of 22.52%. The business's revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 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 declared a quarterly dividend on Tuesday, July 26th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.30 per share on Thursday, September 1st. This represents a $1.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, August 4th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for WFC
.

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 2.71%. 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 28.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 23.35% 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 investors include Primecap Management Co. CA (1.29%), Pzena Investment Management LLC (0.45%), Deutsche Bank AG (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), California Public Employees Retirement System (0.20%) and First Pacific Advisors LP (0.16%). Insiders that own company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf 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 $45.25.

How much money does Wells Fargo & Company make?

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $171.64 billion and generates $82.41 billion in revenue each year. The financial services provider earns $21.55 billion in net income (profit) each year or $4.17 on an earnings per share basis.

How many employees does Wells Fargo & Company have?

The company employs 247,848 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

When was Wells Fargo & Company founded?

Wells Fargo & Company was founded in 1852.

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 8/12/2022 by MarketBeat.com Staff

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