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. As of September 4, 2018, it operated through 8,200 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 42 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
SymbolNYSE:WFC
CUSIP94974610
Phone866-249-3302
Debt
Debt-to-Equity Ratio1.22
Current Ratio0.88
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio13.26
Forward P/E Ratio11.95
P/E Growth1.48
Sales & Book Value
Annual Sales$97.74 billion
Price / Sales2.72
Cash Flow$5.6244 per share
Price / Cash9.69
Book Value$37.36 per share
Price / Book1.46
Profitability
EPS (Most Recent Fiscal Year)$4.11
Net Income$22.18 billion
Net Margins22.03%
Return on Equity12.38%
Return on Assets1.17%
Miscellaneous
Employees263,000
Outstanding Shares4,877,750,000
Market Cap$266.96 billion
Wells Fargo & Co (NYSE:WFC) Frequently Asked Questions
What is Wells Fargo & Co's stock symbol?
Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."
How often does Wells Fargo & Co pay dividends? What is the dividend yield for Wells Fargo & Co?
Wells Fargo & Co announced a quarterly dividend on Tuesday, July 24th. Shareholders of record on Friday, August 10th will be given a dividend of $0.43 per share on Saturday, September 1st. This represents a $1.72 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, August 9th. This is a boost from Wells Fargo & Co's previous quarterly dividend of $0.39. View Wells Fargo & Co's Dividend History.
How will Wells Fargo & Co's stock buyback program work?
Wells Fargo & Co declared that its board has initiated a stock buyback plan on Wednesday, January 24th 2018, which allows the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.
How were Wells Fargo & Co's earnings last quarter?
Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings results on Friday, July, 13th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by $0.04. The financial services provider earned $21.55 billion during the quarter, compared to the consensus estimate of $21.52 billion. Wells Fargo & Co had a net margin of 22.03% and a return on equity of 12.38%. View Wells Fargo & Co's Earnings History.
When is Wells Fargo & Co's next earnings date?
What price target have analysts set for WFC?
24 equities research analysts have issued twelve-month price targets for Wells Fargo & Co's shares. Their predictions range from $55.00 to $76.00. On average, they expect Wells Fargo & Co's stock price to reach $63.75 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.
What is the consensus analysts' recommendation for Wells Fargo & Co?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 2 sell ratings, 8 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Wells Fargo & Co.
What are Wall Street analysts saying about Wells Fargo & Co stock?
Here are some recent quotes from research analysts about Wells Fargo & Co stock:
- 1. According to Zacks Investment Research, "Shares of Wells Fargo have underperformed the industry over the last three months. Further, the company possesses a disappointing earnings surprise history, having beaten the Zacks Consensus Estimate in only one of the trailing four quarters. Following the sales scandal and other issues, Wells Fargo has been slapped with new sanctions, including a cap on the assets position by the Federal Reserve. Recently, the bank has been charged with a penalty of $2.09 billion by the U.S. Department of Justice. Though lower tax rate, easing of regulations and expansions will likely support the bank’s growth profile, the crisis related to the revelation of illegally opening millions of accounts in 2016, auto-lending issues and impact of other malpractices will take some time to alleviate. Recently, the company’s chief financial officer, John Shrewsberry, revealed a dismal picture for the bank’s loan book as well." (9/18/2018)
- 2. 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)
Are investors shorting Wells Fargo & Co?
Wells Fargo & Co saw a decline in short interest in August. As of August 15th, there was short interest totalling 27,440,359 shares, a decline of 17.3% from the July 31st total of 33,200,507 shares. Based on an average daily trading volume, of 15,560,343 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.6% of the company's shares are sold short. View Wells Fargo & Co's Current Options Chain.
Who are some of Wells Fargo & Co's key competitors?
Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), PNC Financial Services Group (PNC), UBS Group (UBS), Industrial & Cmrcl Bnk f China (IDCBY), National Australia Bank (NABZY), Capital One Financial (COF), DBS Grp HOLDING/S (DBSDY), Mizuho Financial Group (MFG), Intesa Sanpaolo (ISNPY), BB&T (BBT), SunTrust Banks (STI) and Standard Chartered (SCBFF).
Who are Wells Fargo & Co's key executives?
Wells Fargo & Co's management team includes the folowing people:
- Mr. Timothy J. Sloan M.B.A., 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. Jonathan Geoffrey Weiss, Sr. Exec. VP of Wealth & Investment Management
- Mr. Petros G. Pelos, Sr. EVP & Head of Wholesale Banking
Has Wells Fargo & Co been receiving favorable news coverage?
News articles about WFC stock have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo & Co earned a news and rumor sentiment score of 0.18 on Accern's scale. They also gave news coverage about the financial services provider an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Wells Fargo & Co.
Who are Wells Fargo & Co's major shareholders?
Wells Fargo & Co's stock is owned by a number of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.04%), Dimensional Fund Advisors LP (0.88%), Magellan Asset Management Ltd (0.64%), Boston Partners (0.44%), Legal & General Group Plc (0.40%) and Schwab Charles Investment Management Inc. (0.35%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Berkshire Hathaway Inc, David M Carroll, Hope A Hardison, John R Shrewsberry, Mary T Mack, Michael J Loughlin, Petros G Pelos, Richard Levy, Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Institutional Ownership Trends for Wells Fargo & Co.
Which major investors are selling Wells Fargo & Co stock?
WFC stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Swedbank, Mawer Investment Management Ltd., Legal & General Group Plc, Caisse DE Depot ET Placement DU Quebec, Cynosure Advisors LLC, California Public Employees Retirement System and Bartlett & Co. LLC. Company insiders that have sold Wells Fargo & Co company stock in the last year include Avid Modjtabai, Hope A Hardison, John R Shrewsberry, Michael J Loughlin, Petros G Pelos and Richard Levy. View Insider Buying and Selling for Wells Fargo & Co.
Which major investors are buying Wells Fargo & Co stock?
WFC stock was bought by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Charles Schwab Investment Advisory Inc., American Century Companies Inc., Boston Partners, Dimensional Fund Advisors LP, Millennium Management LLC, Natixis and Findlay Park Partners LLP. Company insiders that have bought Wells Fargo & Co stock in the last two years include Ronald Sargent, Stephen W Sanger and Timothy J Sloan. View Insider Buying and Selling for Wells Fargo & Co.
How do I buy shares of Wells Fargo & Co?
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 & Co's stock price today?
One share of WFC stock can currently be purchased for approximately $54.50.
How big of a company is Wells Fargo & Co?
Wells Fargo & Co has a market capitalization of $266.96 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 & Co employs 263,000 workers across the globe.
How can I contact Wells Fargo & Co?
Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]
MarketBeat Community Rating for Wells Fargo & Co (NYSE WFC)
MarketBeat's community ratings are surveys of what our community members think about Wells Fargo & Co 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.
