Wells Fargo & Co Stock Price, News & Analysis (NYSE:WFC)

Wells Fargo & Co trades on the New York Stock Exchange (NYSE) under the ticker symbol "WFC."

Wells Fargo & Co declared a quarterly dividend on Tuesday, July 23rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.51 per share on Sunday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, August 8th. This is a boost from Wells Fargo & Co's previous quarterly dividend of $0.45. View Wells Fargo & Co's Dividend History.

Wells Fargo & Co announced that its board has initiated a stock buyback program on Tuesday, July 23rd 2019, which permits the company to repurchase 350,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wells Fargo & Co (NYSE:WFC) released its earnings results on Tuesday, October, 15th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.23. The financial services provider earned $22.01 billion during the quarter, compared to analyst estimates of $21.32 billion. Wells Fargo & Co had a return on equity of 13.74% and a net margin of 23.26%. The firm's revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. View Wells Fargo & Co's Earnings History.

Wells Fargo & Co is scheduled to release their next quarterly earnings announcement on Tuesday, January 21st 2020. View Earnings Estimates for Wells Fargo & Co.

21 brokerages have issued 12-month target prices for Wells Fargo & Co's stock. Their predictions range from $42.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $49.85 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price. View Analyst Price Targets for Wells Fargo & Co.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 3 sell ratings, 15 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wells Fargo & Co.

News coverage about WFC stock has trended somewhat negative on Friday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Wells Fargo & Co earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Wells Fargo & Co.

Wells Fargo & Co saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 44,490,000 shares, an increase of 12.8% from the August 15th total of 39,450,000 shares. Based on an average daily volume of 19,740,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.0% of the company's shares are short sold. View Wells Fargo & Co's Current Options Chain.

Some companies that are related to Wells Fargo & Co include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), PNC Financial Services Group (PNC), National Australia Bank (NABZY), DBS GRP HOLDING/S (DBSDY), Intesa Sanpaolo (ISNPY), UBS Group (UBS), Capital One Financial (COF), BB&T (BBT), Mizuho Financial Group (MFG), BANCO DO BRASIL/S (BDORY) and SunTrust Banks (STI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Co investors own include Bank of America (BAC), JPMorgan Chase & Co. (JPM), General Electric (GE), AT&T (T), Intel (INTC), Verizon Communications (VZ), Citigroup (C), Alibaba Group (BABA), Cisco Systems (CSCO) and Netflix (NFLX).

Wells Fargo & Co's stock is owned by a number of of retail and institutional investors. Top institutional investors include CIBC Private Wealth Group LLC (0.07%), Envestnet Asset Management Inc. (0.05%), Gateway Investment Advisers LLC (0.04%), Nisa Investment Advisors LLC (0.03%), Manning & Napier Group LLC (0.02%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Hope A Hardison, John R Shrewsberry, Michael J Loughlin, Petros G Pelos, Richard Levy and Ronald Sargent. View Institutional Ownership Trends for Wells Fargo & Co.

WFC stock was sold by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Country Trust Bank, Perpetual Ltd, Artemis Investment Management LLP, Fulton Breakefield Broenniman LLC, Gateway Investment Advisers LLC, Commerzbank Aktiengesellschaft FI and Welch & Forbes LLC. View Insider Buying and Selling for Wells Fargo & Co.

WFC stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Berkshire Asset Management LLC PA, Nisa Investment Advisors LLC, YCG LLC, Cypress Wealth Services LLC, Winmill & CO. Inc. and Pacer Advisors Inc.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of WFC stock can currently be purchased for approximately $49.70.

Wells Fargo & Co has a market capitalization of $218.98 billion and generates $101.06 billion in revenue each year. The financial services provider earns $22.39 billion in net income (profit) each year or $4.38 on an earnings per share basis. Wells Fargo & Co employs 259,000 workers across the globe.View Additional Information About Wells Fargo & Co.

The official website for Wells Fargo & Co is http://www.wellsfargo.com/.

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]