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NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

$21.18
-0.64 (-2.93 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$20.80
Now: $21.18▼
$21.48
50-Day Range
$22.54
MA: $24.00▼
$25.71
52-Week Range
$20.80
Now: $21.18▼
$54.75
Volume54.54 million shs
Average Volume41.55 million shs
Market Capitalization$87.26 billion
P/E Ratio57.24
Dividend Yield1.83%
Beta1.07
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business lending products. The Wholesale Banking segment provides commercial, corporate, capital markets, cash management, and real estate banking products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, corporate trust fiduciary and agency services, and investment banking services. It also offers commercial and residential development, land acquisition and development, rehabilitation, permanent securitization, and commercial real estate loans; secured and unsecured lines of credit; affordable housing loans and letters of credit; and interim financing arrangements. The Wealth and Investment Management segment provides personalized wealth management, investment, and retirement products and services; and delivers financial planning, private banking, credit, investment management, and fiduciary services. The company also offers brokerage, and Internet and mobile banking services; and has collaboration with National LGBT Chamber of Commerce. As of March 16, 2020, it operated through 7,400 locations; approximately 13,000 ATMs; and offices in 32 countries and territories. The Company was founded in 1852 and is headquartered in San Francisco, California.
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Wells Fargo & Company logo

Beat the Market (BTM) Rank™

Analyst Opinion: 4.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.49 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
Current SymbolNYSE:WFC
Previous Symbol
CUSIP94974610
CIK72971
Webwww.wellsfargo.com
Phone866-249-3302
Employees260,000

Debt

Debt-to-Equity Ratio1.34
Current Ratio0.87
Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio57.24
Forward P/E Ratio44.13
P/E Growth4.84

Sales & Book Value

Annual Sales$103.92 billion
Price / Sales0.84
Cash Flow$6.23 per share
Price / Cash Flow3.40
Book Value$39.06 per share
Price / Book0.54

Profitability

EPS (Most Recent Fiscal Year)$4.38
Net Income$19.55 billion
Net Margins3.72%
Return on Equity3.18%
Return on Assets0.26%

Miscellaneous

Outstanding Shares4,120,047,000
Market Cap$87.26 billion
Next Earnings Date1/12/2021 (Estimated)
OptionableOptionable
$21.18
-0.64 (-2.93 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Wells Fargo & Company (NYSE:WFC) Frequently Asked Questions

How has Wells Fargo & Company's stock been impacted by COVID-19 (Coronavirus)?

Wells Fargo & Company's stock was trading at $32.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WFC shares have decreased by 34.5% and is now trading at $21.18.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Wells Fargo & Company?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 3 sell ratings, 15 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Wells Fargo & Company.

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

Wells Fargo & Company is scheduled to release its next quarterly earnings announcement on Tuesday, January 12th 2021.
View our earnings forecast for Wells Fargo & Company.

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

Wells Fargo & Company (NYSE:WFC) released its earnings results on Tuesday, October, 20th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.45 by $0.03. The financial services provider earned $18.86 billion during the quarter, compared to the consensus estimate of $17.87 billion. Wells Fargo & Company had a net margin of 3.72% and a return on equity of 3.18%. The company's revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS.
View Wells Fargo & Company's earnings history.

How often does Wells Fargo & Company pay dividends? What is the dividend yield for Wells Fargo & Company?

Wells Fargo & Company announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.10 per share on Tuesday, December 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, November 5th.
View Wells Fargo & Company's dividend history.

How will Wells Fargo & Company's stock buyback program work?

Wells Fargo & Company declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 23rd 2019, which permits the company to buyback 350,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for WFC?

24 Wall Street analysts have issued 1 year price objectives for Wells Fargo & Company's shares. Their forecasts range from $23.00 to $52.00. On average, they anticipate Wells Fargo & Company's share price to reach $31.38 in the next year. This suggests a possible upside of 48.1% from the stock's current price.
View analysts' price targets for Wells Fargo & Company.

Has Wells Fargo & Company been receiving favorable news coverage?

News articles about WFC stock have been trending negative on Wednesday, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wells Fargo & Company earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Wells Fargo & Company.

Are investors shorting Wells Fargo & Company?

Wells Fargo & Company saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 34,590,000 shares, a decrease of 20.8% from the September 30th total of 43,690,000 shares. Based on an average trading volume of 39,420,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the company's shares are sold short.
View Wells Fargo & Company's Short Interest.

Who are some of Wells Fargo & Company's key competitors?

Some companies that are related to Wells Fargo & Company include JPMorgan Chase & Co. (JPM), Industrial and Commercial Bank of China (IDCBY), Bank of America (BAC), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), DBS Group (DBSDY), National Australia Bank (NABZY), Intesa Sanpaolo (ISNPY), Capital One Financial (COF), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY) and BANCO DO BRASIL/S (BDORY).
View all competitors.

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), The Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

Who are Wells Fargo & Company's key executives?

Wells Fargo & Company's management team includes the following people:
  • Mr. Charles W. Scharf, Pres, CEO & Director (Age 55, Pay $7.57M)
  • Mr. John Richard Shrewsberry, Sr. EVP & CFO (Age 54, Pay $3.16M)
  • Mr. Petros G. Pelos, Sr. EVP & CEO of Commercial Banking (Age 56, Pay $2.91M)
  • Ms. Mary Tabb Mack, Sr. EVP and CEO of Consumer & Small Bus. Banking (Age 57, Pay $3.1M)
  • Mr. Saul Van Beurden, Sr. EVP & Head of Technology (Age 50, Pay $4.17M)

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 retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (0.08%), LSV Asset Management (0.06%), State of New Jersey Common Pension Fund D (0.06%), State of Michigan Retirement System (0.06%), Alecta Pensionsforsakring Omsesidigt (0.05%) and Standard Life Aberdeen plc (0.05%). Company insiders that own Wells Fargo & Company stock include Charles H Noski, Charles W Scharf and Petros G Pelos.
View institutional ownership trends for Wells Fargo & Company.

Which major investors are selling Wells Fargo & Company stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, LSV Asset Management, Welch & Forbes LLC, State of New Jersey Common Pension Fund D, Lynch & Associates IN, Standard Life Aberdeen plc, DNB Asset Management AS, and Carnegie Capital Asset Management LLC.
View insider buying and selling activity for Wells Fargo & Company.

Which major investors are buying Wells Fargo & Company stock?

WFC stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., M&G Investment Management Ltd., Vantage Investment Partners LLC, State of Alaska Department of Revenue, State of Michigan Retirement System, Greatmark Investment Partners Inc., Clear Harbor Asset Management LLC, and Adams Asset Advisors LLC. Company insiders that have bought Wells Fargo & Company stock in the last two years include Charles H Noski, and Charles W Scharf.
View insider buying and selling activity for Wells Fargo & Company.

How do I buy shares of Wells Fargo & Company?

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.

What is Wells Fargo & Company's stock price today?

One share of WFC stock can currently be purchased for approximately $21.18.

How big of a company is Wells Fargo & Company?

Wells Fargo & Company has a market capitalization of $87.26 billion and generates $103.92 billion in revenue each year. The financial services provider earns $19.55 billion in net income (profit) each year or $4.38 on an earnings per share basis. Wells Fargo & Company employs 260,000 workers across the globe.

What is Wells Fargo & Company's official website?

The official website for Wells Fargo & Company is www.wellsfargo.com.

How can I contact Wells Fargo & Company?

Wells Fargo & Company'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]

This page was last updated on 10/28/2020 by MarketBeat.com Staff
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