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NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

$23.91
-1.22 (-4.85 %)
(As of 09/21/2020 03:04 PM ET)
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Compare
Today's Range
$23.73
Now: $23.91▼
$24.52
50-Day Range
$23.64
MA: $24.54▼
$25.71
52-Week Range
$22.00
Now: $23.91▼
$54.75
Volume2.65 million shs
Average Volume42.02 million shs
Market Capitalization$98.51 billion
P/E Ratio27.48
Dividend Yield1.59%
Beta1.08
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™

2.50 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

Debt

Debt-to-Equity Ratio1.45
Current Ratio0.88
Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio27.48
Forward P/E Ratio1,195.50
P/E Growth125.04

Sales & Book Value

Annual Sales$103.92 billion
Price / Sales0.95
Cash Flow$6.53 per share
Price / Cash Flow3.66
Book Value$39.35 per share
Price / Book0.61

Profitability

EPS (Most Recent Fiscal Year)$4.38
Net Income$19.55 billion
Net Margins6.26%
Return on Equity4.33%
Return on Assets0.37%

Miscellaneous

Employees260,000
Outstanding Shares4,120,047,000
Market Cap$98.51 billion
Next Earnings Date10/14/2020 (Confirmed)
OptionableOptionable
$23.91
-1.22 (-4.85 %)
(As of 09/21/2020 03:04 PM 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?

Wells Fargo & Company's stock was trading at $32.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WFC stock has decreased by 26.3% and is now trading at $23.82.
View which stocks have been most impacted by COVID-19.

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

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 3 sell ratings, 16 hold ratings and 7 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 Wednesday, October 14th 2020.
View our earnings forecast for Wells Fargo & Company.

How can I listen to Wells Fargo & Company's earnings call?

Wells Fargo & Company will be holding an earnings conference call on Wednesday, October 14th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Wells Fargo & Company (NYSE:WFC) posted its earnings results on Tuesday, July, 14th. The financial services provider reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by $0.50. The financial services provider had revenue of $17.80 billion for the quarter, compared to analysts' expectations of $18.30 billion. Wells Fargo & Company had a net margin of 6.26% and a return on equity of 4.33%. The firm's revenue was down 17.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share.
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 declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, August 6th.
View Wells Fargo & Company's dividend history.

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

Wells Fargo & Company announced that its board has initiated a share repurchase plan on Tuesday, July 23rd 2019, which allows the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

What price target have analysts set for WFC?

26 brokers have issued 1-year price targets for Wells Fargo & Company's stock. Their forecasts range from $23.00 to $60.00. On average, they anticipate Wells Fargo & Company's stock price to reach $33.61 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price.
View analysts' price targets for Wells Fargo & Company.

Are investors shorting Wells Fargo & Company?

Wells Fargo & Company saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 34,830,000 shares, an increase of 15.7% from the July 15th total of 30,110,000 shares. Based on an average trading volume of 50,880,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.9% of the shares of the company 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), Bank of America (BAC), Industrial & Cmrcl Bnk f China (IDCBY), Citigroup (C), U.S. Bancorp (USB), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), Intesa Sanpaolo (ISNPY), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), 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), Walt Disney (DIS), Exxon Mobil (XOM), Cisco Systems (CSCO), Citigroup (C) and Johnson & Johnson (JNJ).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.38%), Davis Selected Advisers (0.69%), Charles Schwab Investment Management Inc. (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Nuveen Asset Management LLC (0.34%) and Pzena Investment Management LLC (0.33%). 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 Vanguard Group Inc., Charles Schwab Investment Management Inc., Toronto Dominion Bank, Nuveen Asset Management LLC, Sanders Capital LLC, Schafer Cullen Capital Management Inc, APG Asset Management N.V., and Alleghany Corp DE.
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 Bank of Nova Scotia, FIL Ltd, AQR Capital Management LLC, Pzena Investment Management LLC, Marshall Wace LLP, Nordea Investment Management AB, Mairs & Power Inc., and Marshall Wace North America L.P.. 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 $23.82.

How big of a company is Wells Fargo & Company?

Wells Fargo & Company has a market capitalization of $98.14 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 9/21/2020 by MarketBeat.com Staff
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