NYSE:WFCWells Fargo & Co Stock Price, Forecast & News

Wells Fargo & Co'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 24.5% and is now trading at $24.40.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Co in the last year. There are currently 4 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, October 20th 2020.
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Wells Fargo & Co (NYSE:WFC) issued its quarterly earnings data on Tuesday, July, 14th. The financial services provider reported ($0.66) EPS for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.50. The financial services provider earned $17.80 billion during the quarter, compared to analyst estimates of $18.30 billion. Wells Fargo & Co had a return on equity of 4.33% and a net margin of 6.26%. The company's quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share.
View Wells Fargo & Co's earnings history.

Wells Fargo & Co declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of $0.10 per share on Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, August 6th.
View Wells Fargo & Co's dividend history.

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

26 analysts have issued twelve-month price targets for Wells Fargo & Co's stock. Their forecasts range from $19.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $33.76 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price.
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Media headlines about WFC stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Wells Fargo & Co earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future.
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Wells Fargo & Co saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 30,110,000 shares, a drop of 18.4% from the June 30th total of 36,910,000 shares. Based on an average trading volume of 51,300,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company's stock are short sold.
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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), Truist Financial (TFC), PNC Financial Services Group (PNC), UBS Group (UBS), Intesa Sanpaolo (ISNPY), DBS GRP HOLDING/S (DBSDY), National Australia Bank (NABZY), Mizuho Financial Group (MFG), Capital One Financial (COF), China Minsheng Banking (CMAKY) and BANCO DO BRASIL/S (BDORY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo & Co investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), Intel (INTC), General Electric (GE), Cisco Systems (CSCO), Walt Disney (DIS), Citigroup (C), Exxon Mobil (XOM) and Verizon Communications (VZ).

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

Wells Fargo & Co's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.38%), Pzena Investment Management LLC (0.33%), Rothschild & Co Wealth Management UK Ltd (0.25%), Magnolia Group LLC (0.16%), New York State Teachers Retirement System (0.13%) and Alecta Pensionsforsakring Omsesidigt (0.13%). Company insiders that own Wells Fargo & Co stock include Avid Modjtabai, Charles H Noski, Charles W Scharf, Hope A Hardison and Petros G Pelos.
View institutional ownership trends for Wells Fargo & Co.

WFC stock was sold by a variety of institutional investors in the last quarter, including Schafer Cullen Capital Management Inc, DAVENPORT & Co LLC, Sumitomo Mitsui Trust Holdings Inc., M&G Investment Management Ltd., Alecta Pensionsforsakring Omsesidigt, Retirement Systems of Alabama, 6 Meridian, and New York State Teachers Retirement System.
View insider buying and selling activity for Wells Fargo & Co.

WFC stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Prudential PLC, Hosking Partners LLP, Wilsey Asset Management Inc., Scharf Investments LLC, Pacer Advisors Inc., Manitou Investment Management Ltd., and Exchange Traded Concepts LLC. Company insiders that have bought Wells Fargo & Co stock in the last two years include Charles H Noski, and Charles W Scharf.
View insider buying and selling activity 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 $24.40.

Wells Fargo & Co has a market capitalization of $100.04 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 & Co employs 260,000 workers across the globe.

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

Wells Fargo & Co's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94104. The financial services provider can be reached via phone at 866-249-3302 or via email at [email protected]