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

$28.77
+0.14 (+0.49 %)
(As of 04/8/2020 03:59 AM ET)
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Today's Range
$28.71
Now: $28.77
$30.78
50-Day Range
$25.25
MA: $35.29
$48.22
52-Week Range
$25.10
Now: $28.77
$54.75
Volume39.21 million shs
Average Volume50.27 million shs
Market Capitalization$117.65 billion
P/E Ratio7.16
Dividend Yield7.78%
Beta1.35
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services. As of February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.66 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$103.92 billion
Cash Flow$7.27 per share
Book Value$39.35 per share

Profitability

Net Income$19.55 billion

Miscellaneous

Employees260,000
Outstanding Shares4,089,400,000
Market Cap$117.65 billion
Next Earnings Date4/14/2020 (Confirmed)
OptionableOptionable

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

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

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. Since then, WFC stock has decreased by 11.0% and is now trading at $28.77. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 4 sell ratings, 18 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Wells Fargo & Co.

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

Wells Fargo & Co is scheduled to release its next quarterly earnings announcement on Tuesday, April 14th 2020. View our earnings forecast for Wells Fargo & Co.

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

Wells Fargo & Co will be holding an earnings conference call on Tuesday, April 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 & Co's earnings last quarter?

Wells Fargo & Co (NYSE:WFC) released its quarterly earnings results on Tuesday, January, 14th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.17. The financial services provider had revenue of $19.86 billion for the quarter, compared to analyst estimates of $20.11 billion. Wells Fargo & Co had a net margin of 18.81% and a return on equity of 12.11%. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. View Wells Fargo & Co's earnings history.

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

Wells Fargo & Co declared a quarterly dividend on Tuesday, January 28th. Investors of record on Friday, February 7th will be given a dividend of $0.51 per share on Sunday, March 1st. This represents a $2.04 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Thursday, February 6th. View Wells Fargo & Co's dividend history.

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

Wells Fargo & Co announced that its board has approved a stock buyback 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. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

What price target have analysts set for WFC?

24 equities research analysts have issued twelve-month price targets for Wells Fargo & Co's stock. Their forecasts range from $21.00 to $60.00. On average, they expect Wells Fargo & Co's share price to reach $44.26 in the next twelve months. This suggests a possible upside of 53.8% from the stock's current price. View analysts' price targets for Wells Fargo & Co.

Has Wells Fargo & Co been receiving favorable news coverage?

Headlines about WFC stock have been trending very negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press 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 nearest to five being the most favorable. Wells Fargo & Co earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutWells Fargo & Co.

Are investors shorting Wells Fargo & Co?

Wells Fargo & Co saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 53,958,300 shares, an increase of 24.3% from the February 27th total of 43,400,000 shares. Based on an average daily volume of 23,760,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.3% of the shares of the company are short sold. View Wells Fargo & Co's Current Options Chain.

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

What other stocks do shareholders of Wells Fargo & Co own?

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

Who are Wells Fargo & Co's key executives?

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

What is Wells Fargo & Co's stock symbol?

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

Who are Wells Fargo & Co's major shareholders?

Wells Fargo & Co's stock is owned by many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.02%), Gradient Investments LLC (0.01%), IBM Retirement Fund (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%), Enterprise Trust & Investment Co (0.00%) and Neville Rodie & Shaw Inc. (0.00%). 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.

Which major investors are selling Wells Fargo & Co stock?

WFC stock was sold by a variety of institutional investors in the last quarter, including Triangle Securities Wealth Management, Private Trust Co. NA, Nexus Investment Management Inc., Park National Corp OH, M&R Capital Management Inc., Boltwood Capital Management, First Financial Bank Trust Division, and Neville Rodie & Shaw Inc.. View insider buying and selling activity for Wells Fargo & Co.

Which major investors are buying Wells Fargo & Co stock?

WFC stock was acquired by a variety of institutional investors in the last quarter, including Gradient Investments LLC, IBM Retirement Fund, State of Alaska Department of Revenue, Global Trust Asset Management LLC, IMS Capital Management, Nelson Van Denburg & Campbell Wealth Management Group LLC, Shakespeare Wealth Management Inc., and Truehand Inc. 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.

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, Robinhood, Fidelity, and Charles Schwab.

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

One share of WFC stock can currently be purchased for approximately $28.77.

How big of a company is Wells Fargo & Co?

Wells Fargo & Co has a market capitalization of $117.65 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. View additional information about Wells Fargo & Co.

What is Wells Fargo & Co's official website?

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

How can I contact Wells Fargo & Co?

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]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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