Wells Fargo & Company - WFC Stock Forecast, Price & News

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WFC. BMO Capital Markets reduced their price objective on Wells Fargo & Company from $64.00 to $60.00 and set a "market perform" rating on the stock in a research report on Monday, April 18th. Credit Suisse Group lowered their target price on Wells Fargo & Company from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Monday, July 18th. Jefferies Financial Group reduced their price target on Wells Fargo & Company from $55.00 to $47.00 in a report on Monday, July 11th. The Goldman Sachs Group upped their target price on shares of Wells Fargo & Company from $54.00 to $56.00 in a research note on Thursday, April 14th. Finally, Barclays dropped their target price on shares of Wells Fargo & Company from $64.00 to $58.00 and set an "overweight" rating on the stock in a report on Monday, July 18th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $55.31.

Wells Fargo & Company Price Performance

Shares of WFC Stock traded down $0.30 during trading hours on Monday, hitting $43.46. The company had a trading volume of 165,187 shares, compared to its average volume of 27,321,664. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.81. The firm has a market capitalization of $164.85 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.07 and a beta of 1.18. Wells Fargo & Company has a 12 month low of $36.54 and a 12 month high of $60.30. The firm's fifty day moving average is $41.50 and its 200 day moving average is $46.82.

Wells Fargo & Company (NYSE:WFC - Get Rating) last released its quarterly earnings data on Friday, July 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.14). Wells Fargo & Company had a return on equity of 10.67% and a net margin of 22.52%. The company had revenue of $17.03 billion for the quarter, compared to analyst estimates of $17.54 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The business's revenue was down 16.0% compared to the same quarter last year. On average, sell-side analysts predict that Wells Fargo & Company will post 4 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 5th will be issued a dividend of $0.30 per share. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.76%. Wells Fargo & Company's dividend payout ratio (DPR) is presently 28.78%.