NYSE:WFC

Wells Fargo & Company Stock Forecast, Price & News

$42.70
-0.54 (-1.25 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$42.68
Now: $42.70
$43.52
50-Day Range
$37.16
MA: $39.94
$43.88
52-Week Range
$20.76
Now: $42.70
$44.40
Volume24.49 million shs
Average Volume35.61 million shs
Market Capitalization$176.53 billion
P/E Ratio115.41
Dividend Yield0.93%
Beta1.07
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.
Wells Fargo & Company logo

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryDiversified Banks
SectorFinance
CUSIP94974610
Phone866-249-3302
Employees264,513
Year Founded1852

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$103.92 billion
Cash Flow$12.56 per share
Book Value$39.06 per share

Profitability

Net Income$19.55 billion

Miscellaneous

Outstanding Shares4,134,145,000
Market Cap$176.53 billion
Next Earnings Date7/13/2021 (Estimated)
OptionableOptionable

Headlines

Asian shares decline on vaccine, virus worries
April 12, 2021 |  marketbeat.com
The Top 3 Financial Stocks You Can Bank On (WFC)
March 26, 2021 |  marketbeat.com
WELLS FARGO & CO : Early Redemption(s)
April 21, 2021 |  markets.businessinsider.com
See More Headlines

MarketRank

Overall MarketRank

1.98 out of 5 stars

Finance Sector

206th out of 1,947 stocks

National Commercial Banks Industry

31st out of 163 stocks

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$42.70
-0.54 (-1.25 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

Is Wells Fargo & Company a buy right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Wells Fargo & Company stock.
View analyst ratings for Wells Fargo & Company
or view top-rated stocks.

What stocks does MarketBeat like better than Wells Fargo & Company?

Wall Street analysts have given Wells Fargo & Company a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Wells Fargo & Company wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Wells Fargo & Company is scheduled to release its next quarterly earnings announcement on Tuesday, July 13th 2021.
View our earnings forecast for Wells Fargo & Company
.

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

Wells Fargo & Company (NYSE:WFC) announced its quarterly earnings data on Tuesday, April, 13th. The financial services provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.36. The financial services provider had revenue of $18.06 billion for the quarter, compared to analyst estimates of $17.42 billion. Wells Fargo & Company had a net margin of 3.72% and a trailing twelve-month return on equity of 3.18%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 earnings per share.
View Wells Fargo & Company's earnings history
.

How has Wells Fargo & Company's stock price been impacted by Coronavirus?

Wells Fargo & Company's stock was trading at $32.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WFC stock has increased by 32.1% and is now trading at $42.70.
View which stocks have been most impacted by COVID-19
.

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, January 26th. Investors of record on Friday, February 5th will be paid a dividend of $0.10 per share on Monday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 4th.
View Wells Fargo & Company's dividend history
.

Is Wells Fargo & Company a good dividend stock?

Wells Fargo & Company pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.93%. Wells Fargo & Company does not yet have a strock track record of dividend growth. The dividend payout ratio of Wells Fargo & Company is 9.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Wells Fargo & Company will have a dividend payout ratio of 21.28% next year. This indicates that Wells Fargo & Company will be able to sustain or increase its dividend.
View Wells Fargo & Company's dividend history.

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

Wells Fargo & Company announced that its Board of Directors has approved a stock repurchase program on Tuesday, July 23rd 2019, which permits the company to repurchase 350,000,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for WFC?

23 Wall Street analysts have issued twelve-month price objectives for Wells Fargo & Company's shares. Their forecasts range from $27.00 to $50.00. On average, they anticipate Wells Fargo & Company's share price to reach $39.86 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts' price targets for Wells Fargo & Company
or view top-rated stocks among Wall Street analysts.

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 56, Pay $6.85M) (LinkedIn Profile)
  • Mr. Michael P. Santomassimo, Sr. EVP & CFO (Age 46, Pay $3.51M)
  • Mr. Scott E. Powell, Sr. EVP & COO (Age 59, Pay $6.72M) (LinkedIn Profile)
  • Ms. Mary Tabb Mack, Sr. EVP and CEO of Consumer & Small Bus. Banking (Age 58, Pay $3.44M)
  • Mr. Lester J. Owens, Sr. EVP & Head of Operations (Age 63, Pay $3.01M)
  • Ms. Muneera S. Carr, Chief Accounting Officer, Exec. VP & Controller (Age 52)
  • Mr. David Owen, Chief Admin. Officer
  • Mr. John M. Campbell, Director of Investor Relations
  • Mr. Michael E. Roemer, Chief Compliance Officer (Age 58)
  • Ms. Ellen Reilly Patterson Esq., J.D., Sr. EVP & Gen. Counsel (Age 47)

What is Charlie Scharf's approval rating as Wells Fargo & Company's CEO?

1,413 employees have rated Wells Fargo & Company CEO Charlie Scharf on Glassdoor.com. Charlie Scharf has an approval rating of 67% among Wells Fargo & Company's employees.

Who are some of Wells Fargo & Company's key 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).

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 variety of institutional and retail investors. Top institutional shareholders include Rothschild & Co Wealth Management UK Ltd (0.26%), New York State Teachers Retirement System (0.13%), Magnolia Group LLC (0.10%), Retirement Systems of Alabama (0.07%), Chevy Chase Trust Holdings Inc. (0.07%) and Calamos Advisors LLC (0.04%). Company insiders that own Wells Fargo & Company stock include Beurden Saul Van, 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 Magnolia Group LLC, Calamos Advisors LLC, Hexavest Inc., Polaris Wealth Advisory Group LLC, Sentry Investment Management LLC, Chevy Chase Trust Holdings Inc., New York State Teachers Retirement System, and Hennessy Advisors Inc..
View insider buying and selling activity for Wells Fargo & Company
or view top insider-selling stocks.

Which major investors are buying Wells Fargo & Company stock?

WFC stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Atalanta Sosnoff Capital LLC, Gateway Investment Advisers LLC, Rothschild & Co Wealth Management UK Ltd, CHURCHILL MANAGEMENT Corp, Boothe Investment Group Inc., Advisors Management Group Inc. ADV, and OLD National Bancorp IN. Company insiders that have bought Wells Fargo & Company stock in the last two years include Beurden Saul Van, Charles H Noski, and Charles W Scharf.
View insider buying and selling activity for Wells Fargo & Company
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of WFC stock can currently be purchased for approximately $42.70.

How much money does Wells Fargo & Company make?

Wells Fargo & Company has a market capitalization of $176.53 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.

How many employees does Wells Fargo & Company have?

Wells Fargo & Company employs 264,513 workers across the globe.

Does Wells Fargo & Company have any subsidiaries?

The following companies are subsidiares of Wells Fargo & Company: AILS, Augustus Ventures Limited, Azalea Asset Management, Bergamasco Funding, Biscoe Finance, Brittlebush Financing, Carnation Asset Management, Danube Holdings I C.V., Danube I Limited Partner, EVEREN Capital Corporation, Eastdil Secured, Eastdil Secured Broker Services, FNL Insurance Company, Falcon Asset Management, Greenfield Funding, Iapetus Funding, IntraWest Asset Management , Island Finance Holding Company, Komondor Funding, Mastiff Funding, Merlin Securities, Monument Street Funding, Mulberry Asset Management, NVP Associates, Norwest Equity Partners IX, Norwest Financial Funding, Norwest Venture Partners IX, Norwest Venture Partners XI, Norwest Venture Partners XII, Norwest Venture Partners XIII, OmniPlus Capital Corporation, PRN Holdings, Pelican Asset Management, Peony Asset Management, Pheasant Asset Management, Pumi Funding, Pyrenees Funding, REDUS Properties, Ragen Mackenzie, Reliable Financial Services, Sagebrush Asset Management, Salvo Finance GP, Silver Asset Management, Sirius Funding, Sparta GP Holding, Sparta GP Holding REO Corp, Stagecoach Wagon Wheel, The Thirty-Eight Hundred Fund, Trade School Finance LLC, Union Hamilton Reinsurance, Violet Asset Management, WFC Holdings, WFC Holdings Corporation, Wachovia Trade Finance Corporation, Wells Capital Management Incorporated, Wells Fargo Affordable Housing Community Development Corporation, Wells Fargo Asset Management Holdings, Wells Fargo Auto Receivables, Wells Fargo Bank International Unlimited Company, Wells Fargo Bank National Association, Wells Fargo Bank South Central, Wells Fargo Capital Finance, Wells Fargo Central Pacific Holdings, Wells Fargo Clearing Services, Wells Fargo Commercial Distribution Finance, Wells Fargo Community Development Corporation, Wells Fargo Community Investment Holdings, Wells Fargo Dealer Floorplan Master Note Trust, Wells Fargo Distribution Finance, Wells Fargo Equipment Finance, Wells Fargo Financial, Wells Fargo Financial Leasing, Wells Fargo Financial National Bank, Wells Fargo Funding, Wells Fargo Funds Management, Wells Fargo Home Mortgage Real Estate Funding 1, Wells Fargo Insurance, Wells Fargo Insurance Re, Wells Fargo International B.V., Wells Fargo Investment Group, Wells Fargo Municipal Capital Strategies, Wells Fargo Municipal Funding, Wells Fargo Preferred Funding Holding Corp, Wells Fargo Principal Lending, Wells Fargo Rail Corporation, Wells Fargo Real Estate Investment Corporation, Wells Fargo Securities, Wells Fargo USA Holdings, Wells Fargo Vendor Financial Services, Wells Fargo Wind Holdings LLC, and Whippet Funding.

When was Wells Fargo & Company founded?

Wells Fargo & Company was founded in 1852.

What is Wells Fargo & Company's official website?

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

Where are Wells Fargo & Company's headquarters?

Wells Fargo & Company is headquartered at 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163.

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 4/22/2021 by MarketBeat.com Staff
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