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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last twelve months. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WFC shares.
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15 equities research analysts have issued 12 month price targets for Wells Fargo & Company's shares. Their WFC share price forecasts range from $45.00 to $67.00. On average, they anticipate the company's stock price to reach $55.03 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for WFC or view top-rated stocks among Wall Street analysts.

Wells Fargo & Company's stock was trading at $47.98 at the beginning of 2022. Since then, WFC shares have decreased by 1.1% and is now trading at $47.44.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
View our WFC earnings forecast.

Wells Fargo & Company will be holding an earnings conference call on Friday, January 13th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 203-369-3346 with passcode "5964#".

Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings results on Friday, October, 14th. The financial services provider reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.09 by $0.24. The financial services provider had revenue of $19.51 billion for the quarter, compared to analyst estimates of $18.78 billion. Wells Fargo & Company had a net margin of 19.95% and a trailing twelve-month return on equity of 10.95%. Wells Fargo & Company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share.
Read the conference call transcript.

Wells Fargo & Company announced a quarterly dividend on Tuesday, October 25th. Investors of record on Friday, November 4th will be paid a dividend of $0.30 per share on Thursday, December 1st. This represents a $1.20 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, November 3rd.
Read our dividend analysis for WFC.

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 23.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WFC.

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

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), Johnson & Johnson (JNJ), Citigroup (C) and Cisco Systems (CSCO).

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

Wells Fargo & Company's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.58%), Price T Rowe Associates Inc. MD (2.77%), Primecap Management Co. CA (1.27%), Davis Selected Advisers (0.84%), Bank of New York Mellon Corp (0.80%) and Sanders Capital LLC (0.66%). Insiders that own company stock include Beurden Saul Van, Charles H Noski, Charles W Scharf and Kleber Santos.
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Shares of WFC stock 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.
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One share of WFC stock can currently be purchased for approximately $47.44.

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $180.77 billion and generates $82.41 billion in revenue each year. The financial services provider earns $21.55 billion in net income (profit) each year or $3.85 on an earnings per share basis.

The company employs 247,848 workers across the globe.

Wells Fargo & Company's mailing address is 420 MONTGOMERY STREET, SAN FRANCISCO CA, 94163. The official website for the company is www.wellsfargo.com. The financial services provider can be reached via phone at (866) 249-3302, via email at investorrelations@wellsfargo.com, or via fax at 302-636-5454.