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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wells Fargo & Company in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" WFC shares.
View WFC analyst ratings or view top-rated stocks.

13 brokerages have issued twelve-month target prices for Wells Fargo & Company's stock. Their WFC share price forecasts range from $42.00 to $64.00. On average, they expect the company's share price to reach $51.88 in the next year. This suggests a possible upside of 37.1% 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 $41.29 at the beginning of 2023. Since then, WFC shares have decreased by 8.4% and is now trading at $37.84.
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Wells Fargo & Company saw a increase in short interest in February. As of February 15th, there was short interest totaling 27,460,000 shares, an increase of 29.0% from the January 31st total of 21,290,000 shares. Based on an average daily volume of 18,230,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.7% of the shares of the stock are sold short.
View Wells Fargo & Company's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our WFC earnings forecast.

Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings data on Friday, January, 13th. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The financial services provider earned $19.66 billion during the quarter, compared to the consensus estimate of $20.04 billion. Wells Fargo & Company had a net margin of 15.91% and a trailing twelve-month return on equity of 9.28%. Wells Fargo & Company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS.

Wells Fargo & Company announced a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.30 per share on Wednesday, March 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, February 2nd.
Read our dividend analysis for WFC.

ETFs with the largest weight of Wells Fargo & Company (NYSE:WFC) stock in their portfolio include Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Davis Select U.S. Equity ETF (DUSA), Davis Select Worldwide ETF (DWLD), Davis Select Financial ETF (DFNL), Gabelli Financial Services Opportunities ETF (GABF), Alpha Intelligent - Large Cap Value ETF (AILV) and iShares U.S. Financial Services ETF (IYG).

Wells Fargo & Company (NYSE:WFC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.31%. 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 38.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WFC will have a dividend payout ratio of 23.26% 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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (2.36%), Geode Capital Management LLC (1.78%), Norges Bank (1.30%), Davis Selected Advisers (0.81%), Moneta Group Investment Advisors LLC (0.69%) and Sanders Capital LLC (0.65%). Insiders that own company stock include Beurden Saul Van 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 $37.84.

Wells Fargo & Company (NYSE:WFC) has a market capitalization of $142.93 billion and generates $82.86 billion in revenue each year. The financial services provider earns $13.18 billion in net income (profit) each year or $3.14 on an earnings per share basis.

The company employs 238,000 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.