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NYSE:WFC

Wells Fargo & Company (WFC) Stock Price, News & Analysis

$60.91
+0.67 (+1.11%)
(As of 07/17/2024 ET)
Today's Range
$59.89
$61.00
50-Day Range
$56.54
$62.33
52-Week Range
$38.38
$62.55
Volume
17.37 million shs
Average Volume
18.54 million shs
Market Capitalization
$212.35 billion
P/E Ratio
12.51
Dividend Yield
2.30%
Price Target
$59.31

Wells Fargo & Company MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
2.6% Downside
$59.31 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.55mentions of Wells Fargo & Company in the last 14 days
Based on 65 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.80%
From $5.13 to $5.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Finance Sector

85th out of 882 stocks

National Commercial Banks Industry

15th out of 87 stocks

WFC stock logo

About Wells Fargo & Company Stock (NYSE:WFC)

Wells Fargo & Company is a multinational financial services company that has established itself as a prominent player in the global financial industry. Founded in 1852 and headquartered in San Francisco, California, Wells Fargo operates in 35 countries and serves over 70 million customers worldwide. Its rich history and successful mergers and acquisitions have contributed to its significant global presence.

As a comprehensive financial services provider, Wells Fargo offers a wide range of banking, investment, mortgage, and consumer financial services. The company's mission is to satisfy its customers' financial needs and help them succeed financially. Wells Fargo aims to achieve this by providing exceptional service, acting with integrity, fostering diversity and inclusion, and contributing positively to the communities it serves.

Wells Fargo's extensive product and service portfolio caters to various market segments. The company serves individual consumers, small businesses, corporations, and institutional investors. Its key customers encompass a broad spectrum, ranging from everyday banking customers to high-net-worth individuals and large corporations. Wells Fargo aims to meet the diverse financial needs of its customers through personalized solutions and innovative offerings.

The company has achieved several notable milestones and received recognition for its contributions to the financial industry. Wells Fargo has been ranked as one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. It is also recognized as one of the largest banks in the country by total assets, deposits, and market capitalization. Wells Fargo's commitment to delivering quality financial services has earned it a position among the most valuable bank brands.

Wells Fargo is led by an experienced and capable management team that guides the company's operations and strategic direction. The leadership team consists of individuals with diverse backgrounds and extensive finance, banking, technology, risk management, and customer service expertise. The Chief Executive Officer and President of Wells Fargo is Charles W. Scharf, who brings a wealth of experience in the financial industry. The management team also includes key executives such as Michael J. Santomassimo as the Chief Financial Officer and Scott Powell as the Chief Operating Officer. Each management team member contributes their professional background, accomplishments, and expertise to ensure the company's success.

Wells Fargo has demonstrated consistent financial performance over the years, driven by its diverse business segments and strategic initiatives. The company has reported steady revenue growth, reflecting its ability to attract and retain a large customer base. Wells Fargo's revenue metrics indicate its success in generating income through its various financial services and product offerings.

Earnings metrics illustrate the company's profitability and stability. Wells Fargo's focus on prudent risk management practices and diversified revenue streams contributes to its ability to generate sustainable earnings. Profit margin metrics showcase the efficiency of Wells Fargo's operations. The company's ability to manage costs effectively while generating revenue is key to maintaining healthy profit margins. Debt levels play a significant role in evaluating the company's financial position. Wells Fargo's management strives to maintain a conservative approach to managing debt, ensuring a strong balance sheet and financial stability.

Wells Fargo's valuation metrics are influenced by a range of factors, including its market position, financial performance, growth prospects, risk profile, and investor sentiment. Factors driving Wells Fargo's valuation include its brand recognition, customer base, diversified business segments, and ability to generate consistent earnings. Changes in investor sentiment, market conditions, and regulatory developments can also impact the company's valuation over time.

Investors closely monitor Wells Fargo's stock performance, assessing its ability to deliver value over the long term. The stock has had issues in the past due to news or events that have affected the company's share price, such as regulatory actions, the global pandemic, and strategic initiatives. These factors should be considered in analyzing its market performance.

Wells Fargo operates in the highly competitive financial services industry, which is subject to evolving regulatory frameworks and technological advancements. Understanding the broader industry in which the company operates is crucial to assessing its competitive positioning.

Wells Fargo competes with other major banks and financial institutions domestically and internationally. The company leverages its brand recognition, extensive product and service offerings, customer relationships, and technological capabilities to gain a competitive advantage. However, it also faces challenges such as regulatory compliance, changing customer preferences, and disruptive market forces.

Wells Fargo has identified several growth opportunities within its diverse business segments. The company aims to deepen relationships with existing customers, attract new customers and expand its presence in key markets. In consumer banking, Wells Fargo focuses on enhancing digital capabilities, improving customer experience, and providing innovative solutions to meet evolving customer needs. The company seeks to leverage its strong brand and customer base to drive growth and increase customer loyalty. In wealth and investment management, Wells Fargo aims to capitalize on the growing demand for comprehensive financial planning and advisory services. The company's expertise in wealth management positions it well to capture opportunities in an increasingly complex investment landscape.

As with any financial institution, Wells Fargo faces various risks and challenges. It is important to comprehensively analyze potential risks and challenges to understand their potential impact on the company's performance. Factors such as regulatory changes, cybersecurity threats, economic downturns, and reputational risks pose challenges to Wells Fargo's operations. The company has implemented robust risk management strategies, invested in technology and security measures, and enhanced compliance frameworks to mitigate these risks. Ongoing efforts to prioritize ethical conduct, transparency, and stakeholder trust are integral to managing risks effectively.

WFC Stock Price History

WFC Stock News Headlines

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Why This Banking Stock Might Be Nearing the Bottom of Its Cycle (WFC)
Wells Fargo stock may be about to hit its bottom cycle, with plenty of tailwinds approaching in the coming quarters to bring the bank's profit level to recovery
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The financial sector ETF, XLF, has been consolidating for several months and is approaching a significant breakout level as earnings season begins.
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Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on Fed
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Company Calendar

Ex-Dividend for 6/1 Dividend
5/09/2024
Dividend Payable
6/01/2024
Last Earnings
7/12/2024
Today
7/17/2024
Next Earnings (Estimated)
10/11/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Diversified Banks
CUSIP
94974610
Employees
226,000
Year Founded
1852

Price Target and Rating

Average Stock Price Target
$59.31
High Stock Price Target
$67.00
Low Stock Price Target
$48.80
Potential Upside/Downside
-2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$19.14 billion
Pretax Margin
17.57%

Debt

Sales & Book Value

Annual Sales
$115.34 billion
Cash Flow
$7.75 per share
Book Value
$46.33 per share

Miscellaneous

Outstanding Shares
3,486,310,000
Free Float
3,483,526,000
Market Cap
$212.35 billion
Optionable
Optionable
Beta
1.17

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Should I Buy Wells Fargo & Company Stock? WFC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Wells Fargo & Company:

  • Wells Fargo & Company has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company's dividend payout ratio is currently at 29.23%, providing investors with a steady income stream through dividends.
  • Analysts have given positive ratings to Wells Fargo & Company, with several firms increasing their price targets, suggesting potential stock price appreciation.
  • Wells Fargo & Company's stock price has been trading above its 50-day and 200-day moving averages, indicating positive momentum in the market.
  • The company has a solid return on equity of 12.30%, reflecting efficient use of shareholder funds to generate profits.

Cons

Investors should be bearish about investing in Wells Fargo & Company for these reasons:

  • Wells Fargo & Company's stock has a beta of 1.17, indicating higher volatility compared to the market average, which may pose risks for investors.
  • The company's 50-day moving average is slightly below the 200-day moving average, potentially signaling a short-term bearish trend in the stock price.
  • While the dividend yield is attractive at 2.37%, the dividend payout ratio of 29.23% may limit future dividend growth or reinvestment in the business.
  • Wells Fargo & Company's debt-to-equity ratio of 1.14 is relatively high, which could indicate higher financial leverage and associated risks.
  • Despite positive analyst ratings, the stock has faced challenges in reaching consensus price targets, suggesting uncertainty in future stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Wells Fargo & Company pros and cons to contact@marketbeat.com.

WFC Stock Analysis - Frequently Asked Questions

How have WFC shares performed this year?

Wells Fargo & Company's stock was trading at $49.22 at the beginning of 2024. Since then, WFC stock has increased by 23.8% and is now trading at $60.91.
View the best growth stocks for 2024 here
.

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

Wells Fargo & Company (NYSE:WFC) posted its quarterly earnings results on Friday, July, 12th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. The firm's quarterly revenue was up .8% compared to the same quarter last year.
Read the conference call transcript
.

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

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.

Does Wells Fargo & Company have any subsidiaries?

The following companies are subsidiaries of Wells Fargo & Company: Merlin Securities, Castle Pines Capital, Wachovia Corporation, Ragen Mackenzie, EVEREN Capital Corporation, Norwest Venture Partners XIII LP, Norwest Venture Partners XII LP, and more.

Who are Wells Fargo & Company's major shareholders?

Wells Fargo & Company's top institutional investors include Artemis Investment Management LLP (0.03%), Gateway Investment Advisers LLC (0.02%), Wedge Capital Management L L P NC (0.02%) and Manning & Napier Advisors LLC (0.02%). Insiders that own company stock include Kleber Santos, Richard K Davis and Felicia F Norwood.
View institutional ownership trends
.

How do I buy shares of Wells Fargo & Company?

Shares of WFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Exxon Mobil (XOM).

This page (NYSE:WFC) was last updated on 7/18/2024 by MarketBeat.com Staff

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