Wells Fargo & Company (WFC)
| Market Cap | 234.20B |
| Revenue (ttm) | 77.88B |
| Net Income (ttm) | 16.97B |
| Shares Out | 3.33B |
| EPS (ttm) | 4.79 |
| PE Ratio | 14.69 |
| Forward PE | 13.20 |
| Dividend | $1.60 (2.28%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 49,833,225 |
| Open | 69.17 |
| Previous Close | 68.85 |
| Day's Range | 68.77 - 71.04 |
| 52-Week Range | 46.12 - 78.13 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 67.82 (-3.58%) |
| Earnings Date | Jan 15, 2025 |
About WFC
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company 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 checkin... [Read more]
Financial Performance
In 2023, Wells Fargo & Company's revenue was $77.20 billion, an increase of 5.99% compared to the previous year's $72.83 billion. Earnings were $17.98 billion, an increase of 43.15%.
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $67.82, which is a decrease of -3.58% from the latest price.
News
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments n...
CFPB targets Big Banks in lawsuit over alleged fraud on Zelle
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against major banks JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC), along with Zelle's operator Early Warning...
US consumer watchdog sues banks over alleged ‘widespread' fraud on Zelle
Lawsuit is part of CFPB's aggressive agenda in reported bid to advance protections before Trump overhauls agency
Wells Fargo departs climate banking group in another high-profile exit after Goldman
Wells Fargo has withdrawn from a group of global banks committed to curbing greenhouse gas emissions, increasing the number of high-profile firms exiting climate initiatives amid mounting political pr...
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to pro...
U.S. Regulators Sue JPMorgan Chase, Bank Of America And Wells Fargo Over Alleged Fraud On Zelle
Financial regulators on Friday filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle's parent firm, accusing the companies of failing to protect consumers from “widespread fra...
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it. The agency alleges that the firms failed t...
Final Trade: UNH, XLE, WFC & NKE
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Final Trade: IWM, WFC, XLU, XLF
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Wells Fargo Bank Decreases Prime Rate to 7.50 Percent
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. About Wells Fargo Wells Fargo &...
Bank sector could see regulatory reform ahead
CNBC's Leslie Picker reports on news regarding the incoming administration.
Wells Fargo CEO More Confident in Bank's Compliance Controls
Wells Fargo's CEO reportedly has more confidence in his bank's efforts to remedy its compliance issues. Charlie Scharf's comments, as reported Wednesday (Dec. 11) by Reuters, follow the banking giant'...
Wells Fargo & Company (WFC) Goldman Sachs 2024 U.S. Financial Services Conference
Wells Fargo & Company (NYSE:WFC) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 8:40 AM ET Corporate Participants Charlie Scharf - Chief Executive Officer and President Confe...
Wells Fargo CEO expresses more confidence in regulatory fixes
Wells Fargo CEO Charlie Scharf expressed more confidence on Wednesday in the bank's progress to fix compliance problems after its years-long fake accounts scandal, detailing its efforts to implement r...
Opportunity For Wells Fargo Stock If The Asset Cap Is Lifted?
Wells Fargo's stock (NYSE: WFC) has gained close to 51% year-to-date, as compared to the 28% rise in the S&P 500 index over the same period. In comparison, Wells Fargo's peer, Bank of America (NYSE: B...
Wells Fargo to Present at the Goldman Sachs Financial Services Conference
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs Financial Services Conference on Wednesday, D...
Wells Fargo Selling San Francisco HQ in Eastward Expansion
Wells Fargo is reportedly selling its San Francisco headquarters as its leadership heads east. The banking giant's office in San Francisco's Financial District could go up for sale as soon as this mon...
US Stocks Likely To Open Higher As Investors Gear Up For A Historically Strong Month: Wells Fargo Strategists See Trump Policies Setting A Backdrop Where 'Equities Continue To Rally'
U.S. stocks could open on a positive note on Wednesday after the averages maintained a cautious stance on Tuesday. Futures of all three major indices were up on Wednesday, pointing to an optimistic se...
Wells Fargo to sell San Francisco headquarters, WSJ reports
Wells Fargo is set to sell its San Francisco headquarters, the Wall Street Journal reported on Tuesday, as the U.S. banking giant shifts its focus to the country's East Coast.
Wells Fargo to Sell San Francisco Headquarters
The move is part of a broader shift in the bank's power base to the East Coast.
The Big 3: EEM, WFC, SBUX
Ahead of the Thanksgiving holiday, Don Kaufman fills up his plate with a few example options trading ideas in the iShares Emerging Markets ETF (EEM), Wells Fargo (WFC) and Starbucks (SBUX). Rick Ducat...
Wells Fargo's Preferred Shares Offer A Reliable 6.1% Dividend Yield
I favor Wells Fargo's Series L "busted" preferred shares due to their low call risk and potential for capital gains upon forced conversion. Wells Fargo's financial results are robust, with preferred d...
Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. CEO Charlie Scharf has been addressing compliance...
Wells Fargo Supports Disaster Recovery With $2 million Grant to Team Rubicon
SAN FRANCISCO--(BUSINESS WIRE)-- #community--The Wells Fargo Foundation is donating $2 million to Team Rubicon over the next two years to support lasting disaster relief, including most recently in th...
Wells Fargo & Company Declares Cash Dividends on Preferred Stock
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% no...