Wells Fargo & Company (WFC)
| Market Cap | 254.89B |
| Revenue (ttm) | 77.96B |
| Net Income (ttm) | 18.61B |
| Shares Out | 3.29B |
| EPS (ttm) | 5.37 |
| PE Ratio | 14.43 |
| Forward PE | 13.19 |
| Dividend | $1.60 (2.07%) |
| Ex-Dividend Date | Feb 7, 2025 |
| Volume | 18,190,680 |
| Open | 78.91 |
| Previous Close | 78.63 |
| Day's Range | 77.33 - 79.45 |
| 52-Week Range | 50.15 - 81.50 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 73.76 (-4.83%) |
| Earnings Date | Apr 11, 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 2024, Wells Fargo & Company's revenue was $77.96 billion, an increase of 0.99% compared to the previous year's $77.20 billion. Earnings were $18.61 billion, an increase of 3.47%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $73.76, which is a decrease of -4.83% from the latest price.
News
Wells Fargo: Using A 5.8% Preferred Stock To Bet On Lower Interest Rates
Wells Fargo's Series Z preferred shares offer a 5.80% yield and potential capital gains if interest rates decrease, making them a "total return" idea. The bank's preferred dividends are well covered, ...
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...
Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company's co...
Wells Fargo & Company (WFC) UBS Financial Services Conference (Transcript)
Wells Fargo & Company (NYSE:WFC) UBS Financial Services Conference February 11, 2025 8:50 AM ET Company Participants Mike Santomassimo - CFO Conference Call Participants Erika Najarian - UBS Erika Na...
Wells Fargo CFO says five consent orders are remaining
A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales practices, and he added the recent termination of three r...
Wells Fargo Expands Its Commercial Banking Transformation with Q2 to Drive Collaboration Across Commercial Banking Teams
AUSTIN, Texas--(BUSINESS WIRE)--Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced that Wells Fargo (NYSE: WFC) has launched...
Bank stocks pop after Fed releases 'easier' 2025 stress test, plans to make exam more predictable
Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous years. While still ...
Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to FFF Enterprises, Inc.
NEW YORK , Feb. 5, 2025 /PRNewswire/ -- Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship betwee...
WFC.PR.L : 6.3% IG Yield Forever On Top Of Appealing Capital Appreciation Potential
Wells Fargo & Co.'s 7.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (WFC-L) offers a compelling addition to our long-duration portfolio due to its attractive yield and unique char...
Wells Fargo clears another postscandal regulatory hurdle — but more remain
The bank's stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but five more remain, including its asset cap.
Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding...
Wells Fargo to Present at the UBS Financial Services Conference
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Conference on Tuesday, Feb. 11, 2...
US banks say demand for business loans rose in Q4 -Fed survey
U.S. banks say demand for business loans strengthened in the fourth quarter, with the net share of banks reporting an increase turning positive for the first time in two years, a Federal Reserve surve...
Wells Fargo Survey: Commercial Business Sentiment Reaches its Highest Level in Four Years, Following the Election
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, ...
Wells Fargo's co-CEO of investment banking Jon Weiss to step down
Wells Fargo's co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention to retire and will step down from his position effective immediately, the company said...
Jon Weiss, Co-CEO of Corporate & Investment Banking, to Retire from Wells Fargo
SAN FRANCISCO--(BUSINESS WIRE)--Jon Weiss, Co-CEO of Corporate & Investment Banking, to Retire from Wells Fargo.
CFPB Terminates 2022 Consent Order Against Wells Fargo
Wells Fargo has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. ...
Wells Fargo & Company Announces Common Stock Dividend
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable March 1, 2025, to stockh...
Wells Fargo's 2022 CFPB Consent Order Terminates
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer depo...
Banks Kick Q4 Earnings Season Off With A Bang As CEO Sentiment Improves
Banks such as JPMorgan, Citi, and Goldman Sachs started the earnings season off on a positive note when all beat expectations on the top and bottom lines. The pre-peak Late Earnings Report Index fell ...
Wells Fargo hires JPMorgan executive as head of cards and merchant services
U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately.
Wells Fargo Names Ed Olebe as Head of Cards and Merchant Services
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Ed Olebe has been named the company's new head of Cards and Merchant Services, effective immediately. Olebe joins...
Wells Fargo: Likely Fairly Valued (Rating Upgrade)
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance and a 1.2% Q/Q increase in net interest income. Despite an improved net interest income outlook for FY 20...