Wells Fargo & Company (WFC)
| Market Cap | 212.56B |
| Revenue (ttm) | 82.73B |
| Net Income (ttm) | 17.58B |
| Shares Out | 3.49B |
| EPS (ttm) | 4.80 |
| PE Ratio | 12.70 |
| Forward PE | 11.99 |
| Dividend | $1.40 (2.30%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 7,565,437 |
| Open | 60.49 |
| Previous Close | 60.59 |
| Day's Range | 60.14 - 61.18 |
| 52-Week Range | 38.39 - 62.55 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 59.34 (-2.67%) |
| Earnings Date | Jul 12, 2024 |
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, WFC's revenue was $82.60 billion, an increase of 11.07% compared to the previous year's $74.37 billion. Earnings were $17.98 billion, an increase of 43.15%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $59.34, which is a decrease of -2.67% from the latest price.
News
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
Top U.S. banks hike dividends after sailing through Fed's stress test
U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve'...
Wells Fargo Issues Statement Regarding the Federal Reserve's Stress Test Results and Intention to Raise Dividend by 14%
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2024 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Company expec...
U.S. banks are in a good and resilient place, says Wells Fargo's Mike Mayo
Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss big banks stress tests and his outlook for the sector.
Piper Sandler's Scott Siefers on key takeaways from stress test results
Scott Siefers, Piper Sandler senior research analyst, joins 'Money Movers' to discuss his key takeaways from the annual stress test results.
US banks weather Fed's annual stress test, but risks rise
Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Fede...
Big US banks withstand Fed's commercial real estate shock scenario
Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve's annual health test, easing fears about the banking sector as landlords struggle...
Bank stocks very well positioned headed into quarterly earnings, says KBW's Tom Michaud
Tom Michaud, KBW CEO, joins 'Fast Money' with reaction to results of the Federal Reserve's bank stress test.
Banks are more focused on credit than rates, says Hennessy Fund's David Ellison
David Ellison, Hennessy Funds Portfolio Manager and Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk the Fed's bank stress test.
Biggest US Banks Pass Fed's Annual Stress Test
The biggest US banks stayed above the Federal Reserve's minimum capital requirements during a hypothetical recession. Altogether, the group would take nearly $685 billion in losses, driving a larger d...
Fed on stress test: All banks tested remained above minimum capital requirements
CNBC's Leslie Picker joins 'Closing Bell Overtime' with breaking news on the Fed's bank stress test results.
US banks suffer steeper losses, but retain large cushions in annual Fed health check
The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve's annual "stress test" exercise showed on Wednesday, but firms faced steeper hypot...
Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared ...
Biggest Banks Can Withstand Severe Downturn, $685 Billion in Losses, Fed Says
WASHINGTON—Big U.S. banks passed their latest annual stress test, with the Federal Reserve finding they would be able to continue lending to households and businesses in a severe recession, even while...
Wells Fargo is ‘an absolute winner' in stock gains after stress tests: analyst
The U.S. Federal Reserve's stress test of U.S. banks is scheduled for release on Wednesday, and analysts at Jefferies are flagging a gain in bank stock prices in the past three years on the day after ...
Sunil Seshadri, Former Global CISO of Wells Fargo, Joins Board of Directors at Obsidian Security
PALO ALTO, Calif.--(BUSINESS WIRE)--Obsidian Security, the pioneer of SaaS security, announces the appointment of Sunil Seshadri to its Board of Directors. Sunil joins the board at a time when the Obs...
US Banks Are in Very Good Shape, Michaud Says
Keefe, Bruyette & Woods Chief Executive Officer Tom Michaud says Federal Reserve stress tests will show that US banks are in "very good shape." He speaks on "Bloomberg Surveillance.
Big US banks expected to be cautious on shareholder payouts after stress tests
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks, but will be conservative on investor payouts amid economi...
Wells Fargo Bet on a Flashy Rent Credit Card. It Is Costing the Bank Dearly.
When Charlie Scharf took over as CEO of Wells Fargo WFC 0.23%increase; green up pointing triangle, one of his priorities was to expand the bank's credit-card business. Now, a flashy partnership with a...
US bank Wells Fargo fires employees for ‘simulating' being at their keyboards
Workers were sacked after review found they were ‘creating impression of active work', says filing
Wells Fargo's fires staff for faking keyboard activity
Wells Fargo & Company has fired more than a dozen employees after investigating claims they were using fake keyboard movements to make it seem like they were working.