Wells Fargo & Company (WFC)
| Market Cap | 244.98B |
| Revenue (ttm) | 77.88B |
| Net Income (ttm) | 16.97B |
| Shares Out | 3.33B |
| EPS (ttm) | 4.79 |
| PE Ratio | 15.37 |
| Forward PE | 13.94 |
| Dividend | $1.60 (2.18%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 14,413,474 |
| Open | 73.67 |
| Previous Close | 73.43 |
| Day's Range | 72.43 - 73.76 |
| 52-Week Range | 42.40 - 74.70 |
| Beta | 1.14 |
| Analysts | Buy |
| Price Target | 63.42 (-13.81%) |
| Earnings Date | Oct 11, 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, 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 21 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $63.42, which is a decrease of -13.81% from the latest price.
News
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...
Bridgewater increased bets on banks before election-driven rally, filing shows
Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential electi...
Wells Fargo touches all-time high as analyst hikes price target to new level
The outperformance of Wells Fargo & Co.'s stock over other big bank stocks continued Tuesday, as its touched an all-time high for the second straight day and a BofA analyst hiked his price target for ...
Calls of the Day: Snowflake, Wells Fargo and Salesforce
Snowflake earns a spot on D.A. Davidson's 'Best in Breed' list, with Stephanie Link in the mix!
American Generosity Squeezed by Economic Uncertainty, According to Wells Fargo Study
SAN FRANCISCO--(BUSINESS WIRE)--While generosity is a core value for three-quarters of Americans, economic concerns have caused some to tighten their purse strings. Three in ten (29%) Americans report...
Wells Fargo & Company (WFC) BancAnalysts Association of Boston Conference (Transcript)
Wells Fargo & Company (NYSE:WFC) BancAnalysts Association of Boston Conference Call November 7, 2024 8:10 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Partic...
Wells Fargo Bank Decreases Prime Rate to 7.75 Percent
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.75 percent from 8.00 percent, effective tomorrow, Nov. 8, 2024. About Wells Fargo Wells Fargo & ...
Trump Victory Sends Bank Stocks Higher, Leading S&P 500 On Regulatory Hopes
After Donald Trump's decisive win in the 2024 U.S. presidential election, Wall Street reacted strongly, particularly in the financial sector. The Financial Select Sector SPDR Fund XLF rose 4.84%, whil...
Bank stocks advance in overnight trading as traders bet on less regulation in a Trump presidency
Citigroup, Bank of America and Wells Fargo advanced in overnight trading on brokerage Robinhood. The move comes as investors bet on Donald Trump's victory in the presidential election.
Wells Fargo to Present at the BancAnalysts Association of Boston Conference
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the BancAnalysts Association of Boston Conference on Thursda...
Wells Fargo Offers Customers a Convenient Way to Check Out Online With Paze
NEW YORK--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) today announced that it now offers PazeSM,1 a new online checkout solution to all customers with eligible credit and debit cards. Paze is an easy and...
Wells Fargo may lose $2-$3 billion on its CRE office loan portfolio, CEO says
Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.
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 Dec. 1, 2024, to stockho...
First of Its Kind Change Forum to Bring Together Military, Education, and Business Leaders at Georgetown University
SAN FRANCISCO--(BUSINESS WIRE)--Georgetown University and ZeroMils, a Veteran-owned social impact organization, will co-host the first national Military Thriving Change Forum October 23, 2024, at the ...
Wells Fargo CEO Charles Scharf talks credit cards
Wells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.
The consumer has been extremely resilient, spend continues to go up, says Wells Fargo CEO
Wells Fargo President and CEO Charles Scharf joins 'Mad Money' host Jim Cramer to talk quarterly results, recent downsizing and more.
Wells Fargo CEO calls consumers 'extremely resilient'
Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape. "The consumer's been extremely resilient," he said.
Three Things We Learned From Big Bank Q3 Earnings
Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.
Big banks have reported Q3 earnings: what's next for their stock prices?
Shares of major US banks have shown resilience after reporting their third-quarter financial results, and this momentum may continue through the end of the year and into 2025, according to Anton Schut...
Wells Fargo: Solid Q3 Earnings Boost Optimism
Wells Fargo's Q3 earnings exceeded bottom-line expectations, with a notable 7% sequential rise in EPS and a strong performance in non-interest income. Despite a seventh consecutive quarter of declinin...