Wells Fargo & Company (WFC)
| Market Cap | 200.81B |
| Revenue (ttm) | 88.66B |
| Net Income (ttm) | 14.47B |
| Shares Out | 4.12B |
| EPS (ttm) | 4.19 |
| PE Ratio | 11.97 |
| Forward PE | 13.70 |
| Dividend | $0.50 (1.00%) |
| Ex-Dividend Date | Aug 5, 2021 |
| Volume | 8,582,251 |
| Open | 50.00 |
| Previous Close | 50.16 |
| Day's Range | 49.76 - 50.60 |
| 52-Week Range | 20.47 - 51.41 |
| Beta | 1.29 |
| Analysts | Buy |
| Price Target | 51.36 (+2.4%) |
| Est. Earnings Date | Jan 14, 2022 |
About WFC
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked...
Financial Performance
In 2020, Wells Fargo's revenue was $72.34 billion, a decrease of -14.96% compared to the previous year's $85.06 billion. Earnings were $3.30 billion, a decrease of -83.11%.
Financial StatementsAnalyst Forecast
According to 27 analysts, the average rating for Wells Fargo stock is "Buy." The 12-month stock price forecast is 51.36, which is an increase of 2.37% from the latest price.
News
3 Reasons Wells Fargo Is a Buy After Earnings
The stock has seen volatility in recent months, but Q3 earnings continue to show that the bank is on the right path.
Recap: Wells Fargo Q3 Earnings
Wells Fargo(NYSE:WFC) stock rose by 6.78% on Friday after the company reported its Q3 earnings results on Thursday, October 14, 2021 at 08:00 AM. Here's what investors need to know about the announcement.
Bullish on Banks: 'We're going to be talking favorably about banks well into 2022': CFRA Research
# Kenneth Leon, CFRA Research Director, joins Yahoo Finance's Alexis Christoforous to discuss the outlook on banks following earnings and looking ahead to next year. Don't Miss: Valley of Hype: The Cult...
Why Shares of Wells Fargo Are Up Today
The bank saw shares dip yesterday after reporting earnings, but had a nice recovery today.
Big bank earnings, retail stocks fuel market rally
CNBC's Bob Pisani joins 'Squawk on the Street' to break down Friday's market rebound following the strong earnings from banks and September's retail sales numbers.
Supply chain headwinds will last through first half of 2022: Wells Fargo analyst
Ike Boruchow, Wells Fargo Securities managing director and senior analyst, joins 'Squawk on the Street' to discuss how the supply chain woes are affecting consumer spending and retail sales. Boruchow ex...
Why Wells Fargo Shares Are Rising
Wells Fargo & Co (NYSE: WFC) shares are trading higher amid strength in bank stocks. The company on Thursday reported better-than-expected third-quarter results.
Buy Undervalued Wells Fargo Stock for Its Big Buybacks
WFC stock should benefit greatly from its massive increase in share buybacks, to 11% of market value, as it reduces the shares outstanding. The post Buy Undervalued Wells Fargo Stock for Its Big Buyback...
McGhee: Look at the more pure-play investment banks
Tiffany McGhee of Pivotal Advisors discusses what's been really driving profits and revenue at the big banks, and highlights some smaller under-the-radar names in the investment banking space.
Two experts discuss key takeaways from big bank earnings
Stephanie Link, chief investment strategist at Hightower, and Ken Leon, director of equity research at CFRA, joins CNBC's 'Squawk Box' to provide their takeaways from recent big bank earnings. Link expl...
U.S. banks see wealth management boom on borrowing, new assets
Big U.S. banks' wealth management businesses put in another stellar performance in the third quarter, buoyed by record levels of new money flowing into accounts and surging demand from clients to borrow...
As yields rise, some U.S. banks shift cash to Treasuries
Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say co...
Morale remains high company will be able to solve problems, Wells Fargo CFO says
Mike Santomassimo, Wells Fargo CFO, joins 'Closing Bell' to discuss his company's earnings report as the company posts a slight revenue decline, making it the outlier among banks that have reported so far.
Initial Jobless Claims Hit Fresh Post-Covid Low
Initial Jobless Claims Hit Fresh Post-Covid Low
Wells Fargo's (WFC) Q3 Earnings Beat on Growth in Revenues
Wells Fargo's (WFC) Q3 earnings benefit from a decline in allowance for credit losses backed by an improving economic environment and lower net charge-offs despite low loan balance.
All Good Things: PPI, Jobless Claims, Q3 Earnings
While jobless claims are hitting fresh post-Covid lows, PPI curbs a bit and Q3 earnings beats abound.
Top US banks report double-digit profit growth last quarter
Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.
Stocks soar as many of America's biggest banks are booming
Several of America's largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings.
Jim Cramer reacts to big bank earnings: I am blown away
CNBC's Jim Cramer and the 'Squawk on the Street' team react to Thursday's bank earnings from Bank of America, Wells Fargo, Citigroup and Morgan Stanley.
Bank of America, Wells Fargo, and Citigroup beat Q3 earnings estimates on top and bottom lines
Yahoo Finance's Brian Cheung, Brian Sozzi, and Julie Hyman break down the earnings reports for the major banks.
Wells Fargo (WFC) Q3 Earnings and Revenues Beat Estimates
Wells Fargo (WFC) delivered earnings and revenue surprises of 13.59% and 2.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Wells Fargo profit soars nearly 60%
Wells Fargo's third-quarter earnings were up 59% after it freed up money it had set aside to cover loan losses.
Bank Stocks: Why BAC, WFC and MS Investors Are Smiling Today
Bank stocks are on the move Thursday following the release of earnings reports from various companies and we've got the details. The post Bank Stocks: Why BAC, WFC and MS Investors Are Smiling Today app...