Wells Fargo & Company (WFC)
| Market Cap | 212.18B |
| Revenue (ttm) | 82.60B |
| Net Income (ttm) | 17.98B |
| Shares Out | 3.54B |
| EPS (ttm) | 4.83 |
| PE Ratio | 12.41 |
| Forward PE | 12.44 |
| Dividend | $1.40 (2.34%) |
| Ex-Dividend Date | Feb 1, 2024 |
| Volume | 23,982,635 |
| Open | 60.61 |
| Previous Close | 60.60 |
| Day's Range | 59.60 - 60.96 |
| 52-Week Range | 36.40 - 61.76 |
| Beta | 1.21 |
| Analysts | Buy |
| Price Target | 57.13 (-4.67%) |
| Earnings Date | Apr 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 21 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $57.13, which is a decrease of -4.67% from the latest price.
News
Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership Gap
DES MOINES, Iowa--(BUSINESS WIRE)--Wells Fargo Home Lending announced today the expansion of its $10,000 Homebuyer Access grant program to additional communities in the eight metropolitan areas where ...
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace
Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexi...
Big banks have been a bright spot in tough week for markets
New bond deals totaling about $28.5 billion were issued by four of the nation's six largest banks: JP Morgan Chase & Co. JPM, +1.82%, Wells Fargo & Co. WFC, +2.77%, Goldman Sachs Group Inc. GS, +0.45%...
Bank deposits are 'the bogeyman' that could be a long-term problem, analyst says
Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major fina...
Big banks led by Citi continue layoffs amid pressure to cut costs
U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.
Higher deposit costs will weigh on the big banks, says Stephen Biggar
Stephen Biggar, Director of Financial Institutions Research at Argus Research, discusses earnings from Bank of America and Morgan Stanley.
TradeSun Announces an Agreement With Wells Fargo
SAN DIEGO--(BUSINESS WIRE)--TradeSun partners with Wells Fargo to transform trade finance using AI-driven solutions.
KBW CEO Michaud Sees Accelerated Bank Earnings in 2025
KBW CEO Tom Michaud examines first-quarter bank earnings, including firms' balance sheet advantage over non-banks and the bull case for an acceleration in bank earnings.
What We Learned From Big Bank Earnings on Friday
Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of pr...
Bank earnings growth expectations 'might be a high bar', says John Hancock's Emily Roland
Emily Roland, John Hancock co-chief investment strategist, and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.
Wells Fargo CFO on Deposits, NII Miss and Credit Cards
Wells Fargo CFO Mike Santomassimo discusses the bank's first-quarter earnings report on Bloomberg Television. Wells Fargo earned $12.2 billion in net interest income in the first three months of the y...
Bank earnings 'weren't that bad,' but most of it was built in, says DCLA's Sarat Sethi
Sarat Sethi, DCLA managing partner, joins 'Power Lunch' to discuss what the managing partner makes of recent economic performance, what Sethi made of recent bank earnings, and what is changing with eq...
Zero Rate Hikes in 2024 a Possibility: Wells Fargo's Rehling
Wells Fargo Investment Institute's, Brian Rehling, says they'll need to dial back the amount of rate cuts expected this year and wouldn't be surprised if there were no rate cuts this year. Invesco Por...
Wells Fargo Sees Brighter Days for US Consumer Spending
The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn't post stellar earnings Friday (Ap...
Wells Fargo CFO: We feel better about the year's forecast than we did in January
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss why there isn't a higher forecast for net interest income, how the company is looking at commercial real estate, and more.
JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings
While JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. topped Wall Street estimates for earnings per share and revenue on Friday, stocks of all three megabanks fell into the red.
WFC shares bounce back after initial drop following Q1 report
CNBC's Leslie Picker reports on the latest from Wells Fargo's earnings results.
Bank earnings breakdown: JPMorgan, Citi, and Wells Fargo surpass Wall Street expectations in Q1
First-quarter earnings season kicks off today with several Big Banks reporting their results: JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC). While all three of the major banks toppe...
Wells Fargo Reports Lower Q1 Earnings as Net Interest Income Falls
Wells Fargo (WFC) reported a 7% decline in first-quarter profit as high funding costs and lower loan balances took a bite out of net interest income.
Shares of Wells Fargo and JPMorgan slide after earnings
David George, Baird senior analyst, joins ‘Squawk Box' to discuss the quarterly earnings results from JPMorgan and Wells Fargo.
Hightower's Stephanie Link reacts to Wells Fargo's Q1 earnings
Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to react to Wells Fargo's latest earnings report and more.
Wells Fargo beats both the top and bottom line
CNBC's Leslie Picker joins ‘Squawk Box' to report on Wells Fargo's quarterly earnings results.