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Wells Fargo & Company (WFC)

Stock Price: $42.70 USD -0.54 (-1.25%)
Updated Apr 22, 2021 4:00 PM EDT - Market closed
Pre-market: $42.75 +0.05 (0.12%) Apr 23, 6:49 AM
Market Cap 176.83B
Revenue (ttm) 72.34B
Net Income (ttm) 1.71B
Shares Out 4.12B
EPS (ttm) 1.46
PE Ratio 29.33
Forward PE 14.16
Dividend $0.81
Dividend Yield 1.90%
Trading Day April 22
Last Price $42.70
Previous Close $43.24
Change ($) -0.54
Change (%) -1.25%
Day's Open 43.23
Day's Range 42.68 - 43.52
Day's Volume 22,253,371
52-Week Range 20.60 - 44.40

News

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Pandemic lockdowns and stimulus checks have helped Americans save more money, a mixed blessing for banks. For instance, higher savings lead to more deposits, allowing banks to lend more funds.

Other stocks mentioned: BAC, JPM
1 day ago - GuruFocus

Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandem...

Other stocks mentioned: BAC, C, GS, JPM, MS
2 days ago - Reuters

After cutting its dividend 80% last year, Wells Fargo could soon be in a position to begin raising it again. But by how much and how fast are still major questions.

2 days ago - The Motley Fool

These stocks look primed to soar as the economy reopens.

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3 days ago - The Motley Fool

Atlas Merchant CEO on market risks, Big Banks, Archegos and more

YouTube video

Bob Diamond, CEO of Atlas Merchant Capital, joined "Squawk Box" on Monday to discuss why he thinks the outlook for the markets and the economy are positive overall, but there are five potential risks in...

Other stocks mentioned: BAC, C, GS, JPM, MS
3 days ago - CNBC Television

Big Banks Foreshadow the Improving 2021 Earnings Picture

Other stocks mentioned: BAC, C, GS, JPM, MS
6 days ago - Zacks Investment Research

Wells Fargo (WFC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

6 days ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for April 16th

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6 days ago - Zacks Investment Research

Draftkings Inc (NASDAQ:DKNG) shares are trading higher by 1% after the company announced it will become an official sports betting partner of the NFL and extend its current relationship as the exclusive...

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6 days ago - Benzinga

Banks are looking like very good values, says NYT's Jim Stewart

YouTube video

New York Times columnist Jim Stewart gives his take on the latest round of bank earnings and the debut of Coinbase.

Other stocks mentioned: BAC, C, GS, JPM, MS
6 days ago - CNBC Television

U.S. bank revenues proving to be slightly stronger than expected, analyst says

YouTube video

John Heagerty, an analyst at Atlantic Equities, discusses U.S. banks earnings following Citigroup's better-than-expected estimates for first-quarter profit.

Other stocks mentioned: BAC, C, GS, JPM, MS
6 days ago - CNBC International TV

Q1 earnings start on a positive note with banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), U.S. Bancorp (USB) & Truist (TFC) surpassing estimates on reserve releases and solid fee inc...

Other stocks mentioned: USB
6 days ago - Zacks Investment Research

The challenge for U.S. banks is they're feeling the effects of fiscal and monetary policy: KBW

YouTube video

KBW Managing Director Brian Kleinhanzl spoke to Yahoo Finance's Adam Shapiro and Seana Smith about bank earnings.

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Yahoo Finance

Jim Cramer says he's bullish on Wells Fargo after earnings report

YouTube video

"I keep telling you it's a better buy than JP Morgan because the expectations are much lower for Wells, and yesterday they absolutely cleared that low bar," the "Mad Money" host said.

1 week ago - CNBC Television

"The banks are doing pretty darned good, even if their stocks don't necessarily reflect that fact," the "Mad Money" host said.

Other stocks mentioned: BAC, C, GS, JPM
1 week ago - CNBC

JPMorgan has a leg up on other bank stocks, CNBC's Jim Cramer and two other market analysts say.

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - CNBC

The Biden administration is punishing Russia for its interference in the 2020 US election and cyberattacks by hitting Moscow where it hurts the most: the ruble.

Other stocks mentioned: BAC, C, JPM, MS
1 week ago - CNN Business

Congress will hold hearings next month with the chief executives of major Wall Street banks as Democratic lawmakers step up scrutiny of the role the industry has played in helping Americans recover from...

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Reuters

Wells Fargo & Co (NYSE:WFC) has already had a stellar 2021, though the shares were last seen marginally lower, down 0.4% to trade at $41.82 -- still near their highest level in over a year.

1 week ago - Schaeffers Research

House and Senate Banking committees to hold hearings with bank CEOs

YouTube video

CNBC's Ylan Mui reports that six of the major bank CEOs will appear before the House and Senate Banking committees for a hearing.

Other stocks mentioned: BAC, C, GS, JPM, KBE, MS
1 week ago - CNBC Television

CNBC's "Squawk Box" co-anchor Andrew Ross Sorkin talked about banks and the financial sector Thursday with Pivotal Advisors Founder Tiffany McGhee and Douglas C. Lane & Associates Portfolio Manager Sara...

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Benzinga

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that David Galloreese, head of Human Resources, will leave Wells Fargo on April 23, 2021, to take a role outside the com...

1 week ago - Business Wire

A Positive Start to Q1 Earnings Season

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Zacks Investment Research

A Positive Start to Q1 Earnings Season

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Zacks Investment Research

'Massively bigger' than expected earnings beats should jumpstart bank rally, says top RBC analyst

YouTube video

Gerard Cassidy, RBC Capital Markets, predicts today's bank earnings will jumpstart a rally in the banks. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Da...

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - CNBC Television

On Wednesday before the markets opened, three U.S. bank majors – JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC) and Goldman Sachs Group Inc. (NYSE:GS) – reported earnings results for the ...

Other stocks mentioned: GS, JPM
1 week ago - GuruFocus

Wells Fargo Seeing Increased Demand for Credit, CFO Says

YouTube video

Apr.14 -- Wells Fargo CFO Mike Santomassimo says the U.S. consumer is in a really strong position and sees robust mortgage originations ahead. He speaks on "Bloomberg Markets: The Close.

1 week ago - Bloomberg Markets and Finance

Wells Fargo reported Wednesday (April 14) results that showed approximately 6 percent growth in credit card-based spending, with notable growth of approximately 20 percent in debit card-based spending a...

1 week ago - PYMNTS

Wells Fargo CFO on why he's confident about second half of the year

YouTube video

Michael Santomassimo, Wells Fargo CFO, joins 'Closing Bell' to discuss the bank's quarterly earnings, the state of the consumer, and how the economic recovery could affect the bank.

1 week ago - CNBC Television

Three big banks kicked off earnings season Wednesday morning with Goldman Sachs Group Inc (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) reporting strong first-quarte...

Other stocks mentioned: GS, JPM
1 week ago - Benzinga

Financials have typically traded at about three-quarters of the S&P 500 multiple, so a price-to-earnings increase is likely for the entire financial sector, Oakmark Funds portfolio manager Bill Nygren s...

Other stocks mentioned: GS
1 week ago - Benzinga

Bank stocks and ETFs have been soaring on Wednesday thanks to increases in banking profits that beat analyst expectations. JPMorgan Chase & Co. reported an almost 5 times increase in quarterly profits t...

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - ETF Trends

Quarterly results provide fresh evidence the worst is over for this banking giant.

1 week ago - The Motley Fool

GameStop Corp. (NYSE: GME) shares are trading higher by 17% at $165 after the company announced a notice of redemption of $216.4 million in principal amount of its 10% senior notes due 2023 Wednesday. G...

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1 week ago - Benzinga

Earnings season is now upon us, and one of the most important sectors every quarter are banks. That said, let's preview a few big reports.

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - InvestorPlace

The beginning of earnings season set off fireworks on Wall Street.

Other stocks mentioned: GS, JPM
1 week ago - The Motley Fool

Big Banks Kick off Q1 Earnings Season

Other stocks mentioned: BAC, C, GS, JPM, MS
1 week ago - Zacks Investment Research

Analysts have provided the following ratings for Wells Fargo (NYSE:WFC) within the last quarter:   Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 1 0 1 Somewhat Bullish 0 0 3 2 Indifferent...

1 week ago - Benzinga

The nation's third largest bank benefited from a $1 billion reserve release.

1 week ago - The Motley Fool

Wells Fargo's (WFC) Q1 results reflect solid mortgage and capital markets activity, reduced net interest income, along with lower provisions.

1 week ago - Zacks Investment Research

Wells Fargo (WFC) delivered earnings and revenue surprises of 52.17% and 2.53%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

The first-quarter trading frenzy was a massive boon for the nation's big banks.

Other stocks mentioned: GS, JPM
1 week ago - Forbes

As all investors know (unless they've just awakened from a 20-year nap) cryptocurrency exchange Coinbase Global Inc.

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1 week ago - 24/7 Wall Street

Wells Fargo's sevenfold rise in profits came during what is shaping up to be an economic resurgence. That has prompted banks to release some of the money they stowed away last year to protect against so...

1 week ago - Fox Business

Wells Fargo & Co (NYSE: WFC) published its earnings report for the fiscal first quarter on Wednesday that beat Wall Street estimates. The company attributed its hawkish performance partially to £1.16 bi...

1 week ago - Invezz

Here's how earnings from JPMorgan, Goldman, and Wells Fargo compare

YouTube video

JPMorgan, Goldman Sachs and Wells Fargo all beat on the bottom line, but there are a couple of minor caveats. CNBC's Wilfred Frost breaks down the results.

Other stocks mentioned: GS, JPM
1 week ago - CNBC Television

Shares of Wells Fargo (NYSE:WFC) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 31.25% year over year to $1.05, which beat the estimate ...

1 week ago - Benzinga

Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans.

1 week ago - Reuters

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its first quarter 2021 financial results. The financial results are available online at https://www.wellsfargo.com/about/in...

1 week ago - Business Wire

Wells Fargo is expected to post improving results driven by a release of some of the coronavirus-related loan loss reserves it set aside last year.

1 week ago - CNBC

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... [Read more...]

Industry
Banks-Diversified
Founded
1852
CEO
Charles Scharf
Employees
264,513
Stock Exchange
NYSE
Ticker Symbol
WFC
Full Company Profile

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 Statements

Analyst Forecasts

According to 27 analysts, the average rating for Wells Fargo stock is "Buy." The 12-month stock price forecast is 47.47, which is an increase of 11.17% from the latest price.

Price Target
$47.47
(11.17% upside)
Analyst Consensus: Buy