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Wells Fargo & Company (WFC)

NYSE: WFC · IEX Real-Time Price · USD
50.17 0.01 (0.02%)
Oct 21, 2021 12:40 PM EDT - Market open
Market Cap200.81B
Revenue (ttm)88.66B
Net Income (ttm)14.47B
Shares Out4.12B
EPS (ttm)4.19
PE Ratio11.97
Forward PE13.70
Dividend$0.50 (1.00%)
Ex-Dividend DateAug 5, 2021
Volume8,582,251
Open50.00
Previous Close50.16
Day's Range49.76 - 50.60
52-Week Range20.47 - 51.41
Beta1.29
AnalystsBuy
Price Target51.36 (+2.4%)
Est. Earnings DateJan 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...

IndustryBanks
Founded1852
CEOCharles Scharf
Employees253,871
Stock ExchangeNYSE
Ticker SymbolWFC
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 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.

Price Target
$51.36
(2.37% upside)
Analyst Consensus: Buy

News

Banking Earnings Upbeat: Time to Buy Financial ETFs on Value?

The financial sector, which makes up about one-fifth of the S&P 500 Index, has come up with an upbeat earnings season.

Other symbols:BACCGSIYGJPMKBWBMSXLF
2 days ago - Zacks Investment Research

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.

2 days ago - The Motley Fool

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.

3 days ago - Benzinga

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...

Other symbols:BACCGSJPMMS
5 days ago - Yahoo Finance

Wall Street banks set to profit again when Fed withdraws pandemic stimulus

Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve's massive injection of cash into financial markets.

Other symbols:BACCGSJPMMS
5 days ago - Reuters

Why Shares of Wells Fargo Are Up Today

The bank saw shares dip yesterday after reporting earnings, but had a nice recovery today.

6 days ago - The Motley Fool

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.

Other symbols:BACCGSJPMMS
6 days ago - CNBC Television

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...

6 days ago - CNBC Television

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.

6 days ago - Benzinga

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...

6 days ago - InvestorPlace

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.

Other symbols:BACCJPMMS
6 days ago - CNBC Television

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...

Other symbols:BACCJPMMS
6 days ago - CNBC Television

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...

Other symbols:BACCGSJPMMS
6 days ago - Reuters

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...

Other symbols:BACCGSJPMMS
6 days ago - Reuters

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.

6 days ago - CNBC Television

Initial Jobless Claims Hit Fresh Post-Covid Low

Initial Jobless Claims Hit Fresh Post-Covid Low

Other symbols:BACUNH
1 week ago - Zacks Investment Research

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.

1 week ago - Zacks Investment Research

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.

Other symbols:BACUNH
1 week ago - Zacks Investment Research

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.

Other symbols:BACCJPMMS
1 week ago - Fox Business

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.

Other symbols:BACCGSJPMMS
1 week ago - CNN Business

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.

Other symbols:BACCMS
1 week ago - CNBC Television

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.

Other symbols:BACC
1 week ago - Yahoo Finance

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?

1 week ago - Zacks Investment Research

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.

1 week ago - CNN Business

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...

Other symbols:AVDXBACMSORPH
1 week ago - InvestorPlace