Wells Fargo & Company (WFC)

NYSE: WFC · IEX Real-Time Price · USD
40.86
-0.05 (-0.12%)
At close: Sep 29, 2023, 4:00 PM
40.95
+0.09 (0.22%)
After-hours: Sep 29, 2023, 7:59 PM EDT
-0.12%
Market Cap 149.50B
Revenue (ttm) 80.43B
Net Income (ttm) 15.21B
Shares Out 3.66B
EPS (ttm) 4.00
PE Ratio 10.22
Forward PE 8.90
Dividend $1.40 (3.43%)
Ex-Dividend Date Aug 3, 2023
Volume 9,119,892
Open 41.20
Previous Close 40.91
Day's Range 40.58 - 41.39
52-Week Range 35.25 - 48.84
Beta 1.15
Analysts Buy
Price Target 48.13 (+17.79%)
Earnings Date Oct 13, 2023

About WFC

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It 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 checking and sav... [Read more]

Sector Financials
Founded 1852
Employees 238,000
Stock Exchange NYSE
Ticker Symbol WFC
Full Company Profile

Financial Performance

In 2022, WFC's revenue was $73.79 billion, a decrease of -6.00% compared to the previous year's $78.49 billion. Earnings were $12.07 billion, a decrease of -40.43%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $48.13, which is an increase of 17.79% from the latest price.

Price Target
$48.13
(17.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Wells Fargo sells $2 bln of private equity investments

Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses.

18 hours ago - Reuters

Wells Fargo Sells Private Equity Fund Investments

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Nor...

18 hours ago - Business Wire

Major bank CEOs to visit Capitol Hill to face questions in Senate hearing

CNBC's Emily Wilkins reports on news from Capitol Hill.

Other symbols: BACCGSJPMMS
22 hours ago - CNBC Television

Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast

Here are some of the tickers on my radar for Thursday, Sept. 28, taken directly from my reporter's notebook.

Other symbols: MSSTZAAPDEONFLXPAYXTTD
2 days ago - CNBC

U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge...

Other symbols: BACCFITBGSIBKRLPLAMS
2 days ago - Reuters

Wells Fargo to buy NYC Neiman Marcus space at Hudson Yards for $550M: report

The bank is planning to convert the 400,000 square feet of space at 20 Hudson Yards into offices, according to Bloomberg News.

2 days ago - New York Post

Wells Fargo buying office space at New York's Hudson Yards that was formerly a Nieman Marcus store

Wells Fargo & Co. is planning to spend $550 million to acquire 400,000 feet of retail space in New York City's Hudson Yards and convert it into office space in one of the largest commercial real estat...

2 days ago - Market Watch

Wells Fargo's Virtual Assistant, Fargo, Expands Capabilities with Spanish-Language Feature

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer ba...

3 days ago - Business Wire

Wells Fargo, Centerbridge Collaborate to Provide Loans for Middle Market Firms

Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated throu...

3 days ago - PYMNTS

Centerbridge teams up with Wells Fargo to launch direct-lending fund

Private equity firm Centerbridge Partners is launching a direct-lending fund with backing from Wells Fargo , the companies said on Tuesday.

3 days ago - Reuters

Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lendin...

3 days ago - Business Wire

Thomas R. Nides to Join Wells Fargo as Vice Chairman

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman.

8 days ago - Business Wire

Eight big banks must face US cities' bond collusion claims

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Other symbols: BACBCSCGSJPMMSRY
8 days ago - Reuters

Bank stocks show more signs of life after a tumultuous year. Here's what's causing the run and why we're optimistic on these financial names

Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.

Other symbols: MSXLF
10 days ago - CNBC

Wall Street banks shed jobs to ease cost pressures

Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.

Other symbols: CGSJPMMSSCHWUBS
14 days ago - Reuters

Democrats join GOP, banks in pushing back on proposed bank capital rules

Democrats are increasingly split over the issue of tougher bank regulations, as some of the party's lawmakers join their Republican colleagues and bank executives in questioning whether the Federal Re...

Other symbols: BACCGSJPMMS
15 days ago - Market Watch

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

That's because, according to Jim Cramer, investors are focusing their attention on big banks, rather than smaller regionals.

Other symbols: KEYMS
17 days ago - CNBC

Is Wells Fargo Stock Fairly Priced?

Wells Fargo's stock (NYSE: WFC) has made negligible gains YTD as compared to the 17% rise in the S&P500 index over the same period.

17 days ago - Forbes

Sarah Jakes Roberts' Woman Evolve is Fastest-Selling Women's Conference at Texas' Globe Life Field

Woman Evolve—Featuring Brené Brown, Yvonne Orji – Showcases How Women are Powerhouse Economic Generators  ARLINGTON, Texas , Sept. 13, 2023 /PRNewswire/ -- More than 40,000 attendees will descend upon...

17 days ago - PRNewsWire

Wells Fargo CFO Expects More Layoffs in Drive for Efficiency

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been ...

17 days ago - PYMNTS

Wells Fargo CFO expects more layoffs ahead

Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday.

18 days ago - Reuters

Jamie Dimon sounds off on bank regulation

CNBC's Leslie Picker joins 'Closing Bell' to discuss comments from JPMorgan Chase CEO Jamie Dimon.

Other symbols: BACCFCAPFITBGSJPMMS
18 days ago - CNBC Television

Bernstein Litowitz Berger & Grossmann LLP Receives Approval of a Landmark $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action

NEW YORK--(BUSINESS WIRE)--The federal judge overseeing a securities class action against Wells Fargo (NYSE:WFC) for deceiving investors about its compliance and risk management practices has given fi...

21 days ago - Business Wire

Berry Global hires Citi and Wells Fargo to review strategic alternatives for its health and hygiene business

Berry Global Group Inc. BERY, -2.63% said Friday it hired Citigroup Global Markets and Wells Fargo Security as advisers as it evaluates strategic alternatives for its Health, Hygiene and Specialties (...

Other symbols: BERYC
22 days ago - Market Watch

Wells Fargo Greenlights Year Three of Nasdaq Entrepreneurial Center Peer Support Milestone Circles Program For Women Businesses

Citing the growing "neighbor effect," 12-week Milestone Circles program sees record demand. SAN FRANCISCO , Sept.

23 days ago - PRNewsWire