Wells Fargo & Company (WFC)
| Market Cap | 213.69B |
| Revenue (ttm) | 82.73B |
| Net Income (ttm) | 17.58B |
| Shares Out | 3.49B |
| EPS (ttm) | 4.80 |
| PE Ratio | 12.72 |
| Forward PE | 12.26 |
| Dividend | $1.40 (2.29%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 16,537,690 |
| Open | 62.45 |
| Previous Close | 62.34 |
| Day's Range | 60.97 - 62.48 |
| 52-Week Range | 38.39 - 62.55 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 58.21 (-4.67%) |
| Earnings Date | Jul 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 $58.21, which is a decrease of -4.67% from the latest price.
News
Wells Fargo Launches Business Credit Card With Cash Rewards
Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on busine...
US banks face climate risk data challenges, Fed analysis shows
U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said on Thursday after its first analysis on the issue.
Wells Fargo Launches Signify Business Cash Mastercard®
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today the launch of Signify Business Cash World Elite Mastercard®, its new business credit card with industry-leading cash r...
Wells Fargo & Company Announces Full Redemption of its Series S Preferred Stock and Related Depositary Shares
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2024 (which, due to the occurrence of a non-business day, will shift to June 17, 2024), it will redee...
Wells Fargo names JPM veteran as corporate and investment bank co-CEO in bulk-up
Wells Fargo & Co. on Wednesday named seasoned banker Fernando Rivas as senior executive vice president and co-chief executive of its corporate- and investment-banking unit as builds up its presence in...
Wells Fargo names former JPMorgan executive as co-head of investment bank
Wells Fargo named former JPMorgan Chase executive Fernando Rivas as co-CEO of its corporate and investment banking (CIB) on Wednesday, as it looks to expand market share on Wall Street.
Fernando Rivas to Join Wells Fargo as Co-CEO of Corporate & Investment Banking
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo C...
Wells Fargo Hires Ex-JPMorgan Investment-Bank Boss Fernando Rivas
The San Francisco lender is focused on expanding its relatively small investment bank.
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC) follows ...
Wells Fargo & Company Announces Common Stock Dividend
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable June 1, 2024, to stockho...
Wells Fargo Announces Preliminary Voting Results of 2024 Annual Meeting of Shareholders
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that its shareholders elected as directors the 13 nominees named in the company's proxy statement, including a new ind...
Wells Fargo investors approve executive pay, CEO underscores risk controls
Wells Fargo shareholders on Tuesday approved its plans for executive compensation with a majority vote, including hiking CEO Charlie Scharf's 2023 package to $29 million.
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...