Wells Fargo & Co

Wells Fargo & Co Stock Forecast & Price Prediction

Live Wells Fargo & Co Stock (WFC) Price
$64.07

31

Ratings

  • Buy 12
  • Hold 15
  • Sell 4
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$64.07

P/E Ratio

13.24

Volume Traded Today

$13.4M

Dividend

$0.4

52 Week High/low

74.24/40.27

Wells Fargo & Co Market Cap

$212.09B

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WFC Summary

The Wells Fargo & Co (WFC) share price is expected to increase by 4.48% over the next year. This is based on calculating the average 12-month share price estimate provided by 31 stock analysts who have covered WFC. Price targets range from $48.8 at the low end to $77 at the high end. The current analyst consensus for WFC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

WFC Analyst Ratings

WFC is a stock in Financial Services which has been forecasted to be worth $66.94 as an average. On the higher end, the forecast price is $77 USD by John Pancari from Evercore ISI Group and on the lower end WFC is forecasted to be $48.8 by Dick Bove from Odeon Capital.

WFC stock forecast by analyst

These are the latest 20 analyst ratings of WFC.

Analyst/Firm

Rating

Price Target

Change

Date

John Pancari
Evercore ISI Group

Outperform

$77

Maintains

Oct 30, 2024
David Rochester
Compass Point

Neutral

$60

Maintains

Oct 15, 2024
Glenn Thum
Phillip Securities

Accumulate

$65

Upgrade

Oct 15, 2024
Gerard Cassidy
RBC Capital

Sector Perform

$61

Reiterates

Oct 14, 2024
Scott Siefers
Piper Sandler

Neutral

$62

Maintains

Oct 14, 2024
John Pancari
Evercore ISI Group

Outperform

$71

Maintains

Oct 14, 2024
Steven Chubak
Wolfe Research

Outperform

$65

Upgrade

Oct 8, 2024
John Pancari
Evercore ISI Group

Outperform

$68

Maintains

Oct 2, 2024
Betsy Graseck
Morgan Stanley

Overweight

$67

Maintains

Sep 30, 2024
Richard Ramsden
Goldman Sachs

Buy

$65

Maintains

Sep 11, 2024
John Pancari
Evercore ISI Group

Outperform

$65

Maintains

Sep 6, 2024
Matt O'Connor
Deutsche Bank

Buy

$65

Upgrade

Sep 3, 2024
Betsy Graseck
Morgan Stanley

Overweight

$68

Maintains

Jul 30, 2024
James Fotheringham
BMO Capital

Market Perform

$59

Maintains

Jul 15, 2024
John Pancari
Evercore ISI Group

Outperform

$67

Reiterates

Jul 15, 2024
David Konrad
Keefe, Bruyette & Woods

Market Perform

$61

Maintains

Jul 15, 2024
Ken Usdin
Jefferies

Hold

$64

Maintains

Jul 3, 2024
John Pancari
Evercore ISI Group

Outperform

$70

Maintains

Jun 25, 2024
Vivek Juneja
JP Morgan

Neutral

$61.5

Maintains

May 1, 2024
Stephen Biggar
Argus Research

Buy

$66

Maintains

Apr 15, 2024

WFC Company Information

What They Do: Provides diversified banking and financial services.

Business Model: The company generates revenue through four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Each segment offers a range of financial products and services, including personal and commercial loans, investment banking, treasury management, and wealth management services, catering to both individual and institutional clients.

Other Information: Founded in 1852 and headquartered in San Francisco, Wells Fargo operates both domestically and internationally, leveraging a broad network of branches and digital platforms to serve a diverse clientele.
WFC
Wells Fargo & Co (WFC)

When did it IPO

1972

Staff Count

222,544

Country

United States

Sector/Industry

Financial Services/Banksโ€”Diversified

CEO

Mr. Charles W. Scharf

Market Cap

$212.09B

Wells Fargo & Co (WFC) Financial Data

In 2023, WFC generated $82.60B in revenue, which was a increase of 11.07% from the previous year. This can be seen as a signal that WFC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$74.26B

Revenue From 2021

$79.17B

6.60 %
From Previous Year

Revenue From 2022

$74.37B

-6.06 %
From Previous Year

Revenue From 2023

$82.60B

11.07 %
From Previous Year
  • Revenue TTM $77.88B
  • Operating Margin TTM 32.3%
  • Gross profit TTM $0
  • Return on assets TTM 1.0%
  • Return on equity TTM 9.9%
  • Profit Margin 23.2%
  • Book Value Per Share 49.22%
  • Market capitalisation $212.09B
  • Revenue for 2021 $79.17B
  • Revenue for 2022 $74.37B
  • Revenue for 2023 $82.60B
  • EPS this year (TTM) $4.81

Wells Fargo & Co (WFC) Latest News

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Wells Fargo CFO Mike Santomassimo will present at the BancAnalysts Association of Boston Conference on Nov. 7, 2024, at 8:10 a.m. ET. A live webcast and replay will be available online.

Why It Matters - Wells Fargo's CFO presentation may reveal insights into the bank's financial health and strategy, potentially impacting stock performance and investor sentiment.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Wells Fargo (WFC) is gaining attention from Zacks.com users, indicating potential interest and factors that may affect its stock performance.

Why It Matters - Increased interest from Zacks.com users may indicate growing market sentiment toward Wells Fargo, potentially affecting stock performance and investment decisions.

News Image

Tue, 29 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Wells Fargo (NYSE: WFC) launched PazeSM, a new online checkout solution for customers with eligible cards, enhancing security by replacing card numbers during transactions.

Why It Matters - Wells Fargo's launch of Paze enhances customer convenience and security in online shopping, potentially increasing user engagement and transaction volume, which can positively impact revenue.

News Image

Thu, 24 Oct 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - Wells Fargo CEO Charlie Scharf indicated the bank could incur losses of $2 billion to $3 billion on its commercial real estate office loan portfolio.

Why It Matters - Wells Fargo's potential $2-3 billion loss on commercial real estate loans signals financial strain, raising concerns about asset quality and impacting investor confidence in the bank's stability.

News Image

Tue, 22 Oct 2024

Sentiment - NEUTRAL

Source - MarketBeat

Summary - Wells Fargo (WFC) exceeded Q3 2024 EPS estimates by 14 cents, successfully diversifying fee-based income to counteract net interest income challenges.

Why It Matters - Wells Fargo's EPS beat indicates strong financial health, boosting investor confidence. Successful diversification of income streams mitigates risks from interest rate pressures, enhancing stability.

News Image

Tue, 22 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Wells Fargo (NYSE: WFC) announced a quarterly dividend of $0.40 per share, payable on Dec. 1, 2024, to shareholders recorded on Nov. 8, 2024. The company has about $1.9 trillion in assets.

Why It Matters - The approval of a quarterly dividend signals financial stability and commitment to returning value to shareholders, which can boost investor confidence and attract new investments in Wells Fargo.

...

WFC Frequently asked questions

The highest forecasted price for WFC is $77 from John Pancari at Evercore ISI Group.

The lowest forecasted price for WFC is $48.8 from Dick Bove from Odeon Capital

The WFC analyst ratings consensus are 12 buy ratings, 15 hold ratings, and 4 sell ratings.