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 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.
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 |
When did it IPO
1972
Staff Count
222,544
Country
United States
Sector/Industry
Financial Services/BanksโDiversified
CEO
Mr. Charles W. Scharf
Market Cap
$212.09B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.