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]
Industry Banks - Diversified
Sector Financials
Founded 1852
Employees 226,000
Stock Exchange NYSE
Ticker Symbol WFC
Full Company Profile
Financial Performance
In 2023, WFC's revenue was $77.20 billion, an increase of 5.99% compared to the previous year's $72.83 billion. Earnings were $17.98 billion, an increase of 43.15%.
Financial Statements
Analyst Forecast
According to 19 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $59.99, which is an increase of 13.70% from the latest price.
Price Target
$59.99
(13.70% upside)
Analyst Consensus: Buy
Stock Forecasts
News
Big banks are under investigation for Zelle scams
The Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle Network, the Wall Street Journal reported on...
Other symbols: BACJPM
1 day ago - Fast Company
U.S. consumer watchdog probes major US banks over Zelle scam, WSJ reports
The Consumer Financial Protection Bureau (CFPB) is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle, the Wall Street Journal reported on ...
Other symbols: BACJPM
2 days ago - Reuters
Bank of America: Buffett's Selling Activity Could Be a Bad Sign
Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) (BRK.B, Financial) sold about 34 million shares of Bank of America Corp. (BAC, Financial) between July 17 and July 19, 19 mil...
Other symbols: BACGSJPMUSB
2 days ago - GuruFocus
US banks tumble as weak economic data sparks recession fears
U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets.
Other symbols: BACCGSJPMMS
4 days ago - Reuters
Wells Fargo faces government probe on anti-money laundering, sanctions
Wells Fargo is being investigated by government authorities over issues in its anti-money laundering and sanctions programs, the bank said on Thursday in a filing.
8 days ago - Reuters
Wells Fargo faces lawsuit over alleged health plan mismanagement and inflated prescription costs
American financial services giant Wells Fargo & Co. has been hit with a class action lawsuit accusing the bank of mismanaging its employee health insurance plan, which allegedly forced tens of thousan...
10 days ago - Invezz
Bridget Engle to Join Wells Fargo as Head of Technology; Tracy Kerrins to Lead Consumer Technology and Generative AI Teams
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Bridget Engle has been named Senior Executive Vice President (SEVP) and Head of Technology, reporting to Wells Fa...
10 days ago - Business Wire
Wells Fargo appoints new head of technology
Well Fargo has hired former BNY executive Bridget Engle as its new head of technology, according to a release seen by Reuters.
10 days ago - Reuters
Wells Fargo sued over employee prescription drug costs
Wells Fargo & Co was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. employees to overpay for prescription drugs.
10 days ago - Reuters
L'ATTITUDE Partners with Wells Fargo to Celebrate the New Mainstream Economy Powered by U.S. Latinos
Wells Fargo continues its long-standing relationship, joining L'ATTITUDE as the presenting sponsor of the 2024 conference SAN DIEGO , July 30, 2024 /PRNewswire/ -- L'ATTITUDE, the nation's premier bus...
10 days ago - PRNewsWire
Wells Fargo must face lawsuit over sham job interviews
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and femal...
11 days ago - Reuters
Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump
While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics
Other symbols: BACCGSJPMKBEKREMS
16 days ago - Market Watch
Wells Fargo Shares Economic Impact from Open for Business Fund
SAN FRANCISCO--(BUSINESS WIRE)-- #cdfis--Wells Fargo today shared the latest community impact of the company's Open for Business Fund, a roughly $420 million national small business recovery effort to...
16 days ago - Business Wire
Wells Fargo & Company Increases 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 $0.40 per share, payable Sept. 1, 2024, to stockh...
17 days ago - Business Wire
Net Interest Income Down 9% In Q2, What To Expect From Wells Fargo Stock?
Wells Fargo's stock (NYSE: WFC) has lost 17% YTD, as compared to the 18% rise in the S&P500 index over the same period. In sharp contrast, Wells Fargo's peer, Bank of America (NYSE: BAC), is up 25% YT...
23 days ago - Forbes
Bank bond spreads tighten as earnings spark buying ahead of fresh debt offerings
Bond yields for three of the four biggest money-center banks have continued to tighten against Treasurys following their earnings updates, in a positive sign of demand ahead of billions of dollars in ...
Other symbols: BACCGSJPMMS
25 days ago - Market Watch
Wells Fargo Shares Fall Despite Q2 Earnings Beat: 'Guidance Was Softer Than Expected — A Valid Concern'
Shares of Wells Fargo & Co WFC recovered slightly in early trading on Monday, after tanking on Friday, following the second-quarter results.
25 days ago - Benzinga
S&P 500 Gains and Losses Today: Wells Fargo Slips on Net Interest Income Miss
After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday.
4 weeks ago - Investopedia
What We Learned From Big Bank Earnings Friday
Earnings at two of the three large U.S. banks that traditionally launch the financial sector's quarterly earnings season exceeded investors' expectations Friday. But their income statements revealed t...
Other symbols: CJPM
4 weeks ago - Investopedia
Stock Market Today: Markets Bounce Back on Rate-Cut Optimism
The latest readings on consumer sentiment and inflation helped lift the odds of the Fed easing in September.
Other symbols: JPM
4 weeks ago - Kiplinger
Big banks under pressure: Here's what you need to know
David Konrad, KBW managing director, joins 'Power Lunch' to discuss his takeaways from big bank earnings.
Other symbols: CJPM
4 weeks ago - CNBC Television
Wells Fargo Loan Growth Weaker Than Thought: CFO Santomassimo
Wells Fargo CFO Mike Santomassimo breaks down the bank's second-quarter earnings report on "Bloomberg The Close." Expenses for the quarter climbed 2% to $13.3 billion, according to astatementFriday.
4 weeks ago - Bloomberg Markets and Finance
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Banks today are caught between an ongoing digital shift and a challenging macro environment.
4 weeks ago - PYMNTS
Wells Fargo stock sinks after weak second quarter net interest income
Sandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Money Movers' to discuss Wells Fargos second-quarter earnings report and more.
4 weeks ago - CNBC Television
Wells Fargo CFO on Q2 earnings
Michael Santomassimo, Wells Fargo CFO, joins 'Money Movers' to discuss the company's latest earnings results.
4 weeks ago - CNBC Television
