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]
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 $82.60 billion, an increase of 11.94% compared to the previous year's $73.79 billion. Earnings were $17.98 billion, an increase of 49.02%.
Financial Statements
Analyst Forecast
According to 17 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $51.27, which is a decrease of -1.23% from the latest price.
Price Target
$51.27
(-1.23% downside)
Analyst Consensus: Buy
Stock Forecasts
News
Wells Fargo & Company Declares Cash Dividends on Preferred Stock
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% ...
5 days ago - Business Wire
Wells Fargo to Present at the UBS Financial Services Forum
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Forum on Monday, Feb. 26, 2024 at...
5 days ago - Business Wire
OCC Closes Sales Practices Consent Order Against Wells Fargo
The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound practices in the bank's risk managemen...
5 days ago - PYMNTS
Wells Fargo Stock Jumps As Fake Account Scandal Consent Order Ends
Wells Fargo's stock rose more than 7% at times Thursday afternoon following the resolution of a consent order placed on the bank for opening fake accounts in the past, after regulators determined suff...
5 days ago - Forbes
Wells Fargo stock rises as Feds lift consent order for its fake-account scandal
Wells Fargo & Co.'s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but th...
5 days ago - Market Watch
Wells Fargo Resolves a Regulatory Complaint at Heart of 2016 Fake-Account Scandal
The Office of the Comptroller of the Currency said Thursday the bank had made sufficient progress revamping its systems that guard against customer harm.
5 days ago - WSJ
Wells Fargo says regulators have lifted a key punishment tied to its 2016 fake accounts scandal
The Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail products and services.
5 days ago - CNBC
Wells Fargo says OCC terminated 2016 consent order
Wells Fargo said on Thursday the Office of the Comptroller of the Currency (OCC) had terminated a 2016 consent order regarding the bank's sales practice misconduct.
5 days ago - Reuters
US banks face $35 bln hit from 'Basel Endgame', says Oliver Wyman
U.S. banks could lose up to $35 billion in revenues in 2025 under current proposals for new capital rules that could "relevel the playing field" for European lenders, a study showed on Thursday.
Other symbols: BACCGSJPMMS
6 days ago - Reuters
Big Tech Is Expensive. Consider These Value Stocks Instead.
Stifel highlights cyclical value stocks that could be primed for gains.
Other symbols: MAV
14 days ago - Barrons
Wells Fargo & Company Announces Full Redemption of its Series R Preferred Stock and Related Depositary Shares
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on March 15, 2024, it will redeem all 33,600 outstanding shares (the “Redeemed Series R Preferred Shares”) of its...
15 days ago - Business Wire
Wells Fargo raises CEO Charles Scharf's 2023 pay to $29 mln
Wells Fargo raised CEO Charles Scharf's total compensation for 2023 to $29 million, the bank said on Thursday.
26 days ago - Reuters
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 March 1, 2024, to stockh...
4 weeks ago - Business Wire
Investor.com Announces Winners of 2024 Annual Awards
ROYAL OAK, Mich.--(BUSINESS WIRE)---- $WFC #banking--Today personal finance website investor.com announced the winners of its first Annual Awards, recognizing the best credit cards, banking services, ...
4 weeks ago - Business Wire
Banking Industry Poised for Reset, Growth in 2024, KBW CEO Says
Tom Michaud, CEO at KBW, sees better days ahead for the US banking industry as he expects it to begin growing revenues, raising dividends, and increasing buybacks starting in June of this year. ------...
Other symbols: BACCGSJPMMS
4 weeks ago - Bloomberg Markets and Finance
Wells Fargo branch workers in California vote against union
Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday, making it the first Wells site to reject burgeoning unionization efforts, the Committee ...
4 weeks ago - Reuters
Earnings reports spark downgrades of Wells Fargo and Morgan Stanley as analysts see headwinds
Wells Fargo & Co. and Morgan Stanley have picked up separate downgrades as analysts sift through fourth-quarter earning updates in the face of headwinds tied to the cost of deposits and retooling at t...
4 weeks ago - Market Watch
Three of 'Big Six' U.S. banks tap bond market post-earnings
Three of the six largest U.S. banks announced new bond issues on Tuesday, kicking off an expected heavy week for new bank debt.
Other symbols: BACCGSJPMMS
5 weeks ago - Reuters
Banking stocks' financial results this earnings season: the scars of 2023
This afternoon (or morning if you're in the States), Morgan Stanley and Goldman Sachs posted their financial results for the 2023 FY. The other financial services titans like JPMorgan, Citigroup and W...
Other symbols: BACCGSJPMMS
5 weeks ago - Invezz
Big US banks to call on Fed to rewrite contentious bank capital rule
Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that ban...
Other symbols: BACCGSJPMMS
5 weeks ago - Reuters
Rising credit card delinquencies make these stocks your safer bet
The credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot coming into 2024. Whether you are a long-term investor or enjoy dabbling in and out ...
Other symbols: AXPBACCMAV
5 weeks ago - MarketBeat
Wells Fargo Reports Gains From Net Interest Income and Efficiency Initiatives
Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank's quarterly earnings call...
5 weeks ago - PYMNTS
Wells Fargo CFO: Many Consumers, Clients in Good Shape
Wells Fargo CFO Mike Santomassimo discusses the bank's net interest income, expense reduction plans and the macroeconomic environment. Wells Fargo's fourth-quarter costs came in higher than expected, ...
5 weeks ago - Bloomberg Markets and Finance
Key takeaways from Big Banks' Q4 earnings results
The Big Four banks — JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC), and Wells Fargo (WFC) — released their fourth-quarter earnings Friday morning, some with mixed results. JPMorgan, howev...
Other symbols: BACCJPM
5 weeks ago - Yahoo Finance
US banking giants shed over 17,000 employees in turbulent year
Wells Fargo , Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter earnings on Friday.
Other symbols: BACCJPM
5 weeks ago - Reuters
