Is Wells Fargo stock a good buy?
Is Wells Fargo stock a Buy, Sell or Hold? Wells Fargo stock has received a consensus rating of buy. The average rating score is and is based on 44 buy ratings, 20 hold ratings, and 1 sell ratings.
Wells Fargo's analyst rating consensus is a Moderate Buy. This is based on the ratings of 19 Wall Streets Analysts.
Wells Fargo & Co Stock Prediction 2025
The Wells Fargo & Co stock prediction for 2025 is currently $ 60.51, assuming that Wells Fargo & Co shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 4.24% increase in the WFC stock price.
The financial health and growth prospects of WFC, demonstrate its potential to outperform the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Wells Fargo Advisors insurance and investment products aren't backed by the FDIC or other government agencies. That said, you're always taking some amount of risk when you invest your money. Ultimately, Wells Fargo Advisors is a good option for investment services and other financial products.
Notable Dividend: WFC's dividend (2.45%) is higher than the bottom 25% of dividend payers in the US market (1.53%). High Dividend: WFC's dividend (2.45%) is low compared to the top 25% of dividend payers in the US market (4.68%).
Future Growth
Wells Fargo is forecast to grow earnings and revenue by 2.1% and 3% per annum respectively. EPS is expected to grow by 5.1% per annum. Return on equity is forecast to be 11.2% in 3 years.
Hedge funds don't have many shares in Wells Fargo. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.6% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.4% and 4.7% of the stock.
The all-time high Wells Fargo stock closing price was 57.82 on March 13, 2024. The Wells Fargo 52-week high stock price is 58.44, which is 1.1% above the current share price. The Wells Fargo 52-week low stock price is 35.25, which is 39% below the current share price.
A company's earnings performance is important for value investors as well. For fiscal 2023, seven analysts revised their earnings estimate higher in the last 60 days for WFC, while the Zacks Consensus Estimate has increased $0.19 to $4.84 per share. WFC also holds an average earnings surprise of 10.3%.
Is Wells Fargo a buy or a sell?
Wells Fargo & Company has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 9 hold ratings, and no sell ratings.
The downsides include a monthly service fee of $10 monthly fee which can be waived by maintaining a $500 minimum daily balance, having at least $500 in total qualifying electronic deposits, linking a Wells Fargo Campus ATM Card or Campus Debit Card to the account, receiving a qualifying monthly non-civilian military ...
Banks such as Wells Fargo's The Private Bank require a $1 million account balance to open with them, but they offer a team-based approach for wealthy clients, meaning a whole team will be dedicated to their account.
Wells Fargo stock climbed Friday after the bank reported strong financial results ahead of Wall Street expectations amid a higher-interest-rate environment. Wells Fargo (ticker: WFC) reported third-quarter earnings of $1.48 a share. Revenue rose to $20.86 billion, up 7% from the same period a year earlier.
Chase Total Checking comes with a $12 monthly maintenance fee, while Wells Fargo Everyday Checking customers are charged $10 a month. Both banks waive the fees when the accounts take in direct deposits totaling $500 or more each month. You also can avoid the monthly charges by maintaining a daily balance.
In 2021, the company sold its asset management division, Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. WFAM had $603 billion in assets under management as of December 31, 2020, of which 33% was invested in money market funds.
Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.
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Wells Fargo's continued layoffs come as no surprise. The San Francisco-based bank's CEO, Charlie Scharf, announced in late 2023 that the company was anticipating severance costs of nearly $1 billion in the upcoming year. Overall, the company shed 11,300 jobs, or 4.7% of its workforce in 2023, according to YahooFinance.
Is Wells Fargo in debt?
According to Wells Fargo's latest financial reports the company's total debt is $219.47 B. A company's total debt is the sum of all current and non-current debts.
Wells Fargo stock was falling Friday after the bank reported a higher provision for credit losses in the fourth quarter and warned of lower net interest income in the year ahead.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, Dodge & Cox, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Jpmorgan Chase & Co, VFINX - Vanguard 500 Index Fund Investor Shares, DODGX - Dodge & Cox Stock Fund, and Price T Rowe Associates Inc /md/ .
Jan. 25, 2024, at 5:40 p.m. (Reuters) -Wells Fargo said on Thursday it has raised CEO Charles Scharf's total compensation for 2023 to $29 million.
ownership in WFC / Wells Fargo & Company. 2024-01-26 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 265,745,467 shares of Wells Fargo & Company (US:WFC). This represents 7.3 percent ownership of the company.
