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CNBC's Sara Eisen sits down with Wells Fargo CEO Charlie Scharf to discuss the company's 2026 healthcare conference, consumer behavior, tariffs, and more.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of WFC.PR.L either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Key Takeaways Major banks plan a U.S. dollar stablecoin for 2027, intensifying competition in digital payments.CRCL's USDC reached $73.3B in circulation, while on-chain volume surged 151% to $14.8T in Q2.USDC's liquidity and broad distribution offer an edge, but bank-backed tokens could pressure its market share. The stablecoin market could be headed for a major competitive shake-up as some of the world’s largest financial institutions move beyond experimentation and prepare to compete directly for blockchain-based payments and liquidity. 

A group of 21 global financial institutions, including Citigroup (C - Free Report) , Bank of America (BAC - Free Report) , Goldman Sachs (GS - Free Report) and Wells Fargo (WFC - Free Report) , has committed to establishing a new company in the second half of 2026, subject to closing conditions, to issue a U.S. dollar-denominated stablecoin. The group is targeting the first half of 2027 for the launch of its initial U.S. dollar-denominated stablecoin, with stablecoins linked to additional G7 currencies planned over the longer term. 

The initiative could strengthen the participating banks’ positions in blockchain-based payments and settlement. However, for Circle Internet Group (CRCL - Free Report) , it adds another potentially formidable competitor to USD Coin (“USDC”), its dollar-backed stablecoin and core business product, just as regulatory clarity is making the stablecoin market more attractive to traditional financial institutions.

Why Are Big Banks Moving Into Stablecoins Now?A major catalyst is the improving U.S. regulatory environment. The GENIUS Act created a federal regulatory framework for payment stablecoins, including requirements around licensing and reserves. The law is expected to become effective on Jan. 18, 2027, broadly aligning with the banking consortium’s planned first-half 2027 launch. The consortium has stated that its stablecoin initiative is intended to comply with the GENIUS Act and Europe’s MiCA framework, where applicable.

This regulatory clarity could make it easier for large financial institutions to compete in a market that has so far been dominated by crypto-native companies.
The 21 participating institutions intend to combine traditional banking strengths, including compliance, governance, distribution and institutional risk management, with blockchain technology. The planned stablecoin is expected to support wholesale, institutional and retail use cases, including cross-border payments and digital-asset settlement. Importantly, the initiative reflects a broader shift in banks’ digital-asset strategy.

C, BAC, GS & WFC Could Gain From the Digital-Money ShiftFor Citigroup, Bank of America, Goldman Sachs and Wells Fargo, the initiative represents more of a long-term strategic opportunity than an immediate earnings catalyst.

Citigroup could leverage its global transaction-banking and cross-border payment capabilities as blockchain-based settlement expands among corporations and financial institutions.

Bank of America, meanwhile, could use its large commercial and corporate banking franchise to deepen payment and treasury relationships as clients increasingly adopt tokenized forms of money.

Goldman Sachs could benefit from greater institutional adoption of tokenized assets, stablecoins and blockchain-based settlement, particularly if digital assets become more integrated with capital markets.

Wells Fargo could similarly use stablecoin infrastructure to enhance treasury management and payment offerings for corporate customers.

However, the consortium’s stablecoin is not expected to launch until the first half of 2027. Hence, any direct contribution to C, BAC, GS or WFC revenues is unlikely to materially alter their near-term earnings outlook. The more significant benefit is positioning these institutions for a financial system in which traditional deposits, tokenized deposits and blockchain-based stablecoins increasingly coexist.

Banks’ Stablecoin Push Could Pressure CRCL’s USDC MoatFor Circle Internet Group, the development carries meaningful competitive implications because USDC remains the foundation of its business. At the end of second-quarter 2026, USDC in circulation reached $73.3 billion, up 19% year over year, while on-chain transaction volume surged 151% to $14.8 trillion. Reserve income totaled $668 million, accounting for roughly 95% of Circle’s $701 million in total revenues and reserve income.

A stablecoin backed by 21 major financial institutions could eventually challenge USDC by leveraging banks’ extensive corporate, institutional and payments relationships. Greater adoption of a bank-backed token could pressure USDC’s market share, circulation growth and reserve income.

However, the threat is unlikely to be immediate. Circle has spent years building USDC’s liquidity, distribution and network effects across exchanges, wallets, payment applications and blockchain networks. New entrants will need to replicate that ecosystem, secure broad integrations and convince customers to actively use their token. Thus, while the banks’ regulatory standing and distribution provide a strong competitive advantage, they do not automatically match USDC’s established liquidity and scale.

What Should Investors Watch?The 21-bank stablecoin initiative is a long-term strategic positive for Citigroup, Bank of America, Goldman Sachs and Wells Fargo, giving them another avenue to participate in blockchain-based payments and settlement. While near-term financial benefits may be modest, the banks could leverage their corporate relationships, compliance capabilities and distribution networks to defend existing payment and deposit businesses, and capture transaction flows.

For Circle Internet Group, the initiative is a credible competitive risk but not an immediate threat to USDC. Investors should monitor USDC circulation, transaction volumes, institutional adoption and market share as bank-backed stablecoins enter the market.

E Fund Management Co. Ltd. bought a new position in Wells Fargo & Company (NYSE:WFC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,830 shares of the financial services provider’s stock, valued at approximately $2,713,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Wells Fargo & Company during the fourth quarter valued at approximately $4,512,563,000. Capital Research Global Investors boosted its holdings in Wells Fargo & Company by 4.9% during the 4th quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after acquiring an additional 1,760,484 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Wells Fargo & Company by 0.9% in the 4th quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after acquiring an additional 188,186 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Wells Fargo & Company by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Wells Fargo & Company during the second quarter valued at about $1,364,923,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance Wells Fargo & Company stock opened at $84.70 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The business’s 50 day simple moving average is $86.11 and its 200 day simple moving average is $82.85. Wells Fargo & Company has a 12 month low of $72.78 and a 12 month high of $97.76. The company has a market cap of $256.13 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Wells Fargo & Company will post 7.26 EPS for the current year. Wells Fargo & Company Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In Several research firms recently weighed in on WFC. Robert W. Baird boosted their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group dropped their price target on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Bank of America boosted their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.61.

Check Out Our Latest Stock Report on Wells Fargo & Company

Wells Fargo & Company Profile (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

See Also Five stocks we like better than Wells Fargo & Company Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Greenspring Advisors LLC bought a new position in shares of Wells Fargo & Company (NYSE:WFC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,305 shares of the financial services provider’s stock, valued at approximately $1,017,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WFC. Norges Bank bought a new stake in shares of Wells Fargo & Company during the fourth quarter worth approximately $4,512,563,000. Capital Research Global Investors increased its stake in shares of Wells Fargo & Company by 4.9% during the fourth quarter. Capital Research Global Investors now owns 37,421,387 shares of the financial services provider’s stock worth $3,487,687,000 after purchasing an additional 1,760,484 shares during the period. Legal & General Group Plc increased its stake in shares of Wells Fargo & Company by 0.9% during the fourth quarter. Legal & General Group Plc now owns 21,197,423 shares of the financial services provider’s stock worth $1,975,600,000 after purchasing an additional 188,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Wells Fargo & Company by 13.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Wells Fargo & Company during the 2nd quarter worth approximately $1,364,923,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Stock Up 1.0% WFC stock opened at $84.70 on Tuesday. The company has a market cap of $256.13 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The business has a 50-day simple moving average of $86.11 and a 200 day simple moving average of $82.85. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. Sell-side analysts anticipate that Wells Fargo & Company will post 7.26 EPS for the current fiscal year. Wells Fargo & Company Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.

Analysts Set New Price Targets Several research firms recently issued reports on WFC. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Robert W. Baird increased their price objective on Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Bank of America lifted their target price on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.61.

Get Our Latest Research Report on Wells Fargo & Company

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading Five stocks we like better than Wells Fargo & Company Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).

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Wells Fargo has spent the last few years overhauling its wealth management business. Now, the banking giant is trying to convince hundreds of financial advisors to join that division, Bloomberg News reported Thursday (Aug. 27).

Ausdal Financial Partners Inc. acquired a new stake in Wells Fargo and Company (NYSE: WFC) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,036 shares of the financial services provider's stock, valued at approximately $747,000. A number of

Key Takeaways WFC plans to recruit hundreds of independent advisers to expand its wealth-management business.Advisor Gateway offers access to more than 200 tools, including Aladdin Wealth and generative AI capabilities.WFC's wealth push could attract assets and boost recurring fee revenues, but execution remains key. Wells Fargo & Company (WFC - Free Report) is stepping up efforts to expand its wealth management business by recruiting hundreds of independent financial advisers, according to a Bloomberg report published by Yahoo Finance. The hiring push builds on the bank’s multi-year effort to strengthen its Wealth & Investment Management (WIM) division and deepen relationships with affluent and high-net-worth clients.

WFC has been revamping its WIM business since 2020, when it reorganized its operations into five major business lines. WIM offers wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary services to affluent, high-net-worth and ultra-high-net-worth clients. This broad offering enables the bank to address multiple financial needs, deepen client relationships and generate more revenue from wealthy customers beyond traditional banking activities.

Expanding its independent adviser network is a key part of this strategy. Independent advisers are becoming an increasingly important growth channel as financial professionals seek greater control over their practices while retaining access to institutional technology, investment products and infrastructure. WFC’s model gives advisers greater flexibility while allowing them to leverage the bank’s resources.

The bank is also strengthening its adviser capabilities through expanded investment offerings and technology. In May 2026, WFC launched Advisor Gateway, giving advisers one-click access to more than 200 tools and applications, including BlackRock’s Aladdin Wealth technology and generative AI capabilities. Last year, WIM added alternative investments to its Personalized Unified Managed Account program in collaboration with InvestCloud, enabling qualifying clients to hold traditional and alternative assets in a single account. These enhancements are expected to help WFC attract more advisers and assets, improve productivity and capitalize on growing demand for alternative investments.

The wealth management push also aligns with WFC’s broader strategy under CEO Charlie Scharf. Since 2019, the bank has been exiting non-core and lower-return operations to focus resources on its core, higher-return businesses. Meanwhile, the company has been expanding across multiple business lines since the Federal Reserve lifted the asset cap that had constrained its growth since 2018. Reallocating resources toward higher-return businesses, including wealth management, will likely support growth in fee-based recurring revenues, client assets, deposits and lending. However, successful execution will be key to driving sustainable growth and higher returns.

How Are WFC Peers Scaling Wealth Management Business?Similar to WFC, UBS Group (UBS - Free Report) and Morgan Stanley (MS - Free Report) are strengthening wealth management operations through acquisitions, partnerships and technology investments to expand capabilities, deepen client relationships and diversify revenues.

UBS Group has strengthened its wealth franchise through the acquisition and integration of Credit Suisse, while expanding its private-market capabilities through a partnership with MSCI. UBS Group also received a U.S. national bank charter for UBS Bank USA in March 2026, supporting its banking and wealth management offerings.

Similarly, Morgan Stanley has expanded wealth and investment management businesses through acquisitions, including E*TRADE Financial and Eaton Vance. The businesses accounted for nearly 54% of total net revenues in 2025, up from 26% in 2010, highlighting the growing contribution of wealth and investment management to Morgan Stanley’s overall business mix.

WFC’s Price Performance, Valuation & EstimatesShares of Wells Fargo have gained 3.4% in the past year compared with the industry’s growth of 22%.

Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, WFC trades at a forward price-to-earnings (P/E) ratio of 11.03X, below the industry’s average of 14X.

Price-to-Earnings F12M
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for WFC’s 2026 and 2027 earnings implies year-over-year increases of 15.5% and 9.5%, respectively. Estimates for both years have been revised marginally upward over the past month.

Estimate Revision Trend
Image Source: Zacks Investment Research

WFC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Advisors Capital Management LLC purchased a new position in shares of Wells Fargo & Company (NYSE:WFC – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 630,111 shares of the financial services provider’s stock, valued at approximately $52,072,000.

A number of other institutional investors have also modified their holdings of WFC. Bryn Mawr Trust Advisors LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter worth approximately $658,000. Swiss Life Asset Management Ltd lifted its position in Wells Fargo & Company by 4.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock valued at $32,673,000 after buying an additional 14,168 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Wells Fargo & Company by 4.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after buying an additional 17,302 shares during the period. Norges Bank purchased a new stake in Wells Fargo & Company during the fourth quarter worth approximately $4,512,563,000. Finally, Winning Points Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the fourth quarter worth $3,384,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Upgrades and Downgrades WFC has been the topic of several recent research reports. Bank of America boosted their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. UBS Group dropped their price objective on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Morgan Stanley boosted their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.61.

View Our Latest Analysis on Wells Fargo & Company Wells Fargo & Company Price Performance Shares of NYSE WFC opened at $84.70 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $256.13 billion, a PE ratio of 12.31, a P/E/G ratio of 0.91 and a beta of 0.92. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The business’s fifty day moving average price is $86.11 and its two-hundred day moving average price is $82.85.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. On average, research analysts expect that Wells Fargo & Company will post 7.26 EPS for the current year.

Wells Fargo & Company Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 7th. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.07%.

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading Five stocks we like better than Wells Fargo & Company Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Algebris UK Ltd. acquired a new stake in Wells Fargo & Company (NYSE:WFC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 539,621 shares of the financial services provider’s stock, valued at approximately $44,454,000. Wells Fargo & Company comprises 2.9% of Algebris UK Ltd.’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also recently bought and sold shares of the business. Bryn Mawr Trust Advisors LLC bought a new stake in Wells Fargo & Company during the second quarter valued at about $658,000. Swiss Life Asset Management Ltd grew its position in shares of Wells Fargo & Company by 4.2% in the fourth quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock valued at $32,673,000 after purchasing an additional 14,168 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Wells Fargo & Company by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after purchasing an additional 17,302 shares during the period. Norges Bank bought a new position in shares of Wells Fargo & Company in the fourth quarter worth about $4,512,563,000. Finally, Winning Points Advisors LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth about $3,384,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research note on Wednesday, July 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Truist Financial increased their price objective on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Phillip Securities upgraded shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.61.

Check Out Our Latest Report on Wells Fargo & Company Wells Fargo & Company Trading Up 1.0% Shares of WFC opened at $84.70 on Tuesday. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $256.13 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.91 and a beta of 0.92. The stock’s 50-day moving average price is $86.11 and its 200 day moving average price is $82.85.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm had revenue of $22.62 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is 29.07%.

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading Five stocks we like better than Wells Fargo & Company Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).

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Bell & Brown Wealth Advisors LLC acquired a new position in Wells Fargo & Company (NYSE:WFC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,997 shares of the financial services provider’s stock, valued at approximately $5,206,000. Wells Fargo & Company comprises approximately 1.6% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFC. Bryn Mawr Trust Advisors LLC bought a new stake in Wells Fargo & Company during the 2nd quarter valued at approximately $658,000. Swiss Life Asset Management Ltd increased its position in Wells Fargo & Company by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after buying an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Wells Fargo & Company by 4.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after buying an additional 17,302 shares during the last quarter. Norges Bank acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth approximately $4,512,563,000. Finally, Winning Points Advisors LLC bought a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $3,384,000. Institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth WFC has been the topic of several research analyst reports. Robert W. Baird raised their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Truist Financial boosted their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Phillip Securities raised Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

View Our Latest Analysis on WFC Wells Fargo & Company Trading Down 0.0% WFC stock opened at $83.83 on Monday. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $86.08 and its 200-day moving average is $82.91. The firm has a market cap of $253.50 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The business had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter last year, the company earned $1.60 EPS. Wells Fargo & Company’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Wells Fargo & Company will post 7.26 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Featured Stories Five stocks we like better than Wells Fargo & Company VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

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Danske Bank A S purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,699,994 shares of the financial services provider’s stock, valued at approximately $140,488,000. Danske Bank A S owned approximately 0.06% of Wells Fargo & Company as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Wells Fargo & Company during the 4th quarter valued at about $4,512,563,000. Bank of New York Mellon Corp bought a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $1,364,923,000. Deutsche Bank AG bought a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $859,431,000. Pzena Investment Management LLC purchased a new stake in Wells Fargo & Company in the second quarter worth approximately $729,502,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Wells Fargo & Company during the second quarter valued at approximately $620,861,000. Institutional investors own 75.90% of the company’s stock.

Wells Fargo & Company Trading Down 0.0% NYSE WFC opened at $83.83 on Monday. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $86.08 and a two-hundred day simple moving average of $82.91. The stock has a market cap of $253.50 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.23. The firm had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. On average, analysts forecast that Wells Fargo & Company will post 7.26 earnings per share for the current year. Wells Fargo & Company Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is 29.07%.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on WFC shares. JPMorgan Chase & Co. boosted their price objective on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Robert W. Baird lifted their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Bank of America boosted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

View Our Latest Report on Wells Fargo & Company

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Recommended Stories Five stocks we like better than Wells Fargo & Company VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

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Danica Pension Livsforsikringsaktieselskab purchased a new position in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 212,859 shares of the financial services provider’s stock, valued at approximately $17,591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter worth $25,000. Miller Capital Partners Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC acquired a new position in Wells Fargo & Company during the fourth quarter worth about $26,000. Joseph Group Capital Management acquired a new position in Wells Fargo & Company during the fourth quarter worth about $28,000. Finally, Phillip James Consulting Co. purchased a new stake in Wells Fargo & Company during the 1st quarter valued at about $28,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Trading Down 0.0% Shares of Wells Fargo & Company stock opened at $83.83 on Monday. The stock has a 50 day moving average of $86.08 and a 200 day moving average of $82.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $253.50 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.91 and a beta of 0.92. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year. Wells Fargo & Company Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.50 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Robert W. Baird upped their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

Get Our Latest Stock Analysis on Wells Fargo & Company

Wells Fargo & Company Profile (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

See Also Five stocks we like better than Wells Fargo & Company VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Great Lakes Advisors LLC bought a new position in shares of Wells Fargo & Company (NYSE:WFC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 213,489 shares of the financial services provider’s stock, valued at approximately $17,643,000.

Several other hedge funds have also recently modified their holdings of the stock. Nixon Peabody Trust Co. boosted its holdings in Wells Fargo & Company by 3.6% in the 4th quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock worth $312,000 after buying an additional 115 shares during the last quarter. MFA Wealth Services increased its stake in Wells Fargo & Company by 0.7% during the 2nd quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 115 shares in the last quarter. Simmons Bank raised its holdings in shares of Wells Fargo & Company by 1.9% during the fourth quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 116 shares during the last quarter. Wood Tarver Financial Group LLC raised its holdings in shares of Wells Fargo & Company by 1.6% during the fourth quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider’s stock valued at $722,000 after acquiring an additional 120 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC lifted its position in shares of Wells Fargo & Company by 1.8% in the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wells Fargo & Company Price Performance NYSE:WFC opened at $83.83 on Monday. Wells Fargo & Company has a one year low of $72.78 and a one year high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $253.50 billion, a PE ratio of 12.18, a P/E/G ratio of 0.91 and a beta of 0.92. The stock has a 50 day moving average price of $86.08 and a 200 day moving average price of $82.91.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. Equities research analysts expect that Wells Fargo & Company will post 7.26 EPS for the current fiscal year. Wells Fargo & Company Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades A number of analysts have recently issued reports on WFC shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research note on Tuesday, July 14th. UBS Group reduced their price objective on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a report on Friday, July 17th. Robert W. Baird lifted their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, Morgan Stanley upped their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and a consensus price target of $98.61.

View Our Latest Research Report on WFC

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Further Reading Five stocks we like better than Wells Fargo & Company VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Diversify Advisory Services LLC purchased a new stake in Wells Fargo & Company (NYSE:WFC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 58,391 shares of the financial services provider’s stock, valued at approximately $5,096,000.

Several other large investors have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at $25,000. Navalign LLC acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at $26,000. Joseph Group Capital Management acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at $28,000. Finally, Phillip James Consulting Co. bought a new position in Wells Fargo & Company in the first quarter worth $28,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Wall Street Analyst Weigh In Several brokerages have issued reports on WFC. Bank of America boosted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Robert W. Baird raised their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.

Get Our Latest Research Report on WFC Wells Fargo & Company Stock Down 0.0% Shares of NYSE WFC opened at $83.83 on Monday. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day moving average of $86.08 and a two-hundred day moving average of $82.91. The stock has a market cap of $253.50 billion, a PE ratio of 12.18, a PEG ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 EPS. As a group, equities research analysts expect that Wells Fargo & Company will post 7.26 earnings per share for the current fiscal year.

Wells Fargo & Company Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Featured Articles Five stocks we like better than Wells Fargo & Company VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).

Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Equity Investment Corp bought a new stake in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,504,825 shares of the financial services provider’s stock, valued at approximately $124,359,000. Wells Fargo & Company comprises 2.4% of Equity Investment Corp’s portfolio, making the stock its 17th largest position.

Several other institutional investors have also recently bought and sold shares of WFC. Aljian Capital Management LLC acquired a new position in Wells Fargo & Company during the second quarter worth about $1,287,000. Meeder Advisory Services Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $6,250,000. Meeder Asset Management Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $49,000. Pzena Investment Management LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $729,502,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $25,922,000. Institutional investors and hedge funds own 75.90% of the company’s stock.

Analyst Ratings Changes A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research report on Wednesday, July 15th. Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Truist Financial increased their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.61.

Read Our Latest Research Report on WFC Wells Fargo & Company Stock Performance NYSE:WFC opened at $83.83 on Friday. The stock’s 50-day moving average is $86.08 and its 200-day moving average is $82.97. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock has a market cap of $253.50 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business had revenue of $22.62 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the business earned $1.60 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.

Wells Fargo & Company Profile (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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AMG National Trust Bank acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,637 shares of the financial services provider’s stock, valued at approximately $1,292,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WFC. Godfrey Financial Associates Inc. acquired a new stake in shares of Wells Fargo & Company during the fourth quarter worth about $25,000. Miller Capital Partners Inc. purchased a new position in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Navalign LLC purchased a new position in Wells Fargo & Company during the 4th quarter worth approximately $26,000. Joseph Group Capital Management acquired a new stake in Wells Fargo & Company during the 4th quarter valued at approximately $28,000. Finally, Phillip James Consulting Co. purchased a new stake in Wells Fargo & Company in the first quarter valued at $28,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth WFC has been the topic of a number of recent research reports. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Truist Financial lifted their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Finally, UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company presently has an average rating of “Moderate Buy” and a consensus price target of $98.61.

Get Our Latest Stock Analysis on Wells Fargo & Company Wells Fargo & Company Trading Up 0.2% Shares of Wells Fargo & Company stock opened at $83.83 on Friday. The stock has a 50 day moving average of $86.08 and a 200 day moving average of $82.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $253.50 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.91 and a beta of 0.92. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.4%. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

Wells Fargo & Company Profile (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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Bridgewater Advisors Inc. purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,865 shares of the financial services provider’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WFC. Norges Bank bought a new stake in Wells Fargo & Company in the fourth quarter valued at about $4,512,563,000. Amundi boosted its stake in Wells Fargo & Company by 73.0% in the first quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock worth $1,310,663,000 after purchasing an additional 6,944,316 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in Wells Fargo & Company by 177.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after buying an additional 3,120,399 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Wells Fargo & Company by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Wells Fargo & Company in the 4th quarter valued at $173,651,000. Institutional investors own 75.90% of the company’s stock.

Wall Street Analysts Forecast Growth WFC has been the subject of several analyst reports. Bank of America lifted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Finally, Truist Financial raised their price objective on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.61.

Read Our Latest Report on Wells Fargo & Company Key Wells Fargo & Company News Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Wells Fargo established a new Series HH preferred stock, expanding its capital-raising options. A related analysis highlights the preferred shares’ roughly 6.6% yield, which may appeal to income-focused investors and support interest in Wells Fargo’s securities. Skip The CDs For Wells Fargo’s 6.6% Yielding Preferred Share Wells Fargo Establishes New Series HH Preferred Stock Positive Sentiment: Valuation commentary says WFC still appears discounted to an intrinsic-value estimate after generating a 126.5% total return over three years. That suggests potential long-term upside, although the size of the discount may be narrowing. Wells Fargo Stock Looks Cheap On Fair Value But Full On Earnings Neutral Sentiment: Recent fundamental performance remains solid: Wells Fargo’s latest reported quarter exceeded earnings and revenue estimates, with year-over-year revenue growth. However, investors may be weighing those results against the stock’s already substantial gains. Negative Sentiment: Wells Fargo has lagged some major-bank peers in 2026, particularly BNY Mellon, highlighting concerns that its business mix may be less favorable in the current market environment. Which Big Bank Stock Has Dominated in 2026 Negative Sentiment: Commentary noting that WFC looks attractive on fair value but “full” on earnings suggests investors may be taking profits or demanding stronger catalysts before pushing the stock higher. Separate market coverage also recorded a recent decline while the broader market improved, indicating relative selling pressure. Wells Fargo Stock Declines While Market Improves Wells Fargo & Company Price Performance NYSE:WFC opened at $83.69 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average price is $86.08 and its two-hundred day moving average price is $82.97. The firm has a market capitalization of $253.08 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 0.93 and a beta of 0.92. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. The company had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. On average, analysts anticipate that Wells Fargo & Company will post 7.26 earnings per share for the current year.

Wells Fargo & Company Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.

(Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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Greenwood Gearhart LLC reduced its holdings in Wells Fargo & Company (NYSE:WFC) by 66.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,915 shares of the financial services provider’s stock after selling 28,024 shares during the quarter. Greenwood Gearhart LLC’s holdings in Wells Fargo & Company were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WFC. Nixon Peabody Trust Co. grew its position in shares of Wells Fargo & Company by 3.6% during the 4th quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock worth $312,000 after buying an additional 115 shares during the period. MFA Wealth Services lifted its position in shares of Wells Fargo & Company by 0.7% during the 2nd quarter. MFA Wealth Services now owns 16,712 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 115 shares during the period. Simmons Bank lifted its position in shares of Wells Fargo & Company by 1.9% during the 4th quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 116 shares during the period. Wood Tarver Financial Group LLC boosted its stake in Wells Fargo & Company by 1.6% during the fourth quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 120 shares in the last quarter. Finally, Hidden Cove Wealth Management LLC boosted its stake in Wells Fargo & Company by 1.8% during the second quarter. Hidden Cove Wealth Management LLC now owns 6,846 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 124 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Stock Down 1.7% Shares of NYSE:WFC opened at $85.92 on Thursday. The stock has a market cap of $259.81 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.95 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The business’s 50 day moving average is $86.05 and its 200 day moving average is $83.01.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. The business had revenue of $22.62 billion during the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.Wells Fargo & Company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. On average, sell-side analysts forecast that Wells Fargo & Company will post 7.26 earnings per share for the current fiscal year. Wells Fargo & Company Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.07%.

Wells Fargo & Company News Summary Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Wells Fargo still appears attractively valued. A recent analysis said the stock trades below its estimated fair value, while its dividend profile and exposure to a rotation into financial stocks could provide support. However, the bank’s 126.5% three-year total return means investors may be questioning how much future improvement is already reflected in the share price. Wells Fargo Stock Looks Cheap on Fair Value but Full on Earnings Positive Sentiment: Dividend-focused coverage described Wells Fargo as a potentially appealing income investment, which may attract investors seeking bank dividends. This is supportive for the long-term investment case, although the article does not identify a new dividend increase or other immediate catalyst. Wells Fargo Could Be a Great Choice Neutral Sentiment: Wells Fargo established a new Series HH preferred stock through a certificate of designation. The move may support capital-raising and funding flexibility, but the announcement provides limited information about the size, terms, or near-term effect on common shareholders. Wells Fargo Establishes New Series HH Preferred Stock Negative Sentiment: Wells Fargo lagged Bank of America and especially BNY Mellon in 2026, highlighting weaker relative investor performance and potentially prompting portfolio rotation away from WFC. Which Big Bank Stock Has Dominated in 2026 Negative Sentiment: One market review noted that WFC declined even as market conditions improved, suggesting stock-specific profit-taking or investor concern about valuation and earnings expectations. The company’s latest reported quarter was strong, so the selling appears more related to expectations than an earnings miss. Wells Fargo Stock Declines While Market Improves Wall Street Analysts Forecast Growth Several research firms have weighed in on WFC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Robert W. Baird increased their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. UBS Group reduced their target price on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Bank of America upped their price target on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price target on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.61.

Get Our Latest Stock Analysis on WFC

Wells Fargo & Company Profile (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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The 2026 scoreboard among these three big financial names is decisive. BNY Mellon (NYSE:BNY) stock has vastly outrun both Bank of America (NYSE:BAC | BAC Price Prediction) and Wells Fargo (NYSE:WFC) year to date (YTD), reframing what winning the bank trade means this year.

Capstone Wealth Management LLC acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,173 shares of the financial services provider’s stock, valued at approximately $593,000. Wells Fargo & Company accounts for about 0.3% of Capstone Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Wells Fargo & Company in the 4th quarter worth about $4,512,563,000. Amundi boosted its position in Wells Fargo & Company by 73.0% during the 1st quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock valued at $1,310,663,000 after acquiring an additional 6,944,316 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in Wells Fargo & Company by 177.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock valued at $454,455,000 after acquiring an additional 3,120,399 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Wells Fargo & Company by 13.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock worth $1,922,257,000 after acquiring an additional 2,369,260 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $173,651,000. 75.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades A number of research analysts have recently commented on WFC shares. Robert W. Baird raised their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Bank of America increased their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. UBS Group lowered their price objective on Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and an average target price of $98.61.

Check Out Our Latest Analysis on WFC Wells Fargo & Company Price Performance WFC stock opened at $87.42 on Wednesday. The firm has a 50 day moving average price of $85.97 and a 200-day moving average price of $83.05. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76. The firm has a market capitalization of $264.36 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.97 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Wells Fargo & Company will post 7.26 EPS for the current fiscal year.

Wells Fargo & Company Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s payout ratio is presently 29.07%.

More Wells Fargo & Company News Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Wells Fargo’s focus on reaching a $50 billion 2026 net interest income target remains a potential catalyst. Accelerating balance-sheet growth could support revenue and earnings if loan growth and margins develop as anticipated. Wells Fargo’s NII Outlook: Can It Achieve the $50B Target in 2026? Positive Sentiment: Wells Fargo’s analysts continue to identify substantial upside in selected non-mega-cap technology stocks, highlighting the breadth of the firm’s research and investment-banking franchise, although this does not directly change WFC’s earnings outlook. Wells Fargo Sees Up to 52% Upside in 2 Stocks Neutral Sentiment: Wells Fargo raised its outlook for U.S. homebuilder sentiment modestly, with the NAHB/Wells Fargo Housing Market Index increasing to 35 from 34. However, elevated construction and borrowing costs continue to restrain housing activity, limiting the immediate benefit to the bank’s mortgage and housing businesses. U.S. Homebuilder Confidence Unexpectedly Improves Modestly In August Neutral Sentiment: The bank committed $1.5 million to Habitat for Humanity for affordable rural housing initiatives. The investment supports Wells Fargo’s community-reinvestment profile but is too small to materially affect financial results. Wells Fargo invests $1.5 million with Habitat for Humanity Negative Sentiment: Wells Fargo now expects the Federal Reserve to keep rates at 3.50%–3.75% through 2026 and potentially delay rate cuts until 2027 because inflation pressures remain elevated. Higher rates may support near-term interest income, but the forecast also raises concerns about slower loan demand, weaker housing activity and credit quality. Wells Fargo Projects Fed Will Keep Interest Rates Steady Until 2027 Negative Sentiment: Wells Fargo lowered its gold-price forecast for the remainder of 2026. The change is primarily a commodities-market call rather than a direct revision to WFC’s earnings, but it may reinforce investor concerns about the bank’s shifting macroeconomic assumptions. Wells Fargo revamps gold price target for the rest of 2026 (Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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Key Takeaways WFC targets approximately $50B in 2026 NII, up from $47.5B in 2025.Wells Fargo's NII rose 5.2% y/y to $24.4B in the first half of 2026, led by balance-sheet growth.CBL generated $15.3B in NII in the first half of 2026, accounting for 62.6% of WFC's total NII. Wells Fargo & Company (WFC - Free Report) expects its net interest income (NII) to reach approximately $50 billion in 2026, up from $47.5 billion in 2025. The outlook reflects continued balance-sheet expansion following the removal of the asset cap, along with a favorable loan and deposit mix and fixed-asset repricing.

Over the past three years (ended 2025), the company’s NII expanded at a compounded annual growth rate (CAGR) of 1.8%. The growth trend improved in the first half of 2026, with NII rising 5.2% year over year to $24.4 billion. Management expects stronger NII growth in the second half of 2026, supported by continued balance-sheet expansion and improving loan and deposit trends.

Consumer Banking and Lending (CBL) remains a key contributor to NII growth. The segment generated $15.3 billion of NII in the first half of 2026, accounting for 62.6% of Wells Fargo’s total NII. Growth in consumer lending, particularly auto and credit cards, is supporting earning-asset growth and driving the bank’s NII momentum.

The removal of WFC’s asset cap in June 2025 has further strengthened its ability to expand the balance sheet. With the restriction lifted and the final outstanding consent order closed in early 2026, the bank can pursue loan and deposit growth more aggressively. Management expects average loans to increase at a mid-single-digit rate in 2026, primarily driven by commercial, auto and credit card lending, while average deposits are projected to grow at a mid-single-digit rate across all operating segments. This balance-sheet expansion is expected to support NII by increasing earning assets and strengthening the funding base.

Overall, a stable interest-rate environment, combined with a favorable balance-sheet mix and fixed-asset repricing, is expected to support WFC’s NII growth through the remainder of 2026. With management expecting stronger growth in the second half, the bank remains on track to reach its approximately $50 billion NII target for 2026.

What Do WFC’s Peers Say About Their 2026 NII Expectations?The two peers of Wells Fargo are Citigroup Inc. (C - Free Report) and The PNC Financial Services Group, Inc. (PNC - Free Report) .

Citigroup’s NII increased at a three-year CAGR of 6.2% through 2025, with the uptrend continuing in the first half of 2026. The company continues to witness solid growth in loan and deposit balances. Management expects NII, excluding Markets, to increase 5-6% in 2026, supported by loan growth and stabilizing funding dynamics.

PNC’s NII has been a key contributor to top-line growth, increasing at a six-year CAGR of 6.3% through 2025. The uptrend continued in the first half of 2026, supported by commercial loan growth and a favorable deposit mix. Following strong second-quarter results, management raised its 2026 NII growth guidance to 15-15.5% from 14.5%, supported by robust loan growth, an improving deposit mix and continued repricing of fixed-rate assets.

WFC’s Price Performance, Valuation & EstimatesShares of Wells Fargo have gained 14.7% in the past year compared with the industry’s growth of 27.4%.

Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, WFC trades at a forward price-to-earnings (P/E) ratio of 11.56X, below the industry’s average of 14.24X.

Price-to-Earnings F12M
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for WFC’s 2026 and 2027 earnings implies year-over-year rallies of 15.5% and 9.5%, respectively. Estimates for both years have been revised upward over the past month.

Estimate Revision Trend
Image Source: Zacks Investment Research

WFC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.

A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CFH

Can Wells Fargo sustain its 20.5% three-month gain as asset cap removal, NII growth and capital returns strengthen its growth outlook? Let us find out.

By PYMNTS  |  August 10, 2026

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Corporate treasurers may soon get the speed and programmability associated with stablecoins without moving their cash outside the banking system.

Wells Fargo said it will begin offering tokenized deposits to select corporate and commercial clients this fall. The blockchain-based service will initially support transfers between U.S. dollars and British pounds, allowing participating companies to move, program and settle funds around the clock. Wells Fargo plans to add clients, countries and currencies during 2027.

The announcement places Wells Fargo alongside JPMorgan and Citi in a widening contest over who will provide the digital money used for corporate payments. Stablecoin issuers have demonstrated that funds can move across borders and outside banking hours. Banks are responding by applying similar technology to deposits that remain within regulated institutions.

That distinction goes to the center of the emerging competition.

A stablecoin is generally backed by reserves held by its issuer and can move between participating wallets and platforms. A tokenized deposit remains a commercial bank liability, much like the balance displayed in a corporate checking account. The blockchain changes how the deposit moves and what companies can program it to do. It doesn’t change the basic relationship between the depositor and the bank.

For companies, that could remove a significant obstacle to blockchain adoption. Treasury departments wouldn’t need to convert bank deposits into a separate digital asset, manage an additional issuer relationship or create new procedures for holding and redeeming stablecoins. The funds would remain connected to existing compliance, liquidity and cash-management systems.

Wells Fargo is entering a field that has moved beyond experimentation. JPMorgan’s JPM Coin supports round-the-clock institutional settlement, while Citi Token Services enables clients to move liquidity across participating markets outside normal banking hours. Citi has also tested smart contracts that automatically release payment after a commercial condition, such as delivery of fuel to a ship, has been satisfied.

That programmability could prove more consequential than raw speed. A company could connect payment to the receipt of goods, approval of an invoice or completion of a contractual milestone. The payment instruction, business condition and record of settlement could become parts of the same workflow. That would reduce the manual handoffs that create reconciliation work and payment disputes.

Banks also bring a structural advantage. They already hold corporate operating deposits and provide credit, foreign exchange, fraud controls and liquidity services. The Bank for International Settlements has argued that tokenized commercial bank money can deliver many benefits of programmable payments while preserving a financial system anchored by central bank reserves. It has raised concerns that current stablecoin designs depend on prefunded reserves and may not always preserve convertibility at par.

Stablecoins retain an important advantage of their own: reach. They can move across platforms, countries and digital-asset networks without requiring both parties to bank with the same institution. A tokenized deposit operating inside one bank’s network risks becoming a faster version of a closed system.

That makes interoperability the next test. Wells Fargo says its service will eventually connect with a broader tokenized-deposit network and selected private networks. The value for corporate clients will rise sharply when a Wells Fargo tokenized deposit can reach a supplier using another bank without losing its speed, programmability or compliance information.

The banks have shown they can put deposits on blockchain rails. Now they must show those deposits can travel.