Wells Fargo & Co (WFC)

WFC (NYSE:Banking) EQUITY
$45.74
pos +0.00
+0.00%
Today's Range: 45.43 - 45.91 | WFC Avg Daily Volume: 22,020,400
Last Update: 09/23/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -15.86%
Open: $0.00
Previous Close: $45.72
52 Week Range: $44.50 - $56.34
Oustanding Shares: 5,045,547,142
Market Cap: 230,682,415,332
6-Month Chart
TheStreet Ratings Grade for WFC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 12 10 11 11
Moderate Buy 3 3 3 4
Hold 7 8 8 6
Moderate Sell 0 0 0 0
Strong Sell 3 2 2 2
Mean Rec. 2.16 2.17 2.13 2.04
Latest Dividend: 0.38
Latest Dividend Yield: 3.32%
Dividend Ex-Date: 08/03/16
Price Earnings Ratio: 11.29
Price Earnings Comparisons:
WFC Sector Avg. S&P 500
11.29 11.20 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-4.53% -9.93% 8.11%
GROWTH 12 Mo 3 Yr CAGR
Revenue 1.90 0.00 0.00
Net Income -1.40 0.20 0.06
EPS 0.60 0.20 0.07
Earnings for WFC:
EBITDA 49.74B
Revenue 90.03B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $1.02 $1.01 $4.03 $4.16
Number of Analysts 12 10 12 12
High Estimate $1.05 $1.05 $4.08 $4.43
Low Estimate $1.00 $0.93 $3.95 $3.83
Prior Year $1.05 $1.03 $4.15 $4.03
Growth Rate (Year over Year) -2.62% -2.04% -2.81% 3.06%
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Symbol Comparison Bollinger Bands

bearishWells Fargo estimates, target reduced at Credit Suisse

Sep 23, 2016 | 8:05 AM EDT
Shares of WFC now seen reaching $50, according to Credit Suisse. Estimates also cut, consumer banking revenue and costs will likely be affected by regulatory issues. Outperform rating.
RMPIA
By

Jim Cramer

 | Sep 22, 2016 | 3:25 PM EDT
And what happened to all those predicting a surprise rate hike?
RMPIA
By

Doug Kass

 | Sep 22, 2016 | 3:03 PM EDT
Mr. Market, though off the day's highs, is the "world's fair." S&P 500 futures are now up by about 35 handles from the Fed's comments. Fixed income stronger; the iShares Barclays 20+ Yr Treas. Bond ETF (TLT) up a beaner. The yields on the 10-year note (1.64%) and long bond are 3-4 basis points lower. Municipals and junk are well bid. Yield is flattening as the 2s/10s spread contrac
By

Tim Melvin

 | Sep 21, 2016 | 12:23 PM EDT
What bank execs are saying about rates, regulation and acquisitions. Plus 3 names to watch.
By

Jim Cramer

 | Sep 21, 2016 | 11:52 AM EDT
Jim Cramer says he doesn't expect huge downside for shares of Wells Fargo amid the company's fake bank account scandal.
By

Timothy Collins

 | Sep 21, 2016 | 11:30 AM EDT
The CEO answered more like a man trying to protect his job than one trying to protect his shareholders.
By

Doug Kass

 | Sep 21, 2016 | 9:21 AM EDT
On Fox, Warren Buffett says he'll remain silent on Wells Fargo (WFC) for now.
By

Doug Kass

 | Sep 21, 2016 | 7:23 AM EDT
His weak supervision and continued lack of accountability towards a problem that was likely systemic to the institution, His flatly denying and dismissing the notion that "cross selling" was at the core of management's objectives in order to improve profitability and get a higher stock price. That looks like a bald-faced lie as Wells Fargo allegedly cheated customers, The absence of a timely disclosure of an allegedly material fraudulent act, which was initially uncovered not by management but by the Los Angeles press, The fact that a senior member of management (whose principle responsibility was to supervise retail operations) has received a severance package greater than $100 million, without any apparent management consideration of a "clawback," That 5,300 low-paid employees have been let go and blamed by senior management as being "dishonest." Stumpf's explanation was that "they were talking to one another" -- and at a time when there were apparently no senior management firings entertained, Generally patronizing and poorly informed, even superficial, responses to the Congressional committee this morning, which largely hid behind a legal defense (e.g. his statements that "I am not on the compensation committee" or too many "I don't have that answer right now."). Watch What They Do, Not What They Say Unfortunately, not much in our domestic banking system has changed despite the lessons learned from the Great Recession of 2007-09, a time in which the global financial system almost went bankrupt. It is time for Warren Buffett of Berkshire Hathaway (BRK.B) to have a sit-down with the CEO of Wells Fargo (which is part of Jim Cramer's Action Alert PLUS). Stated simply, it is time for John G. Stumpf to go. I am avoiding Wells Fargo shares. Avoid Wells Fargo SEP 15, 2016 : 8:43 AM EDT "Everything we do is built on trust. It doesn't happen with one transaction, in one day on the job or in one quarter. It's earned relationship by relationship." --Wells Fargo's Visions and Values I promised several subscribers in the Comments Section that I would offer my views on Wells Fargo's (WFC) shares and on its management. The later will be a subject of a coming post that will include my reaction to CEO John Stumpf's weak defense on Jim "El Capitan" Cramer's "Mad Money" show. (Hint: The responsible members of senior management and of the board of directors should be forced out of the bank, post haste). Let me distill my view on WFC stock into one word: avoid. Wells Fargo's premium valuation is likely to be impaired over a period of time from the discovery of nearly two million fraudulent accounts. I have never really understood the premium valuation of the bank. To be sure, Wells Fargo has a vast and dominant franchise and deposit base. It is involved in one out of every three mortgages in the U.S. But, given that over the last five years the company's pretax income (before loan loss provisions) has made no progress, others may now question that premium valuation. Importantly, given the broad involvement of more than 5,000 employees, I would not be surprised if more untoward transactions were uncovered in discovery in the next several months, which would provide a further case for a contraction in the bank's valuation. Bottom line, I would stick with Bank of America (BAC) or Citigroup (C) if one is interested in exposure to the banking space. Buffett Will Likely Soon Break His Silence on Wells Fargo "Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm and I will be ruthless." --Warren Buffett, Salomon Brothers congressional testimony And here is a contrary thought. Given the si

bearishWells Fargo downgraded at JP Morgan

Sep 21, 2016 | 7:04 AM EDT
WFC was downgraded from Overweight to Neutral, JP Morgan said. $48 price target. Probes will likely expand and uncertainty is building.
By

James "Rev Shark" DePorre

 | Sep 20, 2016 | 4:28 PM EDT
Once the Fed and BOJ are out of the way there should be some opportunities to be more aggressive.

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