Wells FargoWFC
WFC
About: Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Employees: 226,000
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 10 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more first-time investments, than exits
New positions opened: 166 | Existing positions closed: 156
1% less funds holding
Funds holding: 2,217 [Q2] → 2,195 (-22) [Q3]
1.68% less ownership
Funds ownership: 78.43% [Q2] → 76.75% (-1.68%) [Q3]
9% less capital invested
Capital invested by funds: $163B [Q2] → $148B (-$14.8B) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 762 | Existing positions reduced: 913
20% less funds holding in top 10
Funds holding in top 10: 75 [Q2] → 60 (-15) [Q3]
22% less call options, than puts
Call options by funds: $2.98B | Put options by funds: $3.84B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$75
4%
downside
Avg. target
$84
7%
upside
High target
$92
18%
upside
10 analyst ratings
6 positive
60%
4 neutral
40%
0 negative
0%
Barclays Jason Goldberg 69% 1-year accuracy 37 / 54 met price target | 18%upside $92 | Overweight Maintained | 16 Jan 2025 |
Morgan Stanley Betsy Graseck 78% 1-year accuracy 43 / 55 met price target | 13%upside $88 | Overweight Maintained | 16 Jan 2025 |
Keefe, Bruyette & Woods David Konrad 79% 1-year accuracy 23 / 29 met price target | 10%upside $86 | Market Perform Maintained | 16 Jan 2025 |
Truist Securities John McDonald 0 / 0 met price target | 9%upside $85 | Buy Maintained | 16 Jan 2025 |
Compass Point David Rochester 63% 1-year accuracy 15 / 24 met price target | 7%upside $83 | Neutral Maintained | 10 Dec 2024 |
Financial journalist opinion
Based on 107 articles about WFC published over the past 30 days
Positive
See It Market
6 hours ago
Bank Stocks Lead Market Higher On Q4 Earnings; CEO Sentiment Improves
Banks Send a Bullish Signal to Markets Big US banks marked the beginning of the Q4 earnings season when they released results last week, and overall they were positive. Because of their position opening up the earnings season they tend to set the tone for things to come.
Positive
Zacks Investment Research
10 hours ago
ETFs to Play Upbeat Bank Earnings
Last week witnessed the releases of most big bank earnings of this season. Results were upbeat.
Positive
Reuters
14 hours ago
Wells Fargo hires JPMorgan executive as head of cards and merchant services
U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately.
Neutral
Zacks Investment Research
15 hours ago
4 PEG-Based Value Stocks to Neutralize Trump 2.0-Led Market Volatility
Here are four PEG-driven value stocks, WFC, EXEL, DAL and GBX, which qualify our screening criteria.
Neutral
Business Wire
15 hours ago
Wells Fargo Names Ed Olebe as Head of Cards and Merchant Services
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Ed Olebe has been named the company's new head of Cards and Merchant Services, effective immediately. Olebe joins Wells Fargo from JPMorgan Chase, where he served as president of Branded Cards. “Ed's industry expertise and deep experience will be invaluable to Wells Fargo as we continue to grow our credit card business and expand our payment capabilities across Merchant Services,” said Kleber Santos, CEO.
Positive
Seeking Alpha
21 hours ago
Wells Fargo: Likely Fairly Valued (Rating Upgrade)
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance and a 1.2% Q/Q increase in net interest income. Despite an improved net interest income outlook for FY 2025, I maintain a hold rating due to Wells Fargo's high valuation relative to book value. Wells Fargo's balance sheet quality remained solid with declining credit provisions, but commercial real estate exposure poses some risk.
Positive
Zacks Investment Research
1 day ago
Best Income Stocks to Buy for January 20th
TV and WFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 20, 2025.
Positive
Yahoo Finance
4 days ago
Bank profit growth is just beginning: CFRA analyst
The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) reported a combined 19% increase in net income for 2024. CFRA Research Director of Global Fundamental Research Ken Leon joins Market Domination to offer his analysis on the banking industry's outlook.
Neutral
CNBC Television
4 days ago
Jim Cramer breaks down Big Banks earnings
'Mad Money' host Jim Cramer looks at the recent slate of bank earnings.
Positive
Kiplinger
4 days ago
The Best Financial Stocks to Buy
Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio.
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