Date | Price Target | Rating | Analyst |
---|---|---|---|
9/6/2024 | $67.00 → $65.00 | Outperform | Evercore ISI |
9/3/2024 | $65.00 | Hold → Buy | Deutsche Bank |
4/9/2024 | $64.00 | Buy → Neutral | Compass Point |
3/27/2024 | $56.00 → $62.00 | Outperform → Mkt Perform | Keefe Bruyette |
1/18/2024 | Buy → Hold | Odeon | |
1/9/2024 | $51.00 | Buy → Hold | Deutsche Bank |
1/8/2024 | $55.00 | Outperform → Neutral | Robert W. Baird |
12/14/2023 | Hold → Buy | Odeon |
Broad suite of new API solutions will provide faster and more flexible inventory management, order processing, invoicing, accounts payable, and supply chain management Wells Fargo & Company (NYSE:WFC) today announced the launch of specialized Application Programming Interfaces (APIs) tailored for its Commercial Banking clients. This expansion of Wells Fargo's API portfolio provides immediate access to real-time data that may help increase sales, improve liquidity, reduce credit risk, and reduce expenses for floorplan and channel finance clients in the following industries: auto, motorsports, outdoor products and equipment, recreational vehicles, consumer electronics, appliances, and techno
- Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025- VWFS continues to lead VWGoA financing solutions for brand and dealer relationships while prioritizing consumer leasing and delivering usage-based products, including mobility solutions RESTON, Va. and SAN FRANCISCO, Sept. 16, 2024 /PRNewswire/ -- Volkswagen Financial Services (VWFS), the captive financial services arm of Volkswagen Group of America, and Wells Fargo (NYSE:WFC) today announced a multi-year co-branded agreement under which Wells Fargo will be the preferred purchase financing provider for the Volkswagen (VW), Audi, a
Wells Fargo & Company (NYSE:WFC) today issued the following statement regarding a formal agreement between Wells Fargo Bank, N.A. and the Office of the Comptroller of the Currency (OCC) related to the bank's anti-money laundering (AML) and sanctions risk management practices. The agreement's requirements include enhancements to AML and sanctions risk management practices, obtaining the OCC's acceptance of the bank's program for assessing the AML and sanctions risks of new offerings, and then providing notice to the OCC before expanding certain of those offerings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912035828/en/Well
Financial giants have made a conspicuous bearish move on Wells Fargo. Our analysis of options history for Wells Fargo (NYSE:WFC) revealed 25 unusual trades. Delving into the details, we found 48% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 18 were puts, with a value of $779,389, and 7 were calls, valued at $661,430. What's The Price Target? Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $67.5 for Wells Fargo during the past quarter. Analyzing Volume & Open Interest Looking at the volume and open interest is an insightful way to conduct due diligence on
Wells Fargo & Co (NYSE:WFC) shares are trading higher by roughly 0.8% to $59.63 during Tuesday’s session. Wells Fargo shares have been mostly flat for July after the company earlier this month reported second-quarter financial results. Analysts overall provided mixed reactions to the earnings report. Goldman Sachs’ Richard Ramsden maintained a Buy rating but lowered the price target from $71 to $64. Despite earnings of $1.33 per share beating the consensus of $1.25, core earnings were in line at $1.42 per share. Concerns were raised about a $350 million headwind to net interest income (NII) in 2024 due to repricing of wealth management sweep deposits. Analyst Gerard Cassidy rei
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Wells Fargo & Company (NYSE:WFC) announced today that Bridget Engle has been named Senior Executive Vice President (SEVP) and Head of Technology, reporting to Wells Fargo CEO Charlie Scharf and joining the company's Operating Committee, effective August 12, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730039323/en/Exterior view of a Wells Fargo branch (Photo: Wells Fargo) Engle will be responsible for all technology across the Company. She brings more than 30 years of experience managing large, global technology organizations in complex financial institutions. Engle joins Wells Fargo from BNY where she served as SEVP
Wells Fargo & Company (NYSE:WFC) announced today that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company's Operating Committee, effective today. Rivas and Jon Weiss, who has been CIB's CEO since February 2020, will lead the business together. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508507114/en/A Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) Rivas joins Wells Fargo after a nearly 30-year career at JP Morgan Chase & Company (JPMC). He was most recently JPMC's Head of North American Inv
Shareholders elect 13 director nominees, including one new independent director Wells Fargo & Company (NYSE:WFC) announced today that its shareholders elected as directors the 13 nominees named in the company's proxy statement, including a new independent director: Fabian T. Garcia. Upon his election, Garcia was appointed to the Board's Finance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430442738/en/Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) "I look forward to working with Fabian and the rest of the Board as we continue to transform Wells Fargo," said Wells Fargo CEO Charli
Wells Fargo & Company (NYSE:WFC) today announced dividends on six series of preferred stock. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240816435117/en/Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) 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. 16, 2024, to holders of record as of the close of business on Aug. 30, 2024. A quarterly cash divid
Wells Fargo & Company (NYSE:WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Sept. 1, 2024, to stockholders of record on Aug. 9, 2024. The third quarter dividend represents an increase of $0.05 per share, or 14%, from the prior quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722256999/en/Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) About Wells Fargo Wells Fargo & Company (NYSE:WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mor
Wells Fargo & Company (NYSE:WFC) has released its second quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on July 12, 2024, and available on the SEC's website at www.sec.gov. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711028288/en/Wells Fargo building (Photo: Wells Fargo) Conference call The company will host a live conference call on Friday, July 12, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U
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Evercore ISI reiterated coverage of Wells Fargo with a rating of Outperform and set a new price target of $65.00 from $67.00 previously
Deutsche Bank upgraded Wells Fargo from Hold to Buy and set a new price target of $65.00
Compass Point downgraded Wells Fargo from Buy to Neutral and set a new price target of $64.00