Wolfe Research upgraded Wells Fargo from Peer Perform to Outperform and set a new price target of $65.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/8/2024 | $65.00 | Peer Perform → Outperform | Wolfe Research |
| 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 |
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
Wolfe Research upgraded Wells Fargo from Peer Perform to Outperform and set a new price target of $65.00
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
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10-Q - WELLS FARGO & COMPANY/MN (0000072971) (Filer)
8-K - WELLS FARGO & COMPANY/MN (0000072971) (Filer)
Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer Mike Santomassimo will present at the BancAnalysts Association of Boston Conference on Thursday, Nov. 7, 2024 at 8:10 a.m. ET. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031466955/en/Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) The live webcast will be available online at https://www.wellsfargo.com/about/investor-relations/events/. A replay of the webcast will be available for three months following the presentation. About Wells Fargo Wells Fargo & Company (NYSE:WFC) is a leading financial services company that has
Debit and credit cards issued by Wells Fargo can now be used in a new online checkout solution Wells Fargo (NYSE:WFC) today announced that it now offers PazeSM,1 a new online checkout solution to all customers with eligible credit and debit cards. Paze is an easy and convenient way to shop online, combining customers' eligible credit and debit cards into a new online checkout solution. Paze features added security because it replaces a card number with a different number, so the 16-digit card number is not shared with the online merchant. Wells Fargo customers can activate Paze in the Wells Fargo Mobile® app,2 or when checking out at a participating online merchant's website. In addition
Wells Fargo & Company (NYSE:WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Dec. 1, 2024, to stockholders of record on Nov. 8, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021504877/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 mortgage products and services, as well as consumer and commercial finance, through our four reportable oper
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SC 13G/A - WELLS FARGO & COMPANY/MN (0000072971) (Filed by)
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4 - WELLS FARGO & COMPANY/MN (0000072971) (Issuer)
4 - WELLS FARGO & COMPANY/MN (0000072971) (Issuer)
Wells Fargo & Company (NYSE:WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Dec. 1, 2024, to stockholders of record on Nov. 8, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021504877/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 mortgage products and services, as well as consumer and commercial finance, through our four reportable oper
Wells Fargo & Company (NYSE:WFC) has released its third 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 Oct. 11, 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/20241010140725/en/Exterior of a Wells Fargo bank. (Photo: Wells Fargo) Conference call The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673
Wells Fargo & Company (NYSE:WFC), as previously announced, will report its third quarter 2024 earnings results on Friday, Oct. 11, 2024, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241004252950/en/Facade of a Wells Fargo bank branch in Manhattan. (Photo: Wells Fargo) The company will h
4 - WELLS FARGO & COMPANY/MN (0000072971) (Issuer)
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