Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. 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 and Investment Management. Wells Fargo ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.
IPO Year:
Exchange: NYSE
Website: wellsfargo.com
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 |
12/14/2023 | Hold → Buy | Odeon | |
9/7/2023 | $45.00 | Hold | HSBC Securities |
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/20250214787310/en/Exterior of a Wells Fargo bank. (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 March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025. A quarterly cash dividend of $351.56 per share w
Wells Fargo & Company (NYSE:WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company's compliance risk management program. This is the tenth consent order closed by Wells Fargo's regulators since 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250213194465/en/Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) Charlie Scharf, Wells Fargo's CEO, said of today's news: "We are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action. This development, along
Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, today announced that Wells Fargo (NYSE:WFC) has launched a commercial banking platform designed to improve bankers' ability to serve commercial clients, and increase collaboration and efficiency. "Wells Fargo is committed to delivering superior value to our commercial banking clients," said Mary Katherine Dubose, EVP and Head of Commercial Banking Specialized Industries, Wells Fargo. "We are excited to partner with Q2 on this important initiative and to have successfully completed the initial phases of Q2's implementation. This new solution enables our teams to serve our customers
NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as sole lead arranger and book-runner for a $215.0 million credit facility in support of a new loan origination to facilitate the ongoing growth of FFF Enterprises, Inc. ("FFF"), a founder-owned company. In connection with the transaction, Wells Fargo continues to lead a $904.0 million Wells Fargo-agented asset-based loan.
Wells Fargo & Company (NYSE:WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding the company's legacy mortgage servicing activities and a 2011 consent order regarding its legacy Wells Fargo Financial business. Wells Fargo's regulators have now closed nine consent orders since 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204523308/en/Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) Charlie Scharf, Wells Fargo's CEO since 2019, said of today's news: "I am happy to confirm that the Federal Reserve has te
Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Conference on Tuesday, Feb. 11, 2025 at 8:50 a.m. ET. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204115834/en/Facade of a Wells Fargo bank branch in Manhattan (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 approximately $1.
Companies optimistic about their businesses and the economy Wells Fargo today released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3 2024, but reached the highest sentiment index score, 112.9, recorded in the past four years (up from 102.3 in Q3 2024). Between November 15 – November 22, 2024, 307 commercial companies with annual revenues ranging from $10 million to $500 million were surveyed about the state of their businesses, the economy, growth opportunities, and areas of concern. This press rel
Fernando Rivas takes over as CEO of Corporate & Investment Banking, effective immediately Wells Fargo & Company (NYSE:WFC) announced today that Jon Weiss, Co-CEO of Corporate & Investment Banking (CIB), has informed the company of his intention to retire. Weiss, who has been with Wells Fargo for nearly 20 years, will step down as Co-CEO effective immediately and will formally retire on June 1, 2025. Fernando Rivas, who joined Wells Fargo in May 2024 as Co-CEO of CIB, will become CIB's sole CEO. "Jon has a long and distinguished track record of success in financial services, and he has made a lasting impact on Wells Fargo," said Charlie Scharf, Wells Fargo's CEO. "Since Jon started leadi
Wells Fargo & Company (NYSE:WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable March 1, 2025, to stockholders of record on Feb. 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128049304/en/Exterior of a Wells Fargo bank. (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 operating segments
Wells Fargo & Company (NYSE:WFC) today announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer deposit accounts, and mortgage lending has terminated. This is the seventh consent order closed by Wells Fargo's regulators since 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128288128/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 mortgag
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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
Compass Point downgraded Wells Fargo from Buy to Neutral and set a new price target of $64.00
Keefe Bruyette downgraded Wells Fargo from Outperform to Mkt Perform and set a new price target of $62.00 from $56.00 previously
Odeon downgraded Wells Fargo from Buy to Hold
Deutsche Bank downgraded Wells Fargo from Buy to Hold and set a new price target of $51.00
Robert W. Baird downgraded Wells Fargo from Outperform to Neutral and set a new price target of $55.00
Odeon upgraded Wells Fargo from Hold to Buy
HSBC Securities initiated coverage of Wells Fargo with a rating of Hold and set a new price target of $45.00
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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/20250214787310/en/Exterior of a Wells Fargo bank. (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 March 17, 2025, to holders of record as of the close of business on Feb. 28, 2025. A quarterly cash dividend of $351.56 per share w
Wells Fargo & Company (NYSE:WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable March 1, 2025, to stockholders of record on Feb. 7, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128049304/en/Exterior of a Wells Fargo bank. (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 operating segments
Wells Fargo & Company (NYSE:WFC) has released its fourth 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 Jan. 15, 2025, 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/20250114415998/en/Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo) Conference call The company will host a live conference call on Wednesday, Jan. 15, at 10:00 a.m. Eastern time. You may listen
Wells Fargo & Company (NYSE:WFC), as previously announced, will report its fourth quarter 2024 earnings results on Wednesday, Jan. 15, 2025, 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/20250108997545/en/Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) The company wi
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/20241115857817/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 Dec. 16, 2024, to holders of record as of the close of business on Nov. 29, 2024. A quarterly cash divide
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
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) 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) announced today that Jason M. Rosenberg will join the company on April 15 as Head of Public Affairs, reporting to CEO Charlie Scharf and joining the company's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240410934489/en/(Photo: Wells Fargo) As Head of Public Affairs, Rosenberg will have responsibility for the company's Corporate Communications, Corporate Marketing, Government Relations and Public Policy, Philanthropy and Community Impact, and Sustainability groups. Rosenberg has extensive experience in finance and public policy. He joins Wells Fargo from Block, Inc., whic
Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28. Braunstein brings a broad set of financial services experiences to Wells Fargo, with particular expertise in serving as an advisor to boards and CEOs on strategic alternatives. At Wells Fargo, Doug will work alongside our business leaders and bankers on growing the company's corporate finance and advisory businesses, while also providing counsel to Wells Fargo senior management on broader business issues. He will report to CEO Charlie Scharf. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240227742
Wells Fargo today announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East. Nides joined the company in September after retiring in July as U.S. Ambassador to Israel, a post he had held since 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231027595708/en/Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) William M. Daley, Wells Fargo's Vice Chairman of Public Affairs until last month, will return to his prior role, effective immediately. The company will re-start a search for Daley's replacement in the coming weeks. Nides s
Wells Fargo & Company (NYSE:WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230922907701/en/(Photo: Wells Fargo) As Vice Chairman, Tom will have a broad role across the company. He will be a close advisor to Wells Fargo senior management on a range of issues, including banking and management, and he will work alongside the company's business heads as it continues to expand client relationships. The company's Public Affairs function – which includes Government R
Wells Fargo today announced that William M. Daley, the company's vice chairman of Public Affairs, will retire at the end of this year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead Public Affairs, a newly created corporate function spanning Government Relations, Corporate Communications, Corporate Branding, Community Relations, the Wells Fargo Foundation, and other areas. "Bill has been an invaluable asset to the company," said Charlie Scharf, Wells Fargo's CEO and president. "During his time at Wells Fargo, we've strengthened our relationships with the communities we serve; established new programs in housing, small business, and other areas that have had an impact on hundre
Santos has served as the company's head of Diverse Segments, Representation and Inclusion since November 2020 Wells Fargo announced today that Kleber Santos has been appointed the company's CEO of Consumer Lending, effective immediately. Santos will lead all aspects of Wells Fargo's Consumer Lending business, including Home Lending, Auto, Credit Cards and Merchant Services, and Personal Lending. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220710005080/en/Kleber Santos, CEO of Consumer Lending (Photo: Wells Fargo) Santos has served as the company's head of Diverse Segments, Representation and Inclusion (DSRI) since November 20
Wells Fargo & Company today announced that Sol Gindi is the new head of Wells Fargo Advisors (WFA) and head of the Wealth & Investment Management (WIM) Client Relationship Group, reporting to Barry Sommers, head of WIM. In this role, Gindi will lead the Wells Fargo brokerage and wealth management channels, the independent business, and First Clearing. Every advisor leading a client relationship reports up to him. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220513005446/en/Sol Gindi of Wells Fargo (Photo: Wells Fargo) Jim Hays, who has been in this role since July 2019, has announced his retirement after 35 years in financial s