Wells Fargo & Company (NYSE:WFC) had its target price reduced by investment analysts at Truist Financial from $98.00 to $94.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price points to a potential upside of 22.93% from the company’s previous close.
A number of other brokerages have also issued reports on WFC. HSBC reaffirmed a “hold” rating and set a $74.00 price target on shares of Wells Fargo & Company in a research note on Wednesday, January 7th. Argus boosted their price objective on Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. CICC Research began coverage on Wells Fargo & Company in a report on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 price objective for the company. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price for the company in a research note on Friday, February 13th. Finally, TD Cowen lowered their target price on Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.
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Wells Fargo & Company Price Performance
Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business had revenue of $21.29 billion during the quarter, compared to analysts’ expectations of $21.63 billion. During the same period last year, the firm posted $1.43 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Wells Fargo & Company will post 5.89 earnings per share for the current year.
Insider Activity
In related news, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total value of $2,613,000.00. Following the sale, the executive vice president owned 83,478 shares of the company’s stock, valued at $7,270,933.80. The trade was a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ellen R. Patterson sold 60,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the completion of the transaction, the executive vice president directly owned 169,496 shares of the company’s stock, valued at $14,813,950.40. This trade represents a 26.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 115,000 shares of company stock worth $10,050,000. 0.08% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Wells Fargo & Company
A number of institutional investors have recently added to or reduced their stakes in WFC. Norges Bank acquired a new stake in Wells Fargo & Company in the 2nd quarter valued at $3,990,551,000. Capital Research Global Investors increased its position in shares of Wells Fargo & Company by 18.6% during the 3rd quarter. Capital Research Global Investors now owns 35,660,903 shares of the financial services provider’s stock worth $2,989,104,000 after purchasing an additional 5,584,930 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in Wells Fargo & Company by 177.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock valued at $454,455,000 after buying an additional 3,120,399 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Wells Fargo & Company during the third quarter worth approximately $215,638,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Wells Fargo & Company by 13.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after acquiring an additional 2,369,260 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Wells Fargo & Company
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Zacks argues Wells Fargo’s strong liquidity and credit profile should allow it to sustain rising dividends and large buybacks, which supports shareholder returns and valuation. Is Wells Fargo Well-Positioned to Sustain Its Capital Return Strategy?
- Positive Sentiment: The NAHB/Wells Fargo Housing Market Index ticked up in March, modestly improving homebuilder confidence — a small tailwind for mortgage and consumer-credit volumes tied to bank revenue. U.S. Homebuilder Confidence Improves Modestly In March
- Neutral Sentiment: Wells Fargo research activity — including initiating coverage on Polaris (Equal Weight) and raising its price target on Merck — signals ongoing investment-banking/analyst revenue but doesn’t materially change Wells Fargo’s own fundamentals. Wells Fargo Initiates Polaris (PII), Flags Tariffs and Soft Demand as Key Risks
- Neutral Sentiment: Coverage notes where Wells Fargo analysts weigh in on other names (e.g., Nvidia commentary, Micron price-target change) are reputational positives for its research franchise but are indirect for WFC equity performance. Nvidia Stock Remains ‘Rangebound’ – Can GTC 2026 Break the Trend? Wells Fargo Weighs In
- Negative Sentiment: Evercore ISI reiterated a Buy on WFC but lowered its price target (from $105 to $98), a near-term headwind for upside expectations and a signal that some analysts see less upside than before. Evercore ISI Lowers PT on Wells Fargo (WFC) Keeps a Buy Rating
- Negative Sentiment: A TalkMarkets piece flags rising market concern around private-credit and shadow-banking stress affecting large banks, naming Wells Fargo as exposed to sector sentiment risk — a factor that can amplify short-term volatility. Now It’s Wells Fargo And Deutsche Bank
About Wells Fargo & Company
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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