Wells Fargo & Company (NYSE:WFC) Research Coverage Started at HSBC

HSBC began coverage on shares of Wells Fargo & Company (NYSE:WFC) in a research note issued to investors on Monday, MarketBeat reports. The firm issued a buy rating and a $108.00 price objective on the financial services provider’s stock.

A number of other brokerages also recently issued reports on WFC. Bank of America boosted their price objective on Wells Fargo & Company from $95.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their target price on Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Truist Financial lifted their target price on Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Morgan Stanley boosted their price target on Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.86.

Wells Fargo & Company Trading Down 0.3%

WFC opened at $80.27 on Monday. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $86.49 and a 200-day moving average of $82.97. The stock has a market cap of $242.73 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. Wells Fargo & Company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Wells Fargo & Company will post 7.25 EPS for the current year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a dividend of $0.50 per share. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WFC. Legal & General Group Plc acquired a new position in Wells Fargo & Company during the second quarter worth $1,635,881,000. Bank of New York Mellon Corp bought a new position in shares of Wells Fargo & Company in the second quarter valued at $1,364,923,000. Deutsche Bank AG acquired a new position in shares of Wells Fargo & Company during the second quarter valued at about $859,431,000. Pzena Investment Management LLC acquired a new position in shares of Wells Fargo & Company during the second quarter valued at about $729,502,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Wells Fargo & Company during the second quarter worth about $620,861,000. Institutional investors own 75.90% of the company’s stock.

Key Headlines Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: S&P upgraded Wells Fargo’s credit rating to A- from BBB+. The rating agency cited improvements in governance, risk management, operational oversight and risk culture, following the Federal Reserve’s removal of the bank’s asset cap in 2025. The upgrade could reduce funding costs and support future balance-sheet growth. S&P upgrades Wells Fargo following risk management overhauls
• Positive Sentiment: Wells Fargo renewed and expanded its relationship with Intercontinental Exchange (NYSE: ICE) to use ICE’s MSP mortgage-loan servicing platform across its full home-loan servicing portfolio. The agreement reinforces Wells Fargo’s mortgage-servicing infrastructure and relationship with a major industry technology provider. ICE expands agreement with Wells Fargo
• Neutral Sentiment: Third-quarter earnings are approaching. Wells Fargo is expected to report before the market opens on October 13, with analysts forecasting approximately $1.85 in EPS and $22.34 billion in revenue. Investors will focus on net interest income, loan growth, credit costs and management’s outlook. Wells Fargo earnings preview
• Negative Sentiment: Wells Fargo warned that interest rates could remain elevated through 2027 if inflation stays persistent. Higher rates may support asset yields but can weaken loan demand, increase funding costs and raise credit risks. Wells Fargo warns rates could stay higher
• Negative Sentiment: Wells Fargo lowered its 2027 gold-price forecast because of interest-rate and U.S.-dollar strength risks. This is not a direct change to WFC’s earnings outlook, but it signals a more cautious macro view and may contribute to investor concern. Wells Fargo lowers gold price target

Wells Fargo & Company Company Profile

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.