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Wells Fargo & Co WFC Stock Quote

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Last close prices updated as of Feb 06, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 47.68
  • Sector Financial Services
  • Industry Banks - Diversified
  • Investment Style Large Value
  • Day Range 47.15  –  47.76
  • Year Range 36.54  –  60.30
  • Market Cap 182.7958 Bil
  • Volume / Avg 15.9 Mil /  17.7 Mil
  • Price / Sales 2.47
  • Price / Book 1.14
  • Forward Div Yield 2.52%
  • Trailing Div Yield 2.94%

Morningstar‘s Stock Analysis WFC

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Circling Back on Wells Fargo After Q4 Earnings; Maintaining Our Fair Value Estimate of $58

Eric Compton Strategist

Business Strategy and Outlook

| Eric Compton |

Wells Fargo remains in the middle of a multiyear rebuild. The bank is still under an asset cap imposed by the Federal Reserve and we don't see this restriction coming off in 2023. Wells Fargo has years of expense savings related projects ahead of it as the bank attempts to get its efficiency ratio back under 60%. We also see a multiyear journey of repositioning and investing in the firm's existing franchises, including growing its middle market investment banking wallet share, investing in the cards franchise, and revitalizing a wealth segment that has lost advisors for years. These tasks take on increased importance for a bank that has been on defense for years after its fake accounts scandal broke in late 2016. We're already starting to see glimpses of the transition to offense from defense with the launch of multiple new card products, advisors not declining for the first time in years in fourth-quarter 2022, and the $2.2 billion of incremental internal investments in 2023 (a step up from the $1.7 billion goal from 2022). Even so, while the bank is making progress, we expect a multiyear journey remains.

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Key Statistics WFC

Company Profile WFC

Business Description

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

420 Montgomery Street
San Francisco, CA, 94104
Industry Banks - Diversified
Employees 239,209

Related Articles WFC

FAQs for Wells Fargo & Co Stock

Yes. WFC has a forward dividend yield of 2.52%. See WFC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

WFC’s market cap is 182.80 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

WFC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

WFC’s price/sales is 2.47.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

WFC’s price/forward earnings is 9.86.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

WFC’s price/book is 1.14.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See WFC’s valuation ratios compared to the Market Index.

WFC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare WFC’s historical performance against its industry peers and the overall market.