Wells Fargo & Company (NYSE:WFC) had its price objective raised by stock analysts at JPMorgan Chase & Co. from $99.00 to $99.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.27% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Wolfe Research restated an “outperform” rating and set a $109.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their target price on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Wells Fargo & Company in a research note on Thursday, January 15th. Morgan Stanley raised their price objective on Wells Fargo & Company from $95.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Dbs Bank raised Wells Fargo & Company to a “moderate buy” rating in a report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.29.
View Our Latest Analysis on WFC
Wells Fargo & Company Stock Down 2.9%
Wells Fargo & Company (NYSE:WFC – Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping 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 $11.97 billion for the quarter, compared to the consensus estimate of $21.63 billion. During the same quarter last year, the company posted $1.43 earnings per share. Wells Fargo & Company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Wells Fargo & Company will post 5.89 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Wealth Group LLC boosted its position in Wells Fargo & Company by 2.5% in the fourth quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock valued at $421,000 after buying an additional 108 shares in the last quarter. Nixon Peabody Trust Co. increased its holdings in shares of Wells Fargo & Company by 3.6% during the fourth quarter. Nixon Peabody Trust Co. now owns 3,351 shares of the financial services provider’s stock worth $312,000 after buying an additional 115 shares in the last quarter. Simmons Bank increased its holdings in shares of Wells Fargo & Company by 1.9% during the fourth quarter. Simmons Bank now owns 6,359 shares of the financial services provider’s stock worth $593,000 after buying an additional 116 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Wells Fargo & Company by 1.0% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock valued at $1,123,000 after acquiring an additional 117 shares during the last quarter. Finally, Main Street Group LTD boosted its holdings in shares of Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. 75.90% of the stock is owned by institutional investors.
Wells Fargo & Company News Roundup
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: JPMorgan raised its price target on WFC to $99.50 (from $99.00) while keeping a “neutral” rating; the higher PT signals incremental upside but no change in conviction. Article Title
- Positive Sentiment: Analyst consensus remains favorable — brokerages’ average recommendation is “Moderate Buy,” supporting medium-term demand for the shares. Read More.
- Neutral Sentiment: Wells Fargo presented at the UBS Financial Services Conference — investor takeaways from the transcript will matter for guidance and capital plans, but the presentation alone produced no clear market-moving surprise. Read More.
- Neutral Sentiment: Research pieces evaluating Wells Fargo preferred stock and peer comparisons (Nomura) provide detail for fixed-income and comparative investors but are unlikely to drive large, immediate equity moves. Read More. — Read More.
- Neutral Sentiment: Wells Fargo research commentary on broader consumer trends (e.g., GLP‑1 driven shifts toward protein snacks) highlights the firm’s economic research visibility but is indirect for WFC equity performance. Read More.
- Negative Sentiment: A high-profile customer dispute — Wells Fargo refused to refund a $28K tax payment after a check was stolen — can amplify reputational and litigation concerns and may pressure sentiment among retail investors. Read More.
Wells Fargo & Company Company Profile
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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