Wells Fargo & Company (NYSE:WFC) Given New $94.00 Price Target at Keefe, Bruyette & Woods

Wells Fargo & Company (NYSE:WFC) had its price target decreased by Keefe, Bruyette & Woods from $98.00 to $94.00 in a report released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

WFC has been the topic of a number of other research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday. KGI Securities downgraded Wells Fargo & Company to a “hold” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on Wells Fargo & Company from $86.50 to $93.50 and gave the company a “neutral” rating in a research report on Monday, July 6th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.50.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $87.42 on Wednesday. The company has a market capitalization of $267.52 billion, a PE ratio of 12.71, a P/E/G ratio of 0.98 and a beta of 0.92. The company has a 50 day simple moving average of $81.03 and a two-hundred day simple moving average of $83.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last issued its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts anticipate that Wells Fargo & Company will post 6.98 earnings per share for the current year.

Wells Fargo & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.

Institutional Investors Weigh In On Wells Fargo & Company

Hedge funds and other institutional investors have recently made changes to their positions in the business. Waddell & Associates LLC raised its holdings in shares of Wells Fargo & Company by 64.1% in the 2nd quarter. Waddell & Associates LLC now owns 16,773 shares of the financial services provider’s stock worth $1,386,000 after acquiring an additional 6,552 shares during the last quarter. AMI Investment Management Inc. boosted its stake in Wells Fargo & Company by 7.7% during the 2nd quarter. AMI Investment Management Inc. now owns 28,016 shares of the financial services provider’s stock valued at $2,315,000 after purchasing an additional 2,003 shares during the last quarter. Independent Financial Group LLC boosted its stake in Wells Fargo & Company by 15.2% during the 2nd quarter. Independent Financial Group LLC now owns 24,711 shares of the financial services provider’s stock valued at $2,042,000 after purchasing an additional 3,263 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Wells Fargo & Company by 0.7% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 218,006 shares of the financial services provider’s stock worth $18,016,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Wells Fargo & Company by 18.2% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,493 shares of the financial services provider’s stock worth $1,280,000 after purchasing an additional 2,389 shares during the last quarter. 75.90% of the stock is owned by institutional investors.

Key Stories Impacting Wells Fargo & Company

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

• Positive Sentiment: Wells Fargo posted Q2 EPS of about $2.00, topping estimates, while revenue of $22.62 billion also beat forecasts, reinforcing the earnings momentum. Wells Fargo & Co (WFC) Q2 2026 Earnings Call Highlights: Strong Earnings and Revenue Growth …
• Positive Sentiment: Results were helped by rising interest income, loan growth, fee income, and stronger performance in investment banking and wealth management, all of which support a better earnings outlook. Wells Fargo Profit Beats Estimates on Wealth, Investment Banking
• Positive Sentiment: The company plans to raise its third-quarter common dividend by 11% to $0.50 and continue buybacks, signaling confidence in capital strength and shareholder returns. Wells Fargo intends to hike Q3 common stock dividend by 11% to $0.50
• Positive Sentiment: Analysts turned more constructive, with at least one firm reiterating a Buy rating and another upgrade citing NII growth, loan growth, and buybacks as reasons for re-rating potential. Wells Fargo: Buy Rating Reiterated as Analyst Sees Re-Rating Potential and Keeps $102 Price Target Unchanged
• Neutral Sentiment: Wells Fargo is expanding its Chicago presence with more branches, a long-term growth move that may help deposits and customer acquisition but is unlikely to move the stock immediately. Wells Fargo & Co. strengthening foothold in Chicago with more branches
• Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $94 from $98 while keeping a Market Perform rating, which tempers some of the post-earnings enthusiasm. Benzinga report on Wells Fargo price target cut
• Negative Sentiment: Management acknowledged pressure on net interest margin, indicating that earnings growth may not be linear even with strong loan and fee trends. WFC Q2 Earnings Call Highlights Growth Push Amid NIM Pressure

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.