Wells Fargo & Company which can be found using ticker (WFC) now have 24 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 65 and 36 suggesting an average Analsyt target price of $48.59. Given that the stocks previous close was at $39.66 this indicates there is a potential upside of 22.5%. The day 50 moving average is $42.45 while the 200 day moving average is $43.33. The company has a market cap of $151,972m. You can visit the company’s website by visiting: https://www.wellsfargo.com
The potential market cap would be $186,190m based on the market consensus.
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Its serves to independent offices and consumer banks. The company was founded in 1852 and is headquartered in San Francisco, California.
The company has a dividend yield of 3.03% with the ex dividend date set at 2-2-2023 (DMY).
Other points of data to note are a P/E ratio of 11.36, revenue per share of 19.31 and a 0.72% return on assets.
