Seaport Res Ptn Issues Negative Forecast for WFC Earnings

Wells Fargo & Company (NYSE:WFC) – Equities researchers at Seaport Res Ptn cut their Q2 2025 earnings estimates for shares of Wells Fargo & Company in a research note issued to investors on Saturday, April 12th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $1.44 per share for the quarter, down from their previous estimate of $1.48. The consensus estimate for Wells Fargo & Company’s current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company’s Q3 2025 earnings at $1.52 EPS, Q2 2026 earnings at $1.67 EPS and FY2026 earnings at $6.75 EPS.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Wells Fargo & Company had a net margin of 15.73% and a return on equity of 12.38%. The firm had revenue of $20.15 billion for the quarter, compared to the consensus estimate of $20.82 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis.

WFC has been the topic of several other research reports. Keefe, Bruyette & Woods upped their target price on Wells Fargo & Company from $81.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their target price on shares of Wells Fargo & Company from $82.00 to $73.50 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Piper Sandler reduced their price target on shares of Wells Fargo & Company from $77.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America dropped their price objective on shares of Wells Fargo & Company from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada upgraded Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.34.

Wells Fargo & Company Stock Performance

WFC opened at $64.58 on Tuesday. Wells Fargo & Company has a 1-year low of $50.15 and a 1-year high of $81.50. The stock has a market cap of $210.87 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.18 and a beta of 1.02. The stock’s 50 day simple moving average is $72.15 and its 200 day simple moving average is $70.97. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.86 and a quick ratio of 0.85.

Hedge Funds Weigh In On Wells Fargo & Company

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of Wells Fargo & Company during the 4th quarter valued at $26,000. Investment Counsel Co. of Nevada purchased a new stake in shares of Wells Fargo & Company in the fourth quarter worth about $28,000. BNP Paribas acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at about $28,000. Modus Advisors LLC purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at about $30,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Wells Fargo & Company during the 4th quarter worth approximately $30,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 2.48%. Wells Fargo & Company’s dividend payout ratio is presently 28.73%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.