Wells Fargo & Company (WFC) to Release Quarterly Earnings on Tuesday

Wells Fargo & Company (NYSE:WFC) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 15th. Analysts expect the company to announce earnings of $1.41 per share and revenue of $20.83 billion for the quarter.

Wells Fargo & Company (NYSE:WFC) last announced its earnings results on Friday, April 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. The company had revenue of $20.15 billion for the quarter, compared to analyst estimates of $20.82 billion. Wells Fargo & Company had a return on equity of 12.15% and a net margin of 16.19%. Wells Fargo & Company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, analysts expect Wells Fargo & Company to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Wells Fargo & Company Stock Down 1.5%

Shares of Wells Fargo & Company stock opened at $82.34 on Tuesday. The stock’s fifty day moving average is $75.60 and its 200-day moving average is $73.59. The firm has a market capitalization of $267.95 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $83.95.

Wells Fargo & Company declared that its Board of Directors has authorized a share repurchase plan on Tuesday, April 29th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 17.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wells Fargo & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, June 1st. Stockholders of record on Friday, May 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 9th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 28.73%.

Hedge Funds Weigh In On Wells Fargo & Company

A hedge fund recently raised its stake in Wells Fargo & Company stock. Brighton Jones LLC lifted its stake in Wells Fargo & Company (NYSE:WFC) by 62.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,233 shares of the financial services provider’s stock after buying an additional 25,436 shares during the period. Brighton Jones LLC’s holdings in Wells Fargo & Company were worth $4,652,000 at the end of the most recent reporting period. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup boosted their target price on Wells Fargo & Company from $78.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. TD Cowen began coverage on Wells Fargo & Company in a research note on Thursday, May 15th. They set a “hold” rating and a $83.00 price target for the company. Raymond James Financial downgraded Wells Fargo & Company from a “strong-buy” rating to a “market perform” rating in a research note on Monday. Royal Bank Of Canada upgraded Wells Fargo & Company from a “sector perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Thursday, March 13th. Finally, Truist Financial decreased their target price on Wells Fargo & Company from $84.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.33.

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.