Bank of America Issues Positive Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price

Wells Fargo & Company (NYSE:WFC) had its price objective hoisted by Bank of America from $95.00 to $102.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price objective indicates a potential upside of 16.66% from the company’s previous close.

A number of other brokerages also recently weighed in on WFC. Truist Financial upped their target price on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a report on Friday, June 26th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a research report on Wednesday, April 15th. HSBC upgraded shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, April 1st. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Jefferies Financial Group initiated coverage on shares of Wells Fargo & Company in a research note on Thursday, March 26th. They issued a “buy” rating and a $100.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.34.

Wells Fargo & Company Stock Down 0.0%

Shares of WFC traded down $0.01 during mid-day trading on Tuesday, reaching $87.44. The company’s stock had a trading volume of 1,398,124 shares, compared to its average volume of 16,801,367. The company has a market cap of $267.57 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The business has a fifty day moving average of $80.05 and a 200 day moving average of $84.17. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.12. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. The firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.Wells Fargo & Company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.39 earnings per share. As a group, analysts forecast that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Institutional Trading of Wells Fargo & Company

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Diversified Trust Co. lifted its stake in shares of Wells Fargo & Company by 59.7% in the fourth quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock worth $3,289,000 after buying an additional 13,196 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Wells Fargo & Company by 19.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock worth $49,610,000 after acquiring an additional 84,902 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Wells Fargo & Company by 4.2% during the fourth quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock valued at $32,673,000 after acquiring an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Wells Fargo & Company by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after purchasing an additional 17,302 shares during the period. Finally, Achmea Investment Management B.V. lifted its position in shares of Wells Fargo & Company by 12.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 283,582 shares of the financial services provider’s stock worth $23,770,000 after purchasing an additional 32,094 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: UBS slightly lowered its price target on Wells Fargo to $104 from $105, but kept a Buy rating, which still implies meaningful upside from current levels and may support sentiment. Benzinga report on UBS price target cut
• Positive Sentiment: Wells Fargo reaffirmed that it will report second-quarter 2026 earnings on July 14, keeping attention on the bank’s upcoming results and guidance. Business Wire earnings announcement
• Neutral Sentiment: JPMorgan previously raised its price target on Wells Fargo to $93.50 while keeping a Neutral rating, reinforcing that analysts see some room for upside but remain mixed on the stock. Tickerreport JPMorgan target raise
• Neutral Sentiment: Broader bank-sector commentary points to a potentially strong quarter for Wall Street lenders, with trading and advisory activity boosted by the SpaceX IPO and other deal activity, which could be a tailwind for WFC if it shows up in earnings. Reuters article on bank earnings

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.