Wells Fargo & Company (NYSE:WFC) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of Wells Fargo & Company (NYSE:WFC) in a research report released on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $95.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on WFC. Morgan Stanley upgraded Wells Fargo & Company from an “equal weight” rating to an “overweight” rating and set a $102.00 price target for the company in a report on Monday, October 5th. Keefe, Bruyette & Woods cut their price objective on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group decreased their price objective on Wells Fargo & Company from $107.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, HSBC started coverage on shares of Wells Fargo & Company in a report on Monday, September 28th. They set a “buy” rating and a $108.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company has a consensus rating of “Moderate Buy” and an average price target of $99.47.

Wells Fargo & Company Stock Up 2.0%

Shares of NYSE:WFC opened at $83.67 on Thursday. The company has a 50 day moving average price of $85.83 and a two-hundred day moving average price of $83.18. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $253.01 billion, a PE ratio of 12.16, a PEG ratio of 0.89 and a beta of 0.96. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion for the quarter, compared to analysts’ expectations of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. Analysts forecast that Wells Fargo & Company will post 7.27 earnings per share for the current year.

Wells Fargo & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 7th. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WFC. Phillip James Consulting Co. acquired a new position in Wells Fargo & Company during the 1st quarter worth approximately $28,000. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of Wells Fargo & Company in the second quarter valued at approximately $28,000. Main Street Group LTD acquired a new stake in shares of Wells Fargo & Company in the first quarter valued at approximately $29,000. Dunhill Financial LLC bought a new stake in shares of Wells Fargo & Company in the second quarter worth $30,000. Finally, Portus Wealth Advisors LLC bought a new stake in shares of Wells Fargo & Company in the first quarter worth $33,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company News Summary

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

• Positive Sentiment: Potential crypto-trading partnership: Wells Fargo is reportedly in discussions with Payward, the parent of Kraken, to source liquidity for institutional crypto trading. A deal could expand WFC’s digital-asset services and wealth-management offering, although negotiations remain unconfirmed. WFC Eyes Crypto Trading Expansion: Will It Boost Digital Strategy?
• Positive Sentiment: Constructive earnings outlook: Analysts expect third-quarter 2026 results to benefit from higher net interest income, investment-banking fees and asset-based fees. Investors will also watch asset quality and credit costs when WFC reports. Wells Fargo Q3 Earnings on the Deck
• Positive Sentiment: Analyst support: TD Cowen initiated coverage with a Buy rating and a $95 price target, while WFC was included among financial stocks receiving strong EPS-revision grades. These signals suggest improving earnings expectations and potential upside from current levels. Wells Fargo Among Financial Stocks With Strong EPS Revision Grades
• Neutral Sentiment: Options activity: Trading in WFC call options was unusually heavy, indicating increased speculative interest and potentially bullish positioning, but it does not by itself establish a fundamental change in the company’s outlook.
• Negative Sentiment: Federal housing review: HUD and the Trump administration are examining whether Wells Fargo’s mortgage approvals, pricing and outreach programs treated Black borrowers differently. A formal discrimination investigation could create legal, compliance and reputational costs and represents a setback to the bank’s regulatory-recovery narrative. Wells Fargo Faces Regulator Probe Over Black Homeownership Efforts
• Negative Sentiment: Rate and credit concerns: Analysts note that sharply rising bond yields can pressure bank securities portfolios, funding costs and loan demand, while investors remain alert to potential asset-quality deterioration ahead of earnings.

Wells Fargo & Company Company Profile

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.