Truist Financial Cuts Wells Fargo & Company (NYSE:WFC) Price Target to $100.00

Wells Fargo & Company (NYSE:WFC) had its price target reduced by Truist Financial from $104.00 to $100.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms have also weighed in on WFC. HSBC reaffirmed a “hold” rating and set a $74.00 price objective on shares of Wells Fargo & Company in a research report on Wednesday, January 7th. CICC Research started coverage on Wells Fargo & Company in a research report on Wednesday. They issued a “market perform” rating and a $96.00 price target on the stock. Morgan Stanley lifted their price objective on Wells Fargo & Company from $95.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Robert W. Baird restated an “underperform” rating and set a $90.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, January 6th. Finally, Cfra Research upgraded shares of Wells Fargo & Company to a “moderate buy” rating in a research note on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company presently has a consensus rating of “Hold” and an average target price of $94.87.

Wells Fargo & Company Stock Down 0.7%

Shares of WFC opened at $88.36 on Thursday. The stock has a market capitalization of $277.37 billion, a PE ratio of 14.09, a P/E/G ratio of 0.81 and a beta of 1.09. Wells Fargo & Company has a 1 year low of $58.42 and a 1 year high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.84 and a current ratio of 0.90. The company’s 50-day simple moving average is $90.17 and its 200-day simple moving average is $84.83.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $21.29 billion during the quarter, compared to analysts’ expectations of $21.63 billion. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. Analysts forecast that Wells Fargo & Company will post 5.89 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, November 7th. Wells Fargo & Company’s dividend payout ratio is 28.71%.

Institutional Trading of Wells Fargo & Company

Several institutional investors have recently modified their holdings of the stock. Access Investment Management LLC acquired a new stake in Wells Fargo & Company during the 2nd quarter worth $25,000. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Wells Fargo & Company during the second quarter worth about $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Wells Fargo & Company during the third quarter worth about $27,000. Marquette Asset Management LLC increased its position in shares of Wells Fargo & Company by 472.4% during the third quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of Wells Fargo & Company in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors 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: Asset‑cap lift enabling growth — management is ramping lending and growth initiatives now that the Fed’s asset cap is gone, which supports higher future loan volumes and revenue potential. Freed from Asset Cap, Wells Fargo Ramps up Lending
• Positive Sentiment: Q4 EPS beat — Wells Fargo reported EPS above consensus (helping underlying profitability) even as revenue missed estimates; management flagged improving core profitability and stronger wealth results. Wells Fargo posts earnings beat but revenue misses expectations
• Positive Sentiment: Insider/insider‑adjacent buying — a disclosed purchase by Sen. John Boozman was reported, which some investors view as a modest signal of confidence. Sen. John Boozman Buys Wells Fargo & Company Shares
• Neutral Sentiment: Analyst reactions are mixed — several firms revised price targets and ratings after Q4 (some trims, some raises); consensus remains around a “hold”/modest upside, creating balanced near‑term analyst flow rather than a uniform boost. These Analysts Revise Their Forecasts On Wells Fargo Following Q4 Earnings
• Neutral Sentiment: New coverage and broader industry commentary — CICC initiated coverage and major outlets highlighted sector‑wide strength in trading and wealth, which could support longer‑term estimates but doesn’t remove near‑term uncertainty. Wells Fargo Coverage Initiated at CICC Research
• Negative Sentiment: Revenue missed and severance dragged on profits — commentary and reporting pointed to material severance and restructuring charges that pressured reported profit and prompted concern about near‑term earnings quality. Wells Fargo misses profit estimates on severance costs, shares fall
• Negative Sentiment: Sector and policy overhang — bank stocks broadly pulled back after earnings, and proposals to cap credit‑card rates have emerged as a regulatory risk that could hit consumer finance revenue if enacted. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Housing sentiment softens — the NAHB/Wells Fargo Housing Market Index fell unexpectedly in January, a modest negative for mortgage origination outlooks and related loan growth. U.S. Homebuilder Confidence Unexpectedly Deteriorates In January

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.