Skip to Content
Morningstar

Wells Fargo & Co WFC

Morningstar Rating
Unlock
Stock XNYS Rating as of
$60.39 +0.69 (1.16%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Wells Fargo Earnings: Shares Tumble 6% on Updated Expense Guidance; Trading Revenue Still Strong

Suryansh Sharma,

Wide-moat-rated Wells Fargo reported second-quarter EPS of $1.33 per share which compares with $1.25 per share in the same quarter of the previous year. Shares of the bank tumbled around 6% on the news of the updated 2024 expense guidance, which was a slight disappointment given the importance of controlling expenses for the bank. Trading revenue came in quite strong at $1.4 billion, which was an near all-time high for the bank. The second-quarter numbers resulted in a return on tangible equity of 13.7%, still below the management’s medium-term target of 15%. We do not plan to materially change our $58 fair value estimate for Wells Fargo as we fully incorporate second-quarter results.

Read Full Report

Price vs Fair Value

View History
WFC is trading at a 318% premium.
Price
$60.39
Fair Value
$21.00
Uncertainty
Medium
1-Star Price
$62.20
5-Star Price
$33.50
Economic Moat
Mpn
Capital Allocation
Qkvclhfk

Bulls Say, Bears Say

Bulls

Wells should have several years left of slower expense growth, while a big regulatory catalyst—the lifting of the asset cap—remains.

Bears

Wells Fargo still has consent orders outstanding, including the asset cap, and has been on defense for years, raising the potential for structural damage to its competitive positioning.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if WFC is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$59.70
Day Range
$59.57–60.45
52-Week Range
$38.39–62.55
Bid/Ask
$60.30 / $61.00
Market Cap
$205.49 Bil
Volume/Avg
12.5 Mil / 17.2 Mil

Key Statistics

Price/Earnings (Normalized)
11.64
Price/Sales
2.63
Dividend Yield (Trailing)
2.32%
Dividend Yield (Forward)
2.65%
Total Yield
9.05%

Company Profile

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
226,000
Website
https://www.wellsfargo.com

Competitors

Valuation

View More
Metric
WFC
C
BAC
Price/Earnings (Normalized)
 11.6413.2013.96
Price/Book Value
 1.290.651.21
Price/Sales
 2.631.573.39
Price/Cash Flow
 7.834.559.04
Price/Earnings
WFC
C
BAC

Financial Strength

Metric
WFC
C
BAC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
WFC
C
BAC
Return on Assets (Normalized)
 1.00%0.37%0.92%
Return on Equity (Normalized)
 11.72%4.74%11.28%
Return on Invested Capital (Normalized)
 ———
Return on Assets
WFC
C
BAC
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Banks - Diversified Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
JPMorgan Chase & Co
JPM
FlpqwsymtXytz$593.7 Bil
 Bank of America Corp
BAC
RqlrkflBkjhn$324.0 Bil
 HSBC Holdings PLC ADR
HSBC
FcdysbyLdhh$157.8 Bil
 Royal Bank of Canada
RY
QyxnvtwmPty$155.2 Bil
 Mitsubishi UFJ Financial Group Inc ADR
MUFG
PwkrndcrPtz$126.9 Bil
 Citigroup Inc
C
YkvlcyslPlbvd$122.8 Bil
 The Toronto-Dominion Bank
TD
DnqfxqthpZdqk$102.0 Bil
 UBS Group AG
UBS
ClmcnrdkZzvdlhx$96.2 Bil
 Banco Santander SA ADR
SAN
HldNqchbqg$76.5 Bil

Sponsor Center