JPMorgan Chase & Co. Issues Positive Forecast for Wells Fargo & Company (NYSE:WFC) Stock Price

Wells Fargo & Company (NYSE:WFC) had its price objective hoisted by JPMorgan Chase & Co. from $86.50 to $93.50 in a report issued on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Several other brokerages have also weighed in on WFC. KGI Securities lowered Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Truist Financial boosted their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Piper Sandler restated an “overweight” rating and issued a $94.00 price objective (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Monday, April 20th. Finally, Barclays decreased their target price on shares of Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.24.

Wells Fargo & Company Stock Up 0.7%

WFC stock traded up $0.60 during midday trading on Monday, reaching $88.05. The company had a trading volume of 789,126 shares, compared to its average volume of 16,798,711. The company has a 50 day moving average of $80.05 and a two-hundred day moving average of $84.17. The company has a market capitalization of $269.45 billion, a P/E ratio of 13.57, a PEG ratio of 0.98 and a beta of 0.92. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.12.

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, topping analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a net margin of 17.26% and a return on equity of 13.27%. The business had revenue of $11.62 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the prior year, the business posted $1.39 earnings per share. Wells Fargo & Company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Wells Fargo & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 8th. Wells Fargo & Company’s dividend payout ratio is currently 27.78%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Diversified Trust Co. grew its stake in 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 valued at $3,289,000 after acquiring an additional 13,196 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake 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 purchasing an additional 84,902 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Wells Fargo & Company by 4.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after buying an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings 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 valued at $38,446,000 after purchasing an additional 17,302 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in shares of Wells Fargo & Company by 12.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 283,582 shares of the financial services provider’s stock valued at $23,770,000 after acquiring an additional 32,094 shares in the last quarter. 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: 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

About Wells Fargo & Company

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.