Wells Fargo & Company (NYSE:WFC) Price Target Raised to $95.00

Wells Fargo & Company (NYSE:WFC) had its price target increased by Truist Financial from $94.00 to $95.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 18.35% from the stock’s previous close.

Several other brokerages have also commented on WFC. JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods cut their target price on Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Morgan Stanley boosted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.92.

Wells Fargo & Company Stock Down 0.3%

Wells Fargo & Company stock opened at $80.27 on Thursday. Wells Fargo & Company has a twelve month low of $72.78 and a twelve month high of $97.76. The stock’s fifty day simple moving average is $86.49 and its 200-day simple moving average is $82.97. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $242.73 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.88 and a beta of 0.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the previous year, the business earned $1.60 EPS. Wells Fargo & Company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Wells Fargo & Company will post 7.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wells Fargo & Company

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in Wells Fargo & Company during the fourth quarter worth about $30,000. Security National Bank of Sioux City Iowa IA acquired a new position in Wells Fargo & Company during the second quarter worth $28,000. Phillip James Consulting Co. purchased a new position in Wells Fargo & Company in the first quarter worth $28,000. Dunhill Financial LLC purchased a new position in Wells Fargo & Company in the second quarter worth $30,000. Finally, Main Street Group LTD acquired a new stake in Wells Fargo & Company in the first quarter valued at $29,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Wells Fargo & Company

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

• Positive Sentiment: S&P upgraded Wells Fargo’s credit rating to A- from BBB+. The ratings agency cited progress in governance, risk management and operational oversight following the Federal Reserve’s 2025 removal of the bank’s asset cap. The upgrade could reduce funding costs and reinforce confidence in management’s ability to grow the balance sheet. S&P upgrades Wells Fargo following risk management overhauls
• Positive Sentiment: The Federal Reserve is revising bank stress tests to reduce volatility in capital requirements and improve planning visibility. A more predictable process could help Wells Fargo and other large banks manage capital returns, lending and shareholder distributions more efficiently. Fed Revamps Bank Stress Tests
• Positive Sentiment: Wells Fargo renewed and expanded its relationship with Intercontinental Exchange (NYSE: ICE) to use ICE’s mortgage-loan servicing platform across its full home-loan servicing portfolio. The agreement supports operational continuity and mortgage-servicing efficiency, although financial details were not disclosed. ICE Expands Agreement with Wells Fargo
• Neutral Sentiment: Analysts expect Wells Fargo’s third-quarter earnings to show single-digit growth, while recent results exceeded consensus estimates. However, commentary describes the stock as fairly valued or requiring more than an earnings beat to become attractive. Earnings Preview
• Negative Sentiment: Wells Fargo researchers warned that interest rates could remain elevated through 2027 because of persistent inflation. Higher-for-longer rates could weigh on credit demand, mortgage activity and bond portfolios, creating a headwind for bank earnings. Wells Fargo Warns Rates Could Stay Higher Through 2027

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.