Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. It provides a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through its four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. In the communities it serves, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

Company profile
Ticker
WFC, WFC+Z, WFC+A, WFC+C, WFC+D
Exchange
Website
CEO
Charles Scharf
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NORWEST CORP, WELLS FARGO & CO/MN
SEC CIK
Corporate docs
Subsidiaries
EVEREN Capital Corporation • Norwest Venture Partners XII, LP • Norwest Venture Partners XIII, LP • Norwest Venture Partners XIV, LP • Norwest Venture Partners XV, LP • NVP Associates, LLC • Omniplus Capital Corporation • Peony Asset Management, Inc. • Silver Asset Management, Inc. • Wells Fargo Clearing Services, LLC ...
IRS number
410449260
WFC stock data
News

Check Out What Whales Are Doing With Wells Fargo
11 Aug 22
Wells Fargo's Ex-Dividend Date Is Thursday, Here's What You Need To Know
1 Aug 22
Wells Fargo Whale Trades For July 29
29 Jul 22
Check Out What Whales Are Doing With WFC
28 Jul 22
'Goldman Sachs, BlackRock, JPMorgan, Morgan Stanley and Wells Fargo have been banned from doing business with West Virginia because the Wall Street firms are trying to reduce their dealings with the coal industry.' -NYT Report
28 Jul 22
Press releases
LAWSUITS FILED AGAINST WFC, KRBP and LFST - Jakubowitz Law Pursues Shareholders Claims
18 Aug 22
Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Wells Fargo & Company (WFC) Investors of Class Action and Encourages Investors to Actively Participate
18 Aug 22
WFC LAWSUIT ALERT: Levi & Korsinsky Notifies Wells Fargo & Company Investors of a Class Action Lawsuit and Upcoming Deadline
18 Aug 22
WELLS FARGO & COMPANY (WFC) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Wells Fargo & Company (WFC)
18 Aug 22
The Gross Law Firm Announces Class Actions on Behalf of Shareholders of WFC, U and ENOB
17 Aug 22
Analyst ratings and price targets
Current price
Average target
$53.17
Low target
$45.00
High target
$62.00
Morgan Stanley
Maintains
$62.00
Credit Suisse
Maintains
$55.00
Barclays
Maintains
$58.00
Raymond James
Maintains
$52.00
Citigroup
Maintains
$47.00
RBC Capital
Maintains
$45.00
Investment data
Top 50 of 7243 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
---|---|---|
$9.85B | 38.36M | |
$8.85B | 64.77M | |
$6.53B | 17.31M | |
$6.22B | 16.4M | |
$5.81B | 29.47M | |
$5.64B | 55.43M | |
$4.23B | 50.54M | |
$4.02B | 7.84M | |
$3.57B | 20.13M | |
$3.57B | 21.09M | |
$3.06B | 62.38M | |
$2.92B | 25.91M | |
$2.8B | 26.33M | |
$2.57B | 39.82M | |
$2.48B | 10.95M | |
Vanguard Tax-managed Intl FD
|
$2.43B | 59.47M |
$2.37B | 1.08M | |
Vanguard Intl Equity Index F
|
$2.3B | 55.22M |
$2.29B | 30.56M | |
$2.28B | 15.85M | |
$2.09B | 14.42M | |
$2.07B | 947.77K | |
$2.03B | 47.64M | |
$2.03B | 26.19M | |
$2.02B | 12.12M | |
$1.98B | 7.22M | |
$1.96B | 11.2M | |
$1.96B | 7.92M | |
$1.87B | 17.17M | |
$1.83B | 7.51M | |
$1.74B | 19.1M | |
$1.74B | 18.78M | |
$1.74B | 6.19M | |
$1.73B | 8.23M | |
$1.71B | 94.92M | |
$1.65B | 5.93M | |
$1.59B | 40.5M | |
$1.59B | 2.61M | |
$1.52B | 10.79M | |
$1.52B | 7.72M | |
$1.52B | 11.93M | |
$1.46B | 3.05M | |
$1.45B | 46.08M | |
$1.44B | 30.86M | |
$1.43B | 16.74M | |
$1.42B | 28.03M | |
$1.41B | 9.23M | |
$1.39B | 16.95M | |
Vanguard Specialized Funds
|
$1.39B | 9.68M |
$1.39B | 6.26M |
Holdings list only includes long positions.
Only includes long positions.
Calendar
1 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 155.14B | 155.14B | 155.14B | 155.14B | 155.14B | 155.14B |
Cash burn (monthly) | 15.59B | 9.92B | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 25.7B | 16.36B | n/a | n/a | n/a | n/a |
Cash remaining | 129.44B | 138.78B | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.3 | 14.0 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Jul 22 | Owens Lester | Common Stock, $1 2/3 Par Value | Payment of exercise | Dispose F | No | No | 43.71 | 44,589.887 | 1.95M | 91,383 |
27 Jul 22 | Owens Lester | Common Stock, $1 2/3 Par Value | Option exercise | Acquire M | No | No | 0 | 87,343.887 | 0 | 135,972.887 |
27 Jul 22 | Owens Lester | Restricted Share Right Common Stock, $1 2/3 Par Value | Option exercise | Dispose M | No | No | 0 | 87,343.887 | 0 | 87,342.855 |
1 Jul 22 | Black Steven D | Phantom Stock Units Common Stock, $1 2/3 Par Value | Grant | Acquire A | No | No | 39.92 | 2,191.884 | 87.5K | 28,723.786 |
1 Jul 22 | Mark A Chancy | Phantom Stock Units Common Stock, $1 2/3 Par Value | Grant | Acquire A | No | No | 39.92 | 782.816 | 31.25K | 9,683.874 |
1 Jul 22 | Clark Celeste A. | Phantom Stock Units Common Stock, $1 2/3 Par Value | Grant | Acquire A | No | No | 39.92 | 587.112 | 23.44K | 32,426.29 |
1 Jul 22 | Hewett Wayne M. | Phantom Stock Units Common Stock, $1 2/3 Par Value | Grant | Acquire A | No | No | 39.92 | 782.816 | 31.25K | 34,005.747 |
Institutional ownership, Q2 2022
71.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1907 |
Opened positions | 90 |
Closed positions | 265 |
Increased positions | 711 |
Reduced positions | 804 |
13F shares | Current |
---|---|
Total value | 105.7B |
Total shares | 2.7B |
Total puts | 61.08M |
Total calls | 44.04M |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 322.9M | $12.65B |
BLK Blackrock | 266.33M | $10.43B |
FMR | 178.89M | $7.01B |
STT State Street | 160.97M | $6.31B |
Dodge & Cox | 123.28M | $4.83B |
TROW T. Rowe Price | 87.37M | $3.42B |
JPM JPMorgan Chase & Co. | 86.63M | $3.39B |
Capital World Investors | 69.95M | $2.74B |
Geode Capital Management | 66.53M | $2.6B |
Primecap Management | 48.83M | $1.91B |
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
AOCI, diversity, extinguished, fronting, hiring, intrinsic, lag, launch, machinery, manufacturing, moderate, overdraft, physical, suspension, swap, versa, vice, warehouse, weakening
Removed:
buyer, cancelable, Dore, exposed, extend, Hernandez, improved, Liguori, limiting, Moody, Ohio, partial, Pennsylvania, population, refund, Ryder, Washington, Western
Financial reports
Current reports
8-K
Financial Statements and Exhibits
15 Aug 22
8-K
Financial Statements and Exhibits
25 Jul 22
8-K
Wells Fargo Reports Second Quarter 2022 Net Income of $3.1 billion, or $0.74 per Diluted Share
15 Jul 22
8-K
Departure of Directors or Certain Officers
29 Apr 22
8-K
Financial Statements and Exhibits
27 Apr 22
8-K
Financial Statements and Exhibits
25 Apr 22
8-K
Wells Fargo Reports First Quarter 2022 Net Income of $3.7 billion, or $0.88 per Diluted Share
14 Apr 22
8-K
Financial Statements and Exhibits
24 Mar 22
8-K
Financial Statements and Exhibits
2 Mar 22
8-K
Wells Fargo & Company Announces Pricing of Any and All Cash Tender Offer by Its Wholly-Owned Subsidiary
25 Jan 22
Registration and prospectus
424B2
Prospectus for primary offering
15 Aug 22
424B2
Prospectus for primary offering
15 Aug 22
424B2
Prospectus for primary offering
15 Aug 22
424B2
Prospectus for primary offering
12 Aug 22
424B2
Prospectus for primary offering
12 Aug 22
424B2
Prospectus for primary offering
8 Aug 22
424B2
Prospectus for primary offering
8 Aug 22
424B2
Prospectus for primary offering
29 Jul 22
424B2
Prospectus for primary offering
29 Jul 22
424B2
Prospectus for primary offering
27 Jul 22
Proxies
DEFA14A
Additional proxy soliciting materials
15 Apr 22
DEFA14A
Additional proxy soliciting materials
13 Apr 22
PX14A6G
Letter to shareholders
12 Apr 22
PX14A6G
Letter to shareholders
11 Apr 22
PX14A6G
Letter to shareholders
31 Mar 22
PX14A6G
Letter to shareholders
30 Mar 22
PX14A6G
Letter to shareholders
28 Mar 22
PX14A6G
Letter to shareholders
24 Mar 22
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEFA14A
Additional proxy soliciting materials
14 Mar 22
Other
CERT
Certification of approval for exchange listing
27 Jul 21
EFFECT
Notice of effectiveness
20 Apr 21
CORRESP
Correspondence with SEC
14 Apr 21
UPLOAD
Letter from SEC
14 Mar 21
CERT
Certification of approval for exchange listing
1 Feb 21
CERT
Certification of approval for exchange listing
28 Oct 20
EFFECT
Notice of effectiveness
20 Jul 20
CORRESP
Correspondence with SEC
16 Jul 20
UPLOAD
Letter from SEC
14 Jun 20
EFFECT
Notice of effectiveness
26 Feb 20
Ownership
13F-HR
Quarterly holdings report by institutional manager
12 Aug 22
4
WELLS FARGO & COMPANY / Lester Owens ownership change
29 Jul 22
SC 13G
GABELLI DIVIDEND & INCOME TRUST / WELLS FARGO & COMPANY ownership change
11 Jul 22
4
WELLS FARGO & COMPANY / RONALD SARGENT ownership change
6 Jul 22
4
WELLS FARGO & COMPANY / Wayne M. Hewett ownership change
6 Jul 22
4
WELLS FARGO & COMPANY / Celeste A. Clark ownership change
6 Jul 22
4
WELLS FARGO & COMPANY / Mark A Chancy ownership change
6 Jul 22
4
WELLS FARGO & COMPANY / STEVEN D BLACK ownership change
6 Jul 22
11-K
Annual report of employee stock purchases
24 Jun 22
4
WELLS FARGO & COMPANY / Michael S Weinbach ownership change
22 Jun 22
Transcripts
2022 Q2
Earnings call transcript
15 Jul 22
2022 Q1
Earnings call transcript
14 Apr 22
2021 Q4
Earnings call transcript
14 Jan 22
2021 Q3
Earnings call transcript
14 Oct 21
2021 Q2
Earnings call transcript
14 Jul 21
2021 Q1
Earnings call transcript
14 Apr 21
2020 Q4
Earnings call transcript
15 Jan 21
2020 Q3
Earnings call transcript
14 Oct 20
2020 Q2
Earnings call transcript
14 Jul 20
2020 Q1
Earnings call transcript
14 Apr 20
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Daily General Discussion and Advice Thread - July 26, 2022
26 Jul 22