WFC - Wells Fargo & Company

NYSE - NYSE Delayed Price. Currency in USD
45.70
-0.20 (-0.44%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close45.90
Open45.44
Bid45.63 x 1000
Ask45.79 x 4000
Day's Range45.41 - 46.23
52 Week Range43.02 - 59.53
Volume19,969,002
Avg. Volume22,520,904
Market Cap205.391B
Beta (3Y Monthly)1.24
PE Ratio (TTM)10.11
EPS (TTM)4.52
Earnings DateJul 16, 2019
Forward Dividend & Yield1.80 (3.72%)
Ex-Dividend Date2019-05-09
1y Target Est52.16
Trade prices are not sourced from all markets
  • Business Wire2 days ago

    Wells Fargo & Company Declares Cash Dividends on Preferred Stock

    Wells Fargo & Company today announced dividends on 11 series of preferred stock.

  • 5 Cheap Stocks to Buy in 2019
    Motley Fool2 days ago

    5 Cheap Stocks to Buy in 2019

    There's a big difference between a low stock price and a stock that's actually cheap. Here's how to tell the difference and add five prime cheap picks to your portfolio.

  • Financial Times2 days ago

    Metro Bank’s woes are a warning: watch the metrics

    This has not been a good year for Metro Bank. The shares plunged to a record low this week after the bank had to deny “false rumours” that it was close to collapse and customers should withdraw their money ...

  • Stock Buyback Frenzy: May Be Adverse To Long-Term Objectives
    Zacks2 days ago

    Stock Buyback Frenzy: May Be Adverse To Long-Term Objectives

    Stock Buyback Frenzy: May Be Adverse To Long-Term Objectives

  • Business Wire2 days ago

    Wells Fargo to Present at the Bernstein 35th Annual Strategic Decisions Conference

    Wells Fargo & Company said today that Interim Chief Executive Officer and President Allen Parker will present at the Bernstein 35th Annual Strategic Decisions Conference in New York on Thursday, May 30, 2019, at 9 a.m.

  • Stock Buyback Frenzy: How This Will Effect You
    Zacks2 days ago

    Stock Buyback Frenzy: How This Will Effect You

    Stock Buyback Frenzy: How This Will Effect You

  • Warren Buffett, Top Hedge Funds Bought And Sold These Stocks In Q1
    Investor's Business Daily2 days ago

    Warren Buffett, Top Hedge Funds Bought And Sold These Stocks In Q1

    Warren Buffett and top hedge funds bought tech stocks like Amazon, Red Hat, Micron and Alibaba, and the "Oracle of Omaha" sold Wells Fargo, Southwest and Verizon.

  • Reuters3 days ago

    Wells Fargo and Barclays back fintech company OpenFin

    Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays , the company said on Thursday. Existing investors including JPMorgan Chase & Co, Bain Capital Ventures and Pivot Investment Partners, also participated in the round, the company said. OpenFin, which is headquartered in New York and London, will use the cash injection to accelerate sales efforts and for product development, it said.

  • Real estate exec at Wells Fargo on the 'most fun thing' he's ever done in his career
    American City Business Journals3 days ago

    Real estate exec at Wells Fargo on the 'most fun thing' he's ever done in his career

    Bob Bertges, director of the workplace strategies group at Wells Fargo & Co., has served as the top real estate executive there and at predecessor companies for 45 years, a career that's winding down with his retirement on May 31.

  • Wells Fargo's New CEO Candidate to be Reviewed by Regulators
    Zacks3 days ago

    Wells Fargo's New CEO Candidate to be Reviewed by Regulators

    Well Fargo's (WFC) search for new CEO gets further complicated as regulators plan to review the candidates.

  • Should You Get into Berkshire Hathaway Stock in May?
    InvestorPlace3 days ago

    Should You Get into Berkshire Hathaway Stock in May?

    Stocks are having another roller coaster week and many investors are nervously wondering as to where the broader markets may be headed next. Should we all indeed "sell in May, go away, and have a nice holiday?"Source: Pete Souza via Wikimedia (Modified)Today I'd like to discuss the short- and long-term outlook of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) stock, led by the legendary investor Warren Buffet.Although I like Berkshire Hathaway shares for a long-term diversified portfolio, I expect market volatility to continue in May. Therefore, we can expect price choppiness in Berkshire shares. With BRK.B down about 6% so far this month, any further pullbacks in the coming weeks would be a sign to investors to consider buying into the shares.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Value Investing Makes BRK.B Stock a Long-Term BuyCountless articles and experts praise Berkshire Hathaway's performance over the past six decades and Mr. Buffett's amazing value investing prowess. Indeed, the effect of compounded gains for long-term BRK.B shareholders is tremendous. The 10-year gain tops 187% versus a 161% increase in the S&P 500 index. * 7 Dividend Stocks to Buy as the Trade War Reignites Throughout his investment career, Warren Buffet, his partner Charlie Munger, and their investment team have purchased businesses with sustainable competitive advantages, or "moats," preferably at discounted prices, with the aim of generating long-term value.One other point to note is that Berkshire Hathaway has mostly favored free cash flow (FCF) rich business models. FCF is a powerful metric to analyze the true profitability of a business. It shows if the business is run efficiently to generate enough cash to pay its investors a return.So far, their strategy has worked extremely well. An initial investment of $1,000 in BRK.A stock in 1962 would have become over $16 million today. (The more-modestly priced BRK.B stock came about in a 1996 split.) Although past returns are no indication or guarantee of future returns, I believe that investors can still expect Berkshire Hathaway management to continue to invest in companies that will deliver growth over the long-term. BRK.B Stock's Cash PileMost long-term investors do not want to be constantly thinking about the fundamental strength of the stocks in their portfolios. A robust balance sheet is what has attracted investors to Berkshire Hathaway over the decades.On May 4, BRK.B reported strong first-quarter 2019 earnings that, as always, coincided with the annual meeting, a truly big event for shareholders. Analysts and investors alike also look forward to reading Buffet's annual letter released for the meeting.At the end Q1, Berkshire had about $114 billion in cash. This cash pile has expanded in part due to Berkshire's highly profitable businesses and in part due to the lack of meaningful acquisitions until recently. Investors care a lot about FCF, as it can be used in a discretionary manner. The power of the amount of cash on hand is one of the reasons that the BRK.B stock is so unique. Berkshire Hathaway and Stock PurchasesBuffet authorizes two types of stock purchases: the companies Berkshire Hathaway buys for its own portfolio and BRK.B stock repurchases. Let us look at each to see how either one may create value for shareholders.Purchasing Other Companies: Berkshire Hathaway either buys out entire companies or invests substantial sums of money in other publicly traded companies through common stock purchases. Its portfolio, which covers a wide range of sectors, is not quite like any other publicly traded firm.In general, management does not volunteer any more information on this portfolio than is legally required. Some analysts see the investment giant's stock-picking strategies as its trade secret. Whenever BRK.B announces a new position in a company, the shares of that company shoot up as investors feel Buffet has found value in the price of the stock.Currently, we know that Apple (NASDAQ:AAPL), the largest holding of BRK.B, occupies over 20% of the portfolio. Second in line is Bank of America (NYSE:BAC), followed by Wells Fargo (NYSE:WFC), Coca-Cola (NYSE:KO) and American Express (NYSE:AXP).The company has recently acquired shares in the Brazilian fintech company, StoneCo (NASDAQ:STNE) as well as a stake in the parent company of India's largest mobile-payments service, Paytm. Buffet also announced that BRK.B now holds shares in Amazon (NASDAQ:AMZN). Wall Street has seen these acquisitions as BRK.B's progressive moves to capitalize on high growth trends, including emerging markets. It is possible that, in an attempt to create growth, the company's investing approach could change in the future.Going forward, BRK.B has an enviable amount of cash on hand to finance more potential acquisitions to fuel the growth of the stock. And management will likely be constantly looking for promising opportunities.Repurchasing BRK.B Stock: Long-term followers of Buffett's value investment strategy know that he regards share repurchases as a good way for companies to reward shareholders. Companies then reduce the number of outstanding shares and each shareholder ends up holding a larger piece of the company. He last bought BRK.B stock in the first quarter of 2019.In 2018, the company said that management would authorize share repurchases when it believed that the repurchase price would be "below Berkshire's intrinsic value." Previously, Buffet has relied on a book value multiple of 1.2x when deciding if it may be an appropriate time to buy back shares.In case of further declines in BRK.B stock price, I'd expect management to consider another stock repurchase program, which would act as a support level for the stock price. Whenever Berkshire Hathaway has bought back its shares in the past, the market has applauded the move and BRK.B stock price has gone up. Could BRK.B Stock Finally Pay Dividends?Warren Buffett -- AKA "The Oracle of Omaha" -- is never shy to let investors know how much he loves to invest in stocks that pay dividend income. Yet, he has also made it clear that he does not intend for BRK.B stock to pay dividends.However, many BRK.B shareholders would like to see the group pay dividends, partly because Berkshire Hathaway has so much cash available.In the past, Buffet has argued that management would be able to reinvest that money better than most shareholders. Nonetheless, he has recently admitted that good investment ideas are not easy to find any more.Therefore, the investing legend may indeed have a change of heart soon. Then there could be an upcoming shareholder letter telling investors that the company would pay dividends. And that is likely to be good for the stock price. Short-Term Technical Analysis Shows HeadwindsMany stocks may continue to be volatile in May, and I would not advocate trying to identify stocks that could be immune to a U.S.-China trade war.As a result of the strong run-up in BRK.B stock price earlier in 2019, its short-term technical indicators had become somewhat "overbought," until last week. However, in less than two weeks, BRK.B stock price is down almost 9%. * 6 Trade War Stocks With a Lot of Risk Yet if Berkshire Hathaway stock price declines further, long-term investors may find it particularly attractive. I believe BRK.B stock price is likely to find major support between $195 and $200. At that point, I'd expect BRK.B stock to start to stabilize and then trade sideways until its next earnings report in late July.If you aren't already long BRK.B stock, you may want to remain on the sidelines and wait for a pullback. I'd also consider buying covered calls in conjunction with going long on Berkshire Hathaway stock. Investor Takeaway on Berkshire Hathaway stockIn many ways, there will never be another company like Berkshire Hathaway and many analysts agree that, in the future, the group may not be able repeat its stellar past performance. Yet, the strength of the balance sheet coupled with management's proactive approach, which is firmly grounded in the value investing tradition, will likely enable BRK.B to buy into companies that will fuel its growth. Therefore, despite any potential short-term price weakness, BRK.B stock belongs to a diversified portfolio.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Should You Get into Berkshire Hathaway Stock in May? appeared first on InvestorPlace.

  • Here Are Some of Billionaire Buffett’s Moves For Q1
    Insider Monkey3 days ago

    Here Are Some of Billionaire Buffett’s Moves For Q1

    Billionaire Warren Buffett is arguably the greatest investor of all time. Given his investing acumen and track record, millions of investors watch how Buffett and his investing lieutenants allocate Berkshire Hathaway's capital every quarter. Any meaningful buy or sell could affect sentiment in the short term, and potentially cause other investors who respect Buffett to […]

  • Business Wire3 days ago

    Wells Fargo to Present at the Deutsche Bank 9th Annual Global Financial Services Conference

    Wells Fargo & Company said today that Senior EVP and Head of Consumer Banking Mary Mack will present at the Deutsche Bank 9th Annual Global Financial Services Conference in New York on Wednesday, May 29, 2019, at 8:50 a.m.

  • Warren Buffett’s Berkshire held an $860 million stake in Amazon
    Yahoo Finance3 days ago

    Warren Buffett’s Berkshire held an $860 million stake in Amazon

    Warren Buffett finally bets on Jeff Bezos.

  • Reuters4 days ago

    U.S. bank regulator will vet next Wells Fargo CEO

    A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency (OCC), told Congress he would use special legal powers that the regulator typically reserves for overseeing financially troubled lenders to review any proposed candidate. "At this point in time I do not have plans to release that information," Otting told Warren in a heated exchange.

  • Moody's4 days ago

    South Carolina Transp. Infrastructure Bank -- Moody's assigns A1 to South Carolina Transportation Infrastructure Bank's remarketing of 2003B variable-rate issue; outlook stable

    Moody's Investors Service has assigned a rating of A1 to the South Carolina Transportation Infrastructure Bank's (SCTIB) remarketing of Revenue Refunding Bonds, Series 2003B. The bonds have been held by Wells Fargo Bank, N.A., in a direct placement agreement that expires on June 15, 2019. The SCTIB's bond rating reflects strong oversight from the State of South Carolina (Aaa, stable), as well as the essential nature of projects financed by the SCTIB.

  • Reuters4 days ago

    U.S. bank regulator to review Wells Fargo pick for chief executive

    The Office of the Comptroller of the Currency (OCC) will evaluate Wells Fargo's pick for its next chief executive, the regulator told Congress on Wednesday. Joseph Otting, the regulator's top official, said the agency would review the bank's pick, but that he did not plan to make those findings public. At a congressional hearing, Otting added that the OCC remains disappointed by the bank's efforts to address a range of scandals across its business lines.

  • Is Berkshire Hathaway Stock the Perfect Name to Buy Amid the Chaos?
    InvestorPlace4 days ago

    Is Berkshire Hathaway Stock the Perfect Name to Buy Amid the Chaos?

    The stock market has been getting volatile as trade-war worries continue to rock U.S. equities. Volatility is picking up, and while we're not seeing full-blown panic at the moment, investors are certainly taking a more cautious tone.Source: Shutterstock Could investors look to buy a relatively safe name like Berkshire Hathaway (NYSE:BRK.B, NYSE:BRK.A) stock going forward? Berkshire Hathaway stock has been hit but is holding up near its support, making it worth examining. Not to mention, it's Warren Buffett's company. * 10 Retirement Stocks That Won't Wilt in a Bear Market In a way, BRK.B stock is a holding company, given its massive equity portfolio. Berkshire Hathaway stock sports a market cap of $500 billion and has an equity portfolio worth roughly $200 billion. BRK.B also has a large portfolio of privately-owned companies, such as Geico, Dairy Queen, Burlington Northern, Duracell, Fruit of the Loom, Precision Castparts and See's Candies, among many others.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the public equity side, its largest position is Apple (NASDAQ:AAPL), which is more than double its next biggest position, Bank of America (NYSE:BAC). BRK.B also owns stakes in Wells Fargo (NYSE:WFC), Coca-Cola (NYSE:KO), American Express (NYSE:AXP), Kraft Heinz (NYSE:KHC), JPMorgan (NYSE:JPM), Delta Air Lines (NYSE:DAL) and a number of others. Valuing Berkshire Hathaway StockBecause Berkshire is now forced to report its earnings using a mark-to-market accounting method, the company can show huge losses or gains in any given quarter. Its earnings fluctuate primarily based on the performance of its stock holdings. As one can imagine, Berkshire's earnings have become quite volatile.BRK.B is expected to earn $10.30 per share of Berkshire Hathaway stock this year, up 2.6% from the prior year. BRK.B stock is currently trading at about 20 times analysts' consensus 2019 EPS estimate, which isn't a bad premium for the Oracle of Omaha's business. But that doesn't really tell the whole story, partly because of the way that Berkshire has to report its gains now.Berkshire Hathaway stock won't provide the growth of a high-octane cloud start-up, but it's a well-managed and disciplined firm that knows a good company when it sees one. Interestingly, BRK.B has a unique type of "cash problem" now. Berkshire held $114 billion in cash and short-term securities as of its most recent quarter. However, it can't find enough good deals out there in which to invest.But BRK.B has a ton of cash and so the company has understandably turned to buying back a decent amount of Berkshire stock. BRK.B stock worth $10 billion helped finance the deal between Anadarko Petroleum (NYSE:APC) and Occidental Petroleum (NYSE:OXY). Berkshire received a great return in exchange for those shares, but Berkshire still has plenty of money in the vault.Since Berkshire is such a well-run and well-financed company, buying Berkshire Hathaway stock sure isn't the worst investment on the block. Trading BRK.B StockIf BRK.B stock corrects,, longer term buyers may have a good opportunity. Berkshire Hathaway stock has bounced off the $197-$198 area multiple times in the past year. It will hopefully do so again if the shares reach that level again. Also worth pointing out is that the 100-week moving average of BRK.B stock stands at $198, while the 50-week is at $204, near its current levels.The fact that Berkshire Hathaway stock has dropped slightly below $204 isn't a bad development, either, particularly for long-term investors.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Is Berkshire Hathaway Stock the Perfect Name to Buy Amid the Chaos? appeared first on InvestorPlace.

  • Financial Times4 days ago

    Buffett’s Berkshire Hathaway reveals $861m Amazon stake

    Berkshire Hathaway, the conglomerate controlled by billionaire investor Warren Buffett, disclosed on Wednesday its stake in Amazon was valued at $860.6m at the end of March. earlier this month that Berkshire had invested in the e-commerce giant, telling CNBC, “I’ve been a fan, and I’ve been an idiot for not buying”. Berkshire also has partnered with Amazon and JPMorgan Chase on a joint healthcare venture called Haven.

  • Comerica’s new CEO says California's cooling economy isn't dampening his enthusiasm for the state
    American City Business Journals4 days ago

    Comerica’s new CEO says California's cooling economy isn't dampening his enthusiasm for the state

    The bank has almost every line of business in the Bay Area, including wealth management as well as lending to small and mid-sized companies and real estate investors.

  • Markit5 days ago

    See what the IHS Markit Score report has to say about Wells Fargo & Co.

    Wells Fargo & Co NYSE:WFCView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for WFC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting WFC. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding WFC totaled $7.91 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. WFC credit default swap spreads are rising towards above average levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • First startups named for Danforth Center/Wells Fargo agtech incubator
    American City Business Journals5 days ago

    First startups named for Danforth Center/Wells Fargo agtech incubator

    Each of the five early-stage startups selected for the Wells Fargo Innovation Incubator's first agtech cohort will be awarded $250,000 in non-dilutive funding and be paired with Danforth Center scientists who will serve as principal investigators conducting research on the company’s behalf.

  • Trade war worries creating 'insanity' in the market, Wall Street bull Tony Dwyer says
    CNBC Videos5 days ago

    Trade war worries creating 'insanity' in the market, Wall Street bull Tony Dwyer says

    Tony Dwyer, Canaccord Genuity, says insanity means opportunity and that investors should stay the course. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.