WFC - Wells Fargo & Company

NYSE - NYSE Delayed Price. Currency in USD
-0.10 (-0.21%)
At close: 4:01PM EDT

47.49 -0.06 (-0.13%)
Pre-Market: 8:36AM EDT

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Previous Close47.65
Bid47.30 x 4000
Ask47.53 x 800
Day's Range46.92 - 47.96
52 Week Range43.02 - 59.53
Avg. Volume22,686,504
Market Cap214.543B
Beta (3Y Monthly)1.27
PE Ratio (TTM)10.52
EPS (TTM)4.52
Earnings DateJul 16, 2019
Forward Dividend & Yield1.80 (3.73%)
Ex-Dividend Date2019-01-31
1y Target Est52.60
Trade prices are not sourced from all markets
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  • After Bank Earnings, Is It Time to Buy?
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    Bank executives were before Congress April 10, testifying about how sorry they were for past sins and how they've learned their lesson.Source: Shutterstock They haven't. They won't. They're bankers. Bankers will always go for the green, because to do otherwise is to lose out to a banker who will.Thus, banking is ta heavily regulated industry. In its way, banking is a form of gambling. Without some restraint on their natural instincts, they'll lay the mortgage down at the dog track.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe first quarter of 2019 was very, very good for the big banks. Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) all beat the S&P 500 average gain of 11% (though that last one is having a rough go after earnings). Most are still trading at price to earnings multiples at single digits or in the low teens, even after beating analyst estimates. Earnings as ExpectedGood news was expected. The big banks featured "whisper numbers" that were ahead of official estimates -- and those numbers were largely justified.Citigroup, which got hit hardest of all the big banks for the 2008 collapse, was expected to earn about $4.1 billion, $1.78 per share, although its "whisper number" is for earnings of $1.84. (It earned $1.87.) That was on $18.57 billion of revenue (a slight miss), meaning almost 22 cents on every dollar that came in hit the net income line. This is nice work if you can get it. * 7 Stocks That Can Outperform for Years Bank of America expected earnings of about $6.5 billion, 67 cents per share, on revenue of $23.29 billion. Again, they were hoping for 69 cents, and taking almost 28 cents of every dollar to the net income line. Final earnings of 68 cents put them right in the ballpark.For Goldman Sachs, analysts expected $5.05 per share, got $5.71, but the stock fell after revenue of $8.81 billion fell short of the estimated $8.97 billionThese are good times, evidenced by Bank of America raising its minimum wage for employees to $20 per hour. How much better might things be if regulations "holding them back" were loosened. The Trump Federal Reserve, and Republicans, all agree.Thus, the strategy last week was to play the victim before Congress. The harsher Democratic attacks on their past action, the more loudly they insisted they learned lessons and won't do it again. Like the Runyonesque gangsters at the Mission prayer meeting in Guys and Dolls. "Sit down, you're rocking the boat." The Real Threat for Bank StocksOther than deregulation, the big threat to big banks lies in fintech, which can replace nearly all banking jobs with computers. Square (NYSE:SQ) is just one fintech going into small business lending, once the banks' primary means of support. The biggest mortgage lender is no longer Wells Fargo (NYSE:WFC) but Quicken Loans, a fintech company. Small banks are partnering with fintechs to go after deposits against big banks on a level playing field. Since the bull market's start 10 years ago, the gains at all the big banks have been dwarfed by those at Charles Schwab (NYSE:SCHW), an online broker.In most industries, like technology, big players buy up the challengers and get even bigger. But the banks, most notably Wells Fargo, are still having their growth constrained by regulators. In Goldman Sachs' recent deal with Apple (NASDAQ:AAPL) to handle credit cards, it's the tech company, not the bank, that's doing the heavy lifting. The Bottom LineBig banks are still where the money is. They're still the safest place to keep cash when a crisis hits, because if things get bad, they will be bailed out. They're still your best defensive play in an uncertain market.Banks hate that and, facing the technology future, they have reason to.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM, SCHW, and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post After Bank Earnings, Is It Time to Buy? appeared first on InvestorPlace.

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  • Wells Fargo Stock Might Underperform Its Peers
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    [Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Investing in your 20s is not only smart, it's exciting. The best part about creating a long-term portfolio, whether while going back to school or taking time off, is having the time to invest in undervalued companies.When looking at stocks to buy in your 20s, it's all about opportunity cost, which is spent in spades throughout your late-teens and as an aimless 20-something. Long-term investors have the benefit of time, allowing them to ride out turbulence others can't.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYour 20s are a time of future gazing, and as an investor, you should choose adaptable companies capitalizing on current trends. Just remember, no matter how solid the investment, it will go through periods of ups and downs.Centering your portfolio around risky stocks, however, isn't a brick-by-brick blueprint toward retirement wealth -- you should also consider faithful, dividend-paying stocks. Just like knowledge, wealth grows slowly and steadily. * 7 AI Stocks to Watch with Strong Long-Term Narratives While analysts claim there are some stocks you can hold "forever," it's important to keep up with what's in your portfolio and make changes according to how each company develops.If you're a 20-something looking to capitalize on long-term growth and dividends, then the following 10 stocks to buy are worth a look.Source: JD Lasica/ via Flickr TripAdvisor (TRIP)Shares of travel review site TripAdvisor (NASDAQ:TRIP) took a beating in 2017 and 2018 mostly on investor concerns about new entrants like Airbnb and new search tools from powerhouses like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) disrupting the space.However, TRIP stock has since made a significant comeback.Part of this comeback is the fact that TripAdvisor has something no other site in the online travel industry does: extensive data. Knowledge is power and TRIP definitely has that going for itself. The company is home to one of the largest online collections of traveler reviews, boasting over 500 million reviews encompassing seven million hospitality businesses.What's that mean exactly? For starters, access to mounds of data means TripAdvisor can better optimize the experience it offers its 415 million monthly users. That means pricing optimization, special offers tailored individually and stronger insights than competitors into their customers' needs.And that's only just scratched the surface of what it can do with such a robust database. Global tourism generated $7.6 trillion in 2014, and so long as it continues to grow, TRIP will continue beefing up its user database.For comparison's sake, Expedia (NASDAQ:EXPE) only brings in 84.5 million monthly users, while Priceline (NASDAQ:PCLN) has a fraction at 16 million.Having access to such robust data informs TripAdvisor's strategy, as the company recently reined in its InstantBooking feature in favor of giving users the superior experience of price comparisons that direct bookings to partner sites.According to Forbes, 70% of millennials say they're working just to pay for vacations and travel. Gen Z is becoming increasingly obsessed with travel from a social perspective. They want to go places and share their experience with others. TripAdvisor not only operates in the travel space, but its primary function is helping people find experiences others have enjoyed.Further, TRIP is expanding the functionality of its mobile site and app, both of which should help the firm gain traction with millennials. With the firm about to turn a corner, now would be a great time to add the stock to your long-term portfolio.Source: swong95765 via Flickr (Modified) Chevron (CVX)While your 20s are definitely a time to make risky bets on growth stocks, it's important to round out your portfolio with stocks to build wealth slowly and steadily. That's why dividend stocks are attractive, particularly if they're consistent and sustainable. To that end, we have Chevron (NYSE:CVX), which is a dividend aristocrat.That doesn't mean it's walking around in fancy robes with its nose up, it means Chevron has increased its dividend annually without interruption for the past 25 years.Dividend aristocrats typically do whatever they can to maintain their status and that's certainly true in Chevron's case.Chevron currently yields just sh of 4%, which management continued to pay out even when crude prices were scraping the bottom of the barrel. With the firm on the rebound, investors will benefit from Chevron's cost-cutting measures and increased efficiency. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Meanwhile, management is focused on improving profitability, even during the down cycle, which should be a boon for CVX stock as crude prices increase.Another thing to like about CVX is that it has a relatively small debt load with a quarterly debt-equity ratio of just 24%. Compare that to BP (NYSE:BP), for example, which has a debt ratio of 63%, and you can see that CVX is on the low end of debt accumulation in the oil sector.Chevron is a tightly run ship, giving the firm the ability to thrive in difficult times. That's good for long-term investors who might see oil cycle through another down period in the years to come.Looking toward future growth, CVX is expecting to see its production rise to nearly three million barrels per day over the next 10 years. That figure takes into account Chevron's anticipated shale and capital projects as well as the firm's cost-cutting measures, which significantly reduced the firm's exploration potential.The firm's $200 billion market cap makes it one of the largest companies in the U.S. and a solid pick in the oil and gas sector. CVX offers stability and income growth, both of which will be useful to investors in their 20s.Source: Shutterstock \ Facebook (FB)Investing in Facebook (NASDAQ:FB) now doesn't sound like an entirely new idea, but Zuckerberg & Co.'s days as merely a social media site are ending. I'm expecting to see the firm morph into an even larger tech powerhouse in the decades to come.Facebook has size and scale on its side, which is a huge advantage in the tech space. The company owns the two most popular messaging services in the world, Messenger and WhatsApp, and has yet to do anything about monetizing them.Simply allowing businesses to communicate directly with customers through these platforms would be a big moneymaker for FB advertising wise, but most expect that Facebook has bigger plans to harness the potential Messenger and WhatsApp hold.FB has also developed payments platforms, which would allow businesses to charge for services they offer via Facebook.Not only would that make Facebook's advertising business all the more profitable, because advertisements could more easily be converted into sales, but it would open up a new revenue stream for FB if the firm collects a fee for processing.Source: Shutterstock Remember what I said about having time to absorb the ups and downs? Well, Baidu (NASDAQ:BIDU) is one of those stocks that you may have to absorb some downs with. The Chinese tech company has been compared to Google because the firm's search engine dominance resembles Google's early days.There is a huge amount of growth potential ahead for Chinese tech firms, especially a search engine like BIDU. Just over half of China's population has access to the internet, so the market is relatively new when you compare it to that of the U.S. Since the trade war can't last forever, if time is your ally you have to at least consider BIDU stock. * 7 High-Risk Stocks With Big Potential Rewards Not only that, but Baidu has been working to expand its autonomous driving technology in the race to create self-driving cars. The firm has already made its driverless car technology available for automakers to use and test in a bid to become somewhat of an autonomous car "operating system."It's also likely that Chinese companies will get their cars on the road sooner because fewer people own cars in China. That makes for a higher adoption rate, as 75% of Chinese respondents indicated they would ride in a self-driving taxi, while only 52% of Americans would.What's more, China has a bigger auto industry and its government is hungry for large-scale projects. And while it seems counterintuitive considering China's complex system of roads, the real advantage is with navigation.The difficult conditions necessary to debut an autonomous vehicle in China means it will have a far easier time "porting" the system to the United States than the other way around. That means, for Baidu, international expansion will likely be much faster and less costly.Source: Javier Gonzalez Via Flickr Starbucks (SBUX)Starbucks (NASDAQ:SBUX) is one of my favorite long-term buys because the company has proven itself to be an adaptable staple in markets all over the world. The company has weathered shifting consumer preferences toward independent, non-chain restaurants by incorporating local goods in their restaurants and revamping store appearances to reflect local cities.SBUX has also capitalized on the craft beer trend by creating its own Reserve Roastery where coffee lovers can sample different types of coffee and learn about the process. But all of that pales in comparison to SBUX's dominance in mobile.The Starbucks app is a textbook lesson in how to use mobile to enhance your business. Customers are able to upload money to the app and order and pay for their coffee in advance to avoid waiting in line; 30% of the firm's transactions take place on the app, a figure likely to grow even more as SBUX continues to invest in its mobile technology.Starbucks maintained an image millennials are comfortable with as the rest of the fast food industry struggled and the firm's focus on mobile has made it convenient to frequent.Source: Shutterstock Netflix (NFLX)Cutting the cable cord is gaining popularity in large part due to the growing popularity of streaming services like Netflix (NASDAQ:NFLX). The firm has already seen exponential growth over the past 10 years, causing some to wonder whether we're at the beginning of the end of NFLX stock's dominance.However, with a market cap under $1 billion, NFLX still has room to grow. If NFLX gains roughly 10% per year for the next 15, the firm would have a market cap of less than $150 billion, which isn't unreasonable when you consider Netflix still has a lot of room to run in foreign markets. * 10 Medical Marijuana Stocks to Cure Your Portfolio Netflix is only just beginning to ramp up in countries around the world and the firm hasn't been able to turn out the kind of profit investors are looking for because it has to pay for content licensing and new content creation.With that in mind, streaming is still a relatively new concept and as it becomes more common, NFLX will be establishing itself as a market leader around the globe.Source: Jeffrey Beall via Flickr (Modified) Waste Management (WM)While admittedly not as shiny and new as stocks like NFLX, Waste Management (NYSE:WM) is a great stock to buy and hang on to because it operates in an industry almost certain to keep growing.Waste Management owns and operates landfills and collection trucks and negotiates contracts with local governments to collect and dispose of rubbish in the area. What's good about WM is the company's ownership of local refuse sites means the company doesn't suffer from a lot of customer turn-over.Not only that, we appear to be a long way off from changing the way we dispose of and recycle our garbage. Consumers are going to keep on consuming and producing waste companies like WM will deal with.Unlike tech firms, WM is unlikely to suffer from a major industry disruptor anytime soon, so it makes for a good stock to hold on to. Not to mention that WM offers a 1.97% dividend yield, so keeping it in the long-term is a great way to build wealth.Source: Shutterstock General Motors (GM)U.S. automaker General Motors (NYSE:GM) is another good bet for a long-term investor because the company has a stake in all of the industry-changing trends on the horizon. GM bought up 9% of Lyft last year in an effort to get in on ride-sharing, a trend threatening to change the way people buy and use their cars.GM has also been a major player in the electric vehicle space, specifically designing mass-appeal cars like its Chevy Bolt. The car is eligible for a tax credit that brings its price down to the $30,000 level, making it accessible to a wider audience than most electric cars cater to. * 7 Biometric Stocks to Watch as AI Rises GM has also been working to develop driverless cars, and the firm's acquisition of Cruise Automation last year is proof it is a top priority.GM has plans to create an autonomous electric car, a testament to management's belief that electric cars are the future of the auto industry. According to now-President Mark Reuss, creating a gas-powered autonomous vehicle is a wasted step. He believes that electric cars will soon dominate the roads, so autonomous driving software should be designed with that in mind.Reuss said that GM may be slower to develop autonomous driving software, but that's only because the firm is hoping to create technology that is designed for use in electric vehicles.Source: Shutterstock International Business Machines (IBM)When you're in your 20s and looking for hot tech stocks to buy, International Business Machines Corp. (NYSE:IBM) doesn't exactly spring to mind, but the firm's tumultuous few years as a washed-up hardware firm have made IBM stock a bargain.IBM is doing some big things in the machine learning space and its Watson supercomputer has the potential to disrupt a wide variety of industries, from cybersecurity to health analytics. While IBM has yet to break out figures for Watson, its potential to slash healthcare costs and improve personalized medicine makes IBM a potential powerhouse.Watson may eventually be able to use massive databases of patient information to make connections between symptoms and diseases that medical professionals would have overlooked. This could revolutionize the way healthcare professionals diagnose, as well as save the healthcare industry loads of money by correctly identifying treatable conditions early on.But Watson isn't the only reason to scoop up IBM stock. The company has been successful so far in orchestrating its turnaround, and the company appears to be returning to growth as well as to have rounded a corner away from hardware and on to cloud computing and analytics.Those two segments make up more than half of IBM's revenue at this point, a good sign that the firm is on track to shift away from its legacy hardware business. The fact that its quickly growing strategic imperatives arm is becoming a much more substantial part of the firm's business is a good sign for future growth.Not only will shareholders reap the rewards of an IBM turnaround over the next decade, but the firm also pays out a 5.2% dividend yield, a sweet reward for riding out the turbulence. IBM generates an impressive amount of free cash flow and its 47% payout ratio means that dividend is stable and likely to increase in the years to come.At the time of this writing, Laura Hoy was long SBUX, FB and NFLX stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Heavily Discounted Stocks to Buy Today * My 7 Worst Stock Picks of 2018 Compare Brokers The post 9 Stocks That Every 20-Year-Old Should Buy appeared first on InvestorPlace.

  • Wells Fargo Stock Very Well May Be the GE of the Banking Sector
    InvestorPlace2 days ago

    Wells Fargo Stock Very Well May Be the GE of the Banking Sector

    Wells Fargo (NYSE:WFC) fell on Friday following the company's earnings release. The company reported higher revenues and earnings than analysts had predicted. However, lowered guidance sent the stock tumbling, and analyst downgrades of WFC stock followed.Source: Shutterstock Almost three years after news of its scandal broke, concerns about Wells Fargo stock have persisted. Continued revelations may have led to the sudden resignation of Tim Sloan, and now the company must find a CEO who can turn the company around.This places a cloud over WFC, and until the company can show that it has reformed itself, average investors should probably avoid this equity.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 AI Stocks to Watch with Strong Long-Term Narratives Lowered Guidance and WFC stockAt first glance, WFC stock may look like a buying opportunity. The forward price-to-earnings (PE) ratio has fallen to about 8.3. Analysts also foresee double-digit profit growth both this year and in the foreseeable future. WFC stock even opened trading higher on Friday following the company's better-than-expected revenue and earnings.However, the equity quickly reversed course when the bank lowered the outlook on its net interest income. CFO John Shrewsberry said net interest income would fall between 2% and 5% from last year's levels. Previous guidance set a range between -2% and an increase of 2%. Shrewsberry credited an unfavorable environment for rates as well as increased competition for the decline.With the flattening yield curve, one can argue that interest income would fall anyway. However, the report reinforces the reputation damage the company suffered from the fake accounts scandal of 2016. Revelations of scandal have continued as the bank later admitted to modifying mortgages without customer approval and charging for unneeded car insurance. Analyst Downgrades and Wells Fargo StockLast year, Senator Elizabeth Warren called for the firing of CEO Tim Sloan. Despite Sloan unexpectedly resigning in March, analysts continue to turn on the stock. Firms such as BofA Securities, a division of Bank of America (NYSE:BAC), and Goldman Sachs (NYSE:GS) downgraded Wells Fargo. Buckingham Research Group followed suit as their analyst referred to WFC as "dead money."Even Warren Buffett has sent mixed signals. Buffett once regarded WFC as his favorite stock and continues to voice support for the company. Last year, he predicted WFC would be worth "a great deal more" in ten years. He even expressed confidence in Sloan hours before he resigned.However, Buffett has reduced his stake in WFC stock in every quarter since Q2 2017. Buffett's Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) once owned more than 506 million shares. More recently, the Berkshire portfolio held just over 426.7 million shares as of the last quarterly statement. The GE of Banking Stocks?In fairness, reasons besides loss of confidence in WFC stock could explain Buffett's stock sales. Still, unloading millions of shares every quarter does not imply confidence. Also, the continuing revelation of new scandals leaves even bottom fishers questioning whether a scandal suggests a buying opportunity for Wells Fargo stock or a genuine long-term threat. In some respects, this makes WFC look like GE (NYSE:GE), a stock that fell to single-digit levels on a slow trickle of bad news.As with GE, the periodic revelations undermined confidence in the company and may have shortened the tenure of the previous CEO. Now, investors need a leadership team who can truly come clean and address the scandals that have plagued the stock over the last three years. Until investors can have a reasonable assurance that Wells Fargo has fixed itself, they cannot build confidence in Wells Fargo stock. The Bottom Line on Wells Fargo StockThe previous quarterly report shows that questions about WFC stock persist. WFC fell on lowered guidance. However, with the short tenure of former CEO Tim Sloan, the company still faces challenges in recovering from scandals that began to come to light in 2016. Analysts continue to downgrade the equity, and Warren Buffett's words and actions toward Wells Fargo stock continue to send mixed signals.This news has repelled investors who might otherwise buy on WFC's single-digit PE and double-digit profit growth. The slow trickle of new revelations seems to resemble the reputation issues facing GE. Like with GE, Wells Fargo needs to show investors that the company has leveled with the public and has committed itself to reform.On paper, Wells Fargo looks like a low-priced equity. Its current challenges could even lead to an eventual buying opportunity. However, until management can inspire such a belief in itself, WFC stock will probably struggle to sustain a move higher.As of this writing, Will Healy is long BRK.B stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Wells Fargo Stock Very Well May Be the GE of the Banking Sector appeared first on InvestorPlace.