Wells Fargo
Market Cap
US$211.7b
Last Updated
2019/10/16 23:42 UTC
Data Sources
Company Financials +
Executive Summary
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.
Snowflake
Fundamentals
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Wells Fargo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.0%
WFC
4.8%
US Banks
2.3%
US Market
1 Year Return
-8.9%
WFC
0.04%
US Banks
5.6%
US Market
Return vs Industry: WFC underperformed the US Banks industry which returned 0% over the past year.
Return vs Market: WFC underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| WFC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 4.8% | 2.3% |
| 30 Day | 1.2% | -0.5% | -1.0% |
| 90 Day | 8.2% | 2.0% | -0.7% |
| 1 Year | -5.4%-8.9% | 2.9%0.04% | 7.9%5.6% |
| 3 Year | 20.5%9.6% | 51.5%41.1% | 45.6%36.3% |
| 5 Year | 15.0%-1.2% | 70.9%52.3% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Wells Fargo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Is Wells Fargo & Company's (NYSE:WFC) P/E Ratio Really That Good?3 months ago | Simply Wall St
Should Investors Buy Wells Fargo & Company (NYSE:WFC) And Lock In The 3.9% Dividend Yield?4 months ago | Simply Wall St
Is Wells Fargo & Company (NYSE:WFC) Potentially Undervalued?Valuation
Is Wells Fargo undervalued compared to its fair value and its price relative to the market?
10.6x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: WFC ($49.59) is trading above our estimate of fair value ($44.67)
Significantly Undervalued: WFC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WFC is good value based on its PE Ratio (10.6x) compared to the Banks industry average (12.6x).
PE vs Market: WFC is good value based on its PE Ratio (10.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: WFC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WFC is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Wells Fargo forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
-5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WFC's earnings are forecast to decline over the next 3 years (-5% per year).
Earnings vs Market: WFC's earnings are forecast to decline over the next 3 years (-5% per year).
High Growth Earnings: WFC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WFC's revenue is expected to decline over the next 3 years (-2.2% per year).
High Growth Revenue: WFC's revenue is forecast to decline over the next 3 years (-2.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: WFC's Return on Equity is forecast to be low in 3 years time (11%).
Next Steps
Past Performance
How has Wells Fargo performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: WFC's earnings have declined by -0.8% per year over the past 5 years.
Accelerating Growth: WFC's earnings growth over the past year (1.9%) exceeds its 5-year average (-0.8% per year).
Earnings vs Industry: WFC earnings growth over the past year (1.9%) underperformed the Banks industry 31.8%.
Return on Equity
High ROE: WFC's Return on Equity (12%) is considered low.
Return on Assets
ROA vs Industry: WFC has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate WFC's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Wells Fargo's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: WFC has a low level of unsold assets or inventory.
Debt Coverage by Assets: WFC's debt is covered by short term assets (assets are 1.039510x debt).
Financial Institutions Analysis
Asset Level: WFC's level of assets compared to its equity is low.
Allowance for Bad Loans: WFC has a sufficient allowance for bad loans.
Low Risk Liabilities: WFC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WFC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: WFC's loans are broadly funded by customer deposits.
Level of Bad Loans: WFC has an appropriate level of bad loans (0.62%)
Next Steps
Dividend
What is Wells Fargo's current dividend yield, its reliability and sustainability?
4.11%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: WFC's dividend (4.11%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: WFC's dividend (4.11%) is in the top 25% of dividend payers in the US market (3.76%)
Stable Dividend: WFC's dividend payments have been volatile in the past 10 years.
Growing Dividend: WFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.6%), WFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WFC's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).
Next Steps
Management
What is the CEO of Wells Fargo's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
C. Parker (64yo)
0.6yrs
Tenure
Mr. C. Allen Parker serves as Interim CEO, President and Director of Wells Fargo & Company since March 28, 2019. Mr. Parker served as the Senior Executive Vice President and General Counsel of Wells Fargo ...
Management Age and Tenure
3.4yrs
Average Tenure
57yo
Average Age
Experienced Management: WFC's management team is considered experienced (3.4 years average tenure).
Board Age and Tenure
2.7yrs
Average Tenure
65yo
Average Age
Experienced Board: WFC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Executive Vice President of Wholesale Banking |
| Shares | 28,304 |
| Max Price | US$46.51 |
Ownership Breakdown
Management Team
John Campbell (85yo)
Head of Investor Relations
- Tenure: 0yrs
Debra Chrapaty (58yo)
Chief Technology Officer
- Tenure: 0.3yrs
Rich Levy (61yo)
Executive VP
- Tenure: 0yrs
C. Parker (64yo)
Interim CEO
- Tenure: 0.6yrs
Avid Modjtabai (57yo)
Head of Payments
- Tenure: 12.5yrs
- Compensation: US$10.39m
Mary Mack (56yo)
Head of Consumer Banking
- Tenure: 2.7yrs
- Compensation: US$8.60m
John Shrewsberry (53yo)
Senior EVP & CFO
- Tenure: 5.4yrs
- Compensation: US$12.53m
Hope Hardison (54yo)
Chief Administrative Officer
- Tenure: 4.2yrs
Perry Pelos (55yo)
Senior Executive Vice President of Wholesale Banking
- Tenure: 10.7yrs
- Compensation: US$8.99m
David Pope
Chief Operating Office
- Tenure: 0.3yrs
Board Members
Ron Sargent (63yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: US$359.16k
Ted Craver (67yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$403.60k
Don James (70yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$358.00k
John Baker (70yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$350.00k
Betsy Duke (66yo)
Independent Chairman of the Board
- Tenure: 1.8yrs
- Compensation: US$631.00k
C. Parker (64yo)
Interim CEO
- Tenure: 0.6yrs
Henry Jordan (63yo)
Chairman & CEO of Wells Fargo Capital Finance
- Tenure: 0yrs
Maria Morris (56yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$412.61k
Jim Quigley (67yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$417.00k
Zan Vautrinot (59yo)
Independent Director
- Tenure: 4.7yrs
- Compensation: US$348.16k
Company Information
Wells Fargo & Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wells Fargo & Company
- Ticker: WFC
- Exchange: NYSE
- Founded: 1852
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$211.707b
- Shares outstanding: 4.27b
- Website: https://www.wellsfargo.com
Number of Employees
Location
- Wells Fargo & Company
- 420 Montgomery Street
- San Francisco
- California
- 94163
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WFC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| WFC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| 0R2F | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| WFC * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
| NWT | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1968 |
| WFC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| NWT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| WFC | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Jan 1968 |
| WFC | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 5 REP 1 COM USD1.666666 | AR | ARS | Jul 2001 | |
| WFC.PRL | NYSE (New York Stock Exchange) | PERP PFD CNV A | US | USD | Apr 2008 | |
| NWT2 | DB (Deutsche Boerse AG) | 7.98%-FR PERP PRF CL 'A' SRS K USD1000 | DE | USD | Jan 2009 | |
| WFCO34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM SH | BR | BRL | Jan 2012 | |
| WFC.PRN | NYSE (New York Stock Exchange) | DEP SHS REPSTG 1 | US | USD | Aug 2012 | |
| WFC.PRO | NYSE (New York Stock Exchange) | DEP1/1000PF CL A | US | USD | Nov 2012 | |
| WFC.PRP | NYSE (New York Stock Exchange) | DEP1/1000PF CL A | US | USD | Mar 2013 | |
| WFC.PRQ | NYSE (New York Stock Exchange) | DEP SHS 1/1000 A | US | USD | Jul 2013 | |
| WFC.PRR | NYSE (New York Stock Exchange) | DEP 1/1000 PFD A | US | USD | Dec 2013 | |
| WFC.PRT | NYSE (New York Stock Exchange) | DEP SHS 1/1000 T | US | USD | Jul 2014 | |
| WFC.PRV | NYSE (New York Stock Exchange) | DEP PFD V 1/1000 | US | USD | Sep 2015 | |
| WFC.PRW | NYSE (New York Stock Exchange) | PFD SER W CL A | US | USD | Jan 2016 | |
| WFC.PRX | NYSE (New York Stock Exchange) | PFD SER X CL A | US | USD | Jun 2016 | |
| WFC.PRY | NYSE (New York Stock Exchange) | 5.625 DP SH PF Y | US | USD | Apr 2017 | |
| NWTD | DB (Deutsche Boerse AG) | 5.9%-FRN SUB PERP USD 'S' | DE | USD | Jun 2019 |
Biography
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:42 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.