Wells Fargo
Market Cap
US$87.4b
Last Updated
2020/10/30 03:46 UTC
Data Sources
Company Financials +
Executive Summary
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
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
Stable Share Price: WFC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-9.2%
WFC
-5.4%
US Banks
-4.1%
US Market
1 Year Return
-59.5%
WFC
-30.9%
US Banks
12.0%
US Market
Return vs Industry: WFC underperformed the US Banks industry which returned -30.9% over the past year.
Return vs Market: WFC underperformed the US Market which returned 12% over the past year.
Shareholder returns
| WFC | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.2% | -5.4% | -4.1% |
| 30 Day | -10.1% | 3.4% | -0.2% |
| 90 Day | -12.9% | -0.4% | 2.8% |
| 1 Year | -57.6%-59.5% | -28.3%-30.9% | 14.6%12.0% |
| 3 Year | -58.4%-62.5% | -20.9%-27.5% | 35.8%26.8% |
| 5 Year | -55.5%-62.1% | 10.3%-3.4% | 75.2%55.6% |
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
2 months ago | Simply Wall St
We Wouldn't Be Too Quick To Buy Wells Fargo & Company (NYSE:WFC) Before It Goes Ex-Dividend3 months ago | Simply Wall St
Wells Fargo & Company (NYSE:WFC) Just Reported, And Analysts Assigned A US$29.36 Price Target3 months ago | Simply Wall St
Is Wells Fargo & Company (NYSE:WFC) An Attractive Dividend Stock?Valuation
Is Wells Fargo undervalued compared to its fair value and its price relative to the market?
54.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WFC ($21.14) is trading above our estimate of fair value ($9.74)
Significantly Below Fair Value: WFC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WFC is poor value based on its PE Ratio (54.1x) compared to the US Banks industry average (9.9x).
PE vs Market: WFC is poor value based on its PE Ratio (54.1x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: WFC is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: WFC is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Wells Fargo forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
54.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WFC's forecast earnings growth (54.2% per year) is above the savings rate (2.2%).
Earnings vs Market: WFC's earnings (54.2% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WFC's revenue (1.5% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: WFC's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WFC's Return on Equity is forecast to be low in 3 years time (7.5%).
Next Steps
Past Performance
How has Wells Fargo performed over the past 5 years?
-12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WFC has a large one-off loss of $1.1B impacting its September 30 2020 financial results.
Growing Profit Margin: WFC's current net profit margins (2.7%) are lower than last year (25.2%).
Past Earnings Growth Analysis
Earnings Trend: WFC's earnings have declined by 12.1% per year over the past 5 years.
Accelerating Growth: WFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WFC had negative earnings growth (-92.3%) over the past year, making it difficult to compare to the Banks industry average (-3.6%).
Return on Equity
High ROE: WFC's Return on Equity (1.8%) is considered low.
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
Financial Institutions Analysis
Asset Level: WFC's Assets to Equity ratio (10.6x) is moderate.
Allowance for Bad Loans: WFC has a sufficient allowance for bad loans (243%).
Low Risk Liabilities: 79% of WFC's liabilities are made up of primarily low risk sources of funding.
Loan Level: WFC has an appropriate level of Loans to Assets ratio (47%).
Low Risk Deposits: WFC's Loans to Deposits ratio (65%) is appropriate.
Level of Bad Loans: WFC has an appropriate level of bad loans (0.9%).
Next Steps
Dividend
What is Wells Fargo current dividend yield, its reliability and sustainability?
1.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WFC's dividend (1.89%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: WFC's dividend (1.89%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Stability and Growth of Payments
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 high payout ratio (417.3%), WFC's dividend payments are not 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 (32.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Charlie Scharf (55 yo)
1
Tenure
US$36,362,588
Compensation
Mr. Charles W. Scharf, also known as Charlie, has been the Chief Executive Officer, President and Director of Wells Fargo & Company since October 21, 2019. Mr. Scharf has been a Director of Visa Internatio ...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD36.36M) is above average for companies of similar size in the US market ($USD11.21M).
Compensation vs Earnings: Insufficient data to compare Charlie's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yr | US$36.36m | 0.0056% $ 4.9m | |
| Senior EVP & CEO of Commercial Banking | 11.58yrs | US$10.45m | 0.0041% $ 3.5m | |
| Senior EVP and CEO of Consumer & Small Business Banking | 3.58yrs | US$10.53m | 0.0034% $ 3.0m | |
| Senior EVP & Head of Technology | 1.5yrs | US$10.37m | 0.00041% $ 358.2k | |
| Senior VP & CFO | no data | no data | 0.000020% $ 17.5k | |
| Senior EVP & COO | 0.83yr | no data | no data | |
| Chief Accounting Officer & Executive VP | 0.58yr | no data | 0.000010% $ 8.7k | |
| Chief Technology Officer | 1.33yrs | no data | no data | |
| Chief Administrative Officer | 0.33yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer | 2.75yrs | no data | no data | |
| Senior Executive VP & General Counsel | 0.58yr | no data | no data |
1.2yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFC's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yr | US$36.36m | 0.0056% $ 4.9m | |
| Chairman & CEO of Wells Fargo Capital Finance | no data | no data | no data | |
| Independent Chairman | 0.58yr | US$232.79k | 0.00049% $ 428.1k | |
| Independent Director | 2.75yrs | US$360.03k | 0.00043% $ 375.7k | |
| Independent Director | 11.75yrs | US$376.03k | 0.00060% $ 524.2k | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Member of Environmental Advisory Board | 14.58yrs | no data | no data | |
| Independent Director | 2.75yrs | US$453.36k | 0% $ 0 |
14.6yrs
Average Tenure
65.5yo
Average Age
Experienced Board: WFC's board of directors are seasoned and experienced ( 14.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$87.361b
- Shares outstanding: 4.13b
- Website: https://www.wellsfargo.com
Number of Employees
Location
- Wells Fargo & Company
- 420 Montgomery Street
- San Francisco
- California
- 94104
- 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 |
| NWT | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | 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 | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Jan 1968 |
| WFC | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| 0R2F | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| WFC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| NWT | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | 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 | |
| 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) | NON CUM PFD Y | US | USD | Apr 2017 | |
| WFC.PRZ | NYSE (New York Stock Exchange) | DP PF CL A SR Z | US | USD | Jan 2020 |
Biography
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutio ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 03:46 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.