Seaport Res Ptn Has Negative Outlook of WFC Q2 Earnings

Wells Fargo & Company (NYSE:WFC - Free Report) - Seaport Res Ptn cut their Q2 2025 earnings per share estimates for Wells Fargo & Company in a report issued on Saturday, April 12th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $1.44 per share for the quarter, down from their prior forecast of $1.48. The consensus estimate for Wells Fargo & Company's current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company's Q3 2025 earnings at $1.52 EPS, Q2 2026 earnings at $1.67 EPS and FY2026 earnings at $6.75 EPS.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $20.15 billion during the quarter, compared to analysts' expectations of $20.82 billion. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share.

A number of other research analysts have also weighed in on the company. Raymond James reduced their price target on Wells Fargo & Company from $88.00 to $78.00 and set a "strong-buy" rating on the stock in a research note on Monday. Phillip Securities raised shares of Wells Fargo & Company from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday. Bank of America lowered their target price on shares of Wells Fargo & Company from $85.00 to $83.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler lowered their price objective on shares of Wells Fargo & Company from $77.00 to $75.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Morgan Stanley boosted their price target on Wells Fargo & Company from $79.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.34.

Wells Fargo & Company Trading Up 1.0 %

Shares of Wells Fargo & Company stock traded up $0.65 during mid-day trading on Tuesday, hitting $64.63. 18,930,900 shares of the stock were exchanged, compared to its average volume of 17,611,591. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $211.02 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The company has a 50-day simple moving average of $71.53 and a 200 day simple moving average of $70.98. Wells Fargo & Company has a twelve month low of $50.15 and a twelve month high of $81.50.

Institutional Trading of Wells Fargo & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in WFC. Rialto Wealth Management LLC acquired a new stake in shares of Wells Fargo & Company in the 4th quarter valued at about $26,000. Investment Counsel Co. of Nevada bought a new stake in Wells Fargo & Company in the fourth quarter valued at about $28,000. BNP Paribas acquired a new stake in Wells Fargo & Company during the fourth quarter valued at approximately $28,000. Modus Advisors LLC bought a new position in Wells Fargo & Company during the 4th quarter worth approximately $30,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $30,000. Institutional investors own 75.90% of the company's stock.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Friday, February 7th. Wells Fargo & Company's dividend payout ratio (DPR) is currently 28.73%.

About Wells Fargo & Company

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.