Wells Fargo & Co

$ 45.56 -0.03 (-0.07%)
Volume: 6,517,764 Avg Vol (1m): 18,542,339
Market Cap $: 205.08 Bil Enterprise Value $: 61.16 Bil
P/E (TTM): 10.11 P/B: 1.21
Earnings Power Value -22.08
Net Current Asset Value 0
Tangible Book 29
Projected FCF 84.92
Median P/S Value 48.15
Graham Number 54.31
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

GuruFocus Articles Total 779
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The sector is the largest in his portfolio by far

Investor Warren Buffett (Trades, Portfolio) endlessly encourages investors to stick to their “circle of competence.” At his Berkshire Hathaway (BRK.A)(BRK.B) annual conference in May, he said that he naturally took to the insurance business, which would become the core of his business empire.

“I knew when I met [Geico executive] Lorimer Davidson in January of 1951, I could get insurance. I mean, what he said made so much sense to me in the three or four hours I spent with him on that Saturday. So, I dug into it and I could understand it. My mind worked

1246 Views    Holly LaFon    2019-06-06 22:05
Details the 52-week lows for the following companies: Wells Fargo, 3M Co., United Parcel Service, Bristol-Myers Squibb, CVS Health and ConocoPhillips

According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows.

Wells Fargo reached the 52-week low of $44.37

The price of Wells Fargo & Co. (WFC) shares has declined to close to the 52-week low of $44.37, which is 27.7% off the 52-week high of $59.53. The company has a market cap of $199.41 billion.

Its shares traded with a price-earnings ratio of 9.82 and a price-sales ratio of 2.49 as of May 31. The trailing 12-month dividend yield is 3.97%. The forward dividend yield is 4.06%.

Wells Fargo is one of the four largest

705 Views    Joy Hu    2019-06-03 15:56
Wells Fargo & Co., United Parcel Service Inc., Gilead Sciences Inc. and Bristol-Myers Squibb Co. have declined to their respective 3-year lows

Wells Fargo & Co. (WFC), United Parcel Service Inc. (UPS), Gilead Sciences Inc. (GILD) and Bristol-Myers Squibb Company (BMY) have declined to their three-year lows.

Wells Fargo & Co. (WFC) declined to $44.37

The prices of Wells Fargo & Co. (WFC) shares have declined to $44.37 on May 31, which is only 3.0% above the 3-year low of $43.02.

Wells Fargo & Co. is an American international banking and financial services holding company. The bank is the world’s second largest bank by market capitalization and the third largest bank in the United States by assets. The company is the second

448 Views    Shuda Xia    2019-06-02 19:13
Firm's largest buys of the 1st quarter

The institutional money management firm First Pacific Advisors (Trades, Portfolio) LLC bought shares of the following stocks during the first quarter.

The guru started a new position in Univar Inc. (UNVR). The trade had an impact of 1.51% on the portfolio.

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The firm acquired a new position in Cabot Corp. (CBT), buying 529,143 shares. The trade had an impact of 0.19% on the portfolio.

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The company, which manufactures chemicals, materials and chemical-based products, has a market cap of $2.56 billion and an enterprise value

77 Views    Tiziano Frateschi    2019-05-22 16:42
Top buys include two of Buffett’s major bank holdings

Chris Davis (Trades, Portfolio), manager of the Davis Financial Fund, disclosed this week his top six buys for the first quarter were Bank of America Corp. (BAC), Capital One Financial Corp. (COF), Wells Fargo & Co. (WFC), Quest Diagnostics Inc. (DGX), Applied Materials Inc. (AMAT) and Apache Corp. (APA).

Managing a portfolio of 136 stocks, Davis seeks durable, well-managed businesses that can be purchased at value prices and held for the long term. The guru said in his 2019 annual review letter that despite a -15.97% return in 2018, the Davis Financial Fund has compounded shareholder wealth

512 Views    James Li    2019-05-14 21:43
A hundred of the pithiest, most informative and most incisive quotes from Warren and Charlie at this year's gathering

The faithful gathered in Omaha last weekend to absorb the wisdom of Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio). As in previous years, the Berkshire Hathaway (BRK.A)(BRK.B) leaders mused on the audience’s most pressing concerns of the day, spanning politics, business, stocks, personal life, human behavior, global ecology and what we all should do. Interspersed were their usual anecdotes and wit. From their 2019 annual meeting, here are the best quotes.

  1. “The first quarter of 2019 actually was much like the first quarter of 2018, and I hope very much that
1900 Views    Holly LaFon    2019-05-10 21:43
Charlie Munger set the tone for the 2019 Berkshire Hathaway Annual Meeting. He said that people involved in creating cryptocurrencies 'honored the life and work of Judas Iscariot'

Charlie Munger (Trades, Portfolio) set the tone for the 2019 Berkshire Hathaway Annual Meeting. He said that people involved in creating cryptocurrencies “honored the life and work of Judas Iscariot.” On many major subjects, questions were fired at Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) related to short comings which self-proclaimed expert observers see at Berkshire. These questions seemed to ask the same question each time. Which Berkshire employee/executive is the one who let everyone down even though they appeared to be giving their best effort?

A little history

408 Views    Smead Capital Management    2019-05-07 16:40
Some thoughts on the bank following 1st-quarter results

Wells Fargo (WFC) recently reported financial results for the first quarter of fiscal 2019.

For the quarter, revenues declined slightly to $21.6 billion, with a 1% increase in net interest income from a higher net interest margin (NIM) offset by a 4% decline in noninterest income. Net income was $5.9 billion, with diluted EPS climbing to $1.2 (helped by a lower effective tax rate).

Total average deposits were $1.3 trillion, down 3% from the year-ago period. The decline was due to lower Wholesale Banking deposits (-8%) and Wealth & Investment Management deposits (-14%), partially offset by higher retail banking deposits

2028 Views    The Science of Hitting    2019-04-23 15:20
S&P 500 up 16% for the year

The Dow Jones Industrial Average closed at 26,412.30 on Friday with a gain of 269.25 points or 1.03%. The S&P 500 closed at 2,907.41 for a gain of 19.09 points or 0.66%. The Nasdaq Composite closed at 7,984.16 for a gain of 36.80 points or 0.46%. The VIX Volatility Index was lower at 12.01 for a loss of 1.01 points or -7.76%.

For the week, the Nasdaq gained 0.90%, the S&P 500 gained 0.79% and the Dow Jones gained 0.51%. For the year, the Nasdaq is up 20.3%, the S&P 500 is up 16.0% and the Dow Jones has a

228 Views    Julie Young    2019-04-12 21:30
The beleaguered bank’s next boss will face a heavy lift

Wells Fargo & Co. (WFC) once enjoyed an enviable reputation among America’s biggest banks. Its brand was a watchword for prudence, honesty and quality customer service. That perception was shattered in 2016 with the revelation of a widespread fake accounts fraud scheme. Unsurprisingly, the bank’s reputation has been severely tarnished by that revelation, as well as by the series of further scandals that followed. Despite its best efforts to turn the corner, Wells Fargo’s problems continue to fester.

Evidently, the pressures of dealing with the extensive internal reform program while under intense government scrutiny have

322 Views    John Engle    2019-04-09 19:50

STAMFORD, Conn., April 03, 2019 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) announced that it has successfully renewed the IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). The transaction allows for up to $150 million in funding of the senior tranche from Wells Fargo Capital Finance, part of Wells Fargo & Company [: WFC], as well as a $2 million investment from Finacity Capital Management (“FCM”) in the intermediate subordinated note. Finacity served as structuring agent coordinating the renewal process on behalf

0 Views    Marketwired    2019-04-03 16:01

NEW YORK, April 01, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Wells Fargo & Company (:WFC), Public Service Enterprise Group Incorporated (:PEG), Apartment Investment and Management Company (:AIV), Gentherm Inc (THRM), Connecticut Water Service, Inc. (CTWS), and KalVista Pharmaceuticals, Inc. (KALV), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are

0 Views    Marketwired    2019-04-01 12:00
Buffett is largest shareholder at bank seeking new leadership after scandals

Shares of Wells Fargo (WFC) soared 3.08% in afterhours trading following the bank’s announcement that its CEO of almost three years, Tim Sloan, will retire.

Sloan assumed the role in October 2016 amid the scandal involving managers creating fake bank accounts to meet sales quotas. The ordeal led to the ouster of the former CEO, John Stumpf.

“Tim Sloan has served this company with pride and dedication for more than 31 years, including in his role as CEO since October 2016. He has worked tirelessly over this period for all of our stakeholders in the best long-term interest of Wells

408 Views    Holly LaFon    2019-03-28 21:46
As the market slumped, they picked these tech and financial stocks

As the market slumped in the fourth quarter, investors tracked by GuruFocus gravitated to several tech and financial stocks, particularly Facebook (FB) and Alphabet (GOOG).

The S&P 500 index declined 13.97% in the fourth quarter, marking its worst stretch since the third quarter of 2011, when it fell 14.33%. During the storm, the most popular stocks among investors tracked by GuruFocus, a group of the world’s most prominent managers, most of whom have a value slant, were: Facebook, Google, (Buffett’s third-largest holding) Wells Fargo (WFC), Goldman Sachs (GS) and Citigroup (C).

According to the S&P 500 Screener, the investors preferred

450 Views    Holly LaFon    2019-03-04 22:35
Berkshire’s top holdings as of year-end include Apple and two global banks

According to top 10 holdings data, the top six holdings of Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway Inc. (BRK.A)(BRK.B) as of year-end 2018 were Apple Inc. (AAPL), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), The Coca-Cola Co. (KO), American Express Co. (AXP) and The Kraft Heinz Co. (KHC).

Known as the “Oracle of Omaha,” Buffett follows a value investing strategy that adapts Benjamin Graham’s approach. Buffett and Berkshire co-manager Charlie Munger (Trades, Portfolio) prefer to buy good companies at fair prices instead of fair companies at good prices. Such companies

948 Views    James Li    2019-02-22 22:57
Guru’s new positions include Buffett holding Wells Fargo

David Tepper (Trades, Portfolio), founder of Appaloosa Management, disclosed last week he established three new holdings and increased his position in three others during fourth-quarter 2018.

A distressed-debt specialist, Tepper primarily invests in the debt of distressed companies. The founder of New Jersey-based Appaloosa has earned an international reputation for producing strong returns among Wall Street investors. During the December quarter, Tepper established holdings in Alerian MLP (AMLP), Allstate Corp. (ALL) and major Warren Buffett (Trades, Portfolio) holding Wells Fargo & Co. (WFC), and increased his

1488 Views    James Li    2019-02-18 22:28
JPMorgan, Wells Fargo and BofA offer a diverse outlook

2019 appears set to be a year of historic importance. Fears that the post-Great Recession bull market will come to an end are mounting, as are fears of outright economic downturn. There are countless factors at play, but that has not stopped some top analysts and institutions from making a stab at prognostication.

Most big investment banks have issued their forecasts for the year ahead. The outlooks presented by Wells Fargo ((WFC), JPMorgan Chase & Co. (JPM), and Bank of America (BAC) share a number of similarities, but each offers a different take on the unusually uncertain future.

444 Views    John Engle    2019-01-22 15:31
Some thoughts on the bank's 4th-quarter and full-year results

Wells Fargo & Co. (WFC) reported fourth-quarter and fiscal 2018 results on Tuesday morning.

The company ended the year with $745 billion in average consumer and small banking deposits (down 1%), with the slight year-over-year decline driven by customers moving cash to higher rate alternatives. Primary consumer checking accounts increased approximately 2% to 24 million, with digital customers and digital secure sessions +4% and +20%, respectively, reflecting continued customer migration to digital channels (as noted at JPMorgan’s (JPM) 2018 Investor Day, digitally engaged clients have a roughly 10% higher retention than non-digital clients).

Outstanding loans at quarter-end were

406 Views    The Science of Hitting    2019-01-17 17:54
Geopolitical headwinds result in lower investment bank and asset management revenues

JPMorgan Chase & Co. (JPM), a major Warren Buffett (Trades, Portfolio) bank holding, said fourth-quarter 2018 net earnings were $1.98 per share, down 22 cents from the consensus estimate of $2.20. This marked the New York-based bank’s first miss in four years.

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Investment bank and asset management revenue suffers on geopolitical headwinds

JPMorgan Chase reported corporate and investment bank revenues of $7.237 billion, down approximately $1.568 billion from the prior quarter. Chief Financial Officer Marianne Lake said during the earnings call that while the bank reported higher banking revenues, market

283 Views    James Li    2019-01-15 19:11
Bank posts earnings beat despite seeing sales declines in its three biggest businesses

Shares of Wells Fargo & Co. (WFC) fell after the company reported fourth-quarter and full-year 2018 results before the opening bell on Tuesday.

The San Francisco-based bank, which is one of Warren Buffett (Trades, Portfolio)’s largest holdings, posted earnings of $1.21 per share, topping Refinitiv’s estimates of $1.16. Revenue, though, declined 5% from the prior-year quarter to $20.98 billion, missing expectations of $21.73 billion.

This resulted in an annual sales decline for the bank while its peers, JPMorgan Chase (JPM) and Citigroup (C), touted increases earlier this week. For the full year, the company recorded earnings

258 Views    Sydnee Gatewood    2019-01-15 17:07

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