We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wells Fargo (WFC) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
In the latest close session, Wells Fargo (WFC - Free Report) was up +2.3% at $85.05. This change outpaced the S&P 500's 0.57% loss on the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The biggest U.S. mortgage lender's shares have seen an increase of 11.79% over the last month, surpassing the Finance sector's gain of 4.57% and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of Wells Fargo in its upcoming release. The company plans to announce its earnings on July 14, 2026. On that day, Wells Fargo is projected to report earnings of $1.71 per share, which would represent year-over-year growth of 11.04%. Our most recent consensus estimate is calling for quarterly revenue of $21.65 billion, up 3.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.84 per share and a revenue of $87.69 billion, representing changes of +8.92% and +4.77%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Wells Fargo. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Wells Fargo is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Wells Fargo is at present trading with a Forward P/E ratio of 12.15. This signifies a discount in comparison to the average Forward P/E of 14.26 for its industry.
It is also worth noting that WFC currently has a PEG ratio of 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Bank industry had an average PEG ratio of 1.08 as trading concluded yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Wells Fargo (WFC) Rises As Market Takes a Dip: Key Facts
In the latest close session, Wells Fargo (WFC - Free Report) was up +2.3% at $85.05. This change outpaced the S&P 500's 0.57% loss on the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
The biggest U.S. mortgage lender's shares have seen an increase of 11.79% over the last month, surpassing the Finance sector's gain of 4.57% and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of Wells Fargo in its upcoming release. The company plans to announce its earnings on July 14, 2026. On that day, Wells Fargo is projected to report earnings of $1.71 per share, which would represent year-over-year growth of 11.04%. Our most recent consensus estimate is calling for quarterly revenue of $21.65 billion, up 3.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.84 per share and a revenue of $87.69 billion, representing changes of +8.92% and +4.77%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Wells Fargo. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.26% higher within the past month. Wells Fargo is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Wells Fargo is at present trading with a Forward P/E ratio of 12.15. This signifies a discount in comparison to the average Forward P/E of 14.26 for its industry.
It is also worth noting that WFC currently has a PEG ratio of 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Bank industry had an average PEG ratio of 1.08 as trading concluded yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.