Wells Fargo & Company (NYSE:WFC) will release earnings for its fourth quarter before the opening bell on Wednesday, Jan. 15.
Analysts expect the San Francisco, California-based company to report quarterly earnings at $1.34 per share, up from 86 cents per share in the year-ago period. Wells Fargo projects to report quarterly revenue of $20.6 billion, compared to $20.48 billion a year earlier, according to data from Benzinga Pro.
Wells Fargo Bank, N.A. slashed its prime rate to 7.50% from 7.75%, effective Dec. 19, 2024.
Wells Fargo shares gained 2.2% to close at $72.86 on Monday .
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- JP Morgan analyst Michael Rehaut maintained a Neutral rating and cut the price target from $92.5 to $82 on Dec. 13, 2024. This analyst has an accuracy rate of 71%.
- Barclays analyst Matthew Bouley downgraded the stock from Overweight to Equal-Weight and cut the price target from $99 to $85 on Dec. 11, 2024. This analyst has an accuracy rate of 73%.
- Wedbush analyst Jay McCanless maintained a Neutral rating and raised the price target from $67 to $75 on Sept. 25, 2024. This analyst has an accuracy rate of 87%.
- B of A Securities analyst Rafe Jadrosich maintained a Neutral rating and boosted the price target from $75 to $90 on Sept. 19, 2024. This analyst has an accuracy rate of 67%.
- RBC Capital analyst Mike Dahl downgraded the stock from Sector Perform to Underperform with a price target of $70 on Sept. 5, 2024. This analyst has an accuracy rate of 72%.
Considering buying WFC stock? Here's what analysts think:
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