JPMorgan Chase & Co. Lowers Wells Fargo & Company (NYSE:WFC) Price Target to $91.00

Wells Fargo & Company (NYSE:WFC) had its price objective reduced by analysts at JPMorgan Chase & Co. from $99.50 to $91.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.84% from the company’s current price.

A number of other research analysts have also weighed in on WFC. CICC Research initiated coverage on shares of Wells Fargo & Company in a research note on Wednesday, January 14th. They issued a “market perform” rating and a $96.00 target price on the stock. Barclays raised their target price on shares of Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Freedom Capital lowered shares of Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Evercore reissued an “outperform” rating on shares of Wells Fargo & Company in a research note on Friday, March 6th. Finally, Argus raised their price target on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.70.

Wells Fargo & Company Price Performance

Shares of NYSE:WFC traded down $0.48 during trading on Tuesday, reaching $81.37. 2,244,758 shares of the company’s stock traded hands, compared to its average volume of 17,063,000. Wells Fargo & Company has a fifty-two week low of $59.43 and a fifty-two week high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a market cap of $251.08 billion, a PE ratio of 12.98, a P/E/G ratio of 0.86 and a beta of 1.06. The company has a 50-day simple moving average of $83.69 and a 200-day simple moving average of $86.22.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company had revenue of $21.29 billion for the quarter, compared to analysts’ expectations of $21.63 billion. During the same period in the previous year, the firm posted $1.43 EPS. Wells Fargo & Company’s revenue was up 4.5% compared to the same quarter last year. As a group, analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Insider Transactions at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $87.72, for a total transaction of $2,193,000.00. Following the transaction, the executive vice president owned 79,876 shares of the company’s stock, valued at approximately $7,006,722.72. This trade represents a 23.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total value of $2,613,000.00. Following the transaction, the executive vice president directly owned 83,478 shares in the company, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 115,000 shares of company stock valued at $10,050,000. 0.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new position in Wells Fargo & Company in the fourth quarter valued at about $25,000. Miller Capital Partners Inc. purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Navalign LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $26,000. Joseph Group Capital Management purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $29,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo Investment Institute now says it does not expect Fed rate cuts in 2026 — a delay in easing means higher-for-longer rates, which generally supports net interest margins and bank profitability. Wells Fargo no longer expects Fed rate cuts in 2026 as Iran war drags on
• Positive Sentiment: March payrolls showed continued job gains, supporting loan demand and credit quality — macro data that typically benefits banks’ top lines and reduces downside to credit costs. US Payrolls Rise 178,000 in March as Unemployment Falls to 4.3%
• Positive Sentiment: Wells Fargo’s CEO characterized the U.S. economy as “still extremely strong” despite geopolitical headwinds — management’s upbeat tone supports confidence in near-term loan growth and fee income. Wells Fargo CEO Says US Economy ‘Still Extremely Strong’ Despite Iran War – But There’s a Catch
• Neutral Sentiment: Analyst views on WFC are being rebalanced: fair-value estimates moved only slightly lower overall, with some firms trimming targets and others raising them — signals of mixed conviction among analysts. How The Wells Fargo (WFC) Investment Story Is Shifting As Analyst Views Rebalance
• Neutral Sentiment: Coverage pieces highlight WFC’s attractive dividend profile, which can support the stock for income-focused investors even amid near-term volatility. Why Wells Fargo (WFC) is a Great Dividend Stock Right Now
• Negative Sentiment: Zacks warns WFC may lack the ideal mix of revenue and margin drivers to deliver an earnings beat next week — investors are cautious ahead of the report after revenue missed consensus last quarter despite EPS outperformance. Wells Fargo (WFC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.