Wells Fargo & Company (WFC)

EVEREN Capital Corporation • Norwest Venture Partners XII, LP • Omniplus Capital Corporation • Peony Asset Management, Inc. • Silver Asset Management, Inc. • Wells Fargo Advisors Financial Network, LLC • Wells Fargo Bank International Unlimited Company • Wells Fargo Clearing Services, LLC • Wells Fargo Equipment Finance, Inc. • Wells Fargo Funding, LLC ...

IRS number

410449260

WFC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$67.88

Low target

$60.00

High target

$82.00

Deutsche Bank

Upgraded

Buy

$65.00

3 Sep 24

Latest filings (excl ownership)

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424B2

Prospectus for primary offering

29 Nov 24

424B2

Prospectus for primary offering

29 Nov 24

424B2

Prospectus for primary offering

25 Nov 24

424B2

Prospectus for primary offering

25 Nov 24

424B2

Prospectus for primary offering

22 Nov 24

424B2

Prospectus for primary offering

22 Nov 24

424B2

Prospectus for primary offering

22 Nov 24

424B2

Prospectus for primary offering

22 Nov 24

424B2

Prospectus for primary offering

21 Nov 24

424B2

Prospectus for primary offering

20 Nov 24

Transcripts

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WFC

Earnings call transcript

2024 Q3

11 Oct 24

WFC

Earnings call transcript

2024 Q2

12 Jul 24

WFC

Earnings call transcript

2024 Q1

12 Apr 24

WFC

Earnings call transcript

2023 Q4

12 Jan 24

WFC

Earnings call transcript

2023 Q3

13 Oct 23

WFC

Earnings call transcript

2023 Q2

14 Jul 23

WFC

Earnings call transcript

2023 Q2

14 Jul 23

WFC

Earnings call transcript

2023 Q1

14 Apr 23

WFC

Earnings call transcript

2022 Q4

13 Jan 23

WFC

Earnings call transcript

2022 Q3

14 Oct 22

Latest ownership filings

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13F-HR

Quarterly holdings report by institutional manager

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart WFC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	184.13 bn	184.13 bn	184.13 bn	184.13 bn	184.13 bn	184.13 bn
Cash burn (monthly)	15.55 bn	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	32.87 bn	n/a	n/a	n/a	n/a	n/a
Cash remaining	151.26 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	9.7	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

WFC institutional ownership history Ownership history

74.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2235	2219	+0.7%
Opened positions	211	236	-10.6%
Closed positions	195	144	+35.4%
Increased positions	791	752	+5.2%
Reduced positions	886	874	+1.4%

13F shares	Current	Prev Q	Change
Total value	137.51 tn	144.30 tn	-4.7%
Total shares	2.48 bn	2.57 bn	-3.6%
Total puts	54.29 mm	43.74 mm	+24.1%
Total calls	43.16 mm	44.15 mm	-2.2%
Total put/call ratio	1.3	1.0	+27.0%

Largest owners	Shares	Value	Change
Vanguard	307.03 mm	$17.34 tn	-1.2%
BlackRock	259.93 mm	$15.04 tn	NEW
FMR	195.99 mm	$11.13 tn	+3.7%
STT State Street	141.94 mm	$8.09 tn	-0.8%
JPM JPMorgan Chase & Co.	128.21 mm	$7.24 tn	+11.0%
Wellington Management	91.26 mm	$5.16 tn	+27.0%
Dodge & Cox	86.95 mm	$4.91 tn	-5.8%
Geode Capital Management	71.18 mm	$4.01 tn	-0.4%
Capital International Investors	48.94 mm	$2.76 tn	-12.1%
State Farm Mutual Automobile Insurance	43.57 mm	$2.46 tn	-1.8%

Largest transactions	Shares	Bought/sold	Change
BlackRock	259.93 mm	+259.93 mm	NEW
BLK BlackRock	0.00	-253.97 mm	EXIT
Norges Bank	0.00	-45.04 mm	EXIT
Wellington Management	91.26 mm	+19.42 mm	+27.0%
JPM JPMorgan Chase & Co.	128.21 mm	+12.67 mm	+11.0%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	808.10 k	-11.27 mm	-93.3%
T. Rowe Price	36.39 mm	-9.51 mm	-20.7%
APG Asset Management	0.00	-7.05 mm	EXIT
FMR	195.99 mm	+6.91 mm	+3.7%
Capital International Investors	48.94 mm	-6.75 mm	-12.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Oct 24	Bridget E. Engle	Restricted Share Right Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	288,899	0.00	288,899
21 Oct 24	Scharf Charles W	Common Stock, $1 2/3 Par Value	Payment of exercise	Dispose F	No	No	64.02	72,161.716	4.62 mm	858,451.582
21 Oct 24	Scharf Charles W	Common Stock, $1 2/3 Par Value	Option exercise	Acquire M	No	No	0	130,491.349	0.00	930,613.297
21 Oct 24	Scharf Charles W	Restricted Share Right Common Stock, $1 2/3 Par Value	Option exercise	Dispose M	No	No	0	130,491.349	0.00	0
16 Oct 24	Ather Williams III	Common Stock, $1 2/3 Par Value	Sell	Dispose S	No	No	63.7	60,000	3.82 mm	163,609.827
14 Oct 24	Beurden Saul Van	Common Stock, $1 2/3 Par Value	Sell	Dispose S	No	No	61.99	35,000	2.17 mm	126,687.214
1 Oct 24	Black Steven D	Phantom Stock Units Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	55.39	1,579.708	87.50 k	48,240.398