How to Buy Wells Fargo & Company Stock
Wells Fargo & Company
Wells Fargo & Company is a diversified bank company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker WFC on the NYSE exchange.
Wells Fargo & Company stock last closed at $54.00, down 5.03% from the previous day, and has increased 31.64% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.03 percentage points. Wells Fargo & Company stock is currently +40.68% from its 52-week low of $38.39, and -13.67% from its 52-week high of $62.55.
As of Sep 6, 2024, there are 3.4B shares of WFC outstanding. The market capitalization of WFC is $183.80B. In the last 24 hours, 21.26M WFC shares were traded.
How to Buy Wells Fargo & Company Stock
Not sure how to invest in Wells Fargo & Company stock? Here's how.
- Choose where to buy Wells Fargo & Company stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Wells Fargo & Company stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Research Wells Fargo & Company stock: The Wells Fargo & Company ticker symbol is WFC. Is Wells Fargo & Company stock a good investment? Should you buy shares of WFC? How do WFC's underlying business fundamentals look? Do top analysts think Wells Fargo & Company is a good buy? Why has WFC's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if WFC is a good stock to buy).
- Make your WFC buy order: Decide if you will purchase WFC shares at the current market price or use a limit order to purchase WFC shares at a given price.
- Keep tabs on your WFC investment: Create a watchlist to important updates regarding your position in Wells Fargo & Company shares.
Step 1: Choose where to buy Wells Fargo & Company stock
You will need a brokerage account in order to access the NYSE market and buy WFC shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to buy WFC stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring money into your new investment account.
Step 4: Research Wells Fargo & Company stock
Once you have selected the best place to buy Wells Fargo & Company stock, it's important to analyze their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Wells Fargo & Company stock at a glance
WFC Fundamentals
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on WFC's stock page.
Is WFC stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge WFC's fair value.
Using relative valuations metrics:
- WFC may be undervalued based on its P/E ratio of 10.93x, relative to Banks - Diversified industry P/E ratio of 11.96x
- WFC may be undervalued based on its P/B ratio of 1.04x, relative to Banks - Diversified industry P/B ratio of 1.12x
- WFC may be overvalued based on its PEG ratio of 1.75x
You can do more valuation analysis on WFC's stock here.
Is WFC a healthy company?
Pros:
- WFC earnings of $21.67B is not enough to cover its interest payments.
- WFC profit margin has gone up from 19.2% to 21.2% in the past year.
Cons:
- WFC's operating cash flow of $23.63B allows it to safely service it's debt of $297.97B.
- WFC has a relatively high debt to equity ratio of 9.99.
- Total WFC debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy WFC stock
Out of 12 Wall Street analysts who monitor WFC, the consensus analyst rating on Wells Fargo & Company is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent WFC Analyst Ratings
Ken Usdin, a top 22% analyst from Jefferies maintains WFC with a hold rating and raises their WFC price target from $62.00 to $64.00, on Jul 3, 2024.
Vivek Juneja, a bottom 12% analyst from JP Morgan maintains WFC with a hold rating and raises their WFC price target from $59.00 to $61.50, on May 1, 2024.
Stephen Biggar, a top 10% analyst from Argus Research maintains WFC with a strong buy rating and raises their WFC price target from $57.00 to $66.00, on Apr 15, 2024.
Dave Rochester, a top 40% analyst from Compass Point downgrades WFC to a hold rating and maintains their WFC price target from $64.00 to $64.00, on Apr 9, 2024.
Richard Ramsden, a top 18% analyst from Goldman Sachs maintains WFC with a strong buy rating and raises their WFC price target from $57.00 to $65.00, on Apr 1, 2024.
You can dig deeper into what analysts are saying on the Wells Fargo & Company stock forecast page.
WFC Trading Indicators
WFC Growth Numbers
Last year, WFC earnings were $17.56B. In the past five year, WFC's earnings have increased by 0.24% per year. This was slower than the Banks - Diversified industry average of 7.31%.
Last year, WFC revenue was $82.89B. In the last five year, WFC's revenue has increased by -0.6% per year. This was slower than the Banks - Diversified industry average of 3.89%.
Find out more about WFC's earnings and revenue performance here.
Who is buying/selling WFC?
In the past 12 months, executives and large shareholders at WFC have sold more shares than they have bought.
Fernando Rivas, Sr. Executive Vice President of WFC, was the latest WFC insider to sell. They sold $700.00 worth of WFC stock on Jun 17, 2024.
Dig into more about who owns WFC shares here.
Does WFC provide a stable income stream?
Wells Fargo & Company pays a dividend of 2.69%, compared to the Banks - Diversified industry's average dividend yield of 4.51%. If you owned $1,000 of WFC stock, you would have been paid $26.85 last year.
Wells Fargo & Company dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Wells Fargo & Company dividend yield and history here.
What others are saying about WFC
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your WFC buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you need additional assistance buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your WFC investment
Now that you own some WFC shares, you'll want to stay up-to-date on your new investment.
Add WFC to a watchlist to get notified of the latest news about your WFC stock.
WFC Feed
How to Buy Stock in Wells Fargo & Company
To reiterate, here are the 6 steps for buying Wells Fargo & Company stock:
- Choose where to buy Wells Fargo & Company stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Wells Fargo & Company stock
- Make your WFC buy order
- Keep tabs on your WFC investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Wells Fargo & Company, create a watchlist today.
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