Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Walmart (NYSE:WMT) Price Target Gets Boosted by $5 to $175 at Wells Fargo

Wells Fargo & Co. analysts on Wednesday hiked their price target for Walmart Inc. (NYSE:WMT) to $175 from $170 a share on expectations that the retail giant will beat Wall Street estimates when it reports second-quarter results next week. “WMT seemed somewhat cautious on the macro in our recent meetings, but the company-specific tone was notably positive,” said analyst Edward Kelly. Wells Fargo now expects Walmart to earn $1.75 a share, ahead of the FactSet consensus view of $1.69 a share. Walmart reports earnings on Aug. 17.

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