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WFCWells Fargo & Company
$83.15$254.5B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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WFC logo

Wells Fargo & Company

WFC
NYSE · Diversified Banks
$83.15
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$254.45B
P/E13.2x
52W High$97.76
Volume15.55M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Regulatory Constraints Limit Growth Despite Fee Diversification

Wells Fargo is navigating a complex transition as it balances persistent regulatory asset cap constraints with a strategic pivot toward fee-based revenue streams, which now account for 29.4% of total revenue. While the bank has demonstrated resilience through ...

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

WFC price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-22% Peers

P/E is 22% below peer median

03

Market leadership

RS 60 · Avg

Average momentum (RS Rating: 60)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 14
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Net interest income growth turned positive at 5.2% in 2026Q1, though the efficiency ratio remains pressured, fluctuating between 41.3% and 51.7% over the last ten quarters.

Analyst Consensus+18.9% target
Hold(60 analysts)
27 Buy29 Hold4 Sell

The Bull Case

Upside Catalysts

Analyst Optimism

A significant number of analysts have a 'Buy' or 'Strong Buy' rating on WFC, with a consensus price target around $95-$100, suggesting potential upside of 18-20% from current levels.

Asset Cap Removal

The Federal Reserve lifted Wells Fargo's asset cap in Q2 2025, allowing the bank to grow its loan book and corporate and investment banking operations more freely.

Regulatory Progress

Wells Fargo has resolved major consent orders, indicating progress in addressing past regulatory issues.

The Bear Case

Key Downside Risks

Recent Earnings Misses

Wells Fargo has experienced some recent earnings misses, breaking a streak of beats, which has weighed on the stock.

Net Interest Margin Compression

Concerns remain about NIM compression and its impact on near-term earnings.

High Expenses and Performance Issues

The bank faces headwinds from high expenses and struggling performance in its wealth and investment management sector.

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WFC-11.19%
S&P 500 (^GSPC)+13.20%
1-Year Return
WFC-0.19%
S&P 500 (^GSPC)+15.98%
3-Year Return
WFC+113.68%
S&P 500 (^GSPC)+77.46%
5-Year Return
WFC+91.91%
S&P 500 (^GSPC)+65.47%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
13.2x
Forward P/EExpansion
11.4x
EV/EBITDA80th %ile
17.2x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.2x
13.1x
80th· High
EV/EBITDA
17.2x
10.0x
80th· High
Price/FCF
N/A
5.9x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$56.60-31.9%
Base (Fair)$110.45+28.3%
Bull$185.14+122.7%
$56.60 Bear$110.45 Base$185.14 Bull
Current Market Price: $83.15
Trades at a 24.7% discount to Base DCF ($110.45)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$83.7B+1.7% YoY
Net income
$21.34B+8.2% YoY
Free cash flow
-$19B-726.1% YoY
Operating margin
20.4%+1.8 pts YoY
ROIC (TTM)3.5%
Avg ROIC 5Y-
ROE (TTM)11.7%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 14, 2026
$1.96+13.3%
vs $1.73
$22.6B+3.5%
vs $21.9B
Q2 2026
Apr 14, 2026
$1.56-1.3%
vs $1.58
$21.4B-1.6%
vs $21.8B
Q1 2026
Jan 14, 2026
$1.62-2.4%
vs $1.66
$21.3B-1.7%
vs $21.6B
Q4 2025
Oct 14, 2025
$1.73+11.6%
vs $1.55
$21.4B+1.4%
vs $21.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·6d ago
Wells Fargo Bank Increases Prime Rate to 7.00 Percent

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.00 percent from 6.75 percent, effective tomorrow, Sept. 17, 2026.About Wells FargoWells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. 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.

GuruFocus·Sep 16, 2026
Wells Fargo Slips Nearly 1.8% Despite a Stronger Loan Outlook

Wells Fargo (WFC), the consumer and commercial banking group, raised its 2026 loan-growth outlook after CFO Mike Santomassimo pointed to a resilient U.S. econom

Finbold·Sep 16, 2026
Wall Street analyst sets Amazon stock price target for 12 months

Although Amazon.com, Inc. (NASDAQ: AMZN) stock fell over 4.4% over the past 30 days through September 16, 2026, Ken Gawrelski, a Wall Street analyst at Wells Fargo & Co. (NYSE: WFC), expects a rally towards a new all-time high (ATH) over the next 12 months.

Zacks Investment Research·Sep 16, 2026
JPMorgan vs. Wells Fargo: Which Bank Stock Has More Upside Potential?

JPM leads on 2026 earnings momentum and diversification, while WFC offers a cheaper valuation and improving growth after the asset-cap removal.

Filtered for Wells Fargo & CompanyMore Headlines
04

Compare before deciding

Benchmark WFC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Wells Fargo & Company (WFC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WFC logoWFCWells Fargo & CompanyCurrent
$83.15$254.45B13.161.7%17.27%11.72%2.03%
JPM logoJPMJPMorgan Chase & Co.
$340.00$911.03B16.967.32%20.66%16.32%—
BAC logoBACBank of America Corporation
$56.20$398.83B14.7111%18.13%10.5%—
C logoCCitigroup Inc.
$132.47$227.17B18.955.11%9.34%7.49%—
USB logoUSBU.S. Bancorp
$59.44$92.59B12.894.41%18.02%12.13%—
PNC logoPNCThe PNC Financial Services Group, Inc.
$227.96$90.96B13.74-1.75%22.51%11.97%—

Compare WFC vs Peers

Wells Fargo & Company (WFC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs JPM

Most directly comparable listed peer for WFC.

Scale Benchmark

vs V

Larger-name benchmark to compare WFC against a more recognizable public peer.

Peer Set

Compare Top 5

vs JPM, BAC, C, USB

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

WFC SEC Filings & Documents

Wells Fargo & Company (WFC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 14, 2026·SEC

Material company update

May 20, 2026·SEC

Material company update

Apr 30, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 24, 2026·SEC

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WFC Frequently Asked Questions

Wells Fargo & Company (WFC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Wells Fargo & Company growing?

Wells Fargo & Company (WFC) grew revenue by 1.7% over the past year. Growth has been modest.

Is WFC profitable?

Yes, Wells Fargo & Company (WFC) is profitable, generating $21.73B in net income for fiscal year 2025 (17.3% net margin).

Dividend & Returns
Does WFC pay dividends?

Yes, Wells Fargo & Company (WFC) pays a dividend with a yield of 2.03%. This makes it attractive for income-focused investors.

What is WFC's return on equity?

Wells Fargo & Company (WFC) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics
What is Wells Fargo & Company's net interest margin?

Wells Fargo & Company (WFC) has a net interest margin (NIM) of 2.2%. NIM has been under pressure due to interest rate environment.

What is Wells Fargo & Company's efficiency ratio?

Wells Fargo & Company (WFC) has an efficiency ratio of 44.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in WFC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →