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Wells Fargo & Company WFC

Indexes indicate stock being part of an index ,
Growth Flags show if company had growth for consecutive years

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Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total sells
10.05
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 3
Insider Ownership
0.79%

Capital & Financial Ratios

Market Cap
264,300.00
Revenue
128,852.00
Net Income
22,967.00
Free Cash Flow
19,170.00
Net Debt
(469,749.00)
Current Ratio
0.90
Debt/Equity
1.00
P/E ratio
12.37
P/S ratio
2.03
P/B ratio
1.57
Past 5Y EPS Growth
5.77%
This Y EPS Growth
16.53%
Next Y EPS Growth
9.31%
Next 5Y EPS Growth
13.56%
in millions of $

Dividends

Payout Ratio
0.30
Annual Dividend Rate
1.40
Annual Dividend Yield
3.05%
total individual payouts
2028 ‡‡‡‡‡
2027 ‡‡‡‡‡
2026 1.91
2025 1.70
2024 1.50
2023 1.30
2022 1.10
2021 0.60
2020 1.22
2019 1.92
2018 1.64
2017 1.54
2016 1.52
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 414,977.00 477,286.00 596,074.00 651,888.00
Receivables
Inventory
Other
1,341,989.00 1,375,848.00 1,568,444.00 1,669,098.00
2023 2024 2025 Q'26
Payables 1,358,173.00 1,371,804.00 1,426,207.00 1,501,405.00
ST’ Debt
Other
1,518,942.00 1,530,888.00 1,745,413.00 1,861,108.00
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡ ‡‡‡ ‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 31,795.00 33,589.00
’25 29,627.00 30,434.00 31,905.00 31,563.00
123,529.00
’24 31,476.00 31,650.00 31,674.00 30,597.00
125,397.00
’23 26,749.00 28,200.00 29,845.00 30,546.00
115,340.00
’22 18,688.00 18,398.00 21,962.00 24,394.00
83,442.00
’21 19,770.00 21,163.00 19,759.00 22,389.00
83,081.00
’20 21,132.00 20,207.00 20,748.00 20,140.00
82,227.00
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 9,143.00 6,775.00
’25 (11,037.00) (11,216.00) (869.00) 4,121.00
(19,001.00)
’24 (12,125.00) 2,050.00 4,206.00 8,904.00
3,035.00
’23 7,406.00 (755.00) 15,505.00 18,202.00
40,358.00
’22 199.00 7,588.00 12,016.00 7,245.00
27,048.00
’21 (3,470.00) (8,062.00) (4,810.00) 4,817.00
(11,525.00)
’20 17,273.00 16,119.00 (8,576.00) (22,765.00)
2,051.00
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 9,143.00 6,775.00
’25 (11,037.00) (11,216.00) (869.00) 4,121.00
(19,001.00)
’24 (12,125.00) 2,050.00 4,206.00 8,904.00
3,035.00
’23 7,406.00 (755.00) 15,505.00 18,202.00
40,358.00
’22 199.00 7,588.00 12,016.00 7,245.00
27,048.00
’21 (3,470.00) (8,062.00) (4,810.00) 4,817.00
(11,525.00)
’20 17,273.00 16,119.00 (8,576.00) (22,765.00)
2,051.00
in millions of $

EPS

Mar Jun Sep Dec Year
’26 1.60 2.00
’25 1.39 1.60 1.66 1.62
6.26
’24 1.20 1.33 1.42 1.43
5.37
’23 1.23 1.25 1.48 0.86
4.83
’22 0.88 0.74 0.85 0.67
3.14
’21 1.05 1.38 1.17 1.38
4.95
’20 0.01 (0.66) 0.42 0.64
0.41

Target Price Range

High
‡‡‡‡‡
‡‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1.9
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 36.54 35.25 46.12 58.42
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 60.30 50.77 78.13 95.85
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 238,000 226,000 217,000 205,000
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.35 0.51 0.58 0.60
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 83,442.00 115,340.00 125,397.00 123,529.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 89.13% 71.61% 65.63% 67.76%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 15,629.00 21,636.00 23,364.00 25,199.00
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 18.73% 18.76% 18.63% 20.40% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 13,378.00 19,029.00 19,965.00 21,358.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,832.00 6,271.00 7,558.00 7,713.00
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 21.93 31.27 36.60 38.58 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 3.17 4.88 5.43 6.34 ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.11 10.94 0.89 (5.93)
Cash Flow/Sh
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 0.00 0.00 0.00 0.00 ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.11 10.94 0.89 (5.93)
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 47.89 50.82 52.85 57.17 ‡‡‡‡
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,805.20 3,688.30 3,426.10 3,201.80 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 13.14 10.15 12.91 14.70 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.91 1.58 1.92 2.42 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.98 1.08 1.48 1.79 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.12 0.65 0.30 (0.18) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.46 1.87 12.88 1.16
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 27,048.00 40,358.00 3,035.00 (19,001.00) ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 27,048.00 40,358.00 3,035.00 (19,001.00)
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (240,532.00) (176,953.00) (155,040.00) (176,969.00)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 247,405.00 207,588.00 173,078.00 174,712.00
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (65,943.00) (207,389.00) (304,208.00) (421,362.00)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 182,213.00 187,443.00 181,066.00 183,038.00
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.66% 0.94% 0.96% 0.99%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.40% 0.00% 0.00% 0.00%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.55% 10.87% 11.26% 12.34%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Wells Fargo (WFC) has demonstrated notable resilience after a decade of challenges, including the 2016 fake accounts scandal, pandemic-induced losses, and a Federal Reserve asset cap that stifled growth until its lifting in early 2024. This regulatory relief coincides with sharp efficiency gains—employee headcount down 19% since 2016, driving revenue per employee up 65% to $578,000—fueling revenue surges from $83.4 billion in 2022 to a projected $125.4 billion in 2024. Profitability is rebounding, with EPS poised to climb 151% from 2022 lows to nearly $8 by 2027, supported by share buybacks and stabilizing ROE at 11.3%.

The balance sheet stands as a fortress, with total debt slashed 55% to $173 billion and net debt deeply negative at -$422 billion, providing ample liquidity amid banking sector volatilities. Valuation metrics scream cautionary value: PE at 12.9, PB at 1.48, and analyst targets implying 18% upside from recent levels, though revenue projections show cyclical dips in 2025-2026 due to anticipated rate cuts.

While WFC’s transformation into an efficiency-focused steady performer offers mid-teens return potential, downside risks loom from credit losses, deposit competition, and commercial real estate exposure. Investors should scrutinize this undervalued recovery play against macro headwinds before committing.

Wells Fargo & Company (WFC) Latest News

News by impact score

Fine-tune

17 Sep

3 , 6:16 PM
Wells Fargo launches ExpressSend Mobile Service for mobile money transfers, aiming to enhance digital convenience, attract users, and strengthen its position against fintech competitors in remittances and banking. New mobile service supports product innovation and may lift transaction volumes but faces competition limiting broad strategic shifts.

15 Sep

4 www.marketbeat.com, 10:03 AM
Wells Fargo reports strong consumer activity and growth momentum after the lifting of its asset cap. Lifting the asset cap removes a major regulatory constraint and enables expanded lending and operations.

4 , 9:12 AM
Wells Fargo expects loan growth to exceed its 2026 guidance. Exceeding 2026 loan growth guidance points to stronger revenue and earnings trajectory for Wells Fargo.

3 , 11:14 AM
Wells Fargo warns the S&P 500 could fall 10 percent, signaling caution on market conditions and potential effects for banking sector performance. Wells Fargo market outlook may sway short-term investor views on the bank without reshaping its core operations.

28 Aug

5 , 7:05 PM
Wells Fargo implements fixed-income strategy changes and dividend adjustments positioned to drive major gains in financial performance and market standing. Fixed-income moves combined with dividend shifts at Wells Fargo are positioned to fundamentally redefine its competitive position and long-term prospects.

4 , 12:08 PM
Wells Fargo & Company expands its wealth management focus through a multi-year revamp intended to drive growth. Multi-year revamp to broaden wealth focus represents a major strategic shift that can significantly alter Wells Fargo trajectory and investor sentiment.

3 www.privatebankerinternational.com, 2:05 AM
Wells Fargo increases financial adviser recruitment following its wealth management overhaul to strengthen operations and client acquisition. Adviser hiring expansion targets growth in wealth management revenue and competitive positioning.

27 Aug

3 www.wealthmanagement.com, 10:22 AM
Wells Fargo increases wealth management hiring after a $1.5 billion revamp. Wealth hiring expansion after $1.5 billion revamp indicates moderate strategic investment in a key banking segment.

25 Aug

3 , 12:09 PM
Wells Fargo reached its 17%-18% ROTCE target, prompting questions about the ability to sustain momentum going forward. Reaching the ROTCE target reflects stronger profitability that may affect near-term stock performance and sentiment.

21 Aug

3 , 3:23 PM
Wells Fargo reported Q2 earnings, prompting evaluation of whether to buy, sell or hold the stock amid financial results and market conditions. Q2 earnings drive moderate shifts in investor positioning and near-term performance outlook for Wells Fargo.

17 Aug

3 , 1:39 PM
Wells Fargo targets $50B net interest income by 2026, with uncertainty over meeting the goal. NII target outlook affects revenue expectations and investor sentiment without altering core operations.

12 Aug

3 , 8:18 PM
Wells Fargo advances tokenized deposits initiative that could alter its post-capital investment narrative and long-term positioning. Tokenized deposit development may moderately influence Wells Fargo innovation and competitive stance without fundamentally redefining trajectory.

11 Aug

3 , 2:03 PM
Wells Fargo invests in blockchain technology amid questions over whether its stock rally will persist. Blockchain initiatives indicate strategic innovation with limited but noticeable effects on operations.

3 , 12:08 PM
Wells Fargo earnings surpass Wall Street's boldest expectations, raising questions about future performance and trajectory. Earnings beats can lift short-term sentiment and valuation without altering long-term fundamentals.

8 Aug

4 , 10:48 AM
Wells Fargo launches tokenized deposits on a dual track, with the gap between the two halves exposing the real stakes in this initiative. Tokenized deposits mark a major blockchain push that can reshape core deposit services and competitive positioning.

5 Aug

4 , 3:15 PM
Wells Fargo's tokenized deposits launch indicates its stock may be 25% undervalued. Tokenized deposits launch represents a major strategic move in digital banking with potential to significantly alter Wells Fargo's trajectory.

4 247wallst.com, 11:25 AM
Wells Fargo CEO states AI will eliminate tens of thousands of jobs but assures no impact on customer costs or bank performance. AI-driven workforce cuts signal major efficiency gains and cost reductions that can reshape Wells Fargo operations and investor outlook.

3 , 10:45 AM
Tokenized deposits and staking may boost growth prospects for Wells Fargo and BNY. Tokenization initiatives represent strategic fintech moves with moderate potential to affect competitive positioning.

4 Aug

4 , 8:30 AM
Wells Fargo & Company plans to launch tokenized deposits for corporate and commercial clients. Tokenized deposits launch represents major strategic move into digital assets likely to alter competitive positioning.

3 www.americanbanker.com, 3:59 PM
Wells Fargo joins banks offering tokenized deposits amid the sector's rapid expansion. Tokenized deposits mark a fintech innovation step with potential to influence digital banking positioning.

3 stocktwits.com, 10:42 AM
Wells Fargo and BNY Mellon are expanding digital asset services beyond crypto custody into payments and staking as banks deepen cryptocurrency infrastructure involvement. Move into payments and staking strengthens Wells Fargo positioning in digital finance without immediately transforming core operations or earnings trajectory.

28 Jul

3 , 3:43 PM
Wells Fargo is outperforming rivals in recruiting top banking talent, strengthening its workforce amid competitive hiring in the sector. Stronger recruiting improves Wells Fargo talent acquisition and competitive positioning without immediate major financial shifts.

21 Jul

3 transcript www.fool.com, 3:47 PM
Wells Fargo held its Q2 2026 earnings call, covering financial results, performance metrics, and management outlook. Earnings call provides updates on results and guidance that may shift near-term investor sentiment.

17 Jul

3 , 6:10 PM
Wells Fargo launches AI Teammate, an AI-powered assistant for its financial advisers. AI tool targets adviser efficiency gains with moderate effects on operations and innovation.

3 www.wealthmanagement.com, 10:52 AM
Wells Fargo rolls out AI Teammate for advisors via WealthStack. AI assistant deployment supports advisor productivity with potential moderate effects on operational efficiency and market positioning.

16 Jul

3 , 10:45 AM
Wells Fargo and Citigroup stocks compared for relative attractiveness after Q2 earnings releases, focusing on performance metrics and outlook. Q2 results and peer comparison may shift near-term investor views on Wells Fargo valuation and positioning.

15 Jul

4 , 8:20 PM
Wells Fargo & Company reports highly robust early Q2 earnings, signaling strong financial performance ahead. Strong early Q2 earnings results signal major positive shifts in Wells Fargo financial trajectory and investor sentiment.

4 , 8:13 PM
Wells Fargo posts early Q2 results showing highly robust earnings. Strong early Q2 earnings signal improved financial performance likely to lift investor sentiment and share price.

3 www.ciodive.com, 11:52 AM
Wells Fargo launches AI-powered teammate to assist financial advisers. AI tool rollout supports adviser efficiency and incremental product innovation at Wells Fargo.

14 Jul

3 , 5:00 PM
Wells Fargo & Co reported strong Q2 2026 earnings and revenue growth. Strong quarterly earnings growth typically lifts near-term stock sentiment and valuation without altering long-term strategy.