WFC · NYSE · Banks - Diversified

Wells Fargo (WFC)

Banking, lending, wealth management, and capital-markets services for U.S. consumers and businesses.

$82.66
vs last close−0.49 (−0.59%)
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Wells Fargo & CompanyWFC
Financial sector

Provides consumer and commercial banking, credit cards, mortgages, auto finance, wealth management, and corporate and investment banking, primarily in the United States. A broad deposit franchise supports lending, while advisory, brokerage, payments, and markets businesses add fee income.

Provides consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. Retail products include deposits, cards, mortgages, auto and small-business loans; institutional offerings span treasury management, commercial real estate finance, capital markets, brokerage, private banking, and trust services.

Pairs a broad U.S. deposit franchise with specialized lending, advisory, and markets capabilities, serving most customers domestically while supporting corporate and institutional clients globally. This mix produces both interest income from lending and investing customer deposits and fees from payments, investment banking, brokerage, and asset-based services.

Earnings and balance-sheet capacity remain sensitive to interest rates, loan demand, borrower credit, deposit funding, and market activity. Operations are subject to bank capital, liquidity, consumer-protection, and risk-management requirements.

Company facts

CEOCharles W. Scharf
ListedJun 1, 1972
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees205,000
CIK0000072971
ISINUS9497461015

Market cap$251.45B
EPS (ttm)$6.93
P/E (ttm)12.00
ROE12.6%
P/B1.40
P/S1.95
Dividend yieldDiv yield2.22%
Beta0.72vs XLF 1.30

Price target$98.00+17.9%Average of 60 analysts
ConsensusHold29 of 60 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 15, 2026Robert W. BairdTarget
Target: $62
Target: $92
Jul 7, 2026UBSReiterate
Rating: Target: $113
Rating: BuyTarget: $104
Jul 1, 2026Wells FargoReiterate
Rating: Target: $98
Rating: BuyTarget: $93
Jun 29, 2026Morgan StanleyReiterate
Rating: Target: $97
Rating: PositiveTarget: $102
May 6, 2026Wells FargoTarget
Target: $88
Target: $98

Next report
Oct 13, 26
in 20 days
EPS estimate
$1.85
Revenue estimate
$22.37B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.42$1.27$1.54$1.73$1.62$1.56$1.96Pending
Estimate$1.32$1.23$1.41$1.55$1.66$1.58$1.73$1.85
Surprise+7.6%+3.3%+9.2%+11.6%−2.4%−1.3%+13.3%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$20.38B$20.15B$20.82B$21.44B$21.29B$21.45B$22.62BPending
Estimate$20.59B$20.72B$20.76B$21.15B$21.65B$21.79B$21.86B$22.37B
Surprise−1.0%−2.8%+0.3%+1.4%−1.7%−1.6%+3.5%
Estimate$1.85
ReportedDue Oct 13, 2026
Estimate$22.37B
ReportedDue Oct 13, 2026
View details

Debt to equity254.80%
Current ratio51.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$31.67B$30.60B$29.63B$30.18B$31.91B$31.82B$31.80B$33.59B
Net income$5.11B$5.08B$4.89B$5.49B$5.59B$5.36B$5.29B$6.41B
Net margin16.1%16.6%16.5%18.2%17.5%16.9%16.6%19.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$6.23B$5.38B$5.33B$6.44B$6.91B$6.53B$5.85B$8.05B
YoY growth−4.8%+57.9%−4.7%+4.5%+10.8%+21.2%+9.9%+25.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $939.76B · Total debt $459.14B · Total assets $2.28T · Shareholders' equity $180.19B

Revenue
$33.59B
Operating income
$8.05B
Net income
$6.41B
View details

Dividend yield
2.22%
Next ex-date
Nov 7, 26
estimated · in 45 days
Annual dividend
$1.85
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Nov '24Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26
Dividend$0.40$0.40$0.40$0.45$0.45$0.45$0.45$0.50
Annual yield2.14%1.92%2.21%2.12%1.98%1.86%2.38%2.12%
Ex-dateNov 8Feb 7May 9Aug 8Nov 7Feb 6May 8Aug 7
Payment dateDec 1Mar 1Jun 1Sep 1Dec 1Mar 1Jun 1Sep 1
View details

Institutions77.97%2.36B shares
2,984 holders · as of Jun 30, 2026
Insiders0.15%4.66M shares
19 holders · as of Jul 17, 2026
Other21.88%661.64M shares
remainder

3.02B company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
8.29%250.60Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.61%199.90Mas of Jun 30, 2026
FMR LLCInstitution
5.04%152.56Mas of Jun 30, 2026
State Street CorpInstitution
4.50%135.99Mas of Jun 30, 2026
JPMorgan Chase & CoInstitution
3.78%114.24Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 26, 2026Bridget E. Engleofficer: Sr. Executive Vice President−30,000$87.10
Feb 26, 2026Ellen R. Pattersonofficer: Sr. EVP and General Counsel−60,000$87.40
Feb 20, 2026Kleber Santosofficer: Sr. Executive Vice President−25,000$87.72
View details

  • JPMorgan Chase

    Largest U.S. bank; head-to-head across all four segments.

  • Bank of America

    Second-largest U.S. bank; Merrill Lynch directly contests Wells Fargo Advisors.

  • Citi

    Big Four rival refocused on institutional services and U.S. personal banking.

  • U.S. Bancorp

    Fifth-largest U.S. bank; top super-regional rival in Midwest and West.

  • Morgan Stanley

    $9.3T wealth management powerhouse contesting Wells Fargo Advisors.

  • PNC Financial Services Group

    Sixth-largest U.S. bank expanding nationally in retail and commercial banking.

  • Truist Financial

    BB&T/SunTrust merger bank; leads Southeast retail and commercial markets.

  • Goldman Sachs

    Bulge-bracket investment bank directly contested by WFC's fast-rising CIB.

Compare

CompanyPriceChange
Wells Fargo$82.66−0.59%$251.45B12.011.01.9+8.6%
JPMorgan Chase$338.71−0.38%$911.03B14.614.03.1+27.8%
Bank of America$56.02−0.32%$398.83B12.911.42.0+19.3%
Citi$132.54+0.05%$227.17B14.311.41.3+14.3%
U.S. Bancorp$59.01−0.72%$92.59B11.910.92.1+10.6%
Morgan Stanley$199.89−0.14%$315.79B16.315.12.5+36.8%
PNC Financial Services Group$225.67−1.00%$90.96B12.511.12.6+21.4%
Truist Financial$47.66−0.85%$59.89B11.410.12.0+6.5%
Goldman Sachs$943.00−0.68%$280.11B14.713.62.4+39.5%
Median13.611.42.2+20.3%