reports hero background
Updated: May 13, 2026
WFC Logo

Wells Fargo

NYSE:WFC·Stock Analysis Report
Day Range
$72.87 - $75.25
Market Cap
227.65B
P/E Ratio
11.6198
Avg Value
$84.83
Year Range
$71.90 - $97.76
$75.18$1.60 (2.17%)
1
General Information
Wells Fargo is a premier, North American-focused banking titan that commands a $2.2 trillion balance sheet and the third-highest deposit market share in the United States.

The bank uses a dense, expansive network of 4,093 branches to champion retail consumers and the middle market, where the firm has built a particularly strong reputation. Following the removal of its federal asset cap in 2025, the firm is set to deploy its legacy excess liquidity to expand each of its four segments: consumer & business lending, commercial banking, corporate & investment banking, and wealth & investment management.

2
Wells Fargo (WFC) Stock Graph
3
How We Grade Wells Fargo (WFC)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Wells Fargo (WFC) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

66.85

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

44.84

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Future Growth
Our estimate of future price growth is based on an aggregation of 10 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $85.00 - $108.00 with an average of $94.95

27.82%
Expected movement for Wells Fargo (WFC) over the next 12 months
Based on these rankings

Recent Ratings for Wells Fargo (WFC)

JP Morgan
Date:
Apr 30, 2026
Action:
Maintains
Prev. Target:
$91.00
New Target:
$86.50
Piper Sandler
Date:
Apr 15, 2026
Action:
Reiterates
Prev. Target:
$100.00
New Target:
$94.00
Keefe, Bruyette & Woods
Date:
Apr 15, 2026
Action:
Maintains
Prev. Target:
$101.00
New Target:
$98.00
Barclays
Date:
Apr 15, 2026
Action:
Maintains
Prev. Target:
$113.00
New Target:
$108.00
JP Morgan
Date:
Apr 7, 2026
Action:
Maintains
Prev. Target:
$99.50
New Target:
$91.00
Evercore ISI Group
Date:
Apr 6, 2026
Action:
Maintains
Prev. Target:
$98.00
New Target:
$95.00
Morgan Stanley
Date:
Mar 31, 2026
Action:
Maintains
Prev. Target:
$108.00
New Target:
$100.00
Goldman Sachs
Date:
Mar 23, 2026
Action:
Maintains
Prev. Target:
$109.00
New Target:
$93.00
Truist Securities
Date:
Mar 17, 2026
Action:
Maintains
Prev. Target:
$98.00
New Target:
$94.00
6
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, WFC's earnings have increased for the past three years, this is a positive sign for the stock.
7
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Wells Fargo (WFC) dividend yield on an annual basis.

33.09%
Wells Fargo (WFC) saw a increase in its dividend yield since 2021
8
Past Performance
How has Wells Fargo (WFC) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Wells Fargo (WFC) sharpe ratio over the past 5 years is 0.7325 which is considered to be below average compared to the peer average of 1.2213

9
Analyzing Wells Fargo (WFC) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, WFC's options trades have recently carried more neutral sentiment.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is WFC's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
73.78
82.60
82.30
83.45
84.74
Operating Revenue
73.78
82.60
82.30
83.45
84.74
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
34.84
36.64
37.07
37.98
38.13
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
14.97
21.64
23.36
25.20
25.85
Tax Provision
2.09
2.61
3.40
3.84
4.01
Net Income
13.18
19.14
19.72
21.34
21.70
Net Income Common Stockholders
12.07
17.98
18.61
20.29
20.67
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
13.18
19.14
19.72
21.34
21.70
Normalized Income
13.19
19.14
19.72
21.12
21.48
Interest Income
54.02
85.12
90.78
87.31
88.79
Interest Expense
9.07
32.74
43.10
39.83
40.70
Net Interest Income
44.95
52.38
47.68
47.48
48.09
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
6.83
6.27
7.56
7.71
7.69
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.12
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.04
0.04
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
1,881.02
1,932.47
1,929.85
2,148.63
2,205.75
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
1,699.14
1,745.03
1,748.78
1,965.59
2,025.44
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
181.88
187.44
181.07
183.04
180.31
Stockholders Equity
Total Capitalization
354.74
393.30
352.18
355.83
342.78
Common Stock Equity
160.44
166.29
160.51
164.51
163.05
Net Tangible Assets
144.08
152.05
146.17
149.82
147.21
Working Capital
Invested Capital
355.81
385.74
347.14
357.54
379.27
Tangible Book Value
124.64
132.60
127.57
133.22
131.87
Total Debt
195.39
219.47
186.65
193.03
216.22
Net Debt
36.21
18.82
41.44
Share Issued
5.48
5.48
5.48
5.48
5.48
Ordinary Shares Number
3.83
3.60
3.29
3.09
3.06
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
27.05
40.36
3.04
-19.00
1.18
Net Income from Continuing Operations
12.88
19.03
19.96
21.36
21.84
Depreciation and Amortization
6.83
6.27
7.56
7.71
7.69
Deferred Tax
1.07
-0.05
-0.91
-1.87
-2.29
Deferred Income Tax
1.07
-0.05
-0.91
-1.87
-2.29
Stock-Based Compensation
Other Non-Cash Items
-24.02
3.58
-7.91
1.71
-2.44
Change in Working Capital
30.07
5.28
-20.27
-51.96
-27.79
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
-0.23
4.62
0.82
5.10
0.59
Change in Payable
Change in Account Payable
Change in Other Current Assets
-9.14
-6.84
3.19
-4.11
-0.07
Change in Other Current Liabilities
Change in Other Working Capital
39.44
7.50
-24.28
-52.96
-28.31
Cash Flow from Continuing Investing Activities
-42.48
16.04
-15.65
-187.89
-215.95
Net PPE Purchase and Sale
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
19.23
14.05
-9.89
-21.86
-23.71
Purchase of Investment
-49.45
-36.09
-103.83
-81.51
-91.02
Sale of Investment
68.68
50.14
93.94
59.64
67.31
Net Other Investing Changes
0.80
0.39
-0.19
1.28
5.00
Financing Cash Flow
-59.64
20.49
-21.53
177.59
211.87
Cash Flow from Continuing Financing Activities
-59.64
20.49
-21.53
177.59
211.87
Net Issuance Payments of Debt
50.71
64.60
-7.86
12.49
8.08
Net Long-Term Debt Issuance
34.15
26.18
-26.57
-3.13
9.47
Long-Term Debt Issuance
53.74
49.07
29.01
31.34
35.65
Long-Term Debt Payments
-19.59
-22.89
-55.58
-34.47
-26.18
Net Short-Term Debt Issuance
16.56
38.41
18.71
15.62
-1.39
Net Common Stock Issuance
-6.03
-11.85
-19.45
-17.52
-18.02
Common Stock Issuance
Common Stock Payments
-6.03
-11.85
-19.45
-17.52
-18.02
Cash Dividends Paid
-5.29
-5.93
-6.23
-6.48
-6.55
Net Other Financing Charges
-0.54
-0.51
-0.78
-0.86
-0.84
End Cash Position
681.65
763.62
885.41
714.42
711.51
Changes in Cash
-75.07
76.90
-34.15
-29.31
-2.90
Beginning Cash Position
756.72
686.72
919.56
743.73
714.42
Capital Expenditure
Issuance of Capital Stock
0.00
Issuance of Debt
53.74
49.07
29.01
31.34
35.65
Repayment of Debt
-19.59
-22.89
-55.58
-34.47
-26.18
Repurchase of Capital Stock
-6.03
-13.58
-22.29
-19.52
-23.53
Free Cash Flow
27.05
40.36
3.04
-19.00
1.18