Wells Fargo & Company
- Open
- 86.44
- Day high
- 87.94
- Day low
- 86.01
- Prev close
- 86.39
- Volume
- 15.9M
- Mkt cap
- $263.2B
- P/E (TTM)
- 12.4
- EPS (TTM)
- $7.01
- P/B
- 1.5
- P/S
- 2.0
- Yield
- 1.61%
- Per share
- $1.40
Wells Fargo & Company (WFC) is a Financial Services company listed on NYSE. The stock is up 6% over the past year. Drillr has 11 published research articles covering WFC.
Wells Fargo & Company (WFC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WFC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 14, 2026 | $1.73 | $1.96 | +13.2% | $22.6B | +3.5% |
| Apr 14, 2026 | $1.58 | $1.56 | -1.1% | $21.4B | -1.3% |
| Jan 14, 2026 | $1.66 | $1.62 | -2.3% | $21.3B | -1.4% |
| Oct 14, 2025 | $1.55 | $1.73 | +11.5% | $21.4B | +1.6% |
| Jul 15, 2025 | $1.41 | $1.54 | +9.2% | $20.8B | +0.4% |
| Apr 11, 2025 | $1.23 | $1.27 | +3.1% | $20.1B | -2.8% |
| Jan 15, 2025 | $1.32 | $1.42 | +7.2% | $20.4B | -1.0% |
| Oct 11, 2024 | $1.29 | $1.52 | +18.0% | $20.4B | -0.4% |
| Jul 12, 2024 | $1.30 | $1.33 | +2.5% | $20.7B | +1.5% |
| Apr 12, 2024 | $1.12 | $1.26 | +12.2% | $20.9B | +2.5% |
| Jan 12, 2024 | $1.15 | $1.29 | +12.2% | $20.5B | +0.7% |
| Oct 13, 2023 | $1.24 | $1.39 | +11.8% | $20.9B | +3.4% |
WFC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Hewett Wayne M.director | Grant | 422 | — |
| Jul 2, 2026 | BLACK STEVEN Ddirector | Grant | 1,076 | — |
| Jul 2, 2026 | SARGENT RONALDdirector | Grant | 495 | — |
| Jun 17, 2026 | Rosenberg Jason M.officer: SEVP & Head of Public Affairs | Tax | 8,079 | $83.73 |
| Jun 17, 2026 | Rosenberg Jason M.officer: SEVP & Head of Public Affairs | Option | 17,218 | — |
| Apr 30, 2026 | GARCIA FABIAN Tdirector | Grant | 3,436 | — |
| Apr 30, 2026 | CRAVER THEODORE F JRdirector | Grant | 3,436 | — |
| Apr 30, 2026 | DAVIS RICHARD Kdirector | Grant | 3,436 | — |
| Apr 30, 2026 | Hewett Wayne M.director | Grant | 3,436 | — |
| Apr 30, 2026 | Morken CeCeliadirector | Grant | 3,436 | — |
| Apr 30, 2026 | BLACK STEVEN Ddirector | Grant | 3,436 | — |
| Apr 30, 2026 | SARGENT RONALDdirector | Grant | 3,436 | — |
| Apr 30, 2026 | Morris Maria Rdirector | Grant | 3,436 | — |
| Apr 30, 2026 | Chancy Mark Adirector | Grant | 3,436 | — |
| Apr 30, 2026 | Vautrinot Suzanne Mdirector | Grant | 3,436 | — |
Source: WFC SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full WFC insider & 13F page →WFC research & analysis
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Wells Fargo & Company company profile
Overview
Wells Fargo & Company (NYSE:WFC) is one of the largest diversified financial services companies in the United States, with roots dating back to 1852 when it was founded during the California Gold Rush. Originally established as an express and banking company serving the American West, Wells Fargo has evolved into a major financial institution headquartered in San Francisco, California. The company operates as a full-service bank providing a comprehensive range of financial products and services to consumers, small businesses, and large corporations across the United States and internationally. Wells Fargo has faced significant regulatory challenges in recent years, including consent orders related to risk management and operational controls, though the company has made substantial progress in addressing these issues with five consent orders closed in Q1 2025.
Business
Wells Fargo operates as a diversified financial services company through four primary business segments that collectively serve millions of customers across different market segments. The banking industry in which Wells Fargo operates involves taking deposits from customers and lending those funds to borrowers, earning profit from the interest rate spread between what they pay depositors and what they charge borrowers. **Consumer Banking and Lending** represents the largest segment, providing traditional banking services to individual consumers and small businesses. This includes checking and savings accounts, which are deposit products where customers store their money, and credit and debit cards that allow customers to make purchases and access their funds. The segment also offers various lending products including home mortgages (loans to purchase real estate), auto loans (financing for vehicle purchases), personal loans, and small business lending. This segment generates approximately 40-45% of total revenue. **Commercial Banking** focuses on serving mid-sized private companies, family-owned businesses, and certain public companies. Services include commercial loans (business financing), treasury management (cash flow and payment processing services), secured lending and lease products, and banking services across various industry sectors and municipalities. This segment contributes roughly 25-30% of total revenue. **Corporate and Investment Banking** serves large corporations, commercial real estate companies, government entities, and institutional clients. Key offerings include corporate banking (large-scale lending and cash management), investment banking (advisory services for mergers, acquisitions, and capital raising), treasury management, commercial real estate lending, and capital markets services including equity and fixed income trading, sales, and research. This segment accounts for approximately 15-20% of revenue. **Wealth and Investment Management** provides personalized financial services to affluent, high-net-worth, and ultra-high-net-worth individuals. Services include wealth management (investment portfolio management), brokerage services (stock and bond trading), financial planning, private banking (exclusive banking services for wealthy clients), and trust and fiduciary services (managing assets on behalf of clients). This segment represents roughly 10-15% of total revenue.
Revenue model
Wells Fargo generates revenue through multiple streams typical of traditional banking operations. The primary revenue source is net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This spread-based model means the bank profits by borrowing money at lower rates (through customer deposits) and lending it at higher rates (through various loan products). The second major revenue stream is noninterest income, which includes fees from various services. These encompass credit card interchange fees (fees paid by merchants when customers use cards), investment banking fees (charges for advisory services and underwriting), wealth management fees (typically asset-based fees calculated as a percentage of assets under management), mortgage banking fees (income from originating and servicing home loans), and various service charges on deposit accounts. The bank's customers span the entire economic spectrum. Consumer banking serves individual retail customers and small businesses, commercial banking targets mid-market companies with revenues typically between $20 million and $2 billion, while corporate and investment banking serves large corporations and institutional clients. Wealth management focuses on affluent individuals with substantial investable assets. Several factors significantly impact Wells Fargo's profitability margins. Interest rate environments directly affect net interest income - rising rates generally benefit banks as loan yields increase faster than deposit costs, while falling rates compress margins. Credit quality impacts profitability through loan loss provisions, with economic downturns typically leading to higher charge-offs. Regulatory compliance costs represent a substantial expense, particularly given Wells Fargo's ongoing regulatory obligations. Competition from both traditional banks and fintech companies affects pricing power and market share. Deposit mix influences funding costs, as non-interest bearing deposits are cheaper than interest-bearing ones. Finally, loan demand affects asset growth and revenue generation, with strong economic conditions typically driving higher lending volumes.
Competitive moat
Wells Fargo's competitive moat is moderate but faces ongoing challenges. The bank's primary moat stems from its scale and distribution network, operating one of the largest branch networks in the United States with thousands of locations, providing convenient access for customers and creating switching costs. The company also benefits from customer relationship depth, as many customers maintain multiple products (checking, savings, credit cards, mortgages) with the bank, creating significant switching friction and cross-selling opportunities. The bank's deposit franchise represents a valuable moat component, as customer deposits provide a relatively stable and low-cost funding source compared to wholesale funding markets. Additionally, Wells Fargo's brand recognition and long operating history create trust and familiarity among customers, particularly important in financial services where confidence is paramount. However, Wells Fargo's moat has been significantly weakened by regulatory constraints and reputational damage from past scandals. The Federal Reserve's asset cap, imposed in 2018, has limited the bank's ability to grow its balance sheet and compete effectively in certain markets. While progress has been made with consent order closures, regulatory overhang continues to constrain strategic flexibility. The competitive landscape presents ongoing challenges. Fintech companies are disrupting traditional banking services with superior digital experiences and lower costs, particularly in payments, lending, and wealth management. Big Tech companies like Apple, Google, and Amazon are increasingly offering financial services, leveraging their massive customer bases and technological capabilities. Traditional competitors like JPMorgan Chase and Bank of America continue to invest heavily in technology and customer experience improvements. The banking industry's fundamental economics are also under pressure from low interest rates (though rates have recently risen), increased regulatory requirements, and changing customer preferences toward digital-first experiences. Wells Fargo's moat strength is currently below historical levels but could strengthen as regulatory issues are resolved and digital transformation efforts bear fruit.
Risks & safety
Wells Fargo demonstrates a moderate margin of safety with mixed financial health indicators. **Liquidity and Solvency:** - Cash and short-term investments of $203 billion provide substantial liquidity buffer - Current ratio of 1.81 indicates adequate short-term liquidity management - Debt-to-equity ratio of 1.04 is typical for large banks but indicates moderate leverage - Strong capital position with CET1 ratio around 11%, well above regulatory minimums - No immediate solvency concerns given regulatory capital buffers **Valuation Metrics:** - P/E ratio of 13.1x appears reasonable for a large bank - Price-to-book ratio of 1.44x suggests modest premium to book value - Return on equity of 11% is solid for the banking sector - Trading below historical valuation multiples due to regulatory overhang **Other Considerations:** - Asset quality remains generally strong with manageable credit losses - Regulatory constraints limit growth potential but provide operational stability - Substantial cash flow generation supports dividend payments and share buybacks - Exposure to commercial real estate, particularly office properties, presents some credit risk
Recent development
Wells Fargo has undergone significant strategic transformation over the past few years, primarily focused on resolving regulatory issues and rebuilding operational capabilities. The most significant development has been the substantial progress on consent orders, with five orders closed in Q1 2025, representing a major milestone in the bank's regulatory remediation efforts. This progress has freed up management time and resources to focus on business growth initiatives. The company has made major investments in its credit card business, launching 11 new credit card products since 2021 and opening over 2.4 million new credit card accounts in 2024. Strategic partnerships have been established with brands like Expedia, Volkswagen, and Audi to expand the card portfolio and reach new customer segments. The credit card business has shown strong momentum with increasing balances and spend volumes. Digital transformation has been a key focus area, with significant investments in technology infrastructure and customer experience improvements. The bank has expanded its AI-powered virtual assistant called Fargo and increased mobile active customers while growing digital account openings. Branch network optimization has included refurbishing 730 branches in 2024 while maintaining strategic physical presence. In Corporate and Investment Banking, Wells Fargo has added significant talent and expanded capabilities, including the appointment of Fernando Rivas as Co-CEO of the division. The bank has focused on improving market share in investment banking while maintaining disciplined risk management. Trading and capital markets capabilities have been enhanced to better serve institutional clients. The company has also pursued selective divestitures of non-core businesses while focusing resources on primary banking relationships and growth opportunities. Headcount has been reduced for 17 consecutive quarters through Q3 2024, reflecting ongoing efficiency initiatives while strategic hiring continues in key growth areas like relationship banking and technology.
WFC company profile · for informational purposes only — not investment advice.
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