Wells Fargo & Company (WFC)
Financials · Diversified Banks · US stock · S&P 500 component
$83.01
▲ +0.59 (0.72%)
Fair valueFair
$75 −9.7% to fair value
$37fair band $64–$91$112
Day's range
$81.02 – $83.38
52-week range
$72.78 – $97.76
About Wells Fargo & Company
Wells Fargo is a large diversified bank holding company in the United States. It offers consumer and small business banking, home lending, credit cards, auto loans, commercial lending, and investment and wealth services. The bank earns money mainly from the interest margin between loans and deposits, plus fees from payments, advisory work, asset management and trading. Its results depend on interest rates, credit quality and regulation of its operations.
Return on invested capital reached 12%. It pays a dividend with a yield of 2.2%. Its X-Ray Score is 38 out of 100. Any one measure gives only a partial picture of the business. These figures describe past results and say nothing certain about the future.
Price chart
52-wk range $72.78 – $97.76Volume 9,996,436Daily, split-adjusted
Vitals
Market cap$255.2B
52-week range$72.78 – $97.76
Volume (last day)9,996,436
P/E (TTM)11.6
EBIT / EV yield10.3%
Free-cash-flow yield–
Dividend yield2.2%
Revenue (TTM)$614M
Net income (TTM)$22.6B
Operating margin4,472.8%
Return on capital12.1%
Debt incl. leases$211.4B
Cash & securities$201.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$75middle half of models $71 – $83
Fair
−9.7% to fair value
Average of the 5 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $83
Undervalued < $64Fair $64 – $91Overvalued > $91
P/E multiple
$83
P/B multiple
$71
P/S multiple
$58
Dividend discount, stable
$71
Dividend discount, multi-stage
$92
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
31/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield10.3%
Fair value vs price0.9×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
EPS growth (3y)24.2%
Growth consistency0%
Profitability
Weak
42/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.1%
Operating margin4,472.8%
Financial health
Weak
44/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA0.3×
Interest coverNo interest cost
Dividends
Fair
56/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.2%
Dividend growth9.2%
Quarterly results: last 6 quarters
-6.0%
Mar '25
-3.3%
Jun '25
-4.2%
Sep '25
-4.7%
Dec '25
-64.4%
Mar '26
-65.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $81M, diluted EPS $2.00.
Compare with peers
USB Us Bancorp De63 PNC Pnc Financial Services...49 JPM Jpmorgan Chase & Co49 BAC Bank Of America Corp48Other Diversified Banks companies by X-Ray Score.
SWOT analysis: Wells Fargo & Company
Strengthsinside the company
- Return on invested capital is 12.1%, against a median of 7.2% for industry peers.
- Operating margin of 4,472.8% is well above the 36.2% median of industry peers, a sign of pricing power or lower costs.
- Earnings per share have compounded at 24.2% a year over three years.
- Net debt is only 0.3x EBITDA.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare WFC with peers and sector
Medians of 6 Diversified Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, BAC 48, C 24, USB 63, PNC 49, TFC 38.
| Metric | WFC | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 38 | 49 | 50 |
| Valuation | 31 | 63 | 52 |
| Growth | 28 | 32 | 54 |
| Profitability | 42 | 39 | 49 |
| Financial health | 44 | 51 | 51 |
| Dividends | 56 | 53 | 54 |
Sector leaders: highest X-Ray Score in Financials
WFC ranks #57 of 71 in Financials and #5 of 7 in Diversified Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for WFC
Each factor is rated by where WFC stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 1 Average · 2 Bad of 7
Growth: 1 · 0 · 1
Profitability: 1 · 1 · 0
Valuation: 2 · 0 · 1
| Factor | WFC | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, last year | −4.6% | Bad beats 5% | +6.9% | – | – |
| EPS growth, 3 years a year | +24.2% | Good beats 78% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 3,682.4% | Good beats 99% | 21.8% | 2,052.2% | ▲ Better |
| Return on equity | 12.5% | Average beats 42% | 15.7% | 11.0% | ≈ In line |
| Valuation | |||||
| P/E ratio | 11.3x | Good beats 71% | 13.8x | 11.6x | ≈ In line |
| Price / book | 1.4x | Good beats 71% | 2.2x | 1.0x | ▼ Worse |
| Price / sales | 415.7x | Bad beats 2% | 3.1x | 253.4x | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 3 Average · ● 4 BadCash quality
Earnings backed by cashBad
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Good
Growth consistencyBad
Balance sheet
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 47/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | – | – | $1.0B | $961M | $917M |
| Operating income | $33.5B | $24.7B | $54.4B | $23.4B | $25.2B |
| Net income | $22.1B | $13.7B | $19.1B | $19.7B | $21.3B |
| Operating cash flow | −$11.5B | $27.0B | $40.4B | $3.0B | −$19.0B |
| Operating margin | – | – | 5,378.7% | 2,431.2% | 2,748.0% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $5.08 | $3.27 | $4.83 | $5.37 | $6.26 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 82.46 | Bullish |
| EMA 10 | 82.38 | Bullish |
| SMA 20 | 81.74 | Bullish |
| EMA 20 | 82.64 | Bullish |
| SMA 50 | 84.76 | Bearish |
| EMA 50 | 83.78 | Bearish |
| SMA 100 | 84.79 | Bearish |
| EMA 100 | 83.91 | Bearish |
| SMA 200 | 83.31 | Bearish |
| EMA 200 | 83.06 | Bearish |
Oscillators (daily)
| RSI (14) | 50.03 | Neutral |
| MACD (12, 26) | -0.57 | Bearish |
| Momentum (12) | 1.84 | Bullish |
| Stochastic %K (14) | 74.26 | Neutral |
| Williams %R (14) | -25.74 | Neutral |
| CCI (20) | 55.94 | Neutral |
Pivot points (classic, last session)
S3 79.21 | S2 80.11 | S1 81.56 | Pivot 82.47 | R1 83.92 | R2 84.82 | R3 86.27 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.85 USD
Yield on today's price
2.23%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5000 | |
| 0.4500 | |
| 0.4500 | |
| 0.4500 | |
| 0.4500 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.3500 | |
| 0.3500 | |
| 0.3500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold WFC
| ETF | Share of the fund |
|---|---|
| KBWB Invesco KBW Bank | 7.13% |
| IYF iShares U.S. Financials | 3.83% |
| PWV Invesco Dynamic Large Cap Value | 3.44% |
| XLF Financial Select Sector SPDR | 3.33% |
| VFH Vanguard Financials | 2.93% |
| JAVA JPMorgan Active Value | 2.59% |
| ROCY JPMorgan Equity Premium Yield | 2.11% |
| CGDV Capital Group Dividend Value | 1.99% |
The eight funds with the largest weight in WFC among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
WFC stock splits
WFC has split its stock 3 times since 1993. The latest was a 2-for-1 split on 14 Aug 2006.
Full WFC stock split history →WFC SEC filings
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Current report
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Current report
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Current report
8-KSEC EDGAR
Director or officer change; Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.