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Wells Fargo (WFC) stock

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NYSE: WFC NYSE Diversified Banks Next results ~January 14, 2027

C+ Fundamentals grade

Wells Fargo is a US-listed company in the diversified banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$71

Valuation models combined (6)

Base case. Range ~$43–$82. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Overvalued

The price is above our entire value range; our base value is 18% below it.

Price used: $85.89, November 2, 2026

Wells Fargo valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Wells Fargo files

10-Q filed October 28: Wells Fargo

Model value +2.2%

Revenue for the twelve months to September 2026 was $87.2bn, up 5.4% on a year earlier, slower than the 6.2% growth a quarter earlier. The diluted share count is down 5.8% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C to C+. Our model value rises from $72.46 to $74.08 a share, against a share price of $83.40. The rating stays Hold.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 28: Wells Fargo

Revenue for the twelve months to June 2026 reached $87.2bn, up 5.4% on a year earlier. That marks a slowdown from the 6.2% growth recorded a quarter earlier. Over the same period, the diluted share count fell 5.8%, lifting the value attached to each remaining share. The fundamentals grade improves from D to C. Our model value eases from $73.76 to $72.46 a share, set against a share price of $82.66. The rating stays Hold.

10-Q on SEC EDGAR

Where Wells Fargo stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $86.8bn, up 6.2% on a year earlier, faster than 4.2% a quarter earlier. The diluted share count is down 6.0% on a year earlier, which lifts each remaining share. Our valuation models combined value is $75.52 a share, against a share price of $81.94.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 14, 2027 (estimated)

Wells Fargo's trailing-twelve-month revenue grew 5.4% year on year, with a free-cash-flow margin of 24.3%. Where it stands out: change in share count of -5.8% ranks 2 of 14 diversified banks companies we cover.

Current signal Share count shrinking (buybacks): Diluted shares outstanding fell 5.8% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 24.3% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 5.8% in a year, so each share owns more of the business.

Things to watch

  • Insiders selling. 3 insiders sold $10M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: revenue growth. Revenue growth of 5.4% ranks 11 of 14 diversified banks companies we cover (median 10.2%).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$1.87 against an average estimate of $1.86: beat by 0.8%
Revenue
$21.87bn, up 2.0% on a year earlier
Share reaction
-2.9% in the first session after the results on October 13, 2026, against -1.1% for the S&P 500
Guidance given
net interest income (NII) $50bn (2026); net interest income (NII) $13bn (4Q26)
Next report
January 14, 2027; average EPS estimate $1.84

Wells Fargo's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.0%
  • 1 week+3.9%
  • 1 month+6.8%
  • This year-6.3%
  • 1 year+0.9%
  • 5 years+86.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$87.2B
Net margin
26.3%
EPS (TTM, diluted)
$7.41

Growth

Revenue growth
+5.4%
Change in growth rate
−0.8 pts
Share count change
−5.8%

Earnings

Last results
October 13, 2026
Next results (est.)
January 13, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Announcement
  3. Announcement
  4. Announcement
  5. Results

    Wells Fargo releases third quarter 2026 results

    Wells Fargo said it has published its third quarter 2026 financial results. The figures are available on the company's Investor Relations webpage and via a Form 8-K filed with the SEC on Oct. 13, 2026. A live conference call to discuss the performance took place on Oct. 13 at 10:00 a.m. Eastern time.

    Company releaseRead source ↗SEC filing ↗
  6. Guidance
  7. Announcement

    Wells Fargo adds debit card personalization to mobile app

    Wells Fargo said it launched Mobile Card Design Studio, allowing customers to upload personal photos to customize eligible debit cards within the Wells Fargo Mobile app. The company noted the feature lets users create, preview and submit designs directly from their devices. It also mentioned a recent expansion of ExpressSend for international transfers.

    Company releaseRead source ↗
  8. Results
  9. Announcement
  10. Leadership
  11. Guidance
  12. Governance
  13. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Wells Fargo valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$71
Price used
$85.49close November 3, 2026
Implied change
▼ 17%
Uncertainty
Medium

How we got here: the combined value of 6 valuation models built for a business like Wells Fargo (see the models table below and how they are combined) , with a 8.85% cost of equity. The models span ~$43–~$82; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Wells Fargo as a bank or lender, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.87 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$71 ~$50–$100 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$76 ~$65–$92 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$74 ~$45–$100 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$43 ~$55–$82 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$78 ~$74–$94 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$82 ~$69–$100 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$71 ~$43–$82 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Wells Fargo with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

65 /100

Moderate moat

How hard Wells Fargo's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 1.0% of total assets over 10 years.

  • Durability 10 / 20

    Net margin has been a median 24.3%; its worst year was 4.1%.

  • Discipline 20 / 20

    The diluted share count fell 25.2% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 14, 2027, before the open. Analysts expect revenue of $22.4bn and EPS of $1.84 (range $1.60 to $1.92) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.34 +17% $88.2bn +5%
Next $8.06 +10% $93.0bn +5%

Next year's EPS estimate has moved +1.4% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.9% on 90 days ago. In the last 30 days, 9 analysts raised Wells Fargo's forecast and 6 cut it.

Consensus EPS forecast Wells Fargo, last 90 days
$7.20 $7.40 $7.60 $7.80 $8.00 $8.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.27 Current fiscal year, 60 days ago: $7.31 Current fiscal year, 30 days ago: $7.31 Current fiscal year, 7 days ago: $7.34 Current fiscal year, Now: $7.34 $7.34 Next fiscal year, 90 days ago: $7.95 Next fiscal year, 60 days ago: $7.97 Next fiscal year, 30 days ago: $7.96 Next fiscal year, 7 days ago: $8.05 Next fiscal year, Now: $8.06 $8.06

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.27$7.95
60 days ago $7.31$7.97
30 days ago $7.31$7.96
7 days ago $7.34$8.05
Now $7.34$8.06

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.86 $1.87 +0.8%
Jun 2026 $1.72 $2.00 +16.4%
Mar 2026 $1.58 $1.60 +1.1%
Dec 2025 $1.67 $1.62 −2.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 13, 2026
  • Net interest income (NII) 2026 about $50bn Maintained
    “Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance” source
  • Noninterest expense 2026 about $55.7bn Maintained
    “Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance” source
  • Net interest income (NII) 4Q26 about $13bn
    “Expect 4Q26 net interest income to be ~$13 billion” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

27 analysts, Oct 2026
Buy1970%
Hold830%
Sell00%

Monthly trend

  1. Oct 2026514827
  2. Sep 2026413926
  3. Aug 20263131026
  4. Jul 20263131026

Counts of recommendations published by analysts covering Wells Fargo, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0
at average volume
Short interest, 1 month
−100%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
0.1%
of shares
Employees
194,369
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +0.9%

$85.11 on October 31, 2025 to $85.89

ThenNowEffect
Revenue (last 12 months) $81.7bn $86.8bn +6.2%
Net margin 25.2% 26.0% +3.4%
P/E multiple 13.8x 11.9x −13.6%
Share count 3343m 3143m +6.4%

Biggest factor: p/e multiple.

Last 3 years +120.0%

$39.04 on November 3, 2023 to $85.89

ThenNowEffect
Revenue (last 12 months) $80.9bn $86.8bn +7.3%
Net margin 20.6% 26.0% +26.3%
P/E multiple 8.9x 11.9x +34.2%
Share count 3801m 3143m +20.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WFC+61%−12%+23%+47%+36%−6%
Industry peers (median)+28%−19%+5%+29%+19%+8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WFC67%50%67%58%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WFC−15%−36%−25%−17%−25%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 65% from January 26, 2018 to October 29, 2020. Getting back needed a 181% gain, reached on February 8, 2022, 467 days after the low.

Price behaviour

52-week range
$73.00 – $94.83
From 52-week high
−9.4%
vs 50-day average
+1.8%
vs 200-day average
+3.4%
Volatility (1 year)
26%
Beta vs S&P 500
0.68

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
0 up, 4 down
typical move ±3.8%
After a week
1 up, 3 down
typical move ±3.3%
After a month
1 up, 2 down
typical move ±7.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 13, 2026 −2.9% −1.1% −1.3% —
July 14, 2026 −0.2% +0.8% +0.1% +2.0%
April 14, 2026 −7.3% +2.0% −5.9% −14.6%
January 14, 2026 −4.9% −0.2% −5.9% −6.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Wells Fargo’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.17× the last 60 days’ realised volatility , richer than 49% of the 229 stocks we screen today.
  • Puts are priced 5 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

WFC Wells Fargo Grade C+ $85.63

Own 100 shares, sell the $89.00 call expiring December 4, 2026 (32 days) for $1.09 a share — $109 per contract.

Previous session · Bid $1.09, ask $1.44, quoted Mon 2 Nov, 17:40 New York time with WFC at $85.63. Option prices move with the shares: check the live chain at your broker before trading.

  • If WFC ends below $89.00: you keep your shares and the $109 — 1.3% extra on the position, 14.5% a year at that pace.
  • If it ends above $89.00: your shares are sold at $89.00, a total return of 5.2% including the premium — at or above our value of ~$71.
$446 $0 −$1.7k Our value $71.00 Break-even $84.54 Price $85.63
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$109
Annualised
14.5%
Break-even
$84.54
Max gain
$446
Chance of selling
~34%

Collar

Own the shares, buy the $84.00 put and sell the $89.00 call, both expiring December 4, 2026 (32 days).

  • Net cost of $1.17 a share ($117 per contract of 100 shares).
  • Worst case at expiry: -3.3%, if the shares fall below $84.00 (-1.9% from today).
  • Best case at expiry: +2.6%, if the shares rise above $89.00 (+3.9%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $71.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Wells Fargo in five measures

Fundamentals grade C+
Growth Profitability Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Wells Fargo
$80B $82B $84B $86B $88B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $82.6B Revenue (TTM), FY24 Q1: $82.7B Revenue (TTM), FY24 Q2: $82.9B Revenue (TTM), FY24 Q3: $82.4B Revenue (TTM), FY24 Q4: $82.3B Revenue (TTM), FY25 Q1: $81.6B Revenue (TTM), FY25 Q2: $81.7B Revenue (TTM), FY25 Q3: $82.8B Revenue (TTM), FY25 Q4: $83.7B Revenue (TTM), FY26 Q1: $85B Revenue (TTM), FY26 Q2: $86.8B Revenue (TTM), FY26 Q3: $87.2B $87.2B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $82.6B
FY24 Q1 $82.7B
FY24 Q2 $82.9B
FY24 Q3 $82.4B
FY24 Q4 $82.3B
FY25 Q1 $81.6B
FY25 Q2 $81.7B
FY25 Q3 $82.8B
FY25 Q4 $83.7B
FY26 Q1 $85B
FY26 Q2 $86.8B
FY26 Q3 $87.2B
Revenue growth, TTM YoY Wells Fargo
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 11.1% Revenue growth, TTM YoY, FY24 Q1: 6.9% Revenue growth, TTM YoY, FY24 Q2: 2.5% Revenue growth, TTM YoY, FY24 Q3: 0.3% Revenue growth, TTM YoY, FY24 Q4: -0.4% Revenue growth, TTM YoY, FY25 Q1: -1.4% Revenue growth, TTM YoY, FY25 Q2: -1.4% Revenue growth, TTM YoY, FY25 Q3: 0.5% Revenue growth, TTM YoY, FY25 Q4: 1.7% Revenue growth, TTM YoY, FY26 Q1: 4.2% Revenue growth, TTM YoY, FY26 Q2: 6.2% Revenue growth, TTM YoY, FY26 Q3: 5.4% 5.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 11.1%
FY24 Q1 6.9%
FY24 Q2 2.5%
FY24 Q3 0.3%
FY24 Q4 -0.4%
FY25 Q1 -1.4%
FY25 Q2 -1.4%
FY25 Q3 0.5%
FY25 Q4 1.7%
FY26 Q1 4.2%
FY26 Q2 6.2%
FY26 Q3 5.4%
FCF margin (TTM) Wells Fargo
-40% -20% 0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 41.3% FCF margin (TTM), FY24 Q1: 17.3% FCF margin (TTM), FY24 Q2: 20.2% FCF margin (TTM), FY24 Q3: 6.4% FCF margin (TTM), FY24 Q4: -5.5% FCF margin (TTM), FY25 Q1: -4.3% FCF margin (TTM), FY25 Q2: -20.4% FCF margin (TTM), FY25 Q3: -26.3% FCF margin (TTM), FY25 Q4: -31.9% FCF margin (TTM), FY26 Q1: -7.7% FCF margin (TTM), FY26 Q2: 13.2% FCF margin (TTM), FY26 Q3: 24.3% 24.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 41.3%
FY24 Q1 17.3%
FY24 Q2 20.2%
FY24 Q3 6.4%
FY24 Q4 -5.5%
FY25 Q1 -4.3%
FY25 Q2 -20.4%
FY25 Q3 -26.3%
FY25 Q4 -31.9%
FY26 Q1 -7.7%
FY26 Q2 13.2%
FY26 Q3 24.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Wells Fargo earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $87.3B
  2. Fee and other income $36.2B · 43.3%
  3. Interest paid $39.8B
  4. Net interest income $47.5B · 56.7%
  5. Revenue $83.7B
  6. Non-interest expense $54.8B · 65.5%
  7. Credit-loss provisions $3.7B · 4.4%
  8. Pre-tax profit $25.2B · 30.1%
  9. Income tax $3.8B · 4.6%
  10. Net income $21.3B · 25.5%

Shares of revenue. Source: Wells Fargo's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 88.7 85.2 80.9 86.1 83.8 84.3 86.1 88.3 88.4 86.4 85.1 74.3 79.2 74.4 82.6 82.3 83.7 87.2
Net income 12.3 12.4 15.9 18.9 21.9 23.1 22.9 21.9 22.2 22.4 19.7 3.4 22.1 13.7 19.1 19.7 21.3 23.0
Diluted EPS $1.75 $2.21 $2.82 $3.36 $3.89 $4.10 $4.12 $3.99 $4.10 $4.28 $4.09 $0.43 $5.08 $3.27 $4.83 $5.37 $6.26 $7.41
Growth (year on year)
Revenue +111.8% −3.9% −5.0% +6.3% −2.7% +0.7% +2.0% +2.6% +0.1% −2.2% −1.6% −12.7% +6.6% −6.1% +11.1% −0.4% +1.7% +5.4%
Net income +362.3% +0.7% +28.4% +19.1% +15.8% +5.4% −0.7% −4.2% +1.1% +0.9% −12.0% −82.9% +554.7% −38.1% +40.0% +3.0% +8.2% +9.1%
Diluted EPS +150.0% +26.3% +27.6% +19.1% +15.8% +5.4% +0.5% −3.2% +2.8% +4.4% −4.4% −89.5% +>999% −35.6% +47.7% +11.2% +16.6% +15.9%
Margins
Net margin 13.8% 14.5% 19.6% 22.0% 26.1% 27.3% 26.6% 24.9% 25.1% 25.9% 23.2% 4.5% 27.9% 18.4% 23.2% 24.0% 25.5% 26.3%
Cash flow
Cash from operations 28.6 18.8 13.7 58.5 57.6 17.5 15.9 1.0 18.6 36.1 6.7 2.1 −11.5 27.0 40.4 3.0 −19.0 28.9
Stock-based pay 0.2 0.4 0.5 0.6 0.7 0.9 0.8 0.8 0.8 1.0 1.2 0.6 1.0 1.0 1.1 1.3 1.5 —
Balance sheet
Cash — — — — — — 239.5 221.4 215.9 173.3 141.3 264.6 234.2 159.2 236.1 201.9 172.6 179.4
Total debt 242.8 212.4 174.4 184.6 206.9 247.5 297.1 351.9 328.3 334.8 332.7 271.9 195.1 226.0 297.1 175.8 193.0 221.0
Net debt (negative = net cash) — — — — — — 57.5 130.5 112.3 161.5 191.5 7.3 −39.1 66.9 61.1 −26.1 20.4 41.7
Diluted shares 4,563m 5,263m 5,323m 5,352m 5,371m 5,324m 5,210m 5,108m 5,017m 4,838m 4,425m 4,134m 4,096m 3,837m 3,720m 3,468m 3,242m 3,100m
Returned to shareholders
Dividends 2.1 1.0 2.5 4.6 6.0 6.9 7.4 7.5 7.5 7.7 8.2 4.9 2.4 4.2 4.8 5.1 5.4 5.7
Buybacks 0.2 0.1 2.4 3.9 5.4 9.4 8.7 8.1 9.9 20.6 24.5 3.4 14.5 6.0 11.9 19.4 17.5 14.5
Total returned 2.3 1.1 5.0 8.5 11.3 16.3 16.1 15.6 17.4 28.3 32.7 8.3 16.9 10.2 16.6 24.6 23.0 20.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$14.5B
Dividends (TTM)
$5.7B
Returned to shareholders
95%
of free cash flow
Buybacks, last 3 fiscal years
$48.8B
Diluted share count
−5.8%
year over year
Total shareholder yield
7.8%
dividends 2.2% + buybacks 5.6% of market value
Dividend payout ratio
25%
of net income paid out

Competitors: side by side with peers

Closest by revenue in diversified banks
Last 12 months unless stated WFC C BAC TD RY JPM Median
Revenue, last 12 months $87.2bn $91.4bn $120.2bn $48.4bn $47.6bn $199.4bn $28.3bn
Revenue growth, last 12 months 5.4% 10.2% 5.4% 15.1% 12.9% 13.5% 9.6%
Revenue growth, 3-year average 2.0% 5.7% 5.9% — — 10.7% 4.9%
Revenue growth, latest quarter 2.0% 14.3% 3.2% — — 27.7% 10.1%
Net margin 26.3% 19.5% 26.8% 30.3% 30.6% 32.6% 27.2%
Cash from operations / revenue 33.1% −20.0% 34.4% −102.8% 82.9% −81.5% 30.6%
Free-cash-flow margin 24.3% −26.8% 32.4% — 78.3% −86.2% 24.3%
Free-cash-flow margin, 3-year average 1.5% −56.6% 26.8% — 94.9% −62.3% 27.9%
Stock pay / revenue 1.6% 1.9% 3.5% — — 2.0% 1.6%
Change in share count −5.8% −6.4% −4.2% −1.8% −0.2% −3.6% −0.5%

Median of all 14 companies we cover in diversified banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

14 diversified banks companies
Measure Company Peer median Rank
Revenue growth Growth 5.4% 10.2% 11 of 14
Change in growth rate Growth -0.8pp +1.8pp 9 of 14
Net margin Profitability 26.3% 27.5% 9 of 14
Change in share count Balance sheet -5.8% -0.3% 2 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$193B
Institutions reporting
2,865
Shares held vs prior quarter
▲ 1.0%
Positions opened / closed
170 / 109

Top buyers and sellers, Q2 2026: 1,252 institutions bought and 1,245 sold ; the biggest buyer was Arrowstreet Capital, Limited Partnership (+8.5M shares) and the biggest seller Wellington Management Group LLP (−26.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $20.7B 250.6M 10.7% ▼ 3.9%
Vanguard Capital Management LLC $16.5B 199.9M 8.5% ▼ 0.4%
FMR LLC $12.6B 152.6M 6.5% ▼ 5.7%
State Street Corp $11.2B 136.0M 5.8% ▲ 0.4%
Jpmorgan Chase & Co $9.5B 114.2M 4.9% ▼ 11.6%
Capital Research Global Investors $6.3B 76.4M 3.3% ▲ 4.8%
Geode Capital Management, LLC $6.1B 73.9M 3.1% ▲ 0.1%
Vanguard Portfolio Management LLC $5.1B 62.0M 2.7% ▲ 0.6%
Norges Bank $4.6B 55.5M 2.4% —
Morgan Stanley $4.4B 53.4M 2.3% ▲ 3.2%
Bank Of America Corp $3.4B 40.9M 1.7% ▼ 21.3%
State Farm Mutual Automobile Insurance Co $3.3B 39.8M 1.7% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Wells Fargo's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $10.1M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $10.1M net selling
Insider Date Trade Shares Price Value
Engle Bridget E. Sr. Executive Vice President February 26, 2026 Sell 30,000 $87.10 $2.6M
Patterson Ellen R Sr. EVP and General Counsel February 26, 2026 Sell 60,000 $87.40 $5.2M
Santos Kleber Sr. Executive Vice President February 20, 2026 Sell 25,000 $87.72 $2.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 114 trades and filings

In the last 12 months, 4 members of Congress disclosed 1 purchase and 5 sales of Wells Fargo shares.

  • Michael A. Rulli(R-OH 6):Sale (partial), $1,001 - $15,000, traded September 3, 2026, filed October 2, 2026
  • Lloyd Smucker(R-PA 11):Sale (full), $15,001 - $50,000, traded April 23, 2026, filed April 30, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 13, 2027 estimated from the company's past filing pattern, not announced

  • October 13, 2026
  • July 14, 2026
  • April 14, 2026
  • January 14, 2026

Recent SEC filings

Data status

When each part of this page on Wells Fargo was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Wells Fargo in brief

What does Wells Fargo do?
Wells Fargo is a US-listed company in the diversified banks industry. Its financial year ends in December.
What is Wells Fargo's stock ticker?
Wells Fargo trades under the ticker WFC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Wells Fargo's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Wells Fargo reported revenue of $87.2B, 5.4% higher than a year earlier, according to its SEC filings.
What is Wells Fargo's free cash flow?
Wells Fargo's free-cash-flow margin is 24.3% of revenue over the trailing twelve months.
Who are Wells Fargo's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Wells Fargo buying back stock, and does it pay a dividend?
Wells Fargo spent $14.5B on share repurchases over the trailing twelve months, and its diluted share count fell 5.8% over the year.
What is Wells Fargo's market cap?
On November 2, 2026, Wells Fargo's market capitalisation was about $266B, with a price-to-earnings ratio of 11.6 and net debt of $41.7B. Market figures come from third-party market data and may be delayed.
Does Wells Fargo pay a dividend?
Yes: Wells Fargo paid $5.7B in dividends over the trailing twelve months, a dividend yield of 2.20% and a payout ratio of 24.6%.
Who are Wells Fargo's competitors?
In our Diversified Banks peer group, the companies closest to Wells Fargo are Citigroup, Bank of America, Toronto Dominion Bank, Royal Bank Of Canada and JPMorgan Chase. The side-by-side comparison below sets their revenue, margins and growth against Wells Fargo's.
Are insiders buying or selling Wells Fargo stock?
Over the last 12 months, Wells Fargo's directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Wells Fargo's next earnings date?
Around January 14, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Wells Fargo announces its own schedule.