Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and overseas.
| Revenue (TTM) | $83.11B |
| Gross Profit (TTM) | $83.11B |
| EBITDA | — |
| Operating Margin | 34.10% |
| Return on Equity | 12.90% |
| Return on Assets | 1.08% |
| Revenue/Share (TTM) | $27.13 |
| Book Value | $52.86 |
| Price-to-Book | 1.50 |
| Price-to-Sales (TTM) | 3.03 |
| EV/Revenue | 5.4 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 12.70% |
| Quarterly Revenue Growth (YoY) | 0.40% |
| Shares Outstanding | $3.00B |
| Float | $2.99B |
| % Insiders | 0.09% |
| % Institutions | 79.39% |
Volatility is currently expanding
The U.S.'s four largest money-center banks are JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Within this group, some trade at premium valuations, while others still look like value plays.
I'm rating Wells Fargo a Strong Buy with a $97 price target, implying 21% upside from $80. Removal of the Fed's asset cap enables balance sheet expansion, supporting EPS growth to $8.07 by 2027. Key drivers include net interest income growth, fee-based revenue expansion, disciplined cost reductions and ongoing share repurchases.
WFC targets $13 billion in Q4 net interest income as deposit growth, consumer lending momentum and improving returns support its profitability outlook.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced that Cayetano Gea-Carrasco is joining the company as head of AI and Data for Consumer Banking and Lending.
It's earnings season in the finance sector, and many banks are reporting earnings for the first time since the Federal Reserve's first interest rate hike since 2023. The hike was unanimous at 12-0, but the next move is anything but certain as we head into Q4.
All four of America's biggest banks raised their dividends this year, but the capital cushions backing those payouts vary far more than the yields suggest.
S&P 500® and Nasdaq hit fresh all-time highs, but market breadth remains exceptionally thin. Tech is the only sector at record levels. Initial Q3 results show robust strength, headlined by Micron's YoY EPS surge, yet sell-side estimate cuts recently outnumbered raises for the first time in months. Reports from major banks (JPM, WFC, C, GS, MS, BAC) will serve as a crucial real-time check on net interest income, loan demand, and overall consumer credit health.
Citigroup TodayCCitigroup$123.31 -1.22 (-0.98%) As of 12:46 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$95.00▼$147.96Dividend Yield2.17%P/E Ratio13.34Price Target$150.79Add to WatchlistCiti Inc. NYSE: C reported its Q3 numbers Tuesday, Oct. 13, and even though the banking giant did almost everything investors could have asked of it last quarter, the market sold the stock anyway.
The Treasury Department's Office of the Comptroller of the Currency found the nine largest national banks used reputation-risk policies that could let political and social considerations shape banking decisions. The review examined nearly 100,000 complaints and about 420,000 pages of documents.
Influential investor Jim Cramer is sticking with Goldman Sachs (GS) and Wells Fargo (WFC) after their Q3 earnings prompted contrasting reactions on Wall Street. In the most recent Investing Club morning meeting, he identified GS as his “favourite bank stock”, and maintained that WFC remains worth buying despite its mixed quarterly earnings.
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