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Wells Fargo & Co WFC

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Stock XNYS Rating as of
$60.07 −0.54 (0.88%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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Wells Fargo Earnings: Net Interest Income Guidance Unchanged; Trading Revenue Came in Strong

Suryansh Sharma,

Wide-moat-rated Wells Fargo reported first-quarter EPS of $1.20 per share, ahead of the FactSet consensus estimate of $1.06 per share. Trading revenue came in quite strong at $1.4 billion, which was an all-time high for the bank. Excluding the one-time FDIC special assessment of $284 million for uninsured deposits of certain failed banks during the banking turmoil of early 2023, the core operating results came in at $1.26 per share. The first-quarter numbers resulted in a return on tangible equity of 12.3%, still below management’s medium target of 15%.

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Price vs Fair Value

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WFC is trading at a 5% premium.
Price
$60.94
Fair Value
$69.00
Uncertainty
Medium
1-Star Price
$85.30
5-Star Price
$61.90
Economic Moat
Gptn
Capital Allocation
Hdbwgpflx

Bulls Say, Bears Say

Bulls

Wells should have several years left of slower expense growth, while a big regulatory catalyst—the lifting of the asset cap—remains.

Bears

Wells Fargo still has consent orders outstanding, including the asset cap, and has been on defense for years, raising the potential for structural damage to its competitive positioning.

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Trading Information

Previous Close Price
$60.61
Day Range
$59.61–60.96
52-Week Range
$36.41–61.75
Bid/Ask
$60.07 / $60.08
Market Cap
$210.28 Bil
Volume/Avg
16.6 Mil / 19.3 Mil

Key Statistics

Price/Earnings (Normalized)
11.81
Price/Sales
2.70
Dividend Yield (Trailing)
2.21%
Dividend Yield (Forward)
2.29%
Total Yield
7.81%

Company Profile

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Sector
Financial Services
Industry
Banks - Diversified
Stock Style Box
Large Value
Total Number of Employees
226,000
Website
https://www.wellsfargo.com

Competitors

Valuation

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Metric
WFC
C
BAC
Price/Earnings (Normalized)
 11.8112.2112.39
Price/Book Value
 1.310.631.14
Price/Sales
 2.701.543.14
Price/Cash Flow
 6.464.707.33
Price/Earnings
WFC
C
BAC

Financial Strength

Metric
WFC
C
BAC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
WFC
C
BAC
Return on Assets (Normalized)
 1.04%0.41%0.99%
Return on Equity (Normalized)
 12.17%5.31%12.26%
Return on Invested Capital (Normalized)
 ———
Return on Assets
WFC
C
BAC
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