| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 74 | 12.5x | 17.6x | Top tier | |
Growth | 27 | 5.5% | 7.1% | Bottom tier | |
Quality | 73 | — | — | Top tier | |
Safety | 12 | — | — | Bottom tier | |
Capital Return | 51 | 1.97% | 2.15% | Around median | |
Momentum | 68 | 7.5% | 2.3% | Top tier | |
Sentiment | 85 | 16 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Wells Fargo & Company operates under the ticker WFC as a diversified bank serving individuals, businesses, institutions, and wealth management clients. It generates income from net interest income on loans, securities, and financing relative to the cost of deposits, and from noninterest income such as investment advisory, brokerage, investment banking, trading, and payments fees. Its operating segments include Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
In fiscal Q2 2026, revenue grew 9% year over year, net interest income rose 5%, and noninterest income increased 13% and exceeded $10 billion. Net income was $4.1 billion, up 17%, while diluted earnings per share increased 25% to $2.00, including discrete tax benefits of $132 million, or $0.04 per share. Noninterest expense rose only 2%, reducing the efficiency ratio by four percentage points to 60%, while the net interest margin contracted four basis points compared with fiscal Q1 2026.
Growth was broad-based in fiscal Q2 2026; Corporate and Investment Banking revenue increased 16%, Markets revenue 24%, Banking revenue within that segment 20%, Wealth and Investment Management revenue 13%, and Commercial Banking revenue 6%. In Consumer Banking, auto revenue rose 33% and credit card revenue 2%, versus a 7% decline in home lending revenue. Average loans and deposits also increased 12% and 10%, respectively, while the net loan charge-off ratio improved by ten basis points to 0.34% of average loans.
The analyst consensus on WFC is Neutral, with an average target of $98.14 and a range of $92 to $108, while the 52-week range extends from $72.78 to $97.76. The average target is only about 0.4% above the annual range high, while the highest target exceeds that high by approximately 10.5%, reflecting differing views between confidence in loan and fee growth and the risks of net interest margin contraction and volatility in venture capital gains.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Wells Fargo's revenue grew 9% year over year in fiscal Q2 2026, and net income increased 17% to $4.1 billion. Diluted earnings per share were $2.00, up 25%, and included discrete tax benefits of $0.04 per share. Net interest income also rose 5%, noninterest income increased 13%, and the efficiency ratio improved to 60%.
On July 14, 2026, management reaffirmed its expectation for net interest income of approximately $50 billion, plus or minus, for fiscal 2026. This includes about $48 billion excluding Markets and approximately $2 billion from Markets activity. Management expects stronger growth in the second half of fiscal 2026, with modest net interest margin contraction in fiscal Q3 2026 followed by stabilization in fiscal Q4 2026.
Markets revenue increased 24%, and Banking revenue within Corporate and Investment Banking rose 20% in fiscal Q2 2026. Investment banking fees exceeded $900 million, a quarterly record, while Wells Fargo ranked third in leveraged finance and fourth among U.S. M&A advisors by announced deal volume. Trading-related assets also increased 41%, and management says financing provided to clients generated higher trading revenue and gains in wallet share.
Automated analysis for informational purposes only — not investment advice.
New credit card accounts increased 46% in fiscal Q2 2026, but card revenue rose only 2% because of the upfront costs of new accounts. Card vintages typically require two or three years to mature, and the 2022 to 2024 vintages have begun contributing to profitability. In auto, originations rose 41%, average balances increased 31%, and revenue grew 33%, supported by the preferred financing agreement for Volkswagen and Audi vehicles in the United States.
The Common Equity Tier 1 capital ratio was 10.3% in fiscal Q2 2026, within management's target range of 10% to 10.5% and above the regulatory minimum including buffers of 8.5%. The bank returned more than $9.8 billion to shareholders during the first half of fiscal 2026, including $7 billion in common stock repurchases. On July 28, 2026, the Board of Directors approved an 11% increase in the quarterly common stock dividend to $0.50 per share.
On August 4, 2026, Wells Fargo announced a plan to launch tokenized deposits for corporate clients through a private blockchain network, with the goal of making payments faster, more transparent, and more predictable. Treasury and payments revenue included in Commercial Banking and Corporate and Investment Banking had increased 5% in fiscal Q2 2026. On August 17, 2026, the bank also disclosed a $9.18 million exposure to the Bitwise XRP ETF, an amount that is limited relative to Wells Fargo's size and does not by itself represent a major financial driver.
