WFC Financial Services

Wells Fargo & Company

$85.53-0.42%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Financial Services
Industry: Banks - Diversified
Country: United States
Market cap: 258.6B USD
Full-time employees: 197,466

Overall health

About average: profitability, growth and valuation

Ranks #401 of 791 banks & insurance companies (bottom 50%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 21% from December 2022 to July 2026.
Wells Fargo had 21% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

StockQuotient Score

51/ 100▼ 2 since Oct 27 close

Oct 5 54 → Nov 4 51 (-3)

Valuation

Is the price right?

51/100

Moderate▼ 5 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 56 → 51

Share price +3.5%-3
Peer companies moved-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield69.7%

SEC filings · latest balance sheetReported value40% base weight · Z-score -0.35Sector median: 0.7950 · MAD: 0.2843

Earnings yield8.7%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score 0.33Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield7.4%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

51/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.1%

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth16.4%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 0.02Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth2.4%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth6.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

51/100

Moderate▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 52 → 51

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.29Sector median: 0.0117 · MAD: 0.0062

Return on equity12.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.46Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Wells Fargo

Is Wells Fargo getting weaker?: Its latest SEC filing (Jul 28, 2026) showed no major changes. Its overall score is 51/100, down 2 since Oct 28, 2026.
How is Wells Fargo valued vs its peers?: Priced about in line with its peers. Valuation scores 51/100 against 950 banks & insurance peers.
Is Wells Fargo growing?: At about the same pace as its peers. Growth scores 51/100 against 950 banks & insurance peers.
How profitable is Wells Fargo?: About as profitable as its peers. Profitability scores 51/100 against 950 banks & insurance peers. Return on equity 12.5% vs a peer median of 10.7% (stronger than 62% of peers).Return on equity 12.5% vs peers 10.7% (stronger than 62% of peers).
How risky is Wells Fargo?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 28, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	85.0B USD	86.8B USD	+2.1%
Net income (12 months)	21.7B USD	22.6B USD	+4.2%
Debt	216.2B USD	207.3B USD	−4.1%
Cash	173.3B USD	201.5B USD	+16.3%
Shares outstanding	3.06B	3.02B	−1.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Banks & Insurance · 209 companies

Valuations in Banks & Insurance are within their usual range since 2016.

55% of months since 2016 were valued lower than now.
27% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +25% and earnings +33% (medians): prices and earnings moved broadly together.
Median price-to-book is −57% vs the whole market, against a usual −57%.

2016Shaded: most expensive fifth of its range2026

Shown for Banks & Insurance: too few Banks - Diversified companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	27.9%	18.4%	23.2%	24.0%	25.5%	▲ 1.5 pts
Return on assets (ROA)	1.1%	0.7%	1.0%	1.0%	1.0%	▼ 0.0 pts
Return on equity (ROE)	11.8%	7.6%	10.3%	11.0%	11.8%	▲ 0.8 pts
Debt to equity	1.04×	1.25×	1.60×	0.98×	1.07×	▲ 8.6%

WFC price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

About average: profitability, growth and valuation

Ranks #401 of 791 banks & insurance companies (bottom 50%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Questions investors ask about Wells Fargo

Is Wells Fargo getting weaker?

Its latest SEC filing (Jul 28, 2026) showed no major changes. Its overall score is 51/100, down 2 since Oct 28, 2026.

How is Wells Fargo valued vs its peers?

Priced about in line with its peers. Valuation scores 51/100 against 950 banks & insurance peers.

Is Wells Fargo growing?

At about the same pace as its peers. Growth scores 51/100 against 950 banks & insurance peers.

How profitable is Wells Fargo?

About as profitable as its peers. Profitability scores 51/100 against 950 banks & insurance peers. Return on equity 12.5% vs a peer median of 10.7% (stronger than 62% of peers).Return on equity 12.5% vs peers 10.7% (stronger than 62% of peers).

How risky is Wells Fargo?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

85.0B USD

86.8B USD

+2.1%

Net income (12 months)

21.7B USD

22.6B USD

+4.2%

Debt

216.2B USD

207.3B USD

−4.1%

Cash

173.3B USD

201.5B USD

+16.3%

Shares outstanding

3.06B

3.02B

−1.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

27.9%

18.4%

23.2%

24.0%

25.5%

▲ 1.5 pts

Return on assets (ROA)

1.1%

0.7%

1.0%

▼ 0.0 pts

Return on equity (ROE)

11.8%

7.6%

10.3%

11.0%

11.8%

▲ 0.8 pts

Debt to equity

1.04×

1.25×

1.60×

0.98×

1.07×

▲ 8.6%