NYSE:WFC
Wells Fargo (WFC)
82.65
+0.26 (0.32%)
as of Oct 26, 2026, 8:00:00 pm Market Closed.
241 watching
Financials 
Technical Analysis 0
PAST TOP PICK
(A Top Pick Feb 14/22, Down 17%) They sold it in March along with everything else. It is executing well, trades at 8X and models 23% per share growth. He would buy now.
Greg NewmanOwned
banks
BUY
His biggest holding. They've made a great progress under the current CEO, though shares remain down this year. It's the best bank to own as the Fed aggressively hikes rates. They just reported a top and bottom line beat with a positive forecast. Net interest income is up 36% YTD, way outperforming expectations. The high yield curve lets WF to print money (and the other banks). They have the widest net interest margin among the big banks at 2.83% (JPM is 2.09% for example). This means huge money. WF is a turnaround story that's working. WF has cut back staff to lower costs while peers are hiring more. Also, WF has a lot less capital markets exposure, which is hurting its peers who have more. True, loan losses are rising, but still below the historic norm. They have room to buyback shares in 2023.
banks
BUY
Reported an amazing quarter today with a top and bottom line beat, underlined by cutting costs and driven by rapidly rising net interest margins. They raised their full-year net interest income forecast at 24% growth. Consumer banking was solid though their mortgage business has been awful. They have more interest rate exposure than their peers. Net interest income was up 36% YOY, more than enough to offset bad loans. Their story will get better as rates rise.
banks
BUY
US banks Net interest income from rising rates will be a boost. But mortgages and investment trading revenues will be horrible. The banks are trading at cheap valuations now, but when they report Friday they won't be clean quarters. Wells' mortgage business is significant, but WF has been shrinking it for the past 18 months and are the most sensitive to interest rates, so a rise will increase their margins.
Courtney GarciaOwned
banks
BUY
Owns Wells Fargo and JPM. Citi did very well with new branded card revenues up 18%, but WF's mortgage banking revenues down 80%. This means that small-ticket items are still intact, while big-ticket is faltering. Consumers are spending with their credit cards. JPM's capital market investment banking revenues were down 32%. The banks are all building big reserves against mortgage defaults. Wells remains a turnaround story, but it trades at less than 1x book, so its metrics are attractive. It's not a value trap; management is good.
BUY ON WEAKNESS
They report Friday. They sold off hard after their last quarter because of weak growth and higher expenses which infuriated him. WF says it is still working through regulatory issues. They're under pressure. He can't believes shares are so low. At this price, there's little to lose and a lot more to gain.
banks
TOP PICK
Thinks financial sector is well positioned with rising interest rates.
Current share price is presenting buying opportunity.
One of the largest banks in the USA.
100% of revenues are derived from USA
New leadership that is preforming well.
As economy recovers from Covid-19, business will increase.
Expects dividend yield to increase along with share buybacks.
Stan WongOwned
banks
WAIT
TOP PICK
Balance sheet most leveraged to higher interest rates. Credit quality rising. Reducing inefficiency and still investing in company. Still well priced and with 20% growth rate. Buy 20, Hold 8, Sell 0. (Analysts’ price target is $62.92)
Greg NewmanOwned
banks
PAST TOP PICK
(A Top Pick Jan 13/20, Up 68%) 1.3x price to book, discount to peer group. High growing dividend. Recovering economy around the world, lower credit loss provisions, higher interest rates will all help the banking sector. Yield is 1.4%.
Stan WongOwned
banks
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