Wells Fargo is a premier, North American-focused banking titan that commands a $2.2 trillion balance sheet and the third-highest deposit market share in the United States.
It is a $253B financial services company. Revenue grew 6.2% over the last year, and it keeps 26¢ of every dollar of sales as profit. It trades at 10.7× earnings — around the middle of its own history.
- Website
- wellsfargo.com
- Location
- San Francisco, CA
- Employees
- 197 466
- Sector
- Financial Services
- Next earnings
- Oct 13, 2026 · tomorrow
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Growth, Quality and Moat lag behind.
Valuation60
- P/E vs own history61th pct · 5/25
- FCF yield7.6% · 20/25
- P/S1.9x · 25/25
- EV/EBITDAn/a · 10/25
Growth18
- Revenue CAGR1.6% · 6/25
- Net income CAGR-0.2% · 0/25
- EPS CAGR ~5Y8.3% · 12/25
- Fwd implied growth-4.6% · 0/25
Profitability87
- ROIC237.8% · 25/25
- ROE12.6% · 12/25
- Net margin26.0% · 25/25
- Operating margin25.3% · 25/25
Health53
- Altman Z0.16 · 3/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality42
- Piotroski F4/9 · 10/25
- Beneish M-2.26 · 20/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 9.9% · 12/25
Moat25
- ROIC >12% years2/9 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst 17.9% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Sep 23, 2024AcquisitionWells Fargo launched a $1.6 billion delayed-draw term loan to support Tempur Sealy…
- 2023MilestoneWells Fargo became the first major U.S. bank with a unionized branch
- FY2021FinancialBecame debt-freecash now exceeds total debt
- FY2018FinancialRevenue crossed $100B$101B for the year
- FY2018FinancialBest year on record$22.4B net income
- 2018MilestoneWells Fargo account fraud scandal erupted when the Federal Reserve barred the bank from growing…
- 2017MilestoneThe city councils of Seattle, Washington and Davis, California voted to move $3 billion of…
- FY2016FinancialProfitable every year on record9 consecutive profitable years in our data
- FY2016FinancialRevenue already above $50B$94.2B in first reported year
- 2015AcquisitionWells Fargo Rail acquired GE Capital Rail Services and merged in with First Union Rail
- 2008AcquisitionWells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia
- 2007AcquisitionWells Fargo acquired Greater Bay Bancorp, which had $7.4 billion in assets, in a $1.5 billion transaction
- 2000AcquisitionIt then began on another set of acquisitions, starting in 2000
- 1996AcquisitionWells Fargo acquired First Interstate Bancorp for $11.6 billion
- 1995MilestoneWells Fargo became the first major US financial services firm to offer internet banking, in May 1995
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 26.0% net margin
- Strong cash conversion — FCF is 22.1% of revenue
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 237.8%)
Watch-outs
- Altman Z-Score 0.16 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.2% YoY
- Profitable — makes more than it spends$22.6B TTM
- Profit growing — earnings are higher than last year+22.7% YoY
- Generates cash — cash left after running and investing$19.2B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$253B market cap
- Not printing shares — share count not ballooning — you keep your slice-26.7% shares over ~5y
- Proven track record — years of profitability behind it9/9 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.2 — distress
- Pays a dividend — returns cash to shareholdersyield 2.73%
- Valuation not extreme — price not wildly above earningsP/E 10.7
Peer comparisonWells Fargo & Co. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| WFC this company | $253.4B | 10.7 | +6.2% | 26.0% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: WFC vs BRK.A · WFC vs BRK.B · WFC vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/WFC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of WFC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $83.81 · market cap $253B.