Wells Fargo (WFC)
Market Price (10/17/2025): $84.0 | Market Cap: $271.5 BilSector: Financials | Industry: Diversified Banks
Wells Fargo (WFC)
Market Price (10/17/2025): $84.0Market Cap: $271.5 BilSector: FinancialsIndustry: Diversified Banks
Investment Highlights
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0% | Trading close to highsDist 52W High is -2.8%, Dist 3Y High is -2.8% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -0.6% |
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11% | |
Low stock price volatilityVol 12M is 32% |
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0% |
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62% |
Low stock price volatilityVol 12M is 32% |
Trading close to highsDist 52W High is -2.8%, Dist 3Y High is -2.8% |
Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -0.6% |
Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11% |
Market Valuation & Key Metrics
WFC Stock
Return vs. Risk
Price Returns Compared
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
WFC Return | -42% | 61% | -12% | 23% | 46% | 22% | 68% |
Peers Return | -3% | 30% | -18% | 15% | 35% | 22% | 96% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 103% |
Monthly Win Rates [3] | |||||||
WFC Win Rate | 25% | 67% | 50% | 67% | 58% | 67% | |
Peers Win Rate | 55% | 62% | 42% | 50% | 62% | 62% | |
S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
WFC Max Drawdown | -59% | -2% | -21% | -12% | -6% | -13% | |
Peers Max Drawdown | -49% | -4% | -30% | -18% | -6% | -18% | |
S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, MS, C, USB. See WFC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/16/2025 (YTD)
Downturns Compared
Event | WFC | S&P 500 |
---|---|---|
2022 Inflation Shock | ||
% Loss | -38.7% | -25.4% |
% Gain to Breakeven | 63.0% | 34.1% |
Time to Breakeven | 392 days | 464 days |
2020 Covid Pandemic | ||
% Loss | -60.7% | -33.9% |
% Gain to Breakeven | 154.5% | 51.3% |
Time to Breakeven | 435 days | 148 days |
2018 Correction | ||
% Loss | -33.9% | -19.8% |
% Gain to Breakeven | 51.2% | 24.7% |
Time to Breakeven | 2144 days | 120 days |
2008 Global Financial Crisis | ||
% Loss | -79.6% | -56.8% |
% Gain to Breakeven | 390.1% | 131.3% |
Time to Breakeven | 1534 days | 1480 days |
How Low Can It Go?
Wells Fargo's stock fell -38.7% during the 2022 Inflation Shock from a high on 2/9/2022. A -38.7% loss requires a 63.0% gain to breakeven.
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Asset Allocation
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Latest Trefis Analyses
Trade Ideas
Select past ideas related to WFC. For more, see Trefis Trade Ideas.
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | HLNE | Hamilton Lane | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -12.7% | -12.7% | -12.7% |
09302025 | CNS | Cohen & Steers | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.3% | 0.3% | -1.6% |
09262025 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.4% | 2.4% | -2.1% |
09192025 | FDS | FactSet Research Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.9% | -3.9% | -4.9% |
09052025 | IBKR | Interactive Brokers | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 13.9% | 13.9% | 0.0% |
Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
---|---|---|---|---|---|---|---|
09302025 | HLNE | Hamilton Lane | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -12.7% | -12.7% | -12.7% |
09302025 | CNS | Cohen & Steers | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.3% | 0.3% | -1.6% |
09262025 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.4% | 2.4% | -2.1% |
09192025 | FDS | FactSet Research Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.9% | -3.9% | -4.9% |
09052025 | IBKR | Interactive Brokers | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 13.9% | 13.9% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Wells Fargo
Financials
Median | |
---|---|
Name | |
Mkt Price | 90.13 |
Mkt Cap | 261.9 |
Rev LTM | 82,288 |
Op Inc LTM | - |
FCF LTM | -15,042 |
FCF 3Y Avg | -7,331 |
CFO LTM | -13,406 |
CFO 3Y Avg | -5,669 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 5.8% |
Rev Chg 3Y Avg | 5.0% |
Rev Chg Q | 6.3% |
QoQ Delta Rev Chg LTM | 1.6% |
Op Mgn LTM | - |
Op Mgn 3Y Avg | - |
QoQ Delta Op Mgn LTM | - |
CFO/Rev LTM | -20.0% |
CFO/Rev 3Y Avg | -8.0% |
FCF/Rev LTM | -22.6% |
FCF/Rev 3Y Avg | -8.0% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 261.9 |
P/S | 3.5 |
P/EBIT | - |
P/E | 13.5 |
P/CFO | -3.8 |
Total Yield | 7.6% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 0.3% |
D/E | 1.0 |
Net D/E | -0.7 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -1.7% |
3M Rtn | 5.0% |
6M Rtn | 33.8% |
12M Rtn | 35.4% |
3Y Rtn | 118.7% |
1M Excs Rtn | -3.3% |
3M Excs Rtn | -1.0% |
6M Excs Rtn | 9.1% |
12M Excs Rtn | 24.8% |
3Y Excs Rtn | 43.7% |
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Consumer Banking and Lending | 37,919 | 35,810 | 34,877 | 34,016 | 37,891 |
Corporate and Investment Banking | 19,191 | 15,242 | 13,839 | 13,928 | 14,228 |
Wealth and Investment Management | 14,691 | 14,822 | 14,346 | 13,213 | 15,732 |
Commercial Banking | 13,449 | 10,920 | 8,549 | 9,175 | 12,338 |
Corporate | -457 | -415 | 9,169 | 5,357 | 7,809 |
Reconciling Items | -2,196 | -2,011 | -1,614 | -1,425 | -2,935 |
Total | 82,597 | 74,368 | 79,166 | 74,264 | 85,063 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Consumer Banking and Lending | 7,939 | 5,441 | 8,555 | 1,076 | 5,895 |
Corporate and Investment Banking | 6,426 | 5,878 | 6,062 | 950 | 4,966 |
Commercial Banking | 5,104 | 4,018 | 3,134 | -689 | 3,808 |
Wealth and Investment Management | 1,964 | 2,422 | 2,027 | 1,538 | 1,768 |
Reconciling Items | 0 | 0 | 0 | ||
Corporate | -2,291 | -4,082 | 2,331 | 502 | 3,112 |
Total | 19,142 | 13,677 | 22,109 | 3,377 | 19,549 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Corporate | 674,075 | 728,667 | 608,712 | ||
Corporate and Investment Banking | 547,203 | 508,518 | 538,383 | ||
Consumer Banking and Lending | 375,484 | 420,995 | 448,971 | ||
Commercial Banking | 245,568 | 206,953 | 244,984 | ||
Wealth and Investment Management | 90,138 | 87,778 | 86,505 | ||
Reconciling Items | 0 | ||||
Total | 1,932,468 | 1,952,911 | 1,927,555 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
10/14/2025 | 7.1% | ||
7/15/2025 | -5.5% | -3.8% | -4.2% |
4/11/2025 | -1.0% | 2.5% | 19.3% |
1/15/2025 | 6.7% | 8.9% | 11.3% |
10/11/2024 | 5.6% | 11.5% | 22.0% |
7/12/2024 | -6.0% | -1.5% | -11.6% |
4/12/2024 | -0.4% | 3.6% | 9.8% |
1/12/2024 | -3.3% | -1.9% | 0.5% |
... | |||
SUMMARY STATS | |||
# Positive | 10 | 13 | 16 |
# Negative | 14 | 11 | 8 |
Median Positive | 4.8% | 5.1% | 10.8% |
Median Negative | -4.2% | -4.0% | -7.3% |
Max Positive | 7.1% | 11.7% | 22.0% |
Max Negative | -7.8% | -11.9% | -22.0% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 8052025 | 10-Q 6/30/2025 |
3312025 | 4292025 | 10-Q 3/31/2025 |
12312024 | 2252025 | 10-K 12/31/2024 |
9302024 | 10312024 | 10-Q 9/30/2024 |
6302024 | 8012024 | 10-Q 6/30/2024 |
3312024 | 5022024 | 10-Q 3/31/2024 |
12312023 | 2202024 | 10-K 12/31/2023 |
9302023 | 10312023 | 10-Q 9/30/2023 |
6302023 | 8012023 | 10-Q 6/30/2023 |
3312023 | 5022023 | 10-Q 3/31/2023 |
12312022 | 2212023 | 10-K 12/31/2022 |
9302022 | 10312022 | 10-Q 9/30/2022 |
6302022 | 8012022 | 10-Q 6/30/2022 |
3312022 | 5032022 | 10-Q 3/31/2022 |
12312021 | 2222022 | 10-K 12/31/2021 |
9302021 | 11012021 | 10-Q 9/30/2021 |
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