Tearsheet

Wells Fargo (WFC)


Market Price (10/17/2025): $84.0 | Market Cap: $271.5 Bil
Sector: Financials | Industry: Diversified Banks

Wells Fargo (WFC)


Market Price (10/17/2025): $84.0
Market Cap: $271.5 Bil
Sector: Financials
Industry: Diversified Banks

Investment Highlights


0 Attractive yield
Total 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 highs
Dist 52W High is -2.8%, Dist 3Y High is -2.8%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -0.6%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62%
  Not cash flow generative
CFO/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%
2 Low stock price volatility
Vol 12M is 32%
  
0 Attractive yield
Total 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%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -62%
2 Low stock price volatility
Vol 12M is 32%
3 Trading close to highs
Dist 52W High is -2.8%, Dist 3Y High is -2.8%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -0.6%
5 Not cash flow generative
CFO/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

 202020212022202320242025Total [1]
Returns
WFC Return-42%61%-12%23%46%22%68%
Peers Return-3%30%-18%15%35%22%96%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
WFC Win Rate25%67%50%67%58%67% 
Peers Win Rate55%62%42%50%62%62% 
S&P 500 Win Rate58%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

Unique KeyEventWFCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-38.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven63.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven392 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-60.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven154.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven435 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-33.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven51.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven2144 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven390.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1534 days1480 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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Wells Fargo (WFC)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to WFC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-12.7%-12.7%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.3%0.3%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.4%2.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-3.9%-3.9%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
13.9%13.9%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-12.7%-12.7%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.3%0.3%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.4%2.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-3.9%-3.9%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
13.9%13.9%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Wells Fargo

Financials

WFCJPMBACMSCUSBMedian
NameWells Fa.JPMorgan.Bank of .Morgan S.CitigroupU.S. Ban. 
Mkt Price84.00298.5450.44160.0296.2645.6590.13
Mkt Cap271.5832.5387.3252.4178.671.2261.9
Rev LTM81,462175,656103,43561,50383,11327,71582,288
Op Inc LTM-------
FCF LTM-9,143-148,6154,550-20,941-93,6867,484-15,042
FCF 3Y Avg13,467-56,10424,365-25,282-65,69010,620-7,331
CFO LTM-9,143-148,6154,550-17,670-87,1657,484-13,406
CFO 3Y Avg13,467-56,10424,365-21,957-59,18210,620-5,669

Growth & Margins

WFCJPMBACMSCUSBMedian
NameWells Fa.JPMorgan.Bank of .Morgan S.CitigroupU.S. Ban. 
Rev Chg LTM-1.7%8.2%5.4%16.7%6.3%1.7%5.8%
Rev Chg 3Y Avg2.8%13.5%5.0%5.0%4.3%6.5%5.0%
Rev Chg Q-0.6%6.7%6.0%11.3%8.1%2.0%6.3%
QoQ Delta Rev Chg LTM-0.1%1.6%1.5%2.6%2.0%0.5%1.6%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-11.2%-84.6%4.4%-28.7%-104.9%27.0%-20.0%
CFO/Rev 3Y Avg16.4%-32.5%24.8%-41.3%-74.6%39.0%-8.0%
FCF/Rev LTM-11.2%-84.6%4.4%-34.0%-112.7%27.0%-22.6%
FCF/Rev 3Y Avg16.4%-32.5%24.8%-47.4%-82.8%39.0%-8.0%

Valuation

WFCJPMBACMSCUSBMedian
NameWells Fa.JPMorgan.Bank of .Morgan S.CitigroupU.S. Ban. 
Mkt Cap271.5832.5387.3252.4178.671.2261.9
P/S3.34.73.74.12.12.63.5
P/EBIT-------
P/E13.214.713.917.112.610.313.5
P/CFO-29.7-5.685.1-14.3-2.09.5-3.8
Total Yield9.5%6.8%7.2%5.8%7.9%14.1%7.6%
Dividend Yield1.9%0.0%0.0%0.0%0.0%4.4%0.0%
FCF Yield 3Y Avg8.1%-7.4%8.7%-16.0%-56.0%18.4%0.3%
D/E0.80.60.91.42.11.11.0
Net D/E-0.6-0.5-0.81.0-1.1-1.0-0.7

Returns

WFCJPMBACMSCUSBMedian
NameWells Fa.JPMorgan.Bank of .Morgan S.CitigroupU.S. Ban. 
1M Rtn3.2%-3.0%-0.4%2.7%-4.4%-4.7%-1.7%
3M Rtn6.0%3.5%7.9%14.4%4.1%2.1%5.0%
6M Rtn31.3%30.0%36.4%48.8%54.4%22.1%33.8%
12M Rtn34.4%36.3%20.6%37.9%54.4%-3.1%35.4%
3Y Rtn106.9%177.4%62.4%130.4%147.7%23.7%118.7%
1M Excs Rtn1.4%-4.2%-2.3%1.2%-5.8%-7.4%-3.3%
3M Excs Rtn-0.5%-2.3%1.9%9.1%-1.6%-4.3%-1.0%
6M Excs Rtn7.1%5.6%11.0%24.9%31.6%-2.3%9.1%
12M Excs Rtn25.0%24.5%10.1%33.6%37.2%-11.9%24.8%
3Y Excs Rtn41.4%130.6%-1.3%46.1%82.2%-48.8%43.7%

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Consumer Banking and Lending37,91935,81034,87734,01637,891
Corporate and Investment Banking19,19115,24213,83913,92814,228
Wealth and Investment Management14,69114,82214,34613,21315,732
Commercial Banking13,44910,9208,5499,17512,338
Corporate-457-4159,1695,3577,809
Reconciling Items-2,196-2,011-1,614-1,425-2,935
Total82,59774,36879,16674,26485,063


Net Income by Segment
$ Mil20242023202220212020
Consumer Banking and Lending7,9395,4418,5551,0765,895
Corporate and Investment Banking6,4265,8786,0629504,966
Commercial Banking5,1044,0183,134-6893,808
Wealth and Investment Management1,9642,4222,0271,5381,768
Reconciling Items000  
Corporate-2,291-4,0822,3315023,112
Total19,14213,67722,1093,37719,549


Assets by Segment
$ Mil20242023202220212020
Corporate674,075  728,667608,712
Corporate and Investment Banking547,203  508,518538,383
Consumer Banking and Lending375,484  420,995448,971
Commercial Banking245,568  206,953244,984
Wealth and Investment Management90,138  87,77886,505
Reconciling Items0    
Total1,932,468  1,952,9111,927,555


Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity34,569,708
Short Interest: % Change Since 9152025-21.4%
Average Daily Volume13,825,345
Days-to-Cover Short Interest2.50
Basic Shares Quantity3,232,700,000
Short % of Basic Shares1.1%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/14/20257.1%  
7/15/2025-5.5%-3.8%-4.2%
4/11/2025-1.0%2.5%19.3%
1/15/20256.7%8.9%11.3%
10/11/20245.6%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   
# Positive101316
# Negative14118
Median Positive4.8%5.1%10.8%
Median Negative-4.2%-4.0%-7.3%
Max Positive7.1%11.7%22.0%
Max Negative-7.8%-11.9%-22.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025805202510-Q 6/30/2025
3312025429202510-Q 3/31/2025
12312024225202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023220202410-K 12/31/2023
93020231031202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221031202210-Q 9/30/2022
6302022801202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021222202210-K 12/31/2021
93020211101202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Williams Ather IIISr. Executive Vice President10162024Sell63.7060,0003,822,00010,421,946Form
1Van Beurden SaulSr. Executive Vice President10152024Sell61.9935,0002,169,6507,853,340Form