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Wells Fargo & Company (WFC), headquartered in San Francisco, California, is a financial services company that provides diversified banking, investment, mortgage, and consumer and commercial finance products and services. With a market cap of $260.9 billion, the company serves physical stores, internet, and other distribution channels worldwide.
Shares of this leading financial services company have outperformed the broader market considerably over the past year. WFC has gained 54% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 23.3%. In 2025, WFC stock is up 12.2%, surpassing the SPX’s 3.2% rise on a YTD basis.
Zooming in further, WFC’s outperformance looks less pronounced compared to the SPDR S&P Bank ETF (KBE). The exchange-traded fund has gained about 26.4% over the past year. Moreover, WFC’s gains on a YTD basis outshine the ETF’s 6.6% returns over the same time frame.
WFC's strong performance can be attributed to higher non-interest income, reduced expenses, and the Federal Reserve's interest rate cuts. The company is focusing on improving its credit card platform, strengthening its corporate investment bank, and expanding its commercial banking business. WFC is also investing in branch upgrades and digital enhancements to provide a better customer experience. With a growing mobile user base and continued focus on customer service, WFC is positioned for future success.
On Jan. 15, WFC shares closed up more than 6% after reporting its Q4 results. Its EPS of $1.43 beat Wall Street expectations of $1.34. The company’s revenue was $20.4 billion, missing Wall Street forecasts of $20.6 billion.
For fiscal 2025, ending in December, analysts expect WFC’s EPS to grow 5.8% to $5.84 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.
Among the 25 analysts covering WFC stock, the consensus is a “Moderate Buy.” That’s based on 15 “Strong Buy” ratings, one “Moderate Buy,” and nine “Holds.”
This configuration is more bullish than a month ago, with 14 analysts suggesting a “Strong Buy.”
On Jan. 20, Phillip Securities analyst Glenn Thum maintained a “Buy” rating on WFC with a price target of $85, implying a potential upside of 7.8% from current levels.
The mean price target of $82.17 represents a premium of 4.3% to WFC’s current price levels. The Street-high price target of $92 suggests an upside potential of 16.7%.
