Raymond James Financial Reiterates Market Perform Rating for Wells Fargo & Company (NYSE:WFC)

Posted by George Bondi on Jul 8th, 2026

Wells Fargo & Company (NYSE:WFC)‘s stock had its “market perform” rating reissued by research analysts at Raymond James Financial in a research note issued on Wednesday,Benzinga reports.

Other research analysts have also recently issued reports about the stock. Truist Financial boosted their target price on shares of Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price target (down from $100.00) on shares of Wells Fargo & Company in a report on Wednesday, April 15th. HSBC raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods cut their price objective on shares of Wells Fargo & Company from $101.00 to $98.00 and set a “market perform” rating on the stock in a report on Wednesday, April 15th. Finally, KGI Securities cut shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.34.

Read Our Latest Stock Analysis on WFC

Wells Fargo & Company Price Performance

WFC stock opened at $87.15 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The firm has a market cap of $266.69 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92. The stock has a 50-day simple moving average of $80.34 and a 200-day simple moving average of $84.10.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The firm had revenue of $11.62 billion for the quarter, compared to analyst estimates of $21.85 billion. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.Wells Fargo & Company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, equities analysts predict that Wells Fargo & Company will post 6.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WFC. Diversified Trust Co. lifted its holdings in Wells Fargo & Company by 59.7% in the fourth quarter. Diversified Trust Co. now owns 35,285 shares of the financial services provider’s stock worth $3,289,000 after acquiring an additional 13,196 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Wells Fargo & Company by 19.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 532,300 shares of the financial services provider’s stock valued at $49,610,000 after purchasing an additional 84,902 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in shares of Wells Fargo & Company by 4.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after purchasing an additional 14,168 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Wells Fargo & Company by 4.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock worth $38,446,000 after purchasing an additional 17,302 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Wells Fargo & Company by 12.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 283,582 shares of the financial services provider’s stock worth $23,770,000 after purchasing an additional 32,094 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

Key Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Bank of America raised its price target on Wells Fargo to $102 and reiterated a Buy rating, reinforcing a bullish outlook on the shares. Benzinga report on Wells Fargo price target raise
Positive Sentiment: UBS also kept a Buy rating and set a $104 target, suggesting further upside from current levels. The Fly report on UBS target update
Positive Sentiment: Wells Fargo Advisors recruited a $1.7 billion advisory team from RBC Capital Markets, a sign the wealth-management franchise is still attracting assets and talent. Yahoo Finance article on advisor team hire
Positive Sentiment: Analysts expect stronger second-quarter bank trading and fee income, and Wells Fargo’s upcoming July 14 earnings release is fueling expectations for solid results. Reuters article on bank earnings outlook
Neutral Sentiment: Wells Fargo has been active in the bond market, issuing several fixed-income offerings; this highlights funding activity but is not clearly a direct catalyst for the stock. Yahoo Finance article on bond issuance
Neutral Sentiment: The company formally announced it will report second-quarter 2026 earnings on July 14, keeping investors focused on the upcoming update rather than on a specific new operating development. Business Wire earnings date announcement
Negative Sentiment: Some commentary continues to frame Wells Fargo as still trading at a discount or only modestly undervalued, which may limit immediate upside despite improving fundamentals. Yahoo Finance valuation article

Wells Fargo & Company Company Profile

(Get Free Report)

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.