NYSE · Financial Services

Wells Fargo & Company

WFC · Banks - Diversified

$82.20

▼ -1.61 (-1.92%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 24.5%

Fin. Health

F⤢

Years to Pay Off Debt 41.2 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.54x

Cash Flow

A⤢

Free Cash Flow $9.1B

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Wells Fargo & Company

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The company's financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. In addition, it offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Market Data

Market Cap $251.5B

Enterprise Value $285.6B

P/E (TTM) 12.70

Dividend Yield 2.09%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 24.5%

Company Info

Sector Financial Services

Industry Banks - Diversified

Employees 200999

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Wells Fargo & Company at $82.20.

The business passes only 3 of 6 of Graham's defensive criteria — well below his required standard.

At $82.20, the stock trades at a 88% premium to its Graham Number of $43.80. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	24.5%▼	25.2%•	N/A
Diluted EPS	1.60▼	1.62•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$2,205.8B	$2,148.6B	N/A
Total Debt	$216.2B▲	$193.0B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	41.16	36.01	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$9.1B▲	$4.1B•	N/A
Owner Earnings	N/A	N/A	N/A
CapEx % of Net Income	N/A	N/A	N/A

Income Statement

	2026	2025	2024
Tax Effect Of Unusual Items	0	0
Tax Rate For Calcs	0	0
Total Unusual Items
Total Unusual Items Excluding Goodwill
Net Income From Continuing Operation Net Minority Interest	5,253,000	5,361,000
Reconciled Depreciation	1,836,000	2,123,000
Net Interest Income	12,096,000	12,331,000
Interest Expense	10,349,000	10,271,000
Interest Income	22,445,000	22,602,000
Normalized Income	5,253,000	5,361,000
Net Income From Continuing And Discontinued Operation	5,253,000	5,361,000
Rent Expense Supplemental		151,000	158,000
Diluted Average Shares	3,117,700	3,159,000
Basic Average Shares	3,080,000	3,113,800
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	5,000,000	5,114,000
Net Income Common Stockholders	5,000,000	5,114,000
Preferred Stock Dividends	253,000	247,000
Net Income	5,253,000	5,361,000
Minority Interests	-37,000	-62,000
Net Income Including Noncontrolling Interests	5,290,000	5,423,000
Net Income Continuous Operations	5,290,000	5,423,000
Tax Provision	691,000	1,103,000
Pretax Income	5,981,000	6,526,000
Special Income Charges
Restructuring And Mergern Acquisition
Gain On Sale Of Security	0	322,000
Selling General And Administration	9,962,000	9,580,000
Selling And Marketing Expense	369,000	352,000
General And Administrative Expense	9,593,000	9,228,000
Rent And Landing Fees		151,000	158,000
Salaries And Wages	9,593,000	9,077,000
Total Revenue	21,446,000	21,292,000
Operating Revenue	21,446,000	21,292,000
Occupancy And Equipment	2,175,000	2,214,000
Professional Expense And Contract Services Expense	1,066,000	1,236,000
Other Non Interest Expense	1,127,000	696,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	2,417,471	2,389,193
Preferred Shares Number	250,964	250,964
Ordinary Shares Number	3,064,340	3,092,619
Share Issued	5,481,811	5,481,811
Net Debt	41,439,000	18,825,000
Total Debt	216,223,000	193,035,000
Tangible Book Value	131,865,000	133,215,000
Invested Capital	379,271,000	357,544,000
Net Tangible Assets	147,213,000	149,823,000
Capital Lease Obligations			16,000
Common Stock Equity	163,048,000	164,509,000
Preferred Stock Equity	15,348,000	16,608,000
Total Capitalization	342,780,000	355,829,000
Total Equity Gross Minority Interest	180,313,000	183,038,000
Minority Interest	1,917,000	1,921,000
Stockholders Equity	178,396,000	181,117,000
Gains Losses Not Affecting Retained Earnings	-7,922,000	-6,673,000
Other Equity Adjustments	-7,922,000	-6,673,000
Treasury Stock	131,477,000	128,115,000
Retained Earnings	232,459,000	228,873,000
Additional Paid In Capital	60,852,000	61,288,000
Capital Stock	24,484,000	25,744,000
Common Stock	9,136,000	9,136,000
Preferred Stock	15,348,000	16,608,000
Total Liabilities Net Minority Interest	2,025,439,000	1,965,593,000
Derivative Product Liabilities			16,335,000
Long Term Debt And Capital Lease Obligation	164,384,000	174,712,000
Long Term Capital Lease Obligation			16,000
Long Term Debt	164,384,000	174,712,000
Current Debt And Capital Lease Obligation	51,839,000	18,323,000
Current Debt	51,839,000	18,323,000
Other Current Borrowings	32,328,000	18,323,000
Current Notes Payable	19,511,000
Total Assets	2,205,752,000	2,148,631,000
Investments And Advances	535,040,000	539,840,000
Held To Maturity Securities	203,983,000	207,896,000
Available For Sale Securities	241,143,000	21,395,000
Trading Securities	73,681,000	84,206,000
Long Term Equity Investment	13,304,000	13,206,000	12,607,000
Goodwill And Other Intangible Assets	31,183,000	31,294,000
Other Intangible Assets	6,218,000	6,327,000
Goodwill	24,965,000	24,967,000
Net PPE	15,840,000	20,035,000
Gross PPE	15,840,000	20,035,000
Other Properties	15,840,000	20,035,000
Receivables	48,674,000	42,056,000
Other Receivables	18,925,000	19,075,000
Accounts Receivable	29,749,000	22,981,000
Other Short Term Investments	2,929,000	213,137,000
Cash And Cash Equivalents	174,784,000	174,210,000
Cash Financial	33,543,000	39,182,000
Cash Cash Equivalents And Federal Funds Sold	390,678,000	368,357,000

Cash Flow

	2026	2025	2024
Free Cash Flow	9,143,000	4,121,000
Repurchase Of Capital Stock	-7,510,000	-5,000,000
Repayment Of Debt	-1,326,000	-3,184,000
Issuance Of Debt	11,653,000	1,229,000
Issuance Of Capital Stock	2,246,000	0	0
Interest Paid Supplemental Data	9,730,000	10,111,000
Income Tax Paid Supplemental Data		576,000	1,558,000
End Cash Position	173,273,000	172,593,000
Beginning Cash Position	172,593,000	172,516,000
Changes In Cash	680,000	77,000
Financing Cash Flow	47,104,000	81,526,000
Cash Flow From Continuing Financing Activities	47,104,000	81,526,000
Net Other Financing Charges	-704,000	-51,000
Cash Dividends Paid	-1,635,000	-1,646,000
Preferred Stock Dividend Paid	-248,000	-248,000
Common Stock Dividend Paid	-1,387,000	-1,398,000
Net Preferred Stock Issuance	-1,264,000	0
Preferred Stock Payments	-3,510,000	0
Preferred Stock Issuance	2,246,000	0	0
Net Common Stock Issuance	-4,000,000	-5,000,000
Common Stock Payments	-4,000,000	-5,000,000
Net Issuance Payments Of Debt	24,286,000	-108,179,000
Net Short Term Debt Issuance	13,959,000	-106,224,000
Net Long Term Debt Issuance	10,327,000	-1,955,000
Long Term Debt Payments	-1,326,000	-3,184,000
Long Term Debt Issuance	11,653,000	1,229,000
Investing Cash Flow	-55,567,000	-85,570,000
Cash Flow From Continuing Investing Activities	-55,567,000	-85,570,000
Net Other Investing Changes	5,404,000	791,000
Net Investment Purchase And Sale	-7,515,000	-2,329,000
Sale Of Investment	20,987,000	15,350,000
Purchase Of Investment	-28,502,000	-17,679,000
Operating Cash Flow	9,143,000	4,121,000
Cash Flow From Continuing Operating Activities	9,143,000	4,121,000
Change In Working Capital	3,222,000	-6,807,000
Change In Other Working Capital	14,397,000	-3,165,000
Change In Other Current Assets	-9,004,000	3,394,000
Change In Payables And Accrued Expense	-2,171,000	-7,036,000
Change In Accrued Expense	-2,171,000	-7,036,000
Other Non Cash Items	-1,656,000	2,538,000
Asset Impairment Charge	159,000	37,000
Deferred Tax	-843,000	-233,000
Deferred Income Tax	-843,000	-233,000
Depreciation Amortization Depletion	1,836,000	2,123,000
Depreciation And Amortization	1,836,000	2,123,000
Depreciation
Net Income From Continuing Operations	5,290,000	5,423,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $20.1B ▲ $21.4B +6.4%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 24.3% ▲ 24.5% +0.2pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$21.4B/qtr (≈$85.8B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$9.1B

vs Positive

Operating Cash Flow

$9.1B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.4x

Net Assets: $180.3B

Peers & Industry

No auto-detected peers for Banks - Diversified. You can manually compare WFC against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.09%

Low — management has little skin in the game

Return on Equity (ROE)

3.2%

Weak — poor returns on equity

Return on Assets (ROA)

0.2%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$19.5B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+12.0% YoY

Debt is growing — management is leveraging up

Leadership Team

Charles Scharf

CEO & Chairman

Age 60

Pay: $12,595,544

0.240% of net income

Michael Santomassimo

Senior EVP & CFO

Age 50

Pay: $6,646,000

0.127% of net income

Fernando Rivas

Senior EVP & CEO of Corporate & Investment Banking

Age 50

Pay: $7,996,000

0.152% of net income

Kleber Santos

Senior EVP, Co-CEO of Consumer Banking & Lending

Age 51

Pay: $8,271,000

0.157% of net income

Scott Powell

Senior EVP & COO

Age 63

Pay: $4,616,050

0.088% of net income

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	8.52%	260,798,584
Vanguard Capital Management LLC	6.56%	200,762,402
FMR, LLC	5.28%	161,693,928
State Street Corporation	4.43%	135,493,574
JPMORGAN CHASE & CO	4.22%	129,208,607
Geode Capital Management, LLC	2.41%	73,848,013
Capital Research Global Investors	2.38%	72,893,582
Wellington Management Group, LLP	2.15%	65,846,073

Risk Analysis

Beta (Market Risk)

0.93

Low volatility — more stable than the market

Short Interest

0.0% of float

Low short interest — market is not heavily bearish

52-Week Price Range

Low: $72.78 Current: $82.20 High: $97.76

Currently at 38% of 52-week range