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Should You Buy #1 (Strong Buy)-Ranked Wells Fargo (WFC) for Your Portfolio?

Wells Fargo was upgraded to the Zacks Rank #1 list on January 17, 2025. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

San Francisco-based Wells Fargo & Company is one of the largest financial services companies in the United States, with $1.92 trillion in assets as of Dec. 31, 2024. The company provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage services and consumer and commercial finance through 4,177 retail bank branches, broad automated telling machines (ATMs) network, the Internet and other distribution channels across North America and globally.

Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.39 to $5.84 per share. WFC also boasts an average earnings surprise of 11.2%.

Earnings are expected to grow 8.8% for the current fiscal year, while revenue is projected to increase 3.1%.

Additionally, WFC has climbed higher over the past four weeks, gaining 11.6%. The S&P 500 is up 1.2% in comparison.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Wells Fargo could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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Wells Fargo & Company (WFC) : Free Stock Analysis Report

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