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Investing.com - BofA Securities has raised its price target on Wells Fargo (NYSE:WFC) to $100 from $92 while maintaining a Buy rating on the stock. The banking giant, currently trading at $84.56 and near its 52-week high of $86.66, has shown impressive momentum with a 32.51% return over the past six months.
The firm cited Wells Fargo’s "idiosyncratic drivers of improved profitability and superior EPS growth" as key factors behind the decision, noting the bank offers "among the best risk/rewards across the large-cap banks." With a market capitalization of $266.27 billion and a track record of maintaining dividend payments for 55 consecutive years, Wells Fargo stands as a prominent player in the banking sector.
BofA Securities forecasts Wells Fargo’s return on tangible common equity (ROTCE) will rise to 17% by 2028, representing nearly a 250 basis point increase compared to fiscal year 2025, with 16% average annual EPS growth from fiscal years 2026 through 2028.
The firm adjusted its earnings estimates upward, projecting EPS of $1.74 for Q4 2025, $7.18 for FY2026, and $8.25 for FY2027, which represents an average increase of 7.8% from previous forecasts.
BofA Securities also highlighted Wells Fargo’s attractive valuation compared to its closest competitor JPMorgan, noting Wells Fargo trades at 11.8x/10.3x P/E for FY2026/2027 estimates versus JPMorgan’s 14.2x/12.7x P/E multiples.
In other recent news, Wells Fargo & Company reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.66, outperforming the projected $1.55. Additionally, Wells Fargo’s revenue reached $21.43 billion, exceeding the anticipated $21.14 billion. These results highlight the company’s robust financial performance during the quarter. In related developments, analysts continue to monitor Wells Fargo’s financial trajectory closely. The earnings beat and revenue growth are significant indicators for investors assessing the company’s current standing. Wells Fargo’s recent financial results have drawn attention from various analyst firms. These developments are part of ongoing evaluations by market observers.
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