Wells Fargo & Company (WFC) is among the 7 Best Fortune 500 Dividend Stocks to Invest in Now. Truist raised Wells Fargo’s price target to $100 from $90 with a ‘Buy’ rating, citing management updates. CEO Scharf anticipates AI reshaping operations and potentially reducing headcount. Wells Fargo plans gradual AI tool adoption for long-term efficiency gains.

While Wells Fargo presents investment potential, other AI stocks may offer greater upside with less risk. The bank’s shift towards AI tools aims for efficiency gains and may lead to some workforce reductions. For more insights on undervalued AI stocks and market trends, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Wells Fargo (WFC) Price Target Raise to $100, Buy Rating Maintained