Wells Fargo & Company (NYSE:WFC) is considered one of the most profitable US stocks to buy. BofA Securities raised its price target on WFC to $107 from $100 with an unchanged ‘Buy’ rating, citing a discounted valuation compared to peers and an attractive risk/reward profile.
BofA Securities believes that Wells Fargo (WFC) could see its valuation gap narrow with superior revenue growth and profitability. The bank’s scale advantage and “best-in-class execution” under CEO Charlie Scharf could lead to investors paying a premium for the stock over other regional banks.
Despite its solid business model, Baird downgraded Wells Fargo (WFC) to Underperform and set a price target of $90, citing overly optimistic market sentiment. The stock is currently trading at nearly 13.5 times projected EPS for 2026, according to the firm.
Wells Fargo & Company (NYSE:WFC) is a financial services company based in San Francisco, established in 1852. The company focuses on satisfying clients’ financial needs through its four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
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Read more at Yahoo Finance: Wells Fargo & Company (WFC)’s Risk/Reward Looks Compelling, Says BofA
