Wells Fargo Is 'Fairly Valued,' Its Conservative Approach 'Feels Safer:' Analysts

Wells Fargo & Company (NYSE:WFC) reported a net income of $4.89 billion on Friday, up 6% year over year in the first quarter of 2025. The bank reported GAAP EPS of $1.39, beating the consensus of $1.34. 

Revenue fell 3% year over year to $20.15 billion. Analysts expected $20.75 billion.

For fiscal year 2025, Wells Fargo expects net interest income to be ~1 to 3% higher than 2024 net interest income of $47.7 billion, unchanged from prior guidance.

Also Read: Wells Fargo Braces For Economic Slowdown In 2025, CEO Expects ‘Volatility And Uncertainty'

Truist Securities maintains the Buy rating on Wells Fargo with a price forecast of $84.

Oppenheimer maintains a Perform rating for Wells Fargo.

Piper maintains the overweight rating with a price forecast cut from $77 to $75.

Truist Securities maintains the Buy rating with a price forecast of $84. Analyst John McDonald ...