---
title: Wells Fargo (WFC) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/wfc
ticker: WFC
as_of: 2026-10-17
sector: Financial Services
industry: Banks - Diversified
---
# Wells Fargo (WFC)

Wells Fargo (WFC) closed at $83.87 on Oct 16, 2026, undervalued by 6% vs its model value of $88.94 (from the justified price to tangible book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $83.87 (Oct 16, 2026) |
| Model value (from the justified price to tangible book) | $88.94 |
| Price vs model | undervalued by 6% vs model |
| Range of that model | $77.82 – $103.76 |
| Market value | $253.6B |
| P/E (fiscal 2025) | 13.4 |
| Net margin (fiscal 2025) | 17.3% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 2.21% |
| Beta | 0.95 |
| Cost of capital (WACC) | 10.66% |
| Business classification | Dividend Payer (Revenue declining (~-2% recent), High profitability (23% net margin), Strong dividend yield, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #46 | $253.6B | https://sweetvaluelab.com/lists/largest-companies |
| Lowest P/E | #49 | 13.4× | https://sweetvaluelab.com/lists/lowest-pe |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.21% |
| Dividends per share, last 12 months | $1.85 |
| Dividends / earnings (fiscal 2025) | 25.5% |
| Raised | 5 years in a row |
| Growth over 5 years | 29.9% a year |
| Latest payment | $0.50, ex-date Aug 7, 2026, paid Sep 1, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 5, 2021 | $0.50 |
| To Aug 4, 2022 | $1.00 |
| To Aug 3, 2023 | $1.25 |
| To Aug 9, 2024 | $1.45 |
| To Aug 8, 2025 | $1.65 |
| Trailing twelve months (to Aug 7, 2026) | $1.85 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/TBV · justified | primary | $88.94 | $77.82 | $103.76 |
| P/E · peers | cross check | $90.64 | $82.82 | $104.72 |
| P/E · own history | cross check | $88.84 | $78.52 | $98.08 |
| PEG | sanity check | $105.55 | $105.55 | $105.55 |
| Dividend discount | cross check | $34.44 | $24.17 | $54.28 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | SARGENT RONALD | Director | Grant / award | 529.595 | $42,500 |
| Oct 1, 2026 | Hewett Wayne M. | Director | Grant / award | 451.713 | $36,250 |
| Oct 1, 2026 | BLACK STEVEN D | Director | Grant / award | 1,152.648 | $92,500 |
| Jul 15, 2026 | Flowers Derek A. | Sr. EVP and Chief Risk Officer | Bona fide gift | 67,966 | $0 |
| Jul 15, 2026 | Flowers Derek A. | Sr. EVP and Chief Risk Officer | Bona fide gift | 67,966 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 13, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72971/000007297126000318/wfc-20261013.htm |
| Sep 24, 2026 | 8-K | 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72971/000119312526401071/d136118d8k.htm |
| Sep 23, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/72971/000007297126000308/wfc-20260923.htm |
| Aug 19, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72971/000119312526356890/d144651d8k.htm |
| Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/72971/000007297126000302/wfc-20260630.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 31,328,076 | $2.6B |
| Bill Nygren | 2026-06-30 | 10,892,476 | $900.2M |
| Richard Pzena | 2026-06-30 | 8,827,468 | $729.5M |
| Christopher Davis | 2026-06-30 | 8,008,728 | $661.9M |

16 tracked managers in all.

## About

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The company’s financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lendin…

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Source: https://sweetvaluelab.com/stocks/wfc (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.