Bank of America vs Wells Fargo BAC vs WFC
Bank of America and Wells Fargo on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Market value: Bank of America $349.73B, Wells Fargo $248.09B.
- Consensus revenue growth for next year: Wells Fargo −28.5%, Bank of America −35.9%.
- Return on equity: Wells Fargo 13.1%, Bank of America 10.8%.
- EV / EBITDA: Bank of America 15.5×, Wells Fargo 12.8×.
Price return
2025-10-26 → 2026-10-26
BAC−3.9%
WFC−4.4%
Profile
latestSector
Financial Services
Financial Services
Industry
Banks - Diversified
Banks - Diversified
Market value
$349.73B
$248.09B
Enterprise value
$703.74B
$428.57B
Employees
209,911
194,369
Revenue per employee (TTM)
$928K
$671K
Our models
nightlythe valuation on each stock's pagePrice vs model
1% undervalued vs model
7% undervalued vs model
Model range
$44.51–59.34
$77.82–104
Models in the headline
1
1
FCF growth priced in, at a 10% return
—
—
Every model, its assumptions and its range: BAC valuation · WFC valuation. The growth priced in, at any return: BAC reverse DCF · WFC reverse DCF.
Trading
close 2026-10-26Last close
$50.52
$82.65
52-week high
$64.81
$96.39
52-week low
$46.72
$73.42
Price vs 52-week high
−22.0%
−14.3%
Price vs 52-week low
+8.1%
+12.6%
Average daily volume / shares
0.5%
0.5%
Beta
1.21
0.95
Returns
to 2026-10-261 month
−10.4%
+0.5%
3 months
−18.6%
−4.2%
6 months
−2.9%
+4.1%
Year to date
−8.1%
−11.3%
1 year
−3.9%
−4.4%
1 year, dividends added
−1.7%
−2.2%
2 years
+20.6%
+28.1%
Valuation
price × TTM to Sep 2026P/E (TTM)
12.1×
11.6×
P/E on consensus EPS (next FY)
11.5×
11.3×
Price / sales
1.8×
1.9×
EV / sales
3.6×
3.3×
EV / EBITDA
15.5×
12.8×
Price / book
1.2×
1.4×
Price / free cash flow (FY)
27.7×
n/m
Free-cash-flow yield (FY)
3.6%
−7.7%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
−35.9%
−28.5%
Revenue, 3-year CAGR
18.5%
14.0%
Revenue, 5-year CAGR
15.4%
8.5%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+15.2%
+16.0%
EPS, 3-year CAGR
6.2%
26.3%
Free cash flow, 3-year CAGR
—
—
Diluted shares, 3-year change
−7.6%
−16.1%
Profitability
TTM to Sep 2026Gross margin (FY)†
56.1%
64.8%
Operating margin
22.4%
21.1%
EBITDA margin
23.3%
25.6%
Net margin
16.5%
17.6%
Free-cash-flow margin (FY)
6.6%
−15.4%
Return on equity
10.8%
13.1%
Return on assets
0.9%
1.0%
Asset turnover
0.06
0.06
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
MRQ Sep 2026Cash
$26.91B
$40.56B
Total debt
$380.92B
$221.04B
Net debt
$354.01B
$180.49B
Debt / equity
1.3×
1.3×
Net debt / EBITDA (TTM)
7.8×
5.4×
Interest coverage (FY)
0.5×
0.6×
Current ratio (FY)
0.42
0.29
Dividends
trailing 12 monthsDividend yield
2.3%
2.2%
Dividends per share
$1.16
$1.85
Payout ratio (of TTM EPS)
27.7%
25.9%
Dividend per share, 5-year CAGR
9.1%
29.9%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
16
16
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$0
$0
Analyst upgrades
1
1
Analyst downgrades
0
0
Statements
income TTM to Sep 2026 · cash flow FY2025Revenue
$194.74B
$130.46B
EBITDA
$45.42B
$33.36B
Operating income
$43.61B
$27.52B
Net income
$32.12B
$23.01B
EPS (diluted)
$4.19
$7.14
Operating cash flow
$12.61B
−$19.00B
Capital expenditure
$0
$0
Free cash flow
$12.61B
−$19.00B
Dividends paid
$9.56B
$5.43B
Keep comparing
Bank of America against
Wells Fargo against
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.