Wells Fargo: Recent Price Surge Pushed P/B Close To Historical Highs


  • WFC’s stock price has risen significantly compared to other major banks, outperforming the S&P Bank ETF and S&P 500.
  • Its net interest income and margin have contracted through the last quarters. Yet, non-interest income has partly counterbalanced the NII drop by increasing quarter over quarter.
  • Despite potential tailwinds from rate cuts, the P/B stands close to its historical level suggesting a hold rating of the stock.

Peru, IN - March 2016: Wells Fargo Retail Bank II


Wells Fargo (NYSE:WFC) is the third largest commercial bank in the US by domestic assets held, with a consolidated amount of $1.7 trillion. The bank currently has $213 billion in market cap and employs more than

Q1 2024 WFC C BAC JPM Rank
NIM 2.81% 2.42% 1.99% 2.71% #1
Efficiency Ratio 69 67 67 54 #4
ROCE (Average) 10.5% 6.6% 9.4% 17.0% #2
CET1 11.2% 13.5% 11.9% 15.0% #4
Book Value 1Y Growth 0.99% 0.27% 4.01% 7.58% #3
Book Value 3Y Growth -4.76% 2.62% 4.52% 20.98% #4





Price to Book










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