This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Wells Fargo (WFC) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Tue Jun 16, 6:04AM CDT

Bank of America Securities analyst Ebrahim Poonawala reiterated a Buy rating on Wells Fargo yesterday and set a price target of $95.00.

Claim 55% Off TipRanks

According to TipRanks, Poonawala is a top 25 analyst with an average return of 19.8% and an 80.33% success rate. Poonawala covers the Financial sector, focusing on stocks such as Citigroup, Wells Fargo, and JPMorgan Chase.

Currently, the analyst consensus on Wells Fargo is a Moderate Buy with an average price target of $95.81.

See today’s best-performing stocks on TipRanks >>

Based on Wells Fargo’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $31.8 billion and a net profit of $5.29 billion. In comparison, last year the company earned a revenue of $29.63 billion and had a net profit of $4.89 billion

Read More on WFC:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).