5 Best Bank Stocks To Invest In For Long-Term

4. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Investors In Q4 2023: 72

Wells Fargo & Company (NYSE:WFC) is the well known California based bank that provides investment banking, consumer banking, and other services. It joined other big banks in a cost cutting effort in February 2024 by announcing that more branches will be closed in the U.S. this year.

By the end of last year’s fourth quarter, 72 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the bank. Wells Fargo & Company (NYSE:WFC)’s biggest investor among these is Peter Rathjens, Bruce Clarke, and John Campbell’s  Arrowstreet Capital due to its $1.5 billion investment.

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