5 High Dividend Stocks Picked By Billionaire Ray Dalio

2. Wells Fargo & Company (NYSE:WFC)

Bridgewater Associates’ Stake Value as of Q4 2025: $106,391,528

Dividend Yield as of April 17: 2.12%

On April 15, Morgan Stanley lowered its price recommendation on Wells Fargo & Company (NYSE:WFC) to $97 from $100. It reiterated an Equal Weight rating on the shares. After the Q1 report, the firm raised its 2026 EPS estimate by less than 1% and cut its 2027 forecast by 3%. The changes reflect lower net interest income, weaker fees, and a higher share count.

On the same day, Bank of America lowered its price goal on Wells Fargo to $95 from $107. The firm maintained a Buy rating. The analyst said net interest margin contraction of 13 basis points quarter over quarter “came as the real sticker shock,” adding that it raised more doubts about the ROTCE improvement thesis.Following the Q1 report, the firm reduced its FY26 and FY27 EPS estimates by 2% and 4%, respectively. It also lowered its assigned multiples, citing reduced visibility on earnings.

During the Q1 2026 earnings call, CEO and Chairman Charles Scharf said the company continued to benefit from earlier investments. He noted that diluted EPS rose 15%, revenue increased 6%, loans grew 11%, and deposits climbed 7% compared with the same period last year. He also said the company closed its final outstanding consent order the previous month, bringing the total resolved since 2019 to 14. With that behind it, management is shifting its focus more fully toward accelerating growth and improving returns.

Scharf added that the company returned $5.4B to shareholders in the first quarter, including $4B through common stock repurchases, while maintaining a strong level of excess capital.

Wells Fargo & Company (NYSE:WFC) provides a range of banking, investment, and mortgage products and services, along with consumer and commercial finance. The company operates through Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.