Looking to Buy Wells Fargo & Co (WFC) Stock? Listen to JPMorgan First

Wells Fargo & Co (NYSE:WFC) is one of the top bank stocks to buy now according to analysts. Wells Fargo shares have gained roughly 8% in the past month and are expected to keep rising. Wall Street has a consensus Buy rating on Wells Fargo stock, and some 82 hedge funds are backing this stock.

Looking to Buy Wells Fargo & Co (WFC) Stock? Listen to JPMorgan First

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On July 6, JPMorgan raised its price target on Wells Fargo & Co (NYSE:WFC) shares to $93.50 from $86.50 while keeping a Neutral rating on the stock. The firm adjusted the Wells Fargo estimates as part of its large-cap banks Q2 2026 earnings preview.

Wells Fargo is due to report its Q2 results on July 14. For the quarter, analysts are projecting 4.9% YoY revenue growth for the bank to $21.8 billion. The quarter is expected to benefit from continued growth in consumer and business spending, which is fueling loan volumes and deposits. At an investor conference in June, Wells Fargo said its loan growth was exceeding initial expectations.

GAAP EPS is forecast to rise 7% to $1.71. The bank’s bottom line is expected to benefit from cost discipline aimed at expanding the operating profit margin.

Wells Fargo & Co (NYSE:WFC) is a multinational bank and financial services company. It serves both individual clients and business customers. Wells Fargo services include checking and savings accounts, credit cards, auto loans, and business loans.

While we acknowledge the risk and potential of WFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WFC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Stocks to Buy According to Whale Rock Capital Management and 10 Best Stocks to Buy According to David Greenspan’s Slate Path Capital.

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