Top 5 Bank Stocks to Buy Now According to Analysts

2. Wells Fargo & Co (NYSE:WFC)

Number of Hedge Fund Holders: 82

Stock Upside Potential: 10.59%

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.

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.