Truist Financial Reiterates Buy on Wells Fargo & Company (WFC)

Wells Fargo & Company (NYSE:WFC) is one of the Most Profitable Stocks to Buy Now. On November 12, John McDonald CFA from Truist Financial reiterated a Buy rating on Wells Fargo & Company (NYSE:WFC) without disclosing any price target. Earlier on November 3, Jason Goldberg from Barclays had also reiterated a Buy rating on the stock with a price target of $94.

​The reiterated bullish sentiment on the stock follows the company’s release of fiscal Q3 2025 results, announced on October 14. The company reported 5.25% year-over-year revenue growth to $21.44 billion, surpassing estimates by 272.33 million. Moreover, the EPS of $1.73 also topped estimates by $0.19. Management attributed revenue growth to higher net interest income, along with strong growth in fee-based income from consumer and commercial businesses.

​In addition, on November 6, Wells Fargo & Company (NYSE:WFC) also presented at the BancAnalysts Association of Boston Conference, where CFO Mike Santomassimo outlined strategic initiatives. He noted that the bank aims for best-in-class returns across all business segments. Moreover, the bank also aims for a CET1 ratio of 10%-10.5%, which stood at 11% during Q3 2025. Santomassimo highlighted that the bank has achieved $15 billion in gross savings over the past 5 years, which has helped the company increase its spending for the betterment of the company.

​Wells Fargo & Company (NYSE:WFC) is a large financial services company offering banking, mortgage, and investment products.

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Disclosure: None. This article is originally published at Insider Monkey.