Jan. 8 at 12:37 PM
$WFC Benzinga, 01/07/2026
Why Wells Fargo's Next Chapter Could Reward Investors
Bank of America Securities analyst Ebrahim H. Poonawala reiterated the Buy rating on the stock, raising the price forecast from
$100 to
$107.
According to Poonawala, Wells Fargo remains a long-term turnaround story supported by several catalysts. He said the bank still has room to lift productivity and expand products beyond costs tied to regulation.
The analyst highlights that a normalized ROTCE in the high-teens looks achievable, which could drive shares toward or above two times tangible book.
Wells Fargo entered a new phase after regulators lifted the 2018 Federal Reserve asset cap.
The analyst writes that prior consent orders hurt deposit share, lending growth, and overall franchise efficiency.
He added that management now targets faster growth and better productivity following the cap removal.
