Wells Fargo Future Growth

Future criteria checks 1/6

Wells Fargo is forecast to grow earnings and revenue by 4.3% and 5.9% per annum respectively. EPS is expected to grow by 8.3% per annum. Return on equity is forecast to be 12.4% in 3 years.

Key information

4.3%

Earnings growth rate

8.3%

EPS growth rate

Banks earnings growth	7.9%
Revenue growth rate	5.9%
Future return on equity	12.4%
Analyst coverage	Good
Last updated	03 May 2025

Recent future growth updates

Recent updates

Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted

Nov 20

Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall

Oct 07

Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments

Oct 01

Wells Fargo's New Enforcement Action Pushes Back The Asset Cap Lifting Timeline (Rating Downgrade)

Sep 19

Wells Fargo: Too Much Uncertainty

Aug 29

Wells Fargo (NYSE:WFC) Is Increasing Its Dividend To $0.40

Jul 31

Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)

Jul 17

Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential

Jul 01

Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred

Jun 22

Is Now The Time To Put Wells Fargo (NYSE:WFC) On Your Watchlist?

Jun 10

Wells Fargo Continues To Grow Despite Its Past

May 30

Wells Fargo: Uneven Q1 Results Point To A Hold

May 21

Earnings and Revenue Growth Forecasts

NYSE:WFC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	90,005	21,638	N/A	N/A	3
12/31/2026	87,306	20,317	N/A	N/A	11
12/31/2025	83,375	18,867	N/A	N/A	9
3/31/2025	77,254	18,909	4,123	4,123	N/A
12/31/2024	77,962	18,606	3,035	3,035	N/A
9/30/2024	77,875	16,965	12,333	12,333	N/A
6/30/2024	78,234	17,563	23,632	23,632	N/A
3/31/2024	77,601	17,582	20,827	20,827	N/A
12/31/2023	77,198	17,982	40,358	40,358	N/A
9/30/2023	77,079	17,699	29,401	29,401	N/A
6/30/2023	76,201	15,562	25,912	25,912	N/A
3/31/2023	73,841	13,766	34,255	34,255	N/A
12/31/2022	72,834	12,562	27,048	27,048	N/A
9/30/2022	74,983	15,155	24,620	24,620	N/A
6/30/2022	76,434	16,629	7,794	7,794	N/A
3/31/2022	81,541	19,509	-7,856	-7,856	N/A
12/31/2021	83,321	20,818	-11,525	-11,525	N/A
9/30/2021	80,119	17,527	-39,107	-39,107	N/A
6/30/2021	78,440	15,641	-42,873	-42,873	N/A
3/31/2021	65,655	5,738	-18,692	-18,692	N/A
12/31/2020	60,172	1,786	2,051	2,051	N/A
9/30/2020	60,802	1,591	37,239	37,239	N/A
6/30/2020	63,563	2,727	32,840	32,840	N/A
3/31/2020	75,862	12,735	16,052	16,052	N/A
12/31/2019	84,227	18,105	6,730	6,730	N/A
9/30/2019	83,651	21,103	9,341	9,341	N/A
6/30/2019	83,697	22,519	28,974	28,974	N/A
3/31/2019	83,717	21,463	28,794	28,794	N/A
12/31/2018	84,696	20,689	N/A	36,073	N/A
9/30/2018	85,732	20,718	N/A	21,314	N/A
6/30/2018	85,503	19,396	N/A	24,188	N/A
3/31/2018	86,082	20,054	N/A	20,711	N/A
12/31/2017	85,989	20,554	N/A	18,619	N/A
9/30/2017	85,283	19,686	N/A	23,108	N/A
6/30/2017	85,674	20,798	N/A	11,179	N/A
3/31/2017	85,082	20,521	N/A	8,170	N/A
12/31/2016	84,541	20,373	N/A	1,008	N/A
9/30/2016	84,550	20,704	N/A	-8,847	N/A
6/30/2016	84,199	20,904	N/A	12,487	N/A
3/31/2016	84,129	21,094	N/A	18,171	N/A
12/31/2015	83,690	21,470	N/A	15,904	N/A
9/30/2015	83,846	21,649	N/A	22,666	N/A
6/30/2015	83,519	21,614	N/A	18,791	N/A
3/31/2015	83,350	21,675	N/A	17,203	N/A
12/31/2014	82,980	21,821	N/A	17,529	N/A
9/30/2014	82,296	21,808	N/A	29,087	N/A
6/30/2014	81,854	21,717	N/A	35,128	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WFC's forecast earnings growth (4.3% per year) is above the savings rate (2.8%).

Earnings vs Market: WFC's earnings (4.3% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: WFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: WFC's revenue (5.9% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: WFC's revenue (5.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WFC's Return on Equity is forecast to be low in 3 years time (12.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/05 17:22
End of Day Share Price	2025/05/02 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Wells Fargo & Company is covered by 59 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Biggar	Argus Research Company
David George	Baird
Jason Goldberg	Barclays

Wells Fargo Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 7.1% to US$82.76

Recent updates

Wells Fargo & Company to Report Q2, 2026 Results on Jul 14, 2026

First quarter dividend of US$0.40 announced

Wells Fargo & Company (NYSE:WFC) announces an Equity Buyback for $40,000 million worth of its shares.

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Wells Fargo: A Classical Comeback Story Worth Playing!

Increasing Dividends

Wells Fargo & Company, Annual General Meeting, Apr 29, 2025

Wells Fargo: A Strong Bank, But Is It A Good Buy Right Now?

President exercised options and sold US$12m worth of stock

Full year 2024 earnings: EPS exceeds analyst expectations

Wells Fargo: Using A 5.8% Preferred Stock To Bet On Lower Interest Rates

President exercised options and sold US$5.1m worth of stock

Fourth quarter dividend of US$0.40 announced

Wells Fargo & Company Announces Change of Co-CEO of Corporate & Investment Banking

Price target increased by 7.1% to US$82.76

Wells Fargo & Company Announces Common Stock Dividend, Payable on March 1, 2025

Wells Fargo & Company Announces Executive Changes

Wells Fargo: Likely Fairly Valued (Rating Upgrade)

Full year 2024 earnings: EPS exceeds analyst expectations

Wells Fargo: More Good Earnings To Come

Wells Fargo: Not Much Value For Long-Term Investors

Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted

Third quarter dividend of US$0.40 announced

Wells Fargo & Company Announces Common Stock Dividend, Payable on Dec. 1, 2024

President exercised options and sold US$4.6m worth of stock

Insider recently sold US$2.2m worth of stock

Third quarter 2024 earnings: EPS exceeds analyst expectations

Wells Fargo & Company Announces Management Changes

Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall

Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments

Wells Fargo's New Enforcement Action Pushes Back The Asset Cap Lifting Timeline (Rating Downgrade)

Wells Fargo: Too Much Uncertainty

Wells Fargo Appoints Peter Dorfman as Managing Director

Trimont Pty Ltd agreed to acquire Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business from Wells Fargo & Company (NYSE:WFC)

Wells Fargo (NYSE:WFC) Is Increasing Its Dividend To $0.40

Wells Fargo & Company Announces Executive Appointments

Second quarter dividend increased to US$0.40

Wells Fargo & Company Approves Third Quarter Dividend, Payable on September 1, 2024

Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Wells Fargo & Company Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential

Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred

Is Now The Time To Put Wells Fargo (NYSE:WFC) On Your Watchlist?

Wells Fargo and Mastercard Announces the New Attune? World Elite Mastercard

Wells Fargo Continues To Grow Despite Its Past

Wells Fargo: Uneven Q1 Results Point To A Hold

Wells Fargo Launches Signify Business Cash Mastercard®

Wells Fargo & Company Appoints Fernando Rivas as SEVP, Co-CEO of Corporate & Investment Banking and Member of Operating Committee

Wells Fargo & Company Approves a Quarterly Common Stock Dividend, Payable June 1, 2024

Wells Fargo & Company Appoints Jason M. Rosenberg as Head of Public Affairs, Effective from April 15

Wells Fargo & Company to Report Q2, 2025 Results on Jul 15, 2025

Wells Fargo to Launch Autograph Journey(Sm) Card Designed for Frequent Travelers

Wells Fargo & Company, Annual General Meeting, Apr 23, 2024

Wells Fargo & Company Announces Common Stock Dividend, Payable on March 1, 2024

Wells Fargo & Company Appoints Darlene Goins as Head of Philanthropy and Community Impact