WFC
Wells Fargo & CompanyEvidence as of 2026-09-12The desk's Snapshot
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Overview · Wells Fargo & Company
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversifie…
Management team
- Ms. Bridget E. Engle · Senior EVP & Head of TechnologyFind on LinkedIn
- Mr. Fernando S. Rivas · Senior EVP & CEO of Corporate & Investment BankingFind on LinkedIn
- Mr. Michael P. Santomassimo · Senior EVP & CFOFind on LinkedIn
- Mr. Charles W. Scharf · President, CEO & DirectorFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
+0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Constructive (+0.5 of a possible +2; was +0.5 before debate). Common shares outstanding declined from 3,254,182,446 as of 2025-04-17 to 3,023,999,336 as of 2026-07-17, and weighted‑average diluted shares fell from 3,321,600,000 in the quarter ended 2025-03-31 (Q1 2025) to 3,074,600,000 in the quarter ended 2026-06-30 (fiscal Q2 2026, 2026-04-01 to 2026-06-30). The company reported quarterly net income of $4,894,000,000 in the quarter ended 2025-03-31 (Q1 2025) and $6,407,000,000 in the quarter ended 2026-06-30 (fiscal Q2 2026, 2026-04-01 to 2026-06-30), and recorded $4,000,000,000 of cash paid for repurchase of common stock in the quarter ended 2026-03-31 (fiscal Q1 2026, 2026-01-01 to 2026-03-31).
Market and valuation measures in the supplied evidence show positive technical momentum and subdued sensitivity: 3‑month momentum +9.6%, 6‑month momentum +20.7% (73rd percentile of the 558-stock universe), a golden_cross in place 25 days, price +3.7% vs the 50‑day SMA and +6.6% vs the 200‑day SMA, beta vs SPY 0.76, and a trailing P/E TTM of 13.16. Enterprise value is $455,175,900,047, market cap is $273,036,900,047, and operating cash flow for the trailing twelve months is negative $6,613,000,000; free cash flow and EBITDA are missing from the evidence set.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Common shares outstanding declined from 3,254,182,446 shares as of 2025-04-17 to 3,023,999,336 shares as of 2026-07-17.
XBRL companyfacts · 0000072971-25-000129Common shares outstanding declined from 3,254,182,446 shares as of 2025-04-17 to 3,023,999,336 shares as of 2026-07-17.
XBRL companyfacts · 0000072971-26-000302weakened in debateReads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
A Form 10-K for the fiscal year ended 31 December 2025 was filed on 2026-02-24.
10-K filed 2026-02-24A Form 10-Q covering the periodic reporting period that includes 30 June 2026 was filed on 2026-07-28.
10-Q filed 2026-07-28Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum metrics are positive: 3-month momentum +9.6%, 6-month momentum +20.7%, and 12-1 momentum +16.5%; the 6-month momentum ranks in the 73th percentile of the 558-stock research universe.
Moneyta signal set · 2026-09-11weakened in debatePrice technicals show bullish signals on the provided measures: a golden_cross is true, price is +3.7% vs the 50-day SMA, and +6.6% vs the 200-day SMA; the cross has been in place for 25 days.
Moneyta signal set · 2026-09-11Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holdings reported total $185.36B as of the 2026-03-31 13F reporting period (13F filings carry a 45-day reporting lag).
13F holdings · 2806 filers · as of 2026-03-31BlackRock, Inc. was the largest reported institutional holder with $20.77B in the 13F for the period ended 2026-03-31.
13F holdings · 2806 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Recent headlines exist but none are company-specific — market-wide stories and rating chatter are excluded.
Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Jason M. Rosenberg (SEVP & Head of Public Affairs) reported on 15 June 2026 two linked transactions: an action labeled "code M" for 17,217.8 shares with reported value "$0", and an action labeled "code F" for 8,079.49 shares with reported value "$676k".
Form 4 · Rosenberg Jason M. (SEVP & Head of Public Affairs) · $0 code M · 2026-06-15The Form(s) reporting Jason M. Rosenberg's 15 June 2026 transactions include no trading-plan flag in the provided evidence (trading_plan: null) for that filing.
Form 4 · Rosenberg Jason M. (SEVP & Head of Public Affairs) · $0 code M · 2026-06-15Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The share price used in this evidence is $90.29 as of 2026-09-11.
Valuation inputs · SEC XBRL + stored EOD closeThe trailing twelve‑month price / earnings (P/E) ratio reported is 13.16 (P/E TTM).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific and market signals together support a favorable read. Share count and weighted-average diluted shares have meaningfully declined (fundamentals-0, fundamentals-2, fundamentals-3) and the company recorded $4.0B of cash paid for repurchases in Q1 2026 (fundamentals-6), which, combined with sequentially strong reported quarterly net income including $6.407B in Q2 2026 (fundamentals-4), point to improving per-share earnings capacity on the evidence provided. Market technicals and momentum are positive (market-0, market-1) and volatility and market-sensitivity metrics are below average (market-3, market-4), which strengthens the case that recent price action has been supported by broad-based buying rather than idiosyncratic spikes. Institutional and ETF footprint remains substantial (ownership-0, ownership-3, ownership-4) and certain insider filings show purchases or holdings reported (insider-0, insider-3), which together mitigate concerns about the quarter-over-quarter reported 13F value decline (ownership-2). While some bear points highlight drawdown history and negative operating cash flow, the evidence strength for improved per-share results, active buybacks, positive reported quarterly earnings, and constructive market technicals is moderate to strong and jointly supports a favorable interpretation of the supplied dataset.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
32 surviving claims rest on 12 distinct sources; the heaviest analyst carries 22% of them, and 97% of what the desk raised survived the debate.
The evidence set rests on a modest number of distinct sources relative to the surviving claim count, so individual source errors or omitted filings could change many claims at once. The largest analyst accounts for less than a quarter of the weight, and the very high survival rate from the desk debate suggests the claims were internally resilient — but external-source concentration means the read has medium fragility and should be cross-checked against the underlying filings for critical decisions.
Peer context · computed, not argued
12-1 momentum ranks 6th of 6 in Banks—Diversified (as of 2026-09-11).
90-day volatility ranks 3rd of 6 in Banks—Diversified (as of 2026-09-11).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
14 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.8 to the score
3 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.6 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
3 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.4 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on WFC Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.