Wells Fargo (WFC) Stock Outlook: Price, News, and Analyst Forecasts Before the December 1, 2025 Market Open

As U.S. markets prepare to reopen on Monday, December 1, 2025, Wells Fargo & Company (NYSE: WFC) heads into the new trading week near its 52‑week highs, with fresh institutional ownership data, new valuation analyses, and updated Wall Street forecasts all landing between November 28–30, 2025.

Below is a detailed look at the Wells Fargo stock price, the latest news from November 28–30, and how analysts see WFC stock performing over the next 12 months.

Wells Fargo stock price today and recent performance

Last close: Wells Fargo stock closed at $85.87 on Friday, November 28, 2025, up about 0.36% on the shortened Black Friday session (the NYSE closed at 1:00 p.m. ET). ^[1]
After-hours: StockAnalysis data shows an after‑hours indication of $85.90 at 5:00 p.m. ET on November 28, keeping WFC essentially flat into the weekend. ^[2]
52‑week range: WFC has traded between $58.42 and $88.64 over the past year, putting Friday’s close only a few percent below its 52‑week high. ^[3]
Moving averages: Recent institutional reports cite a 50‑day simple moving average around $84–$84.3 and a 200‑day average near $80.5–$80.6, meaning WFC is trading comfortably above both — a classic sign of a bullish medium‑term trend. ^[4]

A recent Barchart analysis published November 26 noted that Wells Fargo shares have gained roughly 6.1% over the last three months and about 21% year to date, outpacing the S&P 500 over those same periods, even though the stock has slightly lagged the index over the past year. ^[5]

Heading into the December 1 open, Wells Fargo therefore sits in a strong technical position: trending higher, near its highs, and supported by rising moving averages.

Key Wells Fargo news from November 28–30, 2025

Between November 28 and 30, the most relevant corporate and market news around Wells Fargo centers on institutional flows and fresh valuation analysis, rather than new earnings or regulatory shocks.

1. Big institutional investors reshuffle their Wells Fargo stakes

A flurry of 13F‑related headlines hit the tape around WFC between November 28–30, highlighting how large funds repositioned around the stock in the second quarter (information that has only just been reported publicly):

Norges Bank’s new multibillion‑dollar position (Nov 29)
- Norway’s sovereign wealth fund, Norges Bank, disclosed a new position of 49.8 million WFC shares, worth roughly $3.99 billion, making Wells Fargo about 0.5% of its portfolio and its 27th‑largest holding. The stake represents about 1.55% of Wells Fargo’s shares outstanding. ^[6]
- The MarketBeat summary notes that this comes against a backdrop of a “Moderate Buy” analyst consensus and an average price target near $89.57. ^[7]
Grantham Mayo Van Otterloo increases its stake (Nov 29)
- Quant value shop Grantham Mayo Van Otterloo & Co. LLC (GMO) added 88,358 shares, taking its position to 8.47 million WFC shares (about 0.26% of Wells Fargo, and roughly 2% of GMO’s portfolio), valued around $678.6 million. ^[8]
Groupama Asset Management boosts holdings (Nov 29)
- French manager Groupama Asset Managment lifted its stake by 10.6% to 163,557 shares, worth about $13.0 million. ^[9]
United Super & Vinva add exposure; Skandinaviska trims (Nov 28–29)
- United Super Pty Ltd (trustee for the Construction & Building Unions Superannuation Fund) increased its WFC stake by 144.5% to 264,219 shares (~$21.2 million). ^[10]
- Vinva Investment Management raised its position by 48.8% to 196,298 shares (~$15.6 million). ^[11]
- On the other side, Skandinaviska Enskilda Banken AB publ cut its WFC stake by 32.4%, selling 360,562 shares but still holding 753,148 shares worth about $60.3 million. ^[12]
Additional November 30 filings
- Quadrature Capital Ltd opened a new WFC position of 95,591 shares (~$7.65 million). ^[13]
- Other headlines on November 30 included West Family Investments buying shares and several smaller funds, such as Mount Capital and Black Cypress Capital Management, trimming positions. ^[14]

Across these filings, MarketBeat and AmericanBankingNews repeatedly note that around 75–79% of Wells Fargo’s shares are now held by institutional investors and hedge funds, underscoring the stock’s status as a core institutional holding in the U.S. banking sector. ^[15]

Takeaway for December 1:
The late‑November data dump doesn’t represent brand‑new Q4 buying or selling, but it confirms that large, long‑term investors have been adding to Wells Fargo in size, even as some managers lock in profits. This mix of inflows and profit‑taking can create order‑flow noise at the open, but overall it supports a picture of institutional confidence in WFC.

2. New valuation analysis: Wells Fargo seen as modestly undervalued

Simply Wall St: “Assessing Valuation After Asset Cap Removal” (Nov 29)

On November 29, Simply Wall St published a detailed narrative titled “Wells Fargo (WFC): Assessing Valuation After Asset Cap Removal Unlocks Growth Potential.” ^[16]

Key points from that analysis:

Asset cap removal in June 2025 is highlighted as a turning point, freeing Wells Fargo to grow deposits, loans, and trading assets after years of regulatory constraints. ^[17]
The article notes that WFC has delivered about a 22.3% year‑to‑date share price gain and a 102% total shareholder return over three years, describing this as evidence of renewed confidence in its growth story. ^[18]
Simply Wall St’s most‑followed narrative values WFC at $93.54 per share, versus a last close of roughly $85.85–$85.87, implying about 8.2% upside and labeling the stock “undervalued” on that framework. ^[19]
At the same time, the piece warns that regulatory costs and digital competition remain ongoing risks, and that Wells Fargo’s P/E ratio around 13.5 already sits above both the banking industry average (~11.4) and peer group (~12.8), suggesting the valuation is no longer “cheap.” ^[20]

In parallel, a separate Simply Wall St article syndicated via Yahoo Finance on November 30 — “Here’s Why Wells Fargo (NYSE:WFC) Has Caught The Eye Of Investors” — draws attention to Wells Fargo’s strong performance and improved fundamentals, further amplifying the stock’s profile among retail investors. ^[21]

MarketBeat & AmericanBankingNews: earnings beat and solid returns

Multiple MarketBeat‑curated pieces and an AmericanBankingNews article from November 26 reiterate that Wells Fargo: ^[22]

Beat Q3 2025 earnings expectations, with EPS around the mid‑$1.60s and about $21.44 billion in revenue, topping consensus estimates of roughly $1.55 EPS and $21.11 billion.
Posted ~5.3% year‑over‑year revenue growth, along with a net margin of ~17% and return on equity of ~12.5%.
Is trading on a P/E near 14 and a P/E/G ratio around 1.18, metrics generally consistent with a large, mature but still‑growing bank.

Takeaway for December 1:
The late‑November analyses converge on a similar message: WFC is no longer deeply discounted, but still offers a small valuation gap versus fair value estimates, supported by earnings momentum and a friendlier regulatory backdrop.

3. Dividend and capital return updates heading into December 1

Wells Fargo’s dividend is a central part of its return profile going into Monday’s session:

The company’s board has declared a quarterly common stock dividend of $0.45 per share, payable on Monday, December 1, 2025, to shareholders of record as of November 7, 2025. ^[23]
On an annualized basis, this equals $1.80 per share, implying a dividend yield of roughly 2.1% at recent prices around $85–$86. ^[24]

In addition, a November 14 Business Wire release confirmed that Wells Fargo declared cash dividends on several series of preferred stock, with a record date of November 28 and payment date of December 15, 2025, reinforcing the bank’s ongoing capital return program to preferred shareholders as well. ^[25]

Takeaway for December 1:
With the common dividend hitting accounts on Monday, income‑focused investors may see Wells Fargo as a combination of moderate yield plus modest price‑appreciation potential, particularly given the broadly supportive analyst backdrop.

Strategic backdrop: earnings, regulations and AI leadership

Q3 2025 earnings and asset cap removal

The October 14 Q3 2025 results and Federal Reserve actions earlier in the year still frame much of the current investment case:

Wells Fargo reported Q3 2025 results showing profits comfortably above Wall Street expectations, with earnings per share in the mid‑$1.60s versus about $1.55 expected and revenue around $21.4 billion versus roughly $21.1 billion estimated. ^[26]
Management has laid out an ambitious return on tangible common equity (ROTCE) target of 17–18%, up from a previous 15% goal, enabled in part by the June 2025 removal of the Fed’s asset cap, which had limited Wells Fargo’s balance‑sheet growth since the sales‑practices scandal. ^[27]
Reuters reported that Wells Fargo’s investment banking fees rose about 25% year over year and highlighted a stronger presence in capital markets and M&A advisory, such as work on major rail and industrial transactions. ^[28]

The company itself describes its franchise as a “leading financial services company” with about $2.1 trillion in assets, operating across four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. ^[29]

AI and leadership update

On November 20, 2025, Wells Fargo announced a notable internal realignment around artificial intelligence: ^[30]

Saul Van Beurden, previously CEO of Consumer and Small Business Banking, has been tapped to lead Artificial Intelligence across the firm.
Kleber Santos, CEO of Consumer Lending, will become co‑CEO of Consumer Banking and Lending alongside Van Beurden, formalizing a partnership aimed at delivering a seamless consumer experience.
CEO Charlie Scharf highlighted that generative and “agentic” AI will reshape competitive dynamics in banking, noting that Wells Fargo has trained over 90,000 employees and deployed AI tools to more than 180,000 desktops as part of its technology strategy.

Takeaway for December 1:
The combination of stronger profitability, a lifted asset cap, and a visible AI‑driven efficiency push gives investors a narrative of Wells Fargo as a re‑accelerating franchise, rather than a pure turnaround story.

Analyst ratings and Wells Fargo stock forecast

MarketBeat & AmericanBankingNews consensus

MarketBeat’s dedicated WFC forecast page and related coverage updated through late November show: ^[31]

Consensus rating:“Moderate Buy”, based on 19 Wall Street analysts over the past 12 months.
- 11 Buy ratings
- 8 Hold ratings
- 0 Sell ratings
Average 12‑month price target:$89.57
- High target:$100
- Low target:$73.50
This implies a forecasted upside of about 4.3% from recent prices near $85.9, before factoring in the ~2.1% dividend yield.

An AmericanBankingNews article on November 26 reaches the same conclusion: an average one‑year target of around $89.57 and a consensus “Moderate Buy” rating, with Bank of America, Morgan Stanley, TD Cowen and others having recently raised their price objectives — some as high as $100 per share. ^[32]

Barchart & Zacks: more optimistic targets, strong earnings revisions

The Barchart piece published November 26 on whether Wells Fargo is outperforming the S&P 500 notes that: ^[33]

A broader group of 26 analysts tracks the stock.
Their mean price target is about $95.54, implying roughly 12% upside from late‑November price levels.

Meanwhile, a Zacks Equity Research article dated November 19, 2025, highlights: ^[34]

An Average Brokerage Recommendation (ABR) of 1.89 on a 1–5 scale (1 = Strong Buy, 5 = Strong Sell), placing WFC between “Strong Buy” and “Buy.”
Among 27 recommendations, 13 are Strong Buy and four are Buy, with the rest more neutral.
The Zacks Consensus EPS estimate for the current year has risen by about 0.8% over the past month to $6.28, and Wells Fargo currently carries a Zacks Rank #2 (Buy), reflecting positive earnings‑estimate momentum.

What this means for investors before December 1

Taken together:

The most conservative mainstream sell‑side view (MarketBeat/AmericanBankingNews) points to low‑single‑digit price upside (~4%) plus the dividend, for a potential high‑single‑digit total return over 12 months, if forecasts prove accurate. ^[35]
More optimistic data sets (Barchart/Zacks) suggest double‑digit price upside (10–12%) plus dividends, hinging on continued earnings growth and benign credit conditions. ^[36]

None of these are guarantees, but the consensus direction is clearly positive, not bearish, heading into the December 1, 2025 session.

Technical snapshot: key WFC levels to watch at the open

Based on recent trading data and commonly used technical markers:

Short‑term resistance:
- The recent 52‑week high near $88.64 is the first obvious resistance zone. A decisive move above this level could invite momentum buying. ^[37]
Near‑term support:
- The 50‑day moving average around the mid‑$84s is likely to act as immediate support on any pullback. Beneath that, the 200‑day average in the low‑$80s is a deeper support region many institutional traders monitor. ^[38]

With the stock trading above both major moving averages and only modestly below its highs, the technical picture supports the broader fundamental narrative: Wells Fargo is in an established uptrend, though short‑term pullbacks are always possible after a strong run.

Bull vs. bear: how balanced is the Wells Fargo setup now?

Drawing on MarketBeat’s pros and cons summary and the late‑November research flow: ^[39]

Bull case going into December 1

Earnings momentum: WFC has been consistently beating consensus estimates, with revenue and EPS rising year over year.
Regulatory overhang easing: The asset cap removal and progress on prior consent orders open the door to balance‑sheet growth, potentially lifting revenue and returns.
At‑scale franchise: With ~$2.1 trillion in assets and a market cap around $269 billion, Wells Fargo remains one of the most systemically important U.S. banks. ^[40]
Shareholder returns: The combination of a 2.1% dividend yield, buybacks (historically), and moderate upside to consensus fair value can create competitive total‑return potential. ^[41]
Institutional validation: Large investors like Norges Bank, GMO, Groupama and major pension funds have been increasing or initiating positions, signaling long‑term conviction. ^[42]

Bear case and key risks

Not “dirt cheap” anymore: Trading near its highs and at a P/E above industry averages, WFC no longer offers the deep value it once did, especially if growth underwhelms. ^[43]
Regulatory and reputational risk: Although the asset cap is gone, Wells Fargo’s history of regulatory issues means heightened oversight and potential future fines or constraints remain part of the story. ^[44]
Macroeconomic sensitivity: As a large bank, Wells Fargo is exposed to credit‑cycle risk (if unemployment rises or consumer credit deteriorates) and to net‑interest‑margin pressure if rates fall faster than expected.
Competition and technology: The AI push is promising, but WFC still faces intense competition from both mega‑banks and fintechs, and must execute well to convert tech investment into improved profitability. ^[45]

What to watch at the December 1, 2025 open

As trading in Wells Fargo resumes on Monday:

Reaction to dividend payment
- Some investors may reinvest the $0.45 per‑share dividend into additional WFC shares, while others might rebalance away, potentially creating short‑term volatility around the open. ^[46]
Broader market tone after the holiday week
- With Black Friday trading finished and macro data for early December on the horizon, shifts in rate‑cut expectations and bond yields will remain key drivers for bank stocks, including WFC. ^[47]
Follow‑through from institutional news
- The cluster of 13F headlines showing big funds moving into (and in some cases out of) Wells Fargo may continue to influence sentiment, especially among retail traders who track institutional “whale” activity. ^[48]

Overall, the setup going into December 1 looks constructive but not risk‑free: Wells Fargo is a profitable, dividend‑paying, institutionally owned bank stock trading near its highs, with consensus expectations for modest to mid‑single‑digit upside and growing focus on AI‑driven efficiency.

Important note:
This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy, hold, or sell any security. Investors should consider their own objectives, risk tolerance, and financial situation, and may wish to consult a licensed financial adviser before making investment decisions.

Wells Fargo (WFC) Stock Analysis 2025 | Banking Outlook, Dividends & Growth Strategy