Wells Fargo & Company (WFC): Re-Rating Potential as Market Sentiment Improves

Wells Fargo & Company (WFC): Re-Rating Potential as Market Sentiment Improves Neha Gupta Sun, April 12, 2026 at 2:20 PM EDT 2 min read WFC Wells Fargo & Company (NYSE: WFC ) is one of the undervalued large cap stocks to buy . On April 1, HSBC analyst Saul Martinez upgraded Wells Fargo & Company (NYSE:WFC) from Hold to Buy, and lowered the price target to $94 from $104. The move was driven purely by valuation, considering that Wells Fargo had fallen about 17% year-to-date, making it the worst-performing stock among all banks and brokers in HSBC’s coverage, noted Martinez. Wells Fargo & Company (WFC): Re-Rating Potential as Market Sentiment Improves Rob Wilson / Shutterstock.com The analyst added that the stock’s decline pushed its valuation to levels he described as an “attractive entry point.” Also, Martinez views Wells Fargo as a “long-term winner in U.S. banking,” citing its national scale, its strong capital base, and the fact that the asset cap, the regulatory restriction that had long constrained its balance sheet growth, has now been lifted. However, the analyst acknowledged that those big regulatory catalysts are now behind the stock rather than ahead of it. He added that the bank’s January 2026 net interest income guidance disappointed markets, but argued that guidance could prove conservative. In other words, actual results may beat expectations. Independent of the analyst action, on March 26, Wells Fargo said its artificial-intelligence-powered virtual a…