What changed
$WFC — ADD 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $6.8B | EPS $1.56 vs $1.60 🔴
💡 Consensus expects persistent margin pressure and credit deterioration, but underlying revenue growth is robust, the miss was one-time, and the market is overlooking the $4B quarterly buyback that reduces shares and supports EPS. The street's forward estimates may prove conservative, and any regulatory asset-cap progress is unmodeled upside.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 7/10 - Large, diversified deposit franchise with strong market share but constrained by legacy asset cap, limiting growth; capital return remains robust.
📊 Valuation: fair — At 12.7x trailing earnings, WFC trades at its 5-year median P/E and at a discount to peers like JPM (~15x) and BAC (~12.5x).
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/WFC0618