Wells Fargo's Series L preferred shares offer a 6.4% yield and are attractive for income investors due to minimal call risk, as they convert only if the common stock triples. The bank's strong Q1 net income of $5.25 billion and a preferred dividend payout ratio near 5% ensure solid dividend coverage. These shares are perpetual and non-cumulative, making them suitable for long-term fixed income allocation. The analyst maintains a buy rating on both Wells Fargo common and Series L preferred shares, recommending gradual accumulation for income-focused investors.
Wells Fargo reported strong Q2 2026 adjusted earnings per share of $1.96, beating estimates and showing growth from last year. Revenue increased by 9%, supported by higher net interest and non-interest income. An analyst upgraded the stock with a new...
Wells Fargo reported strong second-quarter results, with revenue up 9% year-over-year and net earnings rising 17%. The growth was driven by robust commercial loan origination and a 5% increase in net interest income to $12.3 billion, supported by a 1...
Wells Fargo reported strong Q2 2026 results with earnings per share of $2.00 and revenue of $22.62 billion, both exceeding analyst expectations. The growth was driven by strong fee income and better credit performance. Despite this, the stock price d...
Wells Fargo reported Q2 earnings of $2 per share, surpassing the $1.72 estimate, driven by strong fee income and improved credit quality that offset pressure on net interest margins. Revenue reached $22.62 billion, beating expectations, with net inco...
JPMorgan Chase reported the highest profit ever for a US bank at $21.2 billion, driven by strong corporate dealmaking and consumer spending. Other major banks like Goldman Sachs, Wells Fargo, and Bank of America also exceeded earnings expectations, b...
