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Held by 991 of 2,417 reporting institutions (99th percentile) — extremely crowded.
Data as of Q3 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 16 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | $895.0B | 16.8× | — | 4.9× | 2.8% | — | 31.3% | 15.7% | 13.4% | — | 1,974 |
| BAC | $346.2B | 13.1× | — | 3.1× | 6.8% | — | 27.0% | 10.1% | 4.9% | — | 1,281 |
| WFC | $250.4B | 13.3× | — | — | — | — | — | 11.8% | 5.7% | — | 991 |
| C | $203.0B | 17.6× | — | 2.4× | 5.6% | — | 16.8% | 6.7% | 2.5% | — | — |
| COF | $125.7B | 50.8× | — | 2.4× | 36.6% | — | 4.6% | 2.2% | 2.1% | — | 645 |
| USB | $92.6B | 12.9× | — | 3.2× | 4.4% | — | 26.4% | 11.6% | 9.2% | — | 685 |
| PNC | $90.5B | 13.7× | — | 3.9× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 677 |
| KEY | $22.3B | 13.9× | — | 3.0× | 62.7% | — | 24.3% | 9.0% | 6.0% | — | 248 |
| FHN | $11.0B | 12.4× | — | 3.2× | 7.2% | — | 28.7% | 11.1% | 8.1% | — | — |
| CFR | $9.8B | 15.9× | — | 4.4× | 8.3% | — | 29.0% | 14.2% | 14.2% | — | 149 |
| WBHC | $6.8B | 87.9× | — | 19.1× | 14.2% | — | 21.2% | 13.0% | 12.8% | — | — |
| CBU | $3.3B | 15.7× | — | 4.0× | 9.6% | — | 25.7% | 10.5% | 10.5% | — | 58 |
| PRK | $3.2B | 15.8× | — | 4.8× | 2.9% | — | 27.1% | 13.3% | 12.6% | — | 61 |
| BANC | $2.9B | 15.6× | — | 1.6× | -3.8% | — | 12.6% | 6.5% | 4.1% | — | 48 |
| NBTB | $2.7B | 15.7× | — | 14.8× | 10.4% | — | 92.5% | 8.9% | 8.3% | — | 62 |
| CASH | $1.6B | 9.6× | — | 1.9× | 5.3% | — | 22.1% | 21.7% | 20.6% | — | 46 |
| HAFC | $960M | 13.0× | 12.1× | 3.5× | 15.3% | — | 28.2% | 9.6% | 9.6% | 0.0× | 38 |
Peers = companies sharing WFC's sector (National Commercial Banks) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $5.43B dividends + $17.52B buybacks = $22.95B returned on -$19.00B FCF.
4 consecutive years of dividend increases · 2%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | $85.06B 100.0% | $86.41B 100.0% | $88.39B 100.0% | $88.27B 100.0% |
| Interest Expense | — | — | $32.74B | $9.07B | $3.92B | $7.96B | $18.85B 22.2% | $14.65B 17.0% | $9.35B 10.6% | $5.91B 6.7% |
| Interest & Investment Income | $1.10B | $1.14B | $1.07B | $3.31B | $334.0M | $954.0M | $5.13B 6.0% | — | — | — |
| Pretax Income | $25.20B | $23.36B | $21.64B | $15.63B | $29.56B | $2.50B | $25.97B 30.5% | $28.54B 33.0% | $27.38B 31.0% | $32.12B 36.4% |
| Income Tax Expense | $3.84B | $3.40B | $2.61B | $2.25B | $5.76B | -$1.16B | $5.76B 6.8% | $5.66B 6.6% | $4.92B 5.6% | $10.07B 11.4% |
| Net Income | $21.34B | $19.72B | $19.14B | $13.68B | $22.11B | $3.38B | $19.71B 23.2% | $22.39B 25.9% | $22.18B 25.1% | $21.94B 24.9% |
| Per Share | ||||||||||
| EPS (Basic) | $6.34 | $5.43 | $4.88 | $3.30 | $5.13 | $0.43 | $4.12 | $4.31 | $4.14 | $4.03 |
| EPS (Diluted) | $6.26 | $5.37 | $4.83 | $3.27 | $5.08 | $0.43 | $4.09 | $4.28 | $4.10 | $3.99 |
| Weighted Avg Shares (Basic) | 3.20B | 3.43B | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B | 4.80B | 4.96B | 5.05B |
| Weighted Avg Shares (Diluted) | 3.24B | 3.47B | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B | 4.84B | 5.02B | 5.11B |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
$23.47B of principal comes due within a year. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~11.0% on $297.15B of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
| Date | Insider | What it was | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-01 | Black Steven D Director | Grant | 1,153 | $80.25 | — |
| 2026-10-01 | Hewett Wayne M. Director | Grant | 452 | $80.25 | — |
| 2026-10-01 | Sargent Ronald Director | Grant | 530 | $80.25 | — |
| 2026-07-15 | 2 co-filers Sr. EVP and Chief Risk Officer | Gift | 67,966 | $0.00 | $0 |
| 2026-07-15 | 2 co-filers |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.
| Giftindirect |
| 67,966 |
| $0.00 |
| $0 |
| 2026-07-01 | Hewett Wayne M. Director | Grant | 422 | $85.94 | — |
| 2026-07-01 | Black Steven D Director | Grant | 1,076 | $85.94 | — |
| 2026-07-01 | Sargent Ronald Director | Grant | 495 | $85.94 | — |
| 2026-06-15 | 3 co-filers SEVP & Head of Public Affairs | Option exercise | 17,218 | $0.00 | $0 |
| 2026-06-15 | 3 co-filers SEVP & Head of Public Affairs | Tax withholding | 8,079 | $83.73 | $676k |
| 2026-06-15 | 3 co-filers SEVP & Head of Public Affairs | Option exercise | 17,218 | $0.00 | — |
| 2026-05-14 | 2 co-filers Group filing | Gift | 89 | $0.00 | $0 |
| 2026-05-14 | 2 co-filers Group filing | Giftindirect | 89 | $0.00 | $0 |
| 2026-04-28 | Sargent Ronald Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Vautrinot Suzanne M Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Norwood Felicia F Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Morris Maria R Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Morken Cecelia Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Hewett Wayne M. Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Garcia Fabian T Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Davis Richard K Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Craver Theodore F Jr Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Chancy Mark A Director | Grant | 3,436 | $81.50 | — |
| 2026-04-28 | Black Steven D Director | Grant | 3,436 | $81.50 | — |
| 2026-04-01 | Sargent Ronald Director | Grant | 496 | $80.57 | — |
| 2026-04-01 | Hewett Wayne M. Director | Grant | 419 | $80.57 | — |
| 2026-04-01 | Clark Celeste A. Director | Grant | 341 | $80.57 | — |
| 2026-04-01 | Black Steven D Director | Grant | 1,117 | $80.57 | — |
| 2026-03-16 | Rivas Fernando Sr. Executive Vice President | Otherindirect | 39 | $1000.00 | $39k |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 47,480 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 58,141 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. EVP and Chief Risk Officer | Option exercise | 66,453 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 25,824 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 88,176 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 101,035 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Chairman and CEO | Option exercise | 379,767 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. EVP & CFO | Option exercise | 125,481 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. Executive Vice President | Option exercise | 60,915 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers SEVP & Chief Operating Officer | Option exercise | 98,678 | $0.00 | $0 |
| 2026-03-05 | 3 co-filers Sr. EVP and General Counsel | Option exercise | 97,259 | $0.00 | $0 |
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 90th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 12% against ROIC 6% — 6% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Income Tax | 6.6 | 6.8 | — | — | — | — | — | — |
| Net Income | 25.9 | 23.2 | — | — | — | — | — | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on WFC: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | not reported | 24.9% |
| FY2017 | not reported | not reported | 25.1% |
| FY2018 | not reported | not reported | 25.9% |
| FY2019 | not reported | not reported | 23.2% |
Leverage and buybacks account for 6 points of the 12% return on equity in FY2025. The business earns 6% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Cash conversion of 0.57x sits below the level that would make the earnings clearly cash-backed.
Reported free cash flow is -$19.00B; after share-based compensation it is -$20.48B. The difference is a real cost that the cash flow statement adds back.
Leverage is not measurable this way for a bank.
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025. No cash figure on the matching balance sheet, so no coverage line is drawn.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $83.40, free cash flow must compound 8.01%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −69.5% | 8.0% |
| FY2021 | −661.9% | 8.0% |
| FY2023 | 49.2% | 8.0% |
| FY2024 | −92.5% | 8.0% |
| FY2025 | −726.1% | 8.0% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $21.34B | $21.34B |
| Share-based comp | $1.48B | $22.81B |
| Other non-cash & working capital | −$41.81B | −$19.00B |
| Operating cash flow | −$19.00B | −$19.00B |
| Capex | $0 | −$19.00B |
| Free cash flow | −$19.00B | −$19.00B |
| FCF after SBC | −$20.48B | −$20.48B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | not reported | 30.8% | not reported |
| FY2021 | not reported | -45.4% | not reported |
| FY2022 | not reported | 13.5% | not reported |
| FY2023 | not reported | 29.2% | not reported |
| FY2024 | not reported | -35.8% | not reported |
| FY2025 | not reported | 0.2% | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 0.7 percent |
| FY2020 | 0.1 percent |
| FY2021 | 1.7 percent |
| FY2022 | -0.7 percent |
| FY2023 | -1.1 percent |
| FY2024 | 0.9 percent |
| FY2025 | 1.9 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.