Jefferies has given Wells Fargo a Buy rating with a $100 price target, highlighting its recovery potential following the lifting of regulatory restrictions. The bank's growth is supported by its AI assistant Fargo, which has processed over 1 billion interactions.

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2026-04-21 06:01:08

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Jefferies has initiated a Buy rating on Wells Fargo & Company (WFC) with a $100 price target, citing the bank’s multi-year recovery potential after regulators lifted its asset cap in June 2025 and ended key consent orders. The firm believes the removal of these restrictions allows WFC to expand its balance sheet, reduce operating costs, and grow fee income. Additionally, Wells Fargo announced that its AI-powered virtual assistant, Fargo, has processed over 1 billion customer interactions since 2023, and the bank has more than 33 million mobile active users.

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Here’s Why Jefferies Remains a Buy on Wells Fargo & Company (WFC)

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