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Wells Fargo ( (WFC) ) has provided an update.
On March 16, 2026, Wells Fargo & Company designated a new series of preferred stock under its existing authority to issue preferred shares without par value. The company filed a Certificate of Designation in Delaware establishing its 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, which took effect upon filing.
The new Series GG Preferred Stock authorizes 90,000 non-cumulative perpetual Class A shares with a liquidation preference of $25,000 per share. The filing also defines the specific voting powers, preferences, rights, and limitations of the Series GG Preferred Stock that are not already set by Wells Fargo’s Restated Certificate of Incorporation.
The most recent analyst rating on (WFC) stock is a Hold with a $79.00 price target. To see the full list of analyst forecasts on Wells Fargo stock, see the WFC Stock Forecast page.
Spark’s Take on WFC Stock
According to Spark, TipRanks’ AI Analyst, WFC is a Neutral.
The score is held back primarily by weak and volatile cash flow (including a large negative operating cash flow in 2025) and bearish technical momentum (below key moving averages with negative MACD). Offsetting factors are constructive earnings-call guidance (higher 2026 NII and growth targets with strong capital metrics) and a reasonable valuation (P/E ~13.9 with a ~2.31% yield), with corporate events providing a smaller incremental positive.
To see Spark’s full report on WFC stock, click here.
More about Wells Fargo
Wells Fargo & Company is a diversified financial services institution that issues various classes of preferred stock as part of its capital structure. The company’s Restated Certificate of Incorporation authorizes it to create and designate new series of preferred shares from time to time to support its financing and capital management needs.
Average Trading Volume: 16,579,005
Technical Sentiment Signal: Buy
Current Market Cap: $235.2B
Find detailed analytics on WFC stock on TipRanks’ Stock Analysis page.