Wells Fargo Streamlines Capital Structure, Retires Series BB Preferred

Wells Fargo ( (WFC) ) has provided an update.

On March 17, 2026, Wells Fargo & Company eliminated the Certificate of Designation governing its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, from its Restated Certificate of Incorporation. By removing the Series BB Preferred terms that had been in place since January 22, 2021, the bank simplified its capital structure, signaling a completed step in managing its preferred equity profile and potentially enhancing balance sheet flexibility for stakeholders.

The most recent analyst rating on (WFC) stock is a Buy with a $94.00 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 sharply negative 2025 operating cash flow) and bearish technical momentum (price below key moving averages with negative MACD). Offsetting factors include reasonable valuation metrics and a constructive earnings-call outlook for 2026 NII growth and capital targets, with corporate updates mildly supportive.

To see Spark’s full report on WFC stock, click here.

More about Wells Fargo

Wells Fargo & Company is a diversified U.S. financial services firm operating as a major bank holding company, providing retail and commercial banking, lending, wealth management, and related financial products. The company serves consumers, small businesses, and institutional clients across domestic and international markets through a broad branch and digital network.

Average Trading Volume: 16,471,785

Technical Sentiment Signal: Buy

Current Market Cap: $233.7B

For detailed information about WFC stock, go to TipRanks’ Stock Analysis page.