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The latest announcement is out from Wells Fargo ( (WFC) ).
On January 13, 2026, the U.S. District Court for the Northern District of California granted preliminary approval for a proposed settlement of shareholder derivative litigation against Wells Fargo & Company tied to the bank’s home mortgage lending and diversity-related hiring practices. The consolidated action, filed beginning in September 2022, alleged that certain current and former directors breached fiduciary duties by failing to adequately oversee fair lending controls and by allowing allegedly misleading statements about hiring practices that led the company to repurchase stock at inflated prices; the defendants deny all allegations. Following extensive motion practice, including partial dismissals in 2024 and early 2025, broad discovery, and expert work on lending practices, governance, and damages, the parties entered mediation in August 2025 and ultimately reached a settlement under which any benefits will accrue to Wells Fargo itself rather than directly to individual shareholders. The court has scheduled a settlement hearing for May 5, 2026, to assess whether the deal is fair and in the best interests of the company and its investors, a step that, if finalized, would remove a significant strand of ongoing governance and conduct litigation facing the bank and clarify potential exposure tied to its mortgage and diversity practices.
The most recent analyst rating on (WFC) stock is a Hold with a $97.00 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 Outperform.
The score is driven primarily by solid profitability and a constructive earnings outlook (higher NII target, growth initiatives, and strong capital position). Offsetting factors are elevated leverage and notably weak TTM cash flow, while technicals are positive but not strongly overextended and valuation appears reasonable with a modest dividend yield.
To see Spark’s full report on WFC stock, click here.
More about Wells Fargo
Wells Fargo & Company is a large U.S.-based diversified financial services firm operating primarily in banking, lending, and related financial services, with substantial exposure to consumer home mortgage lending and a stated focus on corporate governance and diversity-related hiring practices that have drawn regulatory, legal, and shareholder scrutiny in recent years.
Average Trading Volume: 14,575,371
Technical Sentiment Signal: Buy
Current Market Cap: $272B
For detailed information about WFC stock, go to TipRanks’ Stock Analysis page.