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logoMorningstar•November 30, 2020

Wells Fargo & Company: Some Thoughts on U.S. Traditional Bank Valuations and Calls Heading into the Final Month of 2020

Symbols
WFC
Sector(s)
Financial Services
Rating
Current Price
$60.94
Fair Value
Economic Moat
Stewardship
Summary

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management. The community banking segment serves consumers and small businesses with products including deposit accounts, credit and debit cards, and student, mortgage, and home equity loans. Wholesale banking includes corporate and commercial real estate lending, asset-based lending and trade financing, merchant

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Analyst Profile

Eric Compton

Equity Analyst
Eric Compton, CFA, is an equity analyst for Morningstar Research Services LLC, covering the U.S. and Canadian banking sectors, including the U.S. money center banks, U.S. regional banks, and the Big Six Canadian banks.Before joining Morningstar in 2015, Compton was a business analyst for ESIS, a global provider of risk management products and a subsidiary of ACE Group. Compton holds a bachelor's degree in applied health science from Wheaton College. He has passed all three levels of the Chartered Financial Analyst® program and holds the Chartered Financial Analyst® designation.