Steven D. Black, an insider at Wells Fargo & Co (WFC), purchased 54,000 shares of the company's stock on September 30, 2025, at a price of $80.87 per share, totaling $4.37 million. Following this transaction, Black now holds 54,000 shares of Wells Fargo.
Wells Fargo, a diversified financial services company headquartered in San Francisco, operates in the banking industry with a market capitalization of $270.1 billion. The firm offers a wide range of financial products and services through its four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. As of November 20, 2025, Wells Fargo has a P/E ratio of 12.83 and an EPS of 6.40, with a dividend yield of 207.0%.
This insider purchase suggests a potential confidence in the company's future. However, investors should consider such transactions in the context of broader insider trading patterns and other financial metrics. Upcoming earnings are scheduled for April 14, 2026, with an estimated EPS of $1.55 and revenue of $21.9 billion, and again on July 14, 2026, with an estimated EPS of $1.78 and revenue of $22.2 billion.