Phillip Securities Maintains a Buy Rating on Wells Fargo & Company (WFC)

​Wells Fargo & Company (NYSE:WFC) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On October 21, Phillip Securities analyst Glenn Thum maintained a Buy rating on Wells Fargo & Company (NYSE:WFC) with a price target of $95.

​The analyst noted that the company, during its fiscal third quarter of 2025, showed a 9% year-over-year increase, driven by a growth in non-interest income and a significant reduction in provisions. In addition, the company also improved its income from higher card fees, investment advisory, brokerage commissions, and investment banking fees.

​Thum also highlighted Wells Fargo & Company’s (NYSE:WFC) strategic position, which has improved with the removal of asset caps by the Federal Reserve. The analyst noted that this allows the bank to expand its deposit base and lending capabilities. As a result, the company has improved its medium-term return on equity targets, reflecting an improved outlook.

​Wells Fargo & Company (NYSE:WFC) is a large financial services company offering banking, mortgage, and investment products.

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Disclosure: None. This article is originally published at Insider Monkey.