Stocks / Alpha Vantage News Sentiment

Wells Fargo (WFC) Added to Goldman Sachs Conviction List

Goldman Sachs has added Wells Fargo & Company (NYSE: WFC) to its US Conviction List, citing the company's shift "from defense to offense" and expected balance sheet improvements. The firm maintained a Buy rating on WFC with a $93 price target. Wells Fargo also recently completed the Federal Reserve's 2026 supervisory stress test and plans to increase its quarterly common stock dividend by 11% to $0.50 per share.