<p>富国银行（Wells Fargo）纽约证券交易所代码：WFC 在过去十年中大部分时间都在道歉。一场虚假账户丑闻使该银行失去了声誉，失去了首席执行官，支付了数十亿美元的罚款，最重要的是，遭到美联储施加的资产上限，这冻结了其资产负债表。</p>
<p>现在，在资产上限终于解除后的几个季度里，今年有强烈迹象表明，宽容的客户正在回归，数据也令人信服。随着这些势头的出现，分析师对富国银行给予了谨慎的推荐。</p>
<p>获取 <strong>Wells Fargo  Company</strong> 的提醒：</p>
<h2>富国银行再次增长</h2>
<p>毫无疑问，自从美联储在 2025 年中期放松管制以来，该银行已经苏醒。第一季度的净收入为 53 亿美元，或每股 1.60 美元，较去年同期的 49 亿美元和每股 1.39 美元有所上升，超出了分析师的预期。总收入同比增长 6%，达到 214 亿美元，略低于分析师的预期。</p>
<p>收入的两个支柱都出现了健康的增长。净利息收入，即支付给存款人的利息与向借款人收取的利息之间的差额，增长了 5%，约为 6 亿美元。来自财富管理、信用卡和投资银行的非利息收入增长更快，增长了 8%，达到 94 亿美元。从消费贷款和商业银行到企业和投资银行以及财富管理，各个领域的收入在这一年中都显著增长。</p>
<h2>美联储的资产上限终于解除</h2>
<p>推动增长的主要因素是美联储决定解除自 2018 年以来限制该银行的 1.95 万亿美元资产上限。监管机构此前发现，员工为了满足激进的销售目标，开设了数百万个未经授权的账户，导致了广泛的消费者滥用和合规失败。</p>
<p>这一上限被视为对大型机构的极端惩罚，阻止了该银行扩大其资产负债表。竞争对手如美国银行（Bank of America）纽约证券交易所代码：BAC 和摩根大通（JPMorgan Chase）纽约证券交易所代码：JPM 迅速利用了这一机会。</p>
<p>去年解除上限的决定，实质上是承认富国银行已经进行了足够的整改，可以像正常银行一样对待。</p>
<p>资产负债表的自由已经在数字中显现。第一季度的平均资产从去年同期的 1.92 万亿美元上升了 13%，达到 2.17 万亿美元。同比贷款增长达到 11%，而存款在今年前三个月同比增长了 7%。</p>
<h2>银行再次回馈股东</h2>
<p>增强信心的举措还包括回馈股东。公司在第一季度回购了 40 亿美元的普通股。董事会最近宣布了每股 45 美分的季度普通股股息，将于 6 月 1 日支付，股息收益率在 2.2% 到 2.3% 之间，具有竞争力。</p>
<p>在 2 月份，该银行还通过宣布全额赎回 35 亿美元的优先股，显示出对其资产负债表的更大信心。通过用更灵活的普通股替代昂贵的固定利率证券，富国银行表明了对其资本水平和业务预期健康的信心。</p>
<h2>信贷风险和利润压力依然存在</h2>
<p>尽管许多数字呈现积极趋势，但挑战和风险依然明显。该银行的整体信贷质量似乎在改善，但第一季度的信贷损失准备金同比上升了 22%。为可能出现问题的贷款预留的 11 亿美元可能过于谨慎，或者是未来问题的迹象。</p>
<p>富国银行的净利息利润率也仍然面临压力，这意味着该银行在贷款活动中获得的利差比去年小。利润率从去年的 2.67% 缩小至 2.47%，减少了 20 个基点。因此，尽管净利息收入总体上在上升，非利息收入可能需要开始弥补一些差距。</p>
<p>展望未来，该银行的管理层表示，预计未来几个月利润率将进一步收缩，尽管全年净利息收入应增长约 5%，具体取决于美联储的任何行动。</p>
<h2>分析师仍然看到显著的上行空间</h2>
<p>银行的初步增长与仍然存在的风险之间的这种分歧使分析师倾向于给予适度买入的评级，但意见分歧。15 个买入评级中，另外 10 位分析师将其评级为持有。共识的 12 个月目标价为每股 97.53 美元，具有超过 20% 的可观上行潜力。</p>
<p>今年该银行的股票已经经历了显著波动，金融行业的许多股票也是如此。由于对可能降低利率的预期，年初时许多银行的股票处于高位。但随着降息前景越来越不太可能，以及 3 月份伊朗战争的爆发，行业情绪转向负面。富国银行的股票在 1 月初已接近 100 美元，自年初以来下跌了约 15%。12 个月的目标价将使其回到早期水平。</p>
<h2>富国银行的声誉重建现在正面临考验</h2>
<p>富国银行花费了近十年的时间来重新赢得被认真对待的权利。问题是，这个时刻是否已经到来。</p>
<p>随着资产上限的解除、贷款增长的加速和资本回报的扩大，该银行不再仅仅是一个复苏故事。它开始看起来像一个完成的故事。尽管风险依然存在，但以大约 12 倍的历史收益和超过 2% 的股息收益率，该股票似乎已经将不确定性考虑在内。对于耐心的投资者来说，这可能是一个合理的交易。</p>
<h2>你现在应该投资 1000 美元在富国银行  Company 吗？</h2>
<p>在考虑富国银行  Company 之前，你会想听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而富国银行并不在名单上。</p>
<p>虽然富国银行目前在分析师中获得了中等买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

富国银行

3 倍做多美国大银行 ETN - MicroSectors

<p>富国银行的股票因贷款增长加速和股东回报上升而受到关注，此前美联储解除了一项资产上限。该银行报告第一季度净收入为 53 亿美元，较去年同期的 49 亿美元有所增长，总收入增长 6%，达到 214 亿美元。尽管趋势积极，但仍面临挑战，包括信贷损失准备金上升 22% 以及净利差承压。分析师建议适度买入，12 个月目标价为 97.53 美元，显示出超过 20% 的上涨潜力</p>

<p>Wells Fargo NYSE: WFC has spent much of the decade apologizing. A fake-accounts scandal cost the bank its reputation, its CEO, billions in fines, and most powerfully, a Fed-imposed asset cap that froze its balance sheet.</p>
<div class="lb-trans"><p>富国银行（Wells Fargo）纽约证券交易所代码：WFC 在过去十年中大部分时间都在道歉。一场虚假账户丑闻使该银行失去了声誉，失去了首席执行官，支付了数十亿美元的罚款，最重要的是，遭到美联储施加的资产上限，这冻结了其资产负债表。</p>
</div><p>Now, with a few quarters behind it since the cap was finally lifted, there are strong signs this year that forgiving customers are returning, and the numbers are compelling. With these signs of momentum, analysts are giving Wells Fargo a cautious recommendation.</p>
<div class="lb-trans"><p>现在，在资产上限终于解除后的几个季度里，今年有强烈迹象表明，宽容的客户正在回归，数据也令人信服。随着这些势头的出现，分析师对富国银行给予了谨慎的推荐。</p>
</div><p>Get <strong>Wells Fargo &amp; Company</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>Wells Fargo  Company</strong> 的提醒：</p>
</div><h2>Wells Fargo Is Growing Again</h2>
<div class="lb-trans"><h2>富国银行再次增长</h2>
</div><p>There’s little doubt the bank has woken up since the Federal Reserve loosened its reins in mid-2025. Net income for the first quarter came in at $5.3 billion, or $1.60 per share, up from $4.9 billion and $1.39 a year earlier, beating what analysts expected. Total revenue climbed 6% year-over-year to $21.4 billion, just below analysts’ estimates.</p>
<div class="lb-trans"><p>毫无疑问，自从美联储在 2025 年中期放松管制以来，该银行已经苏醒。第一季度的净收入为 53 亿美元，或每股 1.60 美元，较去年同期的 49 亿美元和每股 1.39 美元有所上升，超出了分析师的预期。总收入同比增长 6%，达到 214 亿美元，略低于分析师的预期。</p>
</div><p>Both pillars of income saw healthy increases. Net interest income, or the difference between what it pays depositors and what it charges borrowers, rose 5% or by roughly $600 million. Non-interest income from fees for wealth management, credit cards, and investment banking rose even faster, up 8% to $9.4 billion. From consumer lending and commercial banking to corporate and investment banking and wealth management, each saw revenue rise convincingly through the year.</p>
<div class="lb-trans"><p>收入的两个支柱都出现了健康的增长。净利息收入，即支付给存款人的利息与向借款人收取的利息之间的差额，增长了 5%，约为 6 亿美元。来自财富管理、信用卡和投资银行的非利息收入增长更快，增长了 8%，达到 94 亿美元。从消费贷款和商业银行到企业和投资银行以及财富管理，各个领域的收入在这一年中都显著增长。</p>
</div><h2>The Fed’s Asset Cap Finally Came Off</h2>
<div class="lb-trans"><h2>美联储的资产上限终于解除</h2>
</div><p>Driving the growth more than any other event was the Federal Reserve's decision to lift the $1.95 trillion asset cap that had constrained the bank since 2018. Regulators had previously found that employees opened millions of unauthorized accounts to meet aggressive sales targets, resulting in widespread consumer abuses and compliance failures.</p>
<div class="lb-trans"><p>推动增长的主要因素是美联储决定解除自 2018 年以来限制该银行的 1.95 万亿美元资产上限。监管机构此前发现，员工为了满足激进的销售目标，开设了数百万个未经授权的账户，导致了广泛的消费者滥用和合规失败。</p>
</div><p>The resulting cap, considered an extraordinary punishment rarely put on a major institution, prevented the bank from growing its balance sheet. Competitors like Bank of America NYSE: BAC and JPMorgan Chase NYSE: JPM quickly took advantage.</p>
<div class="lb-trans"><p>这一上限被视为对大型机构的极端惩罚，阻止了该银行扩大其资产负债表。竞争对手如美国银行（Bank of America）纽约证券交易所代码：BAC 和摩根大通（JPMorgan Chase）纽约证券交易所代码：JPM 迅速利用了这一机会。</p>
</div><p>The decision to lift the cap last year was, in essence, an acknowledgment that Wells Fargo had done enough remediation to be treated like a normal bank again.</p>
<div class="lb-trans"><p>去年解除上限的决定，实质上是承认富国银行已经进行了足够的整改，可以像正常银行一样对待。</p>
</div><p>The balance sheet freedom is already showing up in the numbers. Average assets for the first quarter rose 13% to $2.17 trillion from the sub-cap level of $1.92 trillion a year earlier. Year-over-year (YOY) loan growth reached 11% while deposits grew 7% in this year’s first three months YOY.</p>
<div class="lb-trans"><p>资产负债表的自由已经在数字中显现。第一季度的平均资产从去年同期的 1.92 万亿美元上升了 13%，达到 2.17 万亿美元。同比贷款增长达到 11%，而存款在今年前三个月同比增长了 7%。</p>
</div><h2>The Bank Is Rewarding Shareholders Again</h2>
<div class="lb-trans"><h2>银行再次回馈股东</h2>
</div><p>The push to bolster confidence also includes rewarding shareholders. The company bought back $4 billion in common stock in the first quarter. And the board recently declared another quarterly common dividend of 45 cents per share, payable June 1, translating to a competitive dividend yield between 2.2% and 2.3%.</p>
<div class="lb-trans"><p>增强信心的举措还包括回馈股东。公司在第一季度回购了 40 亿美元的普通股。董事会最近宣布了每股 45 美分的季度普通股股息，将于 6 月 1 日支付，股息收益率在 2.2% 到 2.3% 之间，具有竞争力。</p>
</div><p>In February, the bank also signaled greater confidence in its balance sheet by announcing the full redemption of $3.5 billion in preferred stock. By replacing expensive, fixed-rate securities with more flexible common equity, Wells Fargo signaled confidence in its capital levels and the expected health of its business.</p>
<div class="lb-trans"><p>在 2 月份，该银行还通过宣布全额赎回 35 亿美元的优先股，显示出对其资产负债表的更大信心。通过用更灵活的普通股替代昂贵的固定利率证券，富国银行表明了对其资本水平和业务预期健康的信心。</p>
</div><h2>Credit Risks and Margin Pressure Remain</h2>
<div class="lb-trans"><h2>信贷风险和利润压力依然存在</h2>
</div><p>Despite the positive direction for many of the numbers, challenges and risks remain apparent. The bank’s credit quality overall appears to be improving, but the provision for credit losses rose a steep 22% in the first quarter compared with a year ago. That $1.1 billion set aside for possible troubled loans could be overly cautious or a sign of things to come.</p>
<div class="lb-trans"><p>尽管许多数字呈现积极趋势，但挑战和风险依然明显。该银行的整体信贷质量似乎在改善，但第一季度的信贷损失准备金同比上升了 22%。为可能出现问题的贷款预留的 11 亿美元可能过于谨慎，或者是未来问题的迹象。</p>
</div><p>Wells Fargo’s net interest margin also remains under pressure, meaning the bank is earning a smaller difference on its lending activity than it did a year ago. The margin shrank 20 basis points to 2.47% from 2.67% in the first quarter last year. So, while net interest income overall was rising, non-interest income may need to start making up some gaps.</p>
<div class="lb-trans"><p>富国银行的净利息利润率也仍然面临压力，这意味着该银行在贷款活动中获得的利差比去年小。利润率从去年的 2.67% 缩小至 2.47%，减少了 20 个基点。因此，尽管净利息收入总体上在上升，非利息收入可能需要开始弥补一些差距。</p>
</div><p>Looking ahead, the bank’s management has said it expects further margin contraction in the months ahead, though net interest income for the year should rise about 5%, depending on any Fed action.</p>
<div class="lb-trans"><p>展望未来，该银行的管理层表示，预计未来几个月利润率将进一步收缩，尽管全年净利息收入应增长约 5%，具体取决于美联储的任何行动。</p>
</div><h2>Analysts Still See Significant Upside</h2>
<div class="lb-trans"><h2>分析师仍然看到显著的上行空间</h2>
</div><p>This split between the bank’s nascent growth spurt and the risks that remain has analysts leaning to a Moderate Buy, but with a split of opinions. With 15 Buy ratings, 10 other analysts are rating it a Hold. The consensus 12-month price target is $97.53 per share, a respectable upside potential of over 20%.</p>
<div class="lb-trans"><p>银行的初步增长与仍然存在的风险之间的这种分歧使分析师倾向于给予适度买入的评级，但意见分歧。15 个买入评级中，另外 10 位分析师将其评级为持有。共识的 12 个月目标价为每股 97.53 美元，具有超过 20% 的可观上行潜力。</p>
</div><p>The bank has already seen its stock fluctuate significantly this year, as have many others in the financial sector. Expectations of possible lower interest rates had many bank shares at high levels as the year started. But with the prospect of rate cuts increasingly unlikely, and the onset of the war in Iran in March, industry sentiment took a negative turn. Shares in Wells Fargo, which already climbed near $100 in early January, have fallen about 15% since the start of the year. The 12-month price target would return it to earlier levels.</p>
<div class="lb-trans"><p>今年该银行的股票已经经历了显著波动，金融行业的许多股票也是如此。由于对可能降低利率的预期，年初时许多银行的股票处于高位。但随着降息前景越来越不太可能，以及 3 月份伊朗战争的爆发，行业情绪转向负面。富国银行的股票在 1 月初已接近 100 美元，自年初以来下跌了约 15%。12 个月的目标价将使其回到早期水平。</p>
</div><h2>Wells Fargo’s Reputation Rebuild Is Now Being Tested</h2>
<div class="lb-trans"><h2>富国银行的声誉重建现在正面临考验</h2>
</div><p>Wells Fargo has spent the better part of a decade earning back the right to be taken seriously again. The question is whether that time has come.</p>
<div class="lb-trans"><p>富国银行花费了近十年的时间来重新赢得被认真对待的权利。问题是，这个时刻是否已经到来。</p>
</div><p>With the asset cap lifted, loan growth accelerating, and capital returns expanding, the bank is no longer just a comeback story. It is beginning to look like a completed one. And while risks remain, at roughly 12 times trailing earnings and a dividend yield above 2%, the stock appears to have priced in uncertainties. For patient investors, that may be a reasonable trade.</p>
<div class="lb-trans"><p>随着资产上限的解除、贷款增长的加速和资本回报的扩大，该银行不再仅仅是一个复苏故事。它开始看起来像一个完成的故事。尽管风险依然存在，但以大约 12 倍的历史收益和超过 2% 的股息收益率，该股票似乎已经将不确定性考虑在内。对于耐心的投资者来说，这可能是一个合理的交易。</p>
</div><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在富国银行  Company 吗？</h2>
</div><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑富国银行  Company 之前，你会想听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo &amp; Company wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已经识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而富国银行并不在名单上。</p>
</div><p>While Wells Fargo &amp; Company currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然富国银行目前在分析师中获得了中等买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

富国银行的复苏确实存在——但并非没有风险