<p>富國銀行（Wells Fargo）紐約證券交易所代碼：WFC 在過去十年中大部分時間都在道歉。一場虛假賬户醜聞使該銀行失去了聲譽，失去了首席執行官，支付了數十億美元的罰款，最重要的是，遭到美聯儲施加的資產上限，這凍結了其資產負債表。</p>
<p>現在，在資產上限終於解除後的幾個季度裏，今年有強烈跡象表明，寬容的客户正在迴歸，數據也令人信服。隨着這些勢頭的出現，分析師對富國銀行給予了謹慎的推薦。</p>
<p>獲取 <strong>Wells Fargo  Company</strong> 的提醒：</p>
<h2>富國銀行再次增長</h2>
<p>毫無疑問，自從美聯儲在 2025 年中期放松管制以來，該銀行已經甦醒。第一季度的淨收入為 53 億美元，或每股 1.60 美元，較去年同期的 49 億美元和每股 1.39 美元有所上升，超出了分析師的預期。總收入同比增長 6%，達到 214 億美元，略低於分析師的預期。</p>
<p>收入的兩個支柱都出現了健康的增長。淨利息收入，即支付給存款人的利息與向借款人收取的利息之間的差額，增長了 5%，約為 6 億美元。來自財富管理、信用卡和投資銀行的非利息收入增長更快，增長了 8%，達到 94 億美元。從消費貸款和商業銀行到企業和投資銀行以及財富管理，各個領域的收入在這一年中都顯著增長。</p>
<h2>美聯儲的資產上限終於解除</h2>
<p>推動增長的主要因素是美聯儲決定解除自 2018 年以來限制該銀行的 1.95 萬億美元資產上限。監管機構此前發現，員工為了滿足激進的銷售目標，開設了數百萬個未經授權的賬户，導致了廣泛的消費者濫用和合規失敗。</p>
<p>這一上限被視為對大型機構的極端懲罰，阻止了該銀行擴大其資產負債表。競爭對手如美國銀行（Bank of America）紐約證券交易所代碼：BAC 和摩根大通（JPMorgan Chase）紐約證券交易所代碼：JPM 迅速利用了這一機會。</p>
<p>去年解除上限的決定，實質上是承認富國銀行已經進行了足夠的整改，可以像正常銀行一樣對待。</p>
<p>資產負債表的自由已經在數字中顯現。第一季度的平均資產從去年同期的 1.92 萬億美元上升了 13%，達到 2.17 萬億美元。同比貸款增長達到 11%，而存款在今年前三個月同比增長了 7%。</p>
<h2>銀行再次回饋股東</h2>
<p>增強信心的舉措還包括回饋股東。公司在第一季度回購了 40 億美元的普通股。董事會最近宣佈了每股 45 美分的季度普通股股息，將於 6 月 1 日支付，股息收益率在 2.2% 到 2.3% 之間，具有競爭力。</p>
<p>在 2 月份，該銀行還通過宣佈全額贖回 35 億美元的優先股，顯示出對其資產負債表的更大信心。通過用更靈活的普通股替代昂貴的固定利率證券，富國銀行表明了對其資本水平和業務預期健康的信心。</p>
<h2>信貸風險和利潤壓力依然存在</h2>
<p>儘管許多數字呈現積極趨勢，但挑戰和風險依然明顯。該銀行的整體信貸質量似乎在改善，但第一季度的信貸損失準備金同比上升了 22%。為可能出現問題的貸款預留的 11 億美元可能過於謹慎，或者是未來問題的跡象。</p>
<p>富國銀行的淨利息利潤率也仍然面臨壓力，這意味着該銀行在貸款活動中獲得的利差比去年小。利潤率從去年的 2.67% 縮小至 2.47%，減少了 20 個基點。因此，儘管淨利息收入總體上在上升，非利息收入可能需要開始彌補一些差距。</p>
<p>展望未來，該銀行的管理層表示，預計未來幾個月利潤率將進一步收縮，儘管全年淨利息收入應增長約 5%，具體取決於美聯儲的任何行動。</p>
<h2>分析師仍然看到顯著的上行空間</h2>
<p>銀行的初步增長與仍然存在的風險之間的這種分歧使分析師傾向於給予適度買入的評級，但意見分歧。15 個買入評級中，另外 10 位分析師將其評級為持有。共識的 12 個月目標價為每股 97.53 美元，具有超過 20% 的可觀上行潛力。</p>
<p>今年該銀行的股票已經經歷了顯著波動，金融行業的許多股票也是如此。由於對可能降低利率的預期，年初時許多銀行的股票處於高位。但隨着降息前景越來越不太可能，以及 3 月份伊朗戰爭的爆發，行業情緒轉向負面。富國銀行的股票在 1 月初已接近 100 美元，自年初以來下跌了約 15%。12 個月的目標價將使其回到早期水平。</p>
<h2>富國銀行的聲譽重建現在正面臨考驗</h2>
<p>富國銀行花費了近十年的時間來重新贏得被認真對待的權利。問題是，這個時刻是否已經到來。</p>
<p>隨着資產上限的解除、貸款增長的加速和資本回報的擴大，該銀行不再僅僅是一個復甦故事。它開始看起來像一個完成的故事。儘管風險依然存在，但以大約 12 倍的歷史收益和超過 2% 的股息收益率，該股票似乎已經將不確定性考慮在內。對於耐心的投資者來説，這可能是一個合理的交易。</p>
<h2>你現在應該投資 1000 美元在富國銀行  Company 嗎？</h2>
<p>在考慮富國銀行  Company 之前，你會想聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻頂級分析師悄悄建議客户現在購買的股票，以便在更廣泛的市場注意到之前……而富國銀行並不在名單上。</p>
<p>雖然富國銀行目前在分析師中獲得了中等買入評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>在這裏查看這五隻股票</p>

富國銀行

3 倍做多美國大銀行 ETN - MicroSectors

<p>富國銀行的股票因貸款增長加速和股東回報上升而受到關注，此前美聯儲解除了一項資產上限。該銀行報告第一季度淨收入為 53 億美元，較去年同期的 49 億美元有所增長，總收入增長 6%，達到 214 億美元。儘管趨勢積極，但仍面臨挑戰，包括信貸損失準備金上升 22% 以及淨利差承壓。分析師建議適度買入，12 個月目標價為 97.53 美元，顯示出超過 20% 的上漲潛力</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>富國銀行（Wells Fargo）紐約證券交易所代碼：WFC 在過去十年中大部分時間都在道歉。一場虛假賬户醜聞使該銀行失去了聲譽，失去了首席執行官，支付了數十億美元的罰款，最重要的是，遭到美聯儲施加的資產上限，這凍結了其資產負債表。</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>現在，在資產上限終於解除後的幾個季度裏，今年有強烈跡象表明，寬容的客户正在迴歸，數據也令人信服。隨着這些勢頭的出現，分析師對富國銀行給予了謹慎的推薦。</p>
</div><p>Get <strong>Wells Fargo &amp; Company</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <strong>Wells Fargo  Company</strong> 的提醒：</p>
</div><h2>Wells Fargo Is Growing Again</h2>
<div class="lb-trans"><h2>富國銀行再次增長</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>毫無疑問，自從美聯儲在 2025 年中期放松管制以來，該銀行已經甦醒。第一季度的淨收入為 53 億美元，或每股 1.60 美元，較去年同期的 49 億美元和每股 1.39 美元有所上升，超出了分析師的預期。總收入同比增長 6%，達到 214 億美元，略低於分析師的預期。</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>收入的兩個支柱都出現了健康的增長。淨利息收入，即支付給存款人的利息與向借款人收取的利息之間的差額，增長了 5%，約為 6 億美元。來自財富管理、信用卡和投資銀行的非利息收入增長更快，增長了 8%，達到 94 億美元。從消費貸款和商業銀行到企業和投資銀行以及財富管理，各個領域的收入在這一年中都顯著增長。</p>
</div><h2>The Fed’s Asset Cap Finally Came Off</h2>
<div class="lb-trans"><h2>美聯儲的資產上限終於解除</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>推動增長的主要因素是美聯儲決定解除自 2018 年以來限制該銀行的 1.95 萬億美元資產上限。監管機構此前發現，員工為了滿足激進的銷售目標，開設了數百萬個未經授權的賬户，導致了廣泛的消費者濫用和合規失敗。</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>這一上限被視為對大型機構的極端懲罰，阻止了該銀行擴大其資產負債表。競爭對手如美國銀行（Bank of America）紐約證券交易所代碼：BAC 和摩根大通（JPMorgan Chase）紐約證券交易所代碼：JPM 迅速利用了這一機會。</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>去年解除上限的決定，實質上是承認富國銀行已經進行了足夠的整改，可以像正常銀行一樣對待。</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>資產負債表的自由已經在數字中顯現。第一季度的平均資產從去年同期的 1.92 萬億美元上升了 13%，達到 2.17 萬億美元。同比貸款增長達到 11%，而存款在今年前三個月同比增長了 7%。</p>
</div><h2>The Bank Is Rewarding Shareholders Again</h2>
<div class="lb-trans"><h2>銀行再次回饋股東</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>增強信心的舉措還包括回饋股東。公司在第一季度回購了 40 億美元的普通股。董事會最近宣佈了每股 45 美分的季度普通股股息，將於 6 月 1 日支付，股息收益率在 2.2% 到 2.3% 之間，具有競爭力。</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，該銀行還通過宣佈全額贖回 35 億美元的優先股，顯示出對其資產負債表的更大信心。通過用更靈活的普通股替代昂貴的固定利率證券，富國銀行表明了對其資本水平和業務預期健康的信心。</p>
</div><h2>Credit Risks and Margin Pressure Remain</h2>
<div class="lb-trans"><h2>信貸風險和利潤壓力依然存在</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>儘管許多數字呈現積極趨勢，但挑戰和風險依然明顯。該銀行的整體信貸質量似乎在改善，但第一季度的信貸損失準備金同比上升了 22%。為可能出現問題的貸款預留的 11 億美元可能過於謹慎，或者是未來問題的跡象。</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>富國銀行的淨利息利潤率也仍然面臨壓力，這意味着該銀行在貸款活動中獲得的利差比去年小。利潤率從去年的 2.67% 縮小至 2.47%，減少了 20 個基點。因此，儘管淨利息收入總體上在上升，非利息收入可能需要開始彌補一些差距。</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>展望未來，該銀行的管理層表示，預計未來幾個月利潤率將進一步收縮，儘管全年淨利息收入應增長約 5%，具體取決於美聯儲的任何行動。</p>
</div><h2>Analysts Still See Significant Upside</h2>
<div class="lb-trans"><h2>分析師仍然看到顯著的上行空間</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>銀行的初步增長與仍然存在的風險之間的這種分歧使分析師傾向於給予適度買入的評級，但意見分歧。15 個買入評級中，另外 10 位分析師將其評級為持有。共識的 12 個月目標價為每股 97.53 美元，具有超過 20% 的可觀上行潛力。</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>今年該銀行的股票已經經歷了顯著波動，金融行業的許多股票也是如此。由於對可能降低利率的預期，年初時許多銀行的股票處於高位。但隨着降息前景越來越不太可能，以及 3 月份伊朗戰爭的爆發，行業情緒轉向負面。富國銀行的股票在 1 月初已接近 100 美元，自年初以來下跌了約 15%。12 個月的目標價將使其回到早期水平。</p>
</div><h2>Wells Fargo’s Reputation Rebuild Is Now Being Tested</h2>
<div class="lb-trans"><h2>富國銀行的聲譽重建現在正面臨考驗</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>富國銀行花費了近十年的時間來重新贏得被認真對待的權利。問題是，這個時刻是否已經到來。</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>隨着資產上限的解除、貸款增長的加速和資本回報的擴大，該銀行不再僅僅是一個復甦故事。它開始看起來像一個完成的故事。儘管風險依然存在，但以大約 12 倍的歷史收益和超過 2% 的股息收益率，該股票似乎已經將不確定性考慮在內。對於耐心的投資者來説，這可能是一個合理的交易。</p>
</div><h2>Should You Invest $1,000 in Wells Fargo &amp; Company Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在富國銀行  Company 嗎？</h2>
</div><p>Before you consider Wells Fargo &amp; Company, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮富國銀行  Company 之前，你會想聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已經識別出五隻頂級分析師悄悄建議客户現在購買的股票，以便在更廣泛的市場注意到之前……而富國銀行並不在名單上。</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>雖然富國銀行目前在分析師中獲得了中等買入評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

富國銀行的復甦確實存在——但並非沒有風險