How to buy Wells Fargo (WFC) stock

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Jul 6, 2023

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A big part of learning how to buy Wells Fargo stocks is finding the best place to make your investment. Wells Fargo stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Wells Fargo when following our step by step guide.

Where to buy Wells Fargo stock?

The best stock trading platform to use to buy Wells Fargo stock is eToro .

Based on our research, we’ve ranked the top three brokers where you can buy Wells Fargo shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

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Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

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Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

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How to buy stock in Wells Fargo in 3 simple steps

Buying Wells Fargo stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to eToro

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eToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

Most Popular

1

• Save

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

Step 2. Make a deposit

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Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Wells Fargo shares

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Search for Wells Fargo using the ticker, WFC. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Wells Fargo and complete your purchase.

It’s as easy as that! You can buy Wells Fargo shares in just 10-15 minutes and now you’re a Wells Fargo shareholder.

Compare the best platforms to buy Wells Fargo stock

1. eToro. Best for beginners, copy-trading & demo-account

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No. assets

$10

Minimum deposit

Stocks

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

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77% of retail CFD accounts lose money.

Fundamental analysis of Wells Fargo shares

What is Wells Fargo’s total worth?

Wells Fargo’s total net worth is $182.06 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Wells Fargo’s share price performed in recent years?

The current Wells Fargo stock price today is $47.49, which is 28.38% below its all time high of $66.31, which it reached on 29 January, 2018. 

Overall, WFC is down 20.26%  over the last five years. The WFC share price is up 14.05% in 2023 with a 52 week high of $56.12 and a 52 week low of $36.54.

What is Wells Fargo’s EPS?

Wells Fargo’s EPS is $3.14. EPS stands for earnings per share and is calculated by dividing Wells Fargo’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Wells Fargo P/E ratio?

Wells Fargo’s P/E ratio is 15.12. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Wells Fargo’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Wells Fargo’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Wells Fargo’s dividend yield?

Wells Fargo’s dividend yield is 2.53%. The dividend yield tells you how much of Wells Fargo’s share price it gives back to shareholders in dividend payments every year.

Is Wells Fargo stock a buy or sell?

The indicator below shows you live technical ratings for Wells Fargo stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Wells Fargo to help you decide whether to buy Wells Fargo shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Wells Fargo a good investment for me? 

The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Wells Fargo.

• Wells Fargo is one of the largest banks in the world. Wells Fargo offers various financial services, including banking, cards, loans, and mortgages. It’s one of the biggest banks globally, with nearly $2 trillion in total assets. 
• It operates globally. Wells Fargo has over 70 million customers in over 35 countries, with over 8,000 branches and 13,000 ATMs. 
• Controversy has surrounded the bank in recent years. It has faced difficult times, especially in the past few years when a major account fraud scandal hit the headlines. Despite this, the company has managed to maintain a good credit quality score. 
• Its stock price has performed well. While the past few years have been tough for the bank, its stock price has been relatively stable, including during the Coronavirus pandemic. 
• Wells Fargo pays dividends. Like similar banks, Wells Fargo is a dividend-paying stock, which makes it a good option if you want to earn income from your investments. 
• It’s considered a long-term value play. Many experts view Wells Fargo as a value stock that should be held for the long term. The company’s CEO, Charles Scharf, has pledged to increase investment into the bank’s investment banking division and cut billions in expenses. 

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Wells Fargo’s pros and cons before you make a final decision on whether to buy Wells Fargo stock.

Are there other ways to buy shares in Wells Fargo?

Yes, you can invest in Wells Fargo stock in a few different ways. One option is to buy stock in Wells Fargo directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nyse index fund to get exposure to Wells Fargo, or choose a dividend ETF.

Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Wells Fargo trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Wells Fargo shares from someone with more experience.

What are the fees for investing in Wells Fargo stock?

It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Wells Fargo stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Wells Fargo.

How to sell Wells Fargo stock

When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Wells Fargo stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Wells Fargo stock now?

It’s your investing goals and style that define whether now is a good time to buy. The current Wells Fargo stock price plays into it but ultimately it depends on your investment horizons.

• If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Wells Fargo based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy WFC.

• If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Wells Fargo’s fundamentals are solid then the best time to invest in Wells Fargo stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Wells Fargo stock all hours of the day but you don’t want to wait years for a return either.

Either way, following WFC price news and analysis will help you decide when to dip your toe into the market.

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