Wells Fargo & Co. stock (US9497461015): new 6.00% notes priced as shares hold near recent highs

Wells Fargo & Co. has added a fresh slice of long-dated funding, pricing USD 15.5 million of 6.00% fixed-rate medium-term notes due 05/29/2046, even as its New York-listed shares continue to trade near recent highs in a firm U.S. banking sector.

According to a prospectus supplement filed with the U.S. Securities and Exchange Commission on 05/29/2026, the bank is issuing Series AA medium-term notes with a principal amount of USD 1,000 per note, a 6.00% annual coupon and a stated maturity of 05/29/2046, with annual call dates from 2027 through 2045 at 100% of principal plus accrued interest.SEC filing as of 05/29/2026

The filing states that the notes are senior unsecured obligations of Wells Fargo & Co., not insured by the Federal Deposit Insurance Corporation (FDIC), and that payments depend on the issuer’s credit risk, highlighting that investors in the notes could lose some or all of their investment in a default scenario.StockTian summary as of 05/29/2026

The prospectus indicates an original offering price generally of USD 1,000 per note, with certain institutional or fee-based advisory accounts potentially paying between USD 989.00 and USD 1,000 per note, and an agent discount of up to USD 11.00 per note, resulting in expected proceeds to Wells Fargo of approximately USD 15.35 million before expenses.StockTian summary as of 05/29/2026

In the U.S. equity market, Wells Fargo & Co. shares trade on the New York Stock Exchange under the ticker WFC, making the stock one of the large constituents of the U.S. banking universe alongside peers such as JPMorgan Chase and Bank of America.

The stock most recently changed hands at around the mid-USD 70s on the NYSE in late May 2026, keeping it close to its 52-week peak after a period of resilient U.S. consumer credit trends and rising interest income at major banks, according to data from NYSE price overviews as of 05/29/2026.

For German-based investors, WFC is also accessible via German trading venues such as Tradegate, where the shares recently traded in the mid-EUR 60 range on 05/29/2026, reflecting currency movements and local trading spreads compared with the primary U.S. listing, based on Tradegate price data as of 05/29/2026.

The new 6.00% notes are not expected to be listed on any securities exchange, and the issuer and agents do not anticipate a liquid secondary market, meaning that resale opportunities and pricing will depend on dealer interest and market conditions, according to the prospectus supplement filed with the SEC on 05/29/2026.SEC filing as of 05/29/2026

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

Wells Fargo & Co.: core business model

Wells Fargo & Co. focuses on providing consumer banking, commercial banking, and wealth and investment management services in the United States, generating revenues primarily from interest earned on lending and securities portfolios alongside fee-based products such as payments, cards, mortgages and advisory services.

Valuation metrics and multiples for Wells Fargo & Co.

On a valuation basis, Wells Fargo & Co. is currently priced in line with the broader U.S. banking sector when measured against forward earnings and tangible book value metrics reported for large U.S. banks in 2026, according to data compiled by financial information platforms as of 05/29/2026.

Market data aggregators show that the stock trades on a forward price-to-earnings multiple in the low-teens and at a modest premium to its reported tangible book value per share, placing it broadly in the range of major U.S. peers such as JPMorgan Chase and Bank of America on these headline valuation ratios, based on sector comparison overviews published on 05/29/2026.

Conclusion

The latest 6.00% senior unsecured medium-term notes due 2046 underline Wells Fargo & Co.’s ongoing access to long-term funding markets while it maintains a sizeable presence on the New York Stock Exchange.

With the stock valued at a forward earnings multiple and tangible book premium comparable to large U.S. banking peers, the new bond issuance adds another layer to how investors can assess the bank’s capital structure and cost of funding alongside its equity performance.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.