Wells Fargo(US:WFC) 智通财经网·2025-06-05 08:55Core Viewpoint - Goldman Sachs indicates that the Federal Reserve's removal of the asset cap on Wells Fargo (WFC.US) effective June 3, 2025, opens new growth opportunities for the bank, allowing it to regain lost market share and improve profitability through cost savings and increased earnings per share (EPS) [1][4]. Financial Performance - For the 12 months ending December 31, 2024, Wells Fargo's revenue is projected to be $82.637 billion, with a net profit of $18.607 billion and an EPS of $5.37. Revenue is expected to grow steadily from $83.925 billion in 2025 to $92.409 billion in 2027, with net profit increasing from $18.431 billion to $22.527 billion during the same period [2]. - EPS is forecasted to rise from $5.67 in 2025 to $7.80 in 2027. The price-to-earnings (P/E) ratio is expected to increase from 11.0 in 2024 to 13.4 in 2025, while the price-to-book (P/B) ratio will decline from 1.4 in 2024 to 1.2 in 2027 [2]. Asset Management and Growth Potential - Wells Fargo currently has approximately $325 billion in unused balance sheet capacity under the Supplementary Leverage Ratio (SLR), which can be utilized in traditional banking and low-risk trading activities. This could generate an estimated net income of $2.3 billion to $2.9 billion, contributing to an 11%-14% increase in EPS by 2026 [3]. - The bank's efficiency ratio is expected to improve as regulatory pressures ease, with potential EPS increases of 3%-6% from restoring historical efficiency advantages and 2%-4% from reduced professional service fees related to sales practices [3]. Investment Outlook - Goldman Sachs maintains a "Buy" rating on Wells Fargo with a target price of $76.00, based on an 11.5 times P/E ratio of projected EPS for 2026. The report highlights significant growth potential and investment value for Wells Fargo following the removal of the asset cap [4].