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Bank of America vs Wells Fargo &: Business Model & Financial Comparison 2026

Bank of America · Financial Services / Banks - Diversified·Wells Fargo & · Financial Services / Banks - Diversified

Financial Comparison

MetricBACBank of AmericaWFCWells Fargo &
Market Cap$341.17B$232.61B
Revenue (TTM)$107.42B$80.04B
Revenue Growth7.2%5.0%
Gross Margin0.0%0.0%
Operating Margin41.6%29.9%
Net Margin28.4%26.7%
Return on Equity10.2%11.7%
P/E (Trailing)12.3x11.8x
P/E (Forward)9.4x9.4x
Free Cash FlowN/AN/A
Cash$770.16B$449.21B
Total Debt$767.07B$443.51B

Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.

Business Model Comparison

Bank of America

Bank of America Corporation stands as a leading company in Financial Services. Generating $107.42 billion in annual revenue (growing 7.2% year-over-year) and carrying a market capitalization of $363.74 billion, the company has cemented its position as a foundational player in the global Banks - Diversified landscape. Under the leadership of its leadership team, Bank of America Corporation continues to execute on a multi-year strategic vision that…

Full Bank of America analysis →

Wells Fargo &

Wells Fargo & Company stands as a leading company in Financial Services. Generating $80.04 billion in annual revenue (growing 5.0% year-over-year) and carrying a market capitalization of $257.75 billion, the company has cemented its position as a foundational player in the global Banks - Diversified landscape. Under the leadership of its leadership team, Wells Fargo & Company continues to execute on a multi-year strategic vision that balances gro…

Full Wells Fargo & analysis →

SWOT Analysis Comparison

Strengths
Bank of America
  • With a market capitalization of $363.74B, Bank of America Corporation is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital
Wells Fargo &
  • With a market capitalization of $257.75B, Wells Fargo & Company is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital acces
Weaknesses
Bank of America
  • With 213,000 employees globally, Bank of America Corporation faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smal
Wells Fargo &
  • With 205,000 employees globally, Wells Fargo & Company faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, n
Opportunities
Bank of America
  • Bank of America Corporation operates in the Banks - Diversified segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modes
  • Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Bank of
  • Earnings growth of 21.2% YoY demonstrates Bank of America Corporation's ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating leve
Wells Fargo &
  • Wells Fargo & Company operates in the Banks - Diversified segment of the broader Financial Services sector, which represents a $26.5 trillion global financial services market by 2028. Even modest shar
  • Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Wells F
  • With $449.21B in cash and strong free cash flow generation, Wells Fargo & Company is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
Threats
Bank of America
  • Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Bank of America Corporation's revenue is not fully insulated from macroeconomic cycles, and
  • Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Bank of America Cor
  • Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
Wells Fargo &
  • Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Wells Fargo & Company's revenue is not fully insulated from macroeconomic cycles, and a rece
  • Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Wells Fargo & Compa
  • Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

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Bank of America vs Wells Fargo &: FAQ

Is Bank of America bigger than Wells Fargo &?
By market capitalization, Bank of America is larger at $341.17B vs Wells Fargo &'s $232.61B.
Which has better profit margins — Bank of America or Wells Fargo &?
Bank of America has higher net profit margins (28.4%) compared to Wells Fargo & (26.7%). Gross and operating margins are compared in the table above.
What sectors do Bank of America and Wells Fargo & operate in?
Bank of America operates in the Financial Services sector (Banks - Diversified). Wells Fargo & operates in the Financial Services sector (Banks - Diversified).
How does Bank of America's revenue compare to Wells Fargo &'s?
Bank of America generates $107.42B in annual revenue (TTM) while Wells Fargo & generates $80.04B. Bank of America is the larger company by revenue as of 2026.