Wells Fargo & Company (WFC) Covered Calls

Wells Fargo & Company covered calls Wells Fargo & Company is a leading financial services firm that provides a diverse range of banking, investment, and mortgage products. The company operates through four primary segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. With a vast retail footprint and a major presence in consumer and commercial finance, Wells Fargo serves individuals, small businesses, and institutions across the United States.

You can sell covered calls on Wells Fargo & Company to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for WFC (prices last updated Thu 4:16 PM ET):

Wells Fargo & Company (WFC) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
86.29 -2.66 86.29 86.57 16.7M 15 279
Covered Calls For Wells Fargo & Company (WFC)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 86 1.90 84.67 1.6% 64.9%
Mar 20 87.5 2.99 83.58 3.6% 35.5%
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Core Business and Products

Wells Fargo & Company (WFC) is a San Francisco-based multinational financial services giant. As of early 2026, the bank has emerged from a multi-year regulatory transformation following the milestone removal of its $1.95 trillion asset cap in mid-2025. This "unshackling" has allowed the firm to pivot from defensive restructuring to aggressive growth. The bank organizes its operations into four core reportable segments:

  1. Consumer Banking and Lending: This is the backbone of the firm, offering checking and savings accounts, credit cards, and home and auto loans. Wells Fargo maintains one of the largest retail branch networks in the United States and is a top-tier provider of mortgage services. In 2026, the bank has significantly enhanced its "Fargo" virtual assistant to provide proactive financial health insights to over 30 million mobile users.
  2. Commercial Banking: Providing lending, treasury management, and investment products to mid-market and large corporations. The bank is a market leader in asset-based lending and commercial real estate finance.
  3. Corporate and Investment Banking (CIB): Under CEO Charlie Scharf, Wells Fargo has aggressively expanded its CIB division, poaching talent from major Wall Street peers to build out its sector coverage in technology, healthcare, and energy.
  4. Wealth and Investment Management: Offering personalized financial advisory, estate planning, and retirement products through Wells Fargo Advisors and its high-net-worth private bank.

Competitive Landscape

Wells Fargo operates in a "Big Four" banking environment, competing for market share against other globally systemic financial institutions:

  1. Direct Banking Rivals: The company’s primary competitors for retail deposits and commercial loans are JPMorgan Chase and Bank of America. While JPMorgan leads in total assets, Wells Fargo’s domestic-heavy focus makes it a "pure-play" on the U.S. economy. It also competes with Citigroup, which is undergoing its own international streamlining.
  2. Regional and Digital Peers: In consumer banking, the firm vies for share against U.S. Bancorp and PNC Financial Services. It also increasingly faces pressure from digital-first entrants like SoFi Technologies.
  3. Investment Banking Competition: As it scales its CIB operations, Wells Fargo directly challenges Goldman Sachs and Morgan Stanley for advisory fees and capital markets deal flow.

Strategic Outlook and Innovation

As of February 2026, Wells Fargo is executing a "Leaner and Smarter" strategy, targeting $15 billion in gross expense reductions through 2026. A centerpiece of this effort is the bank's "Agentic AI" rollout, led by former AWS leadership. This initiative has already boosted engineering productivity by 30% and is being integrated into back-office operations to automate complex compliance and risk monitoring tasks. Strategically, the bank is focusing on its "Multi-Year Pivot," which includes exiting lower-return businesses—such as its rail lease portfolio—to focus on high-yield commercial lending and its burgeoning investment bank. With the asset cap gone, management has raised its medium-term Return on Tangible Common Equity (ROTCE) target to 17-18%. By leveraging its massive, low-cost deposit base and modernized digital infrastructure, Wells Fargo is positioned to recapture its status as one of the most efficient and profitable large-cap banks in North America.