10 Best Spring Stocks To Buy Now

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8. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 72    

Wells Fargo & Company (NYSE:WFC) is a diversified financial services company that provides banking, investment, mortgage, and consumer and commercial finance products and services. In the fourth quarter results for 2024, the company reported a net income increase of 13%, driven by higher asset-based fees due to improved market valuations. Noninterest expense increased by 9% due to higher revenue-related compensation expense, partially offset by the impact of efficiency initiatives. The firm has an impressive dividend profile. It has consistently paid a dividend to shareholders for the past twenty-five years. These payouts have registered constant growth over the past three years.

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