14 Best Holding Company Stocks to Buy Right Now

7. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 96

Wells Fargo & Company (NYSE:WFC) ranks seventh on our list of the best holding company stocks to buy right now. The financial services company provides a wide range of financial services to all types of customers. Some of its services include bank accounts, loans, mortgages, investment management, and other banking services. In the fourth quarter of 2024, the company generated $20.4 billion in revenue and $5.08 billion in net income. An impressive feat was that the company saw an 11% increase in non-interest income due to improved results from its venture capital investments. Similarly, Wells Fargo & Company (NYSE:WFC) also saw a 12% decline in non-interest expense. Its wealth and investment management segment posted record results, increasing revenue by 8%.

On January 20, Glenn Thum, an analyst at Phillip Securities, maintained a buy rating on Wells Fargo & Company (NYSE:WFC) with a price target of $85. He maintained a buy rating on the stock because of the company’s sound financial performance and strategic initiatives. The company reported solid earnings in the fourth quarter of 2024, largely meeting expectations. In addition to that, Thum highlighted that the company increased its dividend by 14% year-over-year and delivered shareholder value. The company maintains a positive outlook for 2025, expecting significant growth in net interest income. Similarly, on January 16, Bank of America Securities assigned a buy rating to the stock with a price target of $86.