Summary: You can buy stocks with a Wells Fargo account by signing up to a broker that offers Stocks, ETFs, and other assets. Once you create an account, you can deposit USD from your Wells Fargo online banking account to start investing.
We recommend the eToro platform because they offer fast and cheap USD deposits from Wells Fargo bank accounts to trade over 6,000 Stocks, ETFs, Cryptocurrencies, Commodities, and more.
Can I Invest in Stocks with Wells Fargo?
Wells Fargo does not directly offer stock trading services through their online banking platform. That said, they do have a WellsTrade app that connects to Wells Fargo bank accounts to trade Stocks, however, it is not a very popular option for traders due to its high fees and clunky user experience.
Wells Fargo account holders should look for alternative brokers that accept US Dollar deposits and are regulated in the United States.
How to buy Stocks with Wells Fargo online
If you have a Wells Fargo bank account, you can buy stocks of companies through an online broker that offers stocks and other assets. One popular broker that is used by many investors is eToro. They are a leading US investment platform that allows users to invest in over 6,000 of assets, including stocks and ETFs. eToro is a regulated broker in the United States and offers fast and cheap deposit options for Wells Fargo bank accounts.
To get started, you will need to create an account with eToro and deposit USD from your Wells Fargo online banking account. Follow this simple 5 step guide to start investing:
- Sign up to eToro: Register to the eToro trading platform.
- Deposit USD: Find the Deposit Funds button and transfer USD from your Wells Fargo online banking account, or Wells Fargo Credit Card/Debit Card.
- Find Asset: Find the Stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the USD amount you want to invest and execute your trade.
Can I buy Wells Fargo stocks?
Yes, you can buy stocks of Wells Fargo. The company is a publicly-traded company and its shares are listed on the New York Stock Exchange under Wells Fargo & Co (NYSE: WFC). Wells Fargo is currently worth over $148 billion as of July 2022 and has a P/E ratio of 8.2.
You can purchase shares through a broker or online brokerage account through your Wells Bank account.
Should I buy Wells Fargo stock?
This is a difficult question to answer as it depends on your investment goals and risk tolerance. Some investors may believe that the recent scandals have caused long-term damage to the brand and trust in the company, which could lead to lower profits and share prices in the future. However, others may see this as an opportunity to buy shares at a discount with the potential for the share price to rebound in the future.
If you are considering investing in Wells Fargo, we recommend speaking with a financial advisor to get a professional opinion on whether it aligns with your investment goals.
About Wells Fargo
Wells Fargo is a large American bank with over $1.9 trillion in assets and 8,700 branches across the United States. The company offers a wide range of financial services, including commercial banking, consumer banking, mortgage loans, private equity, and investment banking. Wells Fargo is one of the four largest banks in America by market capitalization.
The company was founded in 1852 and its headquarters are located in San Francisco, California. Wells Fargo has been through a number of scandals in recent years, including fraudulent sales practices, opening accounts without customer consent, and improper handling of customer complaints. These scandals have led to a decrease in the public trust in the bank. However, it remains one of the largest and most well-known banks in America.