Wells Fargo & Company, a prominent American banking group, has been given a Buy rating by UBS.

The company's net banking product is diversified across various sectors, with retail and commercial banking accounting for 57.9% of its activities. This segment encompasses the sale of standard and specialized banking products, including mortgage loans, real estate loans, consumer loans, and insurance.

Wells Fargo's operations are further divided into financial, investment, and market banking, which represents 22.9% of its activities, and profit management, brokerage, and pension fund management, making up 19.2%. As of the end of 2020, the group reported strong financial figures, with current deposits totaling USD 1,404.4 billion and current loans amounting to USD 887.6 billion, highlighting its robust financial position in the industry.