Wells Fargo is one of the largest diversified financial services firms in the United States, with a nationwide network of several thousand branches and a large base of financial advisors. Wells Fargo provides a full range of consumer banking, commercial banking, and investment banking services.

A long-standing premise on Wall Street is in full gear in 2026: rotation is the lifeblood of most bull markets. Wednesday was a great example -- and leads to another undisputed truth about the financial markets (especially as we currently are in a technology-dominated economy): mean reversion is always a force of nature. The three best-performing sectors on Wednesday were Energy (XLE +2.3%), Consumer Staples (XLP +1.4%), and Real Estate (XLRE +1.1%). Yet they also were the three worst-performing sectors in 2025. Information Technology (XLK -1.2%) was the second-worst performer on Wednesday after taking the sector crown in 2025. Year to date, Materials (XLB) and Energy (XLE) lead, both popping 7.5%, with Industrials (XLI) and Consumer Staples (XLP) not far behind (both climbing 5.9%). While the Industrials sector was a top performer in 2025, Consumer Staples was down at the bottom. Drilling down in market cap this year, the iShares Micro-Cap (IWC +7.7%) is leading, followed by the Russell 2000 (IWM +7%), the S&P Small Cap 600 (SML +5.8%), the S&P MidCap 400 (MDY +5%), the S&P 500 Equal Weighted (SPXEW +3.6%), and the NYSE Composite (NYA +3.3%). Bringing up the rear are the mega-caps, with the Invesco S&P 500 Top 50 (XLG) down 0.5%, the S&P 100 (OEX) flat, and the Nasdaq 100, Nasdaq, and S&P 500 up about 1%. Will this rotation last a quarter? A year? Currently, most of the smaller-cap indices have bolted to all-time highs, and that wasn't the case when they led in recent years. Another bullish catalyst is positioning, as we would guess that a good number of major market players have been caught, at least so far in 2026, holding a lot of mega-cap stocks.

Wells Fargo is one of the largest banks in the United States, with approximately $2.1 trillion in balance-sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the US market.

Wells Fargo is one of the largest banks in the United States, with approximately $2.0 trillion in balance-sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the US market.