Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Wells Fargo & Company or Old National Bancorp because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Wells Fargo & Company and Old National Bancorp compare based on key financial metrics to determine which better meets your investment needs.

About Wells Fargo & Company and Old National Bancorp

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The company’s financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. In addition, it offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits. The company also offers loans, including home equity lines of credit, residential real estate loans, and consumer loans, as well as loans to commercial clients comprising commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. In addition, it offers debit and automated teller machine cards, telephone access and online banking, and other electronic and mobile banking services. Further, the company offers private banking, wealth management, trust, investment advisory, brokerage, and foreign currency services; treasury management, merchant, and capital markets services for businesses; and community development lending and equity investment solutions. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

Latest Banks and Wells Fargo & Company, Old National Bancorp Stock News

As of July 2, 2026, Wells Fargo & Company had a $261.7 billion market capitalization, compared to the Banks median of $723.0 million. Wells Fargo & Company’s stock is down 8.3% in 2026, up 2% in the previous five trading days and up 4.93% in the past year.

Currently, Wells Fargo & Company’s price-earnings ratio is 13.2. Wells Fargo & Company’s trailing 12-month revenue is $81.1 billion with a 26.7% net profit margin. Year-over-year quarterly sales growth most recently was 5.7%. Analysts expect adjusted earnings to reach $6.983 per share for the current fiscal year. Wells Fargo & Company currently has a 2.1% dividend yield.

As of July 2, 2026, Old National Bancorp had a $10.0 billion market cap, putting it in the 77th percentile of all stocks. Old National Bancorp’s stock is up 16.5% in 2026, up 0.5% in the previous five trading days and up 17.33% in the past year.

Currently, Old National Bancorp’s price-earnings ratio is 13.4. Old National Bancorp’s trailing 12-month revenue is $2.5 billion with a 30.2% net profit margin. Year-over-year quarterly sales growth most recently was 46.2%. Analysts expect adjusted earnings to reach $2.610 per share for the current fiscal year. Old National Bancorp currently has a 2.2% dividend yield.

How We Compare Wells Fargo & Company and Old National Bancorp Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Wells Fargo & Company and Old National Bancorp’s stock grades to see how they measure up against one another.

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Wells Fargo & Company and Old National Bancorp Stock Value Grades

Company	Ticker	Value
Wells Fargo & Company	WFC	B
Old National Bancorp	ONB	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Wells Fargo & Company has a Value Score of 73, which is Value. Old National Bancorp has a Value Score of 42, which is Average.

The Value Stock Winner: Wells Fargo & Company

As you can clearly see from the Value Grade breakdown above, Wells Fargo & Company is considered to have better value than Old National Bancorp. For investors who focus solely on a company’s valuation, Wells Fargo & Company could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Wells Fargo & Company and Old National Bancorp’s Quality Grades

Company	Ticker	Quality
Wells Fargo & Company	WFC	F
Old National Bancorp	ONB	F

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Wells Fargo & Company has a Quality Score of 15, which is Very Weak. Old National Bancorp has a Quality Score of 4, which is Very Weak.

The Quality Stock Winner: No Clear Winner

Neither Wells Fargo & Company or Old National Bancorp has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Wells Fargo & Company or Old National Bancorp is the better investment when it comes to quality.

Wells Fargo & Company and Old National Bancorp’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Wells Fargo & Company	WFC	D
Old National Bancorp	ONB	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Wells Fargo & Company has a Earnings Estimate Score of 37, which is Negative. Old National Bancorp has a Earnings Estimate Score of 48, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Wells Fargo & Company or Old National Bancorp has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Wells Fargo & Company or Old National Bancorp is the better investment when it comes to estimate revisions.

Other Wells Fargo & Company and Old National Bancorp Grades

In addition to Estimate Revisions, Quality and Value, A+ Investor also provides grades for Growth and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Wells Fargo & Company and Old National Bancorp pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Wells Fargo & Company or Old National Bancorp Stock?

Overall, Wells Fargo & Company stock has a Value Score of 73, Estimate Revisions Score of 37 and Quality Score of 15.

Old National Bancorp stock has a Value Score of 42, Estimate Revisions Score of 48 and Quality Score of 4.

Comparing Wells Fargo & Company and Old National Bancorp’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.