Wells Fargo Downgrades BOK Financial (BOKF) to Underweight

(Updated - September 30, 2026 4:36 AM EDT)

Wells Fargo analyst Terry McEvoy downgraded BOK Financial (NASDAQ: BOKF) from Equal Weight to Underweight with a price target of $135.00 (from $148.00).

The analyst comments: “After upper-quartile YTD performance, we see near-term EPS risk and a stretched valuation, leaving us cautious near term and driving our downgrade to UW. We are ~3% below 3Q26 consensus PPNR on lower NII and trading income (muni bond /government-agency/MBS). Deposit pricing in Texas — roughly 25% of the deposit base — is another area we're monitoring. BOKF's valuation opens the door for acquisition, though recent hires from disrupted deals have worked in its favor.”

For an analyst ratings summary and ratings history on BOK Financial click here. For more ratings news on BOK Financial click here.

Shares of BOK Financial closed at $128.62 yesterday.

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