Sen. Mitch McConnell Buys Wells Fargo Stock

The Senate minority leader disclosed a purchase of between $1,001 and $15,000 in Wells Fargo shares.

Mar. 23, 2026 at 12:08am by Ben Kaplan

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Senator Mitch McConnell (Republican-Kentucky) recently bought shares of Wells Fargo & Company (NYSE:WFC). In a filing disclosed on March 19th, the Senator disclosed that they had bought between $1,001 and $15,000 in Wells Fargo & Company stock on March 1st.

Why it matters

As a prominent Republican senator and the Senate minority leader, McConnell's personal investment decisions can be seen as politically significant, potentially signaling his views on the financial sector and the economy.

The details

The senator's stock purchase comes as Wells Fargo's share price has fluctuated in recent months, trading between a 52-week low of $58.42 and a high of $97.76. The bank has faced various challenges, including regulatory scrutiny and a sales practices scandal, but has also reported improved financial results.

  • Senator McConnell disclosed the stock purchase on March 19, 2026.
  • The purchase was made on March 1, 2026.

The players

Mitch McConnell

A Republican senator from Kentucky who serves as the Senate minority leader. He has held his Senate seat since 1985 and previously served as Senate majority leader from 2015 to 2021.

Wells Fargo & Company

A diversified financial services company headquartered in San Francisco, California. It was founded in 1852 and provides a range of banking, investment, and lending products and services.

Charles W. Scharf

The chief executive officer of Wells Fargo & Company.

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What they’re saying

“To put that in context, that's about one in five of the Courts of Appeals judges nationwide have now been appointed by this president and confirmed by this Senate in two and a half years. And I want you to know that my view is, there will be no vacancies left behind. None.”

— Mitch McConnell, Senate Minority Leader

What’s next

The details and timing of Senator McConnell's Wells Fargo stock purchase will likely be closely watched by political and financial observers, as his investment decisions could be seen as indicative of his views on the banking sector and the broader economy.

The takeaway

As a powerful Republican senator and the Senate minority leader, Mitch McConnell's personal investment in Wells Fargo stock is noteworthy and could be interpreted as a signal of his confidence in the financial sector and the overall economic outlook.