Wells Fargo Sells Rail Leasing Business Assets In $4.4 Billion Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
0mins
Source: Benzinga
Wells Fargo Divests Rail Equipment Leasing Division: Wells Fargo has agreed to sell its rail equipment leasing division to a joint venture between GATX Corporation and Brookfield Infrastructure Partners for $4.4 billion, which includes approximately 105,000 railcars. The deal is expected to close by the first quarter of 2026, pending regulatory approvals.
Financial Performance and Stock Buyback: In its recent earnings report, Wells Fargo posted a GAAP EPS of $1.39, surpassing expectations, while revenue fell short of forecasts. Additionally, the bank announced a new $40 billion stock repurchase program to begin after the current buyback concludes.
Analyst Views on GATX
Wall Street analysts forecast GATX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GATX is 195.00 USD with a low forecast of 192.00 USD and a high forecast of 198.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 183.340
Low
192.00
Averages
195.00
High
198.00
Current: 183.340
Low
192.00
Averages
195.00
High
198.00
About GATX
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and India. The Company leases transportation assets, including railcars, aircraft spare engines and tank containers to customers worldwide. Its Rail North America segment primarily provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Its Rail International segment is an aggregation of its operating segments in Europe (GRE) and India (Rail India). GRE primarily leases railcars to customers throughout Europe pursuant to full-service leases under which it maintains the railcars and provides value-added services according to customer requirements. Its Engine Leasing segment includes its ownership interest in the Rolls-Royce & Partners Finance affiliates. Its Other segment includes its Trifleet business, which owns and manages tank containers that are leased to a diverse base of customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
