21 globálních finančních institucí plánuje stablecoin v USD, jehož spuštění cílí na první polovinu roku 2027. Pro Circle Internet Group to znamená novou konkurenci pro USDC, který měl na konci 2. čtvrtletí v oběhu 73,3 miliardy USD.
Key Takeaways Major banks plan a U.S. dollar stablecoin for 2027, intensifying competition in digital payments.CRCL's USDC reached $73.3B in circulation, while on-chain volume surged 151% to $14.8T in Q2.USDC's liquidity and broad distribution offer an edge, but bank-backed tokens could pressure its market share. The stablecoin market could be headed for a major competitive shake-up as some of the world’s largest financial institutions move beyond experimentation and prepare to compete directly for blockchain-based payments and liquidity.
A group of 21 global financial institutions, including Citigroup (C - Free Report) , Bank of America (BAC - Free Report) , Goldman Sachs (GS - Free Report) and Wells Fargo (WFC - Free Report) , has committed to establishing a new company in the second half of 2026, subject to closing conditions, to issue a U.S. dollar-denominated stablecoin. The group is targeting the first half of 2027 for the launch of its initial U.S. dollar-denominated stablecoin, with stablecoins linked to additional G7 currencies planned over the longer term.
The initiative could strengthen the participating banks’ positions in blockchain-based payments and settlement. However, for Circle Internet Group (CRCL - Free Report) , it adds another potentially formidable competitor to USD Coin (“USDC”), its dollar-backed stablecoin and core business product, just as regulatory clarity is making the stablecoin market more attractive to traditional financial institutions.
Why Are Big Banks Moving Into Stablecoins Now?A major catalyst is the improving U.S. regulatory environment. The GENIUS Act created a federal regulatory framework for payment stablecoins, including requirements around licensing and reserves. The law is expected to become effective on Jan. 18, 2027, broadly aligning with the banking consortium’s planned first-half 2027 launch. The consortium has stated that its stablecoin initiative is intended to comply with the GENIUS Act and Europe’s MiCA framework, where applicable.
This regulatory clarity could make it easier for large financial institutions to compete in a market that has so far been dominated by crypto-native companies.
The 21 participating institutions intend to combine traditional banking strengths, including compliance, governance, distribution and institutional risk management, with blockchain technology. The planned stablecoin is expected to support wholesale, institutional and retail use cases, including cross-border payments and digital-asset settlement. Importantly, the initiative reflects a broader shift in banks’ digital-asset strategy.
C, BAC, GS & WFC Could Gain From the Digital-Money ShiftFor Citigroup, Bank of America, Goldman Sachs and Wells Fargo, the initiative represents more of a long-term strategic opportunity than an immediate earnings catalyst.
Citigroup could leverage its global transaction-banking and cross-border payment capabilities as blockchain-based settlement expands among corporations and financial institutions.
Bank of America, meanwhile, could use its large commercial and corporate banking franchise to deepen payment and treasury relationships as clients increasingly adopt tokenized forms of money.
Goldman Sachs could benefit from greater institutional adoption of tokenized assets, stablecoins and blockchain-based settlement, particularly if digital assets become more integrated with capital markets.
Wells Fargo could similarly use stablecoin infrastructure to enhance treasury management and payment offerings for corporate customers.
However, the consortium’s stablecoin is not expected to launch until the first half of 2027. Hence, any direct contribution to C, BAC, GS or WFC revenues is unlikely to materially alter their near-term earnings outlook. The more significant benefit is positioning these institutions for a financial system in which traditional deposits, tokenized deposits and blockchain-based stablecoins increasingly coexist.
Banks’ Stablecoin Push Could Pressure CRCL’s USDC MoatFor Circle Internet Group, the development carries meaningful competitive implications because USDC remains the foundation of its business. At the end of second-quarter 2026, USDC in circulation reached $73.3 billion, up 19% year over year, while on-chain transaction volume surged 151% to $14.8 trillion. Reserve income totaled $668 million, accounting for roughly 95% of Circle’s $701 million in total revenues and reserve income.
A stablecoin backed by 21 major financial institutions could eventually challenge USDC by leveraging banks’ extensive corporate, institutional and payments relationships. Greater adoption of a bank-backed token could pressure USDC’s market share, circulation growth and reserve income.
However, the threat is unlikely to be immediate. Circle has spent years building USDC’s liquidity, distribution and network effects across exchanges, wallets, payment applications and blockchain networks. New entrants will need to replicate that ecosystem, secure broad integrations and convince customers to actively use their token. Thus, while the banks’ regulatory standing and distribution provide a strong competitive advantage, they do not automatically match USDC’s established liquidity and scale.
What Should Investors Watch?The 21-bank stablecoin initiative is a long-term strategic positive for Citigroup, Bank of America, Goldman Sachs and Wells Fargo, giving them another avenue to participate in blockchain-based payments and settlement. While near-term financial benefits may be modest, the banks could leverage their corporate relationships, compliance capabilities and distribution networks to defend existing payment and deposit businesses, and capture transaction flows.
For Circle Internet Group, the initiative is a credible competitive risk but not an immediate threat to USDC. Investors should monitor USDC circulation, transaction volumes, institutional adoption and market share as bank-backed stablecoins enter the market.
Glaxis Capital Management ve 2. čtvrtletí získala nový podíl ve Wells Fargo a nabyla 6 582 akcií za zhruba 544 000 USD. Podíl tvoří asi 1,1 % jejího portfolia.
Glaxis Capital Management LLC bought a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,582 shares of the financial services provider’s stock, valued at approximately $544,000. Wells Fargo & Company makes up about 1.1% of Glaxis Capital Management LLC’s holdings, making the stock its 18th largest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in WFC. Brighton Jones LLC lifted its holdings in Wells Fargo & Company by 62.3% during the fourth quarter. Brighton Jones LLC now owns 66,233 shares of the financial services provider’s stock valued at $4,652,000 after purchasing an additional 25,436 shares in the last quarter. Jump Financial LLC boosted its holdings in Wells Fargo & Company by 12.9% in the 2nd quarter. Jump Financial LLC now owns 22,904 shares of the financial services provider’s stock worth $1,835,000 after buying an additional 2,615 shares during the last quarter. Main Street Financial Solutions LLC boosted its holdings in Wells Fargo & Company by 111.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 14,008 shares of the financial services provider’s stock worth $1,122,000 after buying an additional 7,368 shares during the last quarter. Vivaldi Capital Management LP increased its stake in Wells Fargo & Company by 5.4% during the 2nd quarter. Vivaldi Capital Management LP now owns 3,229 shares of the financial services provider’s stock worth $259,000 after buying an additional 165 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Wells Fargo & Company by 51.2% during the 2nd quarter. Diversify Advisory Services LLC now owns 25,718 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 8,714 shares in the last quarter. Hedge funds and other institutional investors own 75.90% of the company’s stock.
Wells Fargo & Company Stock Up 1.0% Shares of NYSE WFC opened at $84.70 on Tuesday. Wells Fargo & Company has a 1 year low of $72.78 and a 1 year high of $97.76. The company has a market capitalization of $256.13 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.91 and a beta of 0.92. The company has a 50 day simple moving average of $86.11 and a 200-day simple moving average of $82.85. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.90.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.23. The company had revenue of $22.62 billion during the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. On average, equities research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year. Wells Fargo & Company Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. Wells Fargo & Company’s dividend payout ratio (DPR) is currently 29.07%.
Analyst Upgrades and Downgrades A number of analysts have recently issued reports on WFC shares. Truist Financial lifted their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Morgan Stanley raised their price target on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Robert W. Baird increased their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Moderate Buy” and an average price target of $98.61.
Read Our Latest Research Report on WFC
(Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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Key Takeaways WFC's ROTCE rose to 17.7% in Q2'26 from 15.2% a year ago, reaching its target range.Asset-cap removal is enabling WFC to expand loans, deposits and securities and support NII growth.Cost cuts, portfolio simplification and strong revenue growth will keep supporting profitability. Wells Fargo & Company (WFC - Free Report) has made significant progress in improving profitability following years of regulatory restrictions and operational restructuring. The bank’s return on tangible common equity (ROTCE) improved from 8% in the fourth quarter of 2020 to 14.6% by the end of 2025.
The improvement continued in 2026, bringing Wells Fargo closer to its 17-18% ROTCE target. In the second quarter of 2026, ROTCE reached 17.7%, up from 15.2% in the year-ago quarter and 14.5% in the first quarter. For the first half of 2026, ROTCE was 16.1% compared with 14.4% in the prior-year period.
A key catalyst is the removal of the Federal Reserve’s asset cap in June 2025, which had restricted WFC’s balance-sheet growth since 2018. With the cap removed and the final outstanding consent order closed in early 2026, the bank can now expand deposits, loans and securities holdings. This gives WFC greater flexibility to grow its balance sheet, generate net interest income and pursue opportunities across its businesses, particularly Markets and Corporate & Investment Banking.
Expense discipline remains another key driver of improving returns. Wells Fargo generated roughly $15 billion of gross expense savings from 2021 through 2025, while continuing to invest in technology, risk controls and growth initiatives. The bank is still pursuing incremental efficiencies across businesses and functions. Its branch count declined 1.3% year over year to 4,079, while headcount fell 7.2% to nearly 197,500 in the second quarter of 2026, marking the 24th consecutive quarter of reductions.
In addition, Wells Fargo has been pursuing a strategic exit from non-core and lower-return businesses to sharpen its focus on consumer banking, commercial lending and other high-return areas. The effort, led by CEO Charlie Scharf since 2019, aims to reduce costs and reallocate capital toward core franchises. As part of this strategy, WFC sold its rail lease portfolio to a joint venture of GATX Corporation and Brookfield Infrastructure Partners in January 2026. The continued simplification of operations, including the transformation of Home Lending, is helping the bank to improve efficiency and profitability over time.
Overall, a combination of stronger revenue growth opportunities, efficiency gains, improved profitability across operating segments and disciplined capital management could help Wells Fargo sustain ROTCE in the 17%-18% range.
How Are Other Banks Progressing Toward ROTCE Targets?Similar to Wells Fargo, Citigroup (C - Free Report) and Citizens Financial (CFG - Free Report) are making progress toward their medium-term ROTCE targets through revenue growth, cost efficiency and strategic initiatives.
Citigroup targets a medium-term ROTCE of 14-15%. Citigroup’s transformation is gaining traction, supported by strong growth across Services, Markets, Banking and Wealth, along with cost savings from workforce reductions, automation and technology investments.
Similarly, Citizens Financial targets a 16-18% ROTCE by 2027. Through Reimagine the Bank, branch optimization and Private Bank expansion, Citizens Financial is working to improve efficiency, drive revenue growth and strengthen its business mix.
WFC’s Price Performance, Valuation & EstimatesShares of Wells Fargo have gained 4% in the past year compared with the industry’s growth of 21.4%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, WFC trades at a forward price-to-earnings (P/E) ratio of 11.01X, below the industry’s average of 13.89X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WFC’s 2026 and 2027 earnings implies year-over-year rallies of 15.5% and 9.5%, respectively. Estimates for both years have been revised upward over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
WFC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Basswood Capital Management ve 2. čtvrtletí nakoupila nový podíl ve Wells Fargo a získala 555 428 akcií za zhruba 45,901 milionu USD. Wells Fargo zároveň zvýšila čtvrtletní dividendu na 0,50 USD na akcii z 0,45 USD.
Basswood Capital Management L.L.C. acquired a new stake in shares of Wells Fargo & Company (NYSE:WFC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 555,428 shares of the financial services provider’s stock, valued at approximately $45,901,000. Wells Fargo & Company comprises 1.8% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 15th largest holding.
A number of other hedge funds also recently added to or reduced their stakes in WFC. Godfrey Financial Associates Inc. purchased a new stake in shares of Wells Fargo & Company during the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. purchased a new position in Wells Fargo & Company in the 4th quarter valued at $25,000. Navalign LLC acquired a new position in Wells Fargo & Company in the 4th quarter valued at $26,000. Joseph Group Capital Management acquired a new position in Wells Fargo & Company in the 4th quarter valued at $28,000. Finally, Phillip James Consulting Co. purchased a new position in Wells Fargo & Company during the 1st quarter worth $28,000. 75.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Friday, July 17th. Keefe, Bruyette & Woods dropped their price target on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 15th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Morgan Stanley lifted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.61.
Get Our Latest Stock Analysis on Wells Fargo & Company Wells Fargo & Company Trading Down 0.3% Shares of Wells Fargo & Company stock opened at $85.00 on Friday. The company has a 50-day moving average of $86.19 and a two-hundred day moving average of $82.68. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock has a market cap of $257.04 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. The business had revenue of $22.62 billion for the quarter, compared to analyst estimates of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS. On average, research analysts anticipate that Wells Fargo & Company will post 7.26 EPS for the current fiscal year.
Wells Fargo & Company Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.
Key Headlines Impacting Wells Fargo & Company Here are the key news stories impacting Wells Fargo & Company this week:
Positive Sentiment: Wells Fargo is stepping up efforts to recruit independent financial advisers after a reported $1.5 billion overhaul of its wealth-management business. Expanding the adviser network could increase assets under management, fee revenue and the division’s long-term growth prospects. Wells Fargo Makes New Push to Recruit Wealth Managers Positive Sentiment: A comparison with PNC Financial characterized WFC as offering a lower valuation and improving efficiency, supporting the view that the stock may have additional value potential despite PNC’s stronger growth and dividend yield. Wells Fargo vs. PNC Financial: Which Stock Offers Better Upside Now? Neutral Sentiment: The bank’s most recent quarterly results provide a supportive backdrop: earnings and revenue exceeded analyst expectations, with revenue rising year over year. However, the stock’s valuation and outlook remain sensitive to interest rates, loan growth and credit costs. Negative Sentiment: Wells Fargo is reportedly foreclosing on Workspace Property Trust’s $1.3 billion property portfolio after falling occupancy and asset values increased financial stress. Recovering collateral could limit losses, but the action underscores commercial real-estate exposure and potential pressure on credit quality. Wells Fargo Forecloses On $1.3B Workspace Property Trust Loan Wells Fargo & Company Profile (Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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Wells Fargo plánuje najmout stovky nezávislých poradců, aby rozšířila wealth management a přilákala více aktiv i opakovaných poplatkových příjmů. Nová platforma Advisor Gateway s více než 200 nástroji tomu napomáhá.
Key Takeaways WFC plans to recruit hundreds of independent advisers to expand its wealth-management business.Advisor Gateway offers access to more than 200 tools, including Aladdin Wealth and generative AI capabilities.WFC's wealth push could attract assets and boost recurring fee revenues, but execution remains key. Wells Fargo & Company (WFC - Free Report) is stepping up efforts to expand its wealth management business by recruiting hundreds of independent financial advisers, according to a Bloomberg report published by Yahoo Finance. The hiring push builds on the bank’s multi-year effort to strengthen its Wealth & Investment Management (WIM) division and deepen relationships with affluent and high-net-worth clients.
WFC has been revamping its WIM business since 2020, when it reorganized its operations into five major business lines. WIM offers wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary services to affluent, high-net-worth and ultra-high-net-worth clients. This broad offering enables the bank to address multiple financial needs, deepen client relationships and generate more revenue from wealthy customers beyond traditional banking activities.
Expanding its independent adviser network is a key part of this strategy. Independent advisers are becoming an increasingly important growth channel as financial professionals seek greater control over their practices while retaining access to institutional technology, investment products and infrastructure. WFC’s model gives advisers greater flexibility while allowing them to leverage the bank’s resources.
The bank is also strengthening its adviser capabilities through expanded investment offerings and technology. In May 2026, WFC launched Advisor Gateway, giving advisers one-click access to more than 200 tools and applications, including BlackRock’s Aladdin Wealth technology and generative AI capabilities. Last year, WIM added alternative investments to its Personalized Unified Managed Account program in collaboration with InvestCloud, enabling qualifying clients to hold traditional and alternative assets in a single account. These enhancements are expected to help WFC attract more advisers and assets, improve productivity and capitalize on growing demand for alternative investments.
The wealth management push also aligns with WFC’s broader strategy under CEO Charlie Scharf. Since 2019, the bank has been exiting non-core and lower-return operations to focus resources on its core, higher-return businesses. Meanwhile, the company has been expanding across multiple business lines since the Federal Reserve lifted the asset cap that had constrained its growth since 2018. Reallocating resources toward higher-return businesses, including wealth management, will likely support growth in fee-based recurring revenues, client assets, deposits and lending. However, successful execution will be key to driving sustainable growth and higher returns.
How Are WFC Peers Scaling Wealth Management Business?Similar to WFC, UBS Group (UBS - Free Report) and Morgan Stanley (MS - Free Report) are strengthening wealth management operations through acquisitions, partnerships and technology investments to expand capabilities, deepen client relationships and diversify revenues.
UBS Group has strengthened its wealth franchise through the acquisition and integration of Credit Suisse, while expanding its private-market capabilities through a partnership with MSCI. UBS Group also received a U.S. national bank charter for UBS Bank USA in March 2026, supporting its banking and wealth management offerings.
Similarly, Morgan Stanley has expanded wealth and investment management businesses through acquisitions, including E*TRADE Financial and Eaton Vance. The businesses accounted for nearly 54% of total net revenues in 2025, up from 26% in 2010, highlighting the growing contribution of wealth and investment management to Morgan Stanley’s overall business mix.
WFC’s Price Performance, Valuation & EstimatesShares of Wells Fargo have gained 3.4% in the past year compared with the industry’s growth of 22%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, WFC trades at a forward price-to-earnings (P/E) ratio of 11.03X, below the industry’s average of 14X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WFC’s 2026 and 2027 earnings implies year-over-year increases of 15.5% and 9.5%, respectively. Estimates for both years have been revised marginally upward over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
WFC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Danica Pension Livsforsikringsaktieselskab purchased a new position in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 212,859 shares of the financial services provider’s stock, valued at approximately $17,591,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter worth $25,000. Miller Capital Partners Inc. purchased a new position in shares of Wells Fargo & Company in the fourth quarter worth about $25,000. Navalign LLC acquired a new position in Wells Fargo & Company during the fourth quarter worth about $26,000. Joseph Group Capital Management acquired a new position in Wells Fargo & Company during the fourth quarter worth about $28,000. Finally, Phillip James Consulting Co. purchased a new stake in Wells Fargo & Company during the 1st quarter valued at about $28,000. 75.90% of the stock is owned by institutional investors and hedge funds.
Wells Fargo & Company Trading Down 0.0% Shares of Wells Fargo & Company stock opened at $83.83 on Monday. The stock has a 50 day moving average of $86.08 and a 200 day moving average of $82.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $253.50 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.91 and a beta of 0.92. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Wells Fargo & Company will post 7.26 earnings per share for the current year. Wells Fargo & Company Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.50 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s payout ratio is presently 29.07%.
Analyst Upgrades and Downgrades A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Wells Fargo & Company from $93.50 to $95.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their price objective on Wells Fargo & Company from $97.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Robert W. Baird upped their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Phillip Securities upgraded Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Wells Fargo & Company has a consensus rating of “Moderate Buy” and a consensus target price of $98.61.
Get Our Latest Stock Analysis on Wells Fargo & Company
Wells Fargo & Company Profile (Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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Equity Investment Corp ve 2. čtvrtletí koupila nový podíl ve Wells Fargo a získala 1 504 825 akcií za zhruba 124 359 000 USD. Banka zároveň oznámila vyšší čtvrtletní dividendu ve výši 0,50 USD na akcii.
Equity Investment Corp bought a new stake in Wells Fargo & Company (NYSE:WFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,504,825 shares of the financial services provider’s stock, valued at approximately $124,359,000. Wells Fargo & Company comprises 2.4% of Equity Investment Corp’s portfolio, making the stock its 17th largest position.
Several other institutional investors have also recently bought and sold shares of WFC. Aljian Capital Management LLC acquired a new position in Wells Fargo & Company during the second quarter worth about $1,287,000. Meeder Advisory Services Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $6,250,000. Meeder Asset Management Inc. acquired a new stake in shares of Wells Fargo & Company in the 2nd quarter valued at approximately $49,000. Pzena Investment Management LLC bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $729,502,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Wells Fargo & Company during the 2nd quarter valued at approximately $25,922,000. Institutional investors and hedge funds own 75.90% of the company’s stock.
Analyst Ratings Changes A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Wells Fargo & Company from $98.00 to $94.00 and set a “market perform” rating for the company in a research report on Wednesday, July 15th. Raymond James Financial restated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, May 7th. UBS Group lowered their price target on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Truist Financial increased their price target on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.61.
Read Our Latest Research Report on WFC Wells Fargo & Company Stock Performance NYSE:WFC opened at $83.83 on Friday. The stock’s 50-day moving average is $86.08 and its 200-day moving average is $82.97. Wells Fargo & Company has a 1-year low of $72.78 and a 1-year high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock has a market cap of $253.50 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The business had revenue of $22.62 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the business earned $1.60 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Wells Fargo & Company will post 7.26 earnings per share for the current year.
Wells Fargo & Company Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.50 dividend. This is an increase from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.
Wells Fargo & Company Profile (Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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BIP Wealth LLC ve druhém čtvrtletí koupila novou pozici ve Wells Fargo o 11 054 akciích za zhruba 914 000 USD. Wells Fargo zároveň oznámila vyšší čtvrtletní dividendu na 0,50 USD na akcii z 0,45 USD.
BIP Wealth LLC purchased a new position in shares of Wells Fargo & Company (NYSE:WFC – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,054 shares of the financial services provider’s stock, valued at approximately $914,000.
Other institutional investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd boosted its position in Wells Fargo & Company by 4.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 350,567 shares of the financial services provider’s stock worth $32,673,000 after acquiring an additional 14,168 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Wells Fargo & Company by 4.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 412,511 shares of the financial services provider’s stock valued at $38,446,000 after purchasing an additional 17,302 shares during the last quarter. Norges Bank acquired a new stake in shares of Wells Fargo & Company in the fourth quarter valued at approximately $4,512,563,000. Winning Points Advisors LLC bought a new stake in shares of Wells Fargo & Company in the fourth quarter worth $3,384,000. Finally, Xponance LLC lifted its position in shares of Wells Fargo & Company by 4.4% in the fourth quarter. Xponance LLC now owns 502,070 shares of the financial services provider’s stock worth $46,793,000 after purchasing an additional 20,967 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In WFC has been the topic of several recent analyst reports. Wall Street Zen raised Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Morgan Stanley raised their target price on shares of Wells Fargo & Company from $97.00 to $102.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. UBS Group lowered their target price on shares of Wells Fargo & Company from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird upped their price target on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.61.
Check Out Our Latest Analysis on WFC Wells Fargo & Company News Roundup Here are the key news stories impacting Wells Fargo & Company this week:
Positive Sentiment: Wells Fargo established a new Series HH preferred stock, expanding its capital-raising options. A related analysis highlights the preferred shares’ roughly 6.6% yield, which may appeal to income-focused investors and support interest in Wells Fargo’s securities. Skip The CDs For Wells Fargo’s 6.6% Yielding Preferred Share Wells Fargo Establishes New Series HH Preferred Stock Positive Sentiment: Valuation commentary says WFC still appears discounted to an intrinsic-value estimate after generating a 126.5% total return over three years. That suggests potential long-term upside, although the size of the discount may be narrowing. Wells Fargo Stock Looks Cheap On Fair Value But Full On Earnings Neutral Sentiment: Recent fundamental performance remains solid: Wells Fargo’s latest reported quarter exceeded earnings and revenue estimates, with year-over-year revenue growth. However, investors may be weighing those results against the stock’s already substantial gains. Negative Sentiment: Wells Fargo has lagged some major-bank peers in 2026, particularly BNY Mellon, highlighting concerns that its business mix may be less favorable in the current market environment. Which Big Bank Stock Has Dominated in 2026 Negative Sentiment: Commentary noting that WFC looks attractive on fair value but “full” on earnings suggests investors may be taking profits or demanding stronger catalysts before pushing the stock higher. Separate market coverage also recorded a recent decline while the broader market improved, indicating relative selling pressure. Wells Fargo Stock Declines While Market Improves Wells Fargo & Company Price Performance WFC stock opened at $83.69 on Friday. The company has a market capitalization of $253.08 billion, a P/E ratio of 12.16, a PEG ratio of 0.93 and a beta of 0.92. The company has a fifty day moving average price of $86.08 and a 200-day moving average price of $82.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a 52-week low of $72.78 and a 52-week high of $97.76.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.23. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter in the previous year, the company earned $1.60 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Wells Fargo & Company will post 7.26 EPS for the current year.
Wells Fargo & Company Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 7th. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.4%. Wells Fargo & Company’s dividend payout ratio is currently 29.07%.
(Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
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Bridgewater Advisors Inc. ve 2. čtvrtletí koupila nový podíl ve Wells Fargo o 7 865 akciích za zhruba 685 000 USD. Institucionální investoři nyní drží 75,90 % akcií.
Bridgewater Advisors Inc. purchased a new stake in shares of Wells Fargo & Company (NYSE:WFC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,865 shares of the financial services provider’s stock, valued at approximately $685,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of WFC. Norges Bank bought a new stake in Wells Fargo & Company in the fourth quarter valued at about $4,512,563,000. Amundi boosted its stake in Wells Fargo & Company by 73.0% in the first quarter. Amundi now owns 16,463,550 shares of the financial services provider’s stock worth $1,310,663,000 after purchasing an additional 6,944,316 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in Wells Fargo & Company by 177.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,876,127 shares of the financial services provider’s stock worth $454,455,000 after buying an additional 3,120,399 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Wells Fargo & Company by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,625,070 shares of the financial services provider’s stock valued at $1,922,257,000 after purchasing an additional 2,369,260 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Wells Fargo & Company in the 4th quarter valued at $173,651,000. Institutional investors own 75.90% of the company’s stock.
Wall Street Analysts Forecast Growth WFC has been the subject of several analyst reports. Bank of America lifted their price target on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wells Fargo & Company in a research report on Friday, July 17th. Phillip Securities raised shares of Wells Fargo & Company from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Finally, Truist Financial raised their price objective on Wells Fargo & Company from $90.00 to $94.00 and gave the company a “buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.61.
Read Our Latest Report on Wells Fargo & Company Key Wells Fargo & Company News Here are the key news stories impacting Wells Fargo & Company this week:
Positive Sentiment: Wells Fargo established a new Series HH preferred stock, expanding its capital-raising options. A related analysis highlights the preferred shares’ roughly 6.6% yield, which may appeal to income-focused investors and support interest in Wells Fargo’s securities. Skip The CDs For Wells Fargo’s 6.6% Yielding Preferred Share Wells Fargo Establishes New Series HH Preferred Stock Positive Sentiment: Valuation commentary says WFC still appears discounted to an intrinsic-value estimate after generating a 126.5% total return over three years. That suggests potential long-term upside, although the size of the discount may be narrowing. Wells Fargo Stock Looks Cheap On Fair Value But Full On Earnings Neutral Sentiment: Recent fundamental performance remains solid: Wells Fargo’s latest reported quarter exceeded earnings and revenue estimates, with year-over-year revenue growth. However, investors may be weighing those results against the stock’s already substantial gains. Negative Sentiment: Wells Fargo has lagged some major-bank peers in 2026, particularly BNY Mellon, highlighting concerns that its business mix may be less favorable in the current market environment. Which Big Bank Stock Has Dominated in 2026 Negative Sentiment: Commentary noting that WFC looks attractive on fair value but “full” on earnings suggests investors may be taking profits or demanding stronger catalysts before pushing the stock higher. Separate market coverage also recorded a recent decline while the broader market improved, indicating relative selling pressure. Wells Fargo Stock Declines While Market Improves Wells Fargo & Company Price Performance NYSE:WFC opened at $83.69 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average price is $86.08 and its two-hundred day moving average price is $82.97. The firm has a market capitalization of $253.08 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 0.93 and a beta of 0.92. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.73 by $0.23. The company had revenue of $22.62 billion during the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. On average, analysts anticipate that Wells Fargo & Company will post 7.26 earnings per share for the current year.
Wells Fargo & Company Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Wells Fargo & Company’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 7th. Wells Fargo & Company’s dividend payout ratio (DPR) is presently 29.07%.
(Free Report)
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
Featured Stories Five stocks we like better than Wells Fargo & Company 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).
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Wells Fargo očekává v roce 2026 čistý úrokový výnos kolem 50 miliard USD, po 47,5 miliardy USD v roce 2025. V 1. pololetí 2026 vzrostl meziročně o 5,2 % na 24,4 miliardy USD.
Key Takeaways WFC targets approximately $50B in 2026 NII, up from $47.5B in 2025.Wells Fargo's NII rose 5.2% y/y to $24.4B in the first half of 2026, led by balance-sheet growth.CBL generated $15.3B in NII in the first half of 2026, accounting for 62.6% of WFC's total NII. Wells Fargo & Company (WFC - Free Report) expects its net interest income (NII) to reach approximately $50 billion in 2026, up from $47.5 billion in 2025. The outlook reflects continued balance-sheet expansion following the removal of the asset cap, along with a favorable loan and deposit mix and fixed-asset repricing.
Over the past three years (ended 2025), the company’s NII expanded at a compounded annual growth rate (CAGR) of 1.8%. The growth trend improved in the first half of 2026, with NII rising 5.2% year over year to $24.4 billion. Management expects stronger NII growth in the second half of 2026, supported by continued balance-sheet expansion and improving loan and deposit trends.
Consumer Banking and Lending (CBL) remains a key contributor to NII growth. The segment generated $15.3 billion of NII in the first half of 2026, accounting for 62.6% of Wells Fargo’s total NII. Growth in consumer lending, particularly auto and credit cards, is supporting earning-asset growth and driving the bank’s NII momentum.
The removal of WFC’s asset cap in June 2025 has further strengthened its ability to expand the balance sheet. With the restriction lifted and the final outstanding consent order closed in early 2026, the bank can pursue loan and deposit growth more aggressively. Management expects average loans to increase at a mid-single-digit rate in 2026, primarily driven by commercial, auto and credit card lending, while average deposits are projected to grow at a mid-single-digit rate across all operating segments. This balance-sheet expansion is expected to support NII by increasing earning assets and strengthening the funding base.
Overall, a stable interest-rate environment, combined with a favorable balance-sheet mix and fixed-asset repricing, is expected to support WFC’s NII growth through the remainder of 2026. With management expecting stronger growth in the second half, the bank remains on track to reach its approximately $50 billion NII target for 2026.
What Do WFC’s Peers Say About Their 2026 NII Expectations?The two peers of Wells Fargo are Citigroup Inc. (C - Free Report) and The PNC Financial Services Group, Inc. (PNC - Free Report) .
Citigroup’s NII increased at a three-year CAGR of 6.2% through 2025, with the uptrend continuing in the first half of 2026. The company continues to witness solid growth in loan and deposit balances. Management expects NII, excluding Markets, to increase 5-6% in 2026, supported by loan growth and stabilizing funding dynamics.
PNC’s NII has been a key contributor to top-line growth, increasing at a six-year CAGR of 6.3% through 2025. The uptrend continued in the first half of 2026, supported by commercial loan growth and a favorable deposit mix. Following strong second-quarter results, management raised its 2026 NII growth guidance to 15-15.5% from 14.5%, supported by robust loan growth, an improving deposit mix and continued repricing of fixed-rate assets.
WFC’s Price Performance, Valuation & EstimatesShares of Wells Fargo have gained 14.7% in the past year compared with the industry’s growth of 27.4%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, WFC trades at a forward price-to-earnings (P/E) ratio of 11.56X, below the industry’s average of 14.24X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WFC’s 2026 and 2027 earnings implies year-over-year rallies of 15.5% and 9.5%, respectively. Estimates for both years have been revised upward over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
WFC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.
A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on Sept. 15, 2026, to holders of record as of the close of business on Aug. 31, 2026.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.3 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 38 on Fortune’s 2026 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
It has been about a month since the last earnings report for Wells Fargo (WFC - Free Report) . Shares have added about 1.6% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Wells Fargo due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Wells Fargo Q2 Earnings Beat on NII & Fee Income GrowthWells Fargo reported second-quarter 2026 adjusted earnings per share of $1.96, which surpassed the Zacks Consensus Estimate of $1.73. In the prior-year quarter, the company reported earnings per share of $1.54.
Results benefited from an improvement in net interest income, higher non-interest income, and lower provisions. Higher loan balances and improved deposits were other positives. However, increased non-interest expenses remained a headwind.
Results included 4 cents per share of discrete tax benefits related to the resolution of prior-period matters. After considering this, net income (GAAP basis) was $6.41 billion, representing a 16.6% increase from the prior-year quarter.
Revenues Improve, Expenses Rise
Total revenues were $22.62 billion, surpassing the Zacks Consensus Estimate of $21.80 billion. Also, the top line increased 8.6% from the year-ago quarter.
NII was $12.32 billion, up 5.2% year over year. The increase was driven by lower deposit costs, higher loan and investment securities balances, balance sheet growth in the Markets business and higher interest-bearing commercial deposits, partially offset by the impact of lower interest rates on floating-rate assets and a modest decline in noninterest-bearing deposits.
The net interest margin (on a taxable-equivalent basis) contracted 25 basis points year over year to 2.43%.
Non-interest income grew 13.1% year over year to $10.31 billion. The increase was driven by strong performance from venture capital investments, higher investment advisory fees on improved market valuations, higher investment banking fees and increases in most other fee categories, partially offset by lower lease income related to the sale of the railcar leasing business.
Non-interest expenses of $13.66 billion increased 2.1% year over year. The increase was due to higher revenue-related and incentive compensation, increased technology and equipment expense and higher advertising expense, partly offset by lower lease expense and continued efficiency initiatives, including a 7% reduction in headcount.
Wells Fargo's efficiency ratio of 60% was lower than 64% in the year-ago quarter. A decline in the efficiency ratio indicates improvement in profitability.
Loan Balance & Deposits Improve
As of June 30, 2026, total average loans were $1.03 trillion, which increased 3.1% on a sequential basis. Total average deposits were $1.47 trillion, up 3.6% on a sequential basis.
Credit Quality Improves
The provision for credit losses was $914 million, down 9.1% from the year-ago quarter.
Net loan charge-offs were 0.34% of average loans in the reported quarter, down from 0.44% in the year-ago quarter. Non-performing assets declined marginally year over year to $7.94 billion.
Capital Ratios Decline
As of June 30, 2026, the Common Equity Tier 1 ratio under the Standardized Approach was 10.3%, down from 11.1% in the prior-year quarter.
Profitability Ratios Improve
Return on assets was 1.15% compared with 1.14% in the prior-year quarter. Return on equity was 15.0%, up from 12.8% a year ago.
OutlookThird Quarter 2026
The company expects modest NIM compression, broadly in line with the 4-basis-point sequential decline recorded in the second quarter. Deposit costs are projected to increase slightly due to continued growth in interest-bearing commercial and institutional deposits.
Fourth Quarter 2026
Wells Fargo expects NIM to stabilize following the anticipated third-quarter compression. The stabilization is expected to be supported by slower Markets balance-sheet growth, earning-asset expansion and continued repricing of the securities portfolio.
Average loan growth is expected to exceed the mid-single-digit increase projected earlier, reflecting stronger commercial, auto and credit card lending.
2026
Wells Fargo expects NII to be approximately $50 billion. NII excluding Markets is projected to be around $48 billion, driven by balance-sheet growth, a favorable loan and deposit mix, and continued fixed-asset repricing, partially offset by the impact of expected rate cuts.
Markets NII is expected to be around $2 billion, reflecting client-driven balance-sheet growth in lower-risk, lower-margin assets, compared with earlier expectations of an increase driven by lower short-term funding costs and client financings. The company continues to expect stronger NII growth in the second half of 2026 than in the first half.
Average loans are expected to increase mid-single digits, primarily driven by growth in commercial, auto, and credit card lending.
Average deposits are expected to increase by mid-single digits across all operating segments.
Non-interest expenses are projected to be around $55.7 billion. This is due to higher revenue-related compensation along with increased FDIC assessments, and continued investments in technology and other strategic initiatives.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
VGM ScoresCurrently, Wells Fargo has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Wells Fargo has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Wells Fargo letos na podzim začne vybraným firemním klientům nabízet tokenizované vklady pro převody mezi USD a GBP. Cílem je rychlejší a programovatelné vypořádání peněz v rámci bankovního systému.
Corporate treasurers may soon get the speed and programmability associated with stablecoins without moving their cash outside the banking system.
Wells Fargo said it will begin offering tokenized deposits to select corporate and commercial clients this fall. The blockchain-based service will initially support transfers between U.S. dollars and British pounds, allowing participating companies to move, program and settle funds around the clock. Wells Fargo plans to add clients, countries and currencies during 2027.
The announcement places Wells Fargo alongside JPMorgan and Citi in a widening contest over who will provide the digital money used for corporate payments. Stablecoin issuers have demonstrated that funds can move across borders and outside banking hours. Banks are responding by applying similar technology to deposits that remain within regulated institutions.
That distinction goes to the center of the emerging competition.
A stablecoin is generally backed by reserves held by its issuer and can move between participating wallets and platforms. A tokenized deposit remains a commercial bank liability, much like the balance displayed in a corporate checking account. The blockchain changes how the deposit moves and what companies can program it to do. It doesn’t change the basic relationship between the depositor and the bank.
For companies, that could remove a significant obstacle to blockchain adoption. Treasury departments wouldn’t need to convert bank deposits into a separate digital asset, manage an additional issuer relationship or create new procedures for holding and redeeming stablecoins. The funds would remain connected to existing compliance, liquidity and cash-management systems.
Wells Fargo is entering a field that has moved beyond experimentation. JPMorgan’s JPM Coin supports round-the-clock institutional settlement, while Citi Token Services enables clients to move liquidity across participating markets outside normal banking hours. Citi has also tested smart contracts that automatically release payment after a commercial condition, such as delivery of fuel to a ship, has been satisfied.
That programmability could prove more consequential than raw speed. A company could connect payment to the receipt of goods, approval of an invoice or completion of a contractual milestone. The payment instruction, business condition and record of settlement could become parts of the same workflow. That would reduce the manual handoffs that create reconciliation work and payment disputes.
Banks also bring a structural advantage. They already hold corporate operating deposits and provide credit, foreign exchange, fraud controls and liquidity services. The Bank for International Settlements has argued that tokenized commercial bank money can deliver many benefits of programmable payments while preserving a financial system anchored by central bank reserves. It has raised concerns that current stablecoin designs depend on prefunded reserves and may not always preserve convertibility at par.
Stablecoins retain an important advantage of their own: reach. They can move across platforms, countries and digital-asset networks without requiring both parties to bank with the same institution. A tokenized deposit operating inside one bank’s network risks becoming a faster version of a closed system.
That makes interoperability the next test. Wells Fargo says its service will eventually connect with a broader tokenized-deposit network and selected private networks. The value for corporate clients will rise sharply when a Wells Fargo tokenized deposit can reach a supplier using another bank without losing its speed, programmability or compliance information.
The banks have shown they can put deposits on blockchain rails. Now they must show those deposits can travel.
Wells Fargo spustila tokenizované vklady pro firemní klienty pro okamžité on-chain platby a vypořádání. BNY se spojila s Galaxy Digital, aby do své platformy pro úschovu digitálních aktiv přidala staking.
Key Takeaways WFC launches tokenized deposits enabling real-time on-chain payments and settlements for corporate clients.BNY partners with Galaxy Digital to add staking to its Digital Asset Custody platform, pending approval. WFC and BNY expand blockchain services to address digital asset demand and support future growth prospects. Wells Fargo & Company (WFC - Free Report) and The Bank of New York Mellon Corporation (BNY - Free Report) are expanding their digital assets capabilities as they move beyond their traditional crypto custody into blockchain-based financial services.
Wells Fargo has announced tokenized deposits for corporate clients to enable real-time on-chain payments and settlements, while BNY has partnered with Galaxy Digital (GLXY - Free Report) to add staking to its Digital Asset Custody platform. Although the initiatives target different areas of digital finance, they reflect a broader shift among large banks toward integrating blockchain technology into core financial services. As institutional demand for digital asset solutions continues to grow, both banks are expanding their service offerings to address evolving client needs and position themselves for long-term growth.
For Wells Fargo, the initiative is expected to enhance treasury management through programmable payments enabled by smart contracts, allowing funds to be released based on predefined conditions. The bank is also participating in a shared tokenized deposit network with JPMorgan, Bank of America and Citigroup through The Clearing House, aimed at enabling 24/7 blockchain-based payments, real-time liquidity management and cross-border settlements. The tokenized deposits solution retains the same regulatory protections and deposit insurance eligibility as the bank’s existing deposit products, allowing clients to benefit from blockchain-based functionality within the regulated banking system.
Meanwhile, BNY has partnered with Galaxy Digital to integrate staking into its Digital Asset Custody platform, combining custody and staking under a single institutional servicing model, subject to regulatory approval. Galaxy Digital will also serve as a design partner to enhance the bank’s blockchain infrastructure. The collaboration also builds on BNY's June 2026 partnership expansion with Circle Internet Group to support USDC on its Digital Asset Custody platform, reinforcing the bank's focus on institutional digital finance.
Although these initiatives are unlikely to materially affect near-term financial performance, they demonstrate the WFC and BNY’s commitment to evolving alongside changing market dynamics. Continued investment in innovative financial solutions could help strengthen customer relationships, broaden fee-generating opportunities, and support sustainable long-term growth as the financial services industry undergoes digital transformation.
Comparing Stock Performance: WFC vs. BNYOver the past year, shares of Wells Fargo have risen 13.4%, significantly trailing the 55.8% increase recorded by BNY.
Image Source: Zacks Investment Research
Bank of New York Mellon Corporation currently sports a Zacks Rank #1 (Strong Buy), while Wells Fargo carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Šéf Wells Fargo Charlie Scharf uvedl, že automatizace a umělá inteligence zruší desítky tisíc pracovních míst, ale banka zatím vidí silného amerického spotřebitele. Výdaje na kreditních kartách stouply o 10 % a na debetních kartách o 7 %.
Bank CEOs usually talk about AI the way they talk about weather. Something happening, worth mentioning, no need to alarm anyone. Wells Fargo (NYSE:WFC | WFC Price Prediction) chief Charlie Scharf went the other way on CNBC’s Squawk on the Street this morning, saying automation will eliminate tens of thousands of positions at the bank, then immediately arguing the American consumer is strong enough to absorb the blow. Both halves of that argument matter for anyone holding the stock.
Wells Fargo trades at $88.39 as of this writing, up 14% over the past year and down 7.15% year to date. The market is treating Scharf’s comments as management doing exactly what management is supposed to do.
The Job Cut Admission Scharf did not hedge. “Our headcount since I’ve been at the company is down 79,000 people. We’re down 15,000 over the past year, 7500 over the last quarter. And that has nothing to do with AI. But when we think about the ability to automate roles… it’s going to result in tens of thousands of fewer positions.”
The distinction matters. The 79,000 jobs already gone were a restructuring story. Wells Fargo has cut headcount for 24 consecutive quarters, ending Q2 2026 at 197,000 employees. The AI wave is a second, separate cut still ahead. Meanwhile, productivity gains are already showing up in the numbers.
Q1 2026 EPS was $1.60 on revenue of $21.446 billion, and Q2 diluted EPS jumped to $2.00, up 25% year over year while headcount fell 7%. Return on tangible common equity hit 17.7%, right at the top of the raised 17-18% medium-term target. Fewer people, more money, higher returns. You can see the strategy in the Q1 2026 8-K without squinting.
The Catch He Was Willing to Name Then Scharf said the thing most CEOs skip. “I do believe that this is a great thing for the economy, but the time periods might not match up, the skill levels might not match up. And so we all have to work really hard in private industry and with government to figure out how we’re going to bridge that gap.”
Translated, productivity gains from AI arrive fast and land in earnings. Retraining, geographic mobility, and new job creation arrive slowly and land on individual households. That mismatch is the actual macro risk, and it is not one a single bank can hedge. Scharf’s hedge on progress so far was blunt. “There’s more talk about it, but not enough that the private sector is doing to work with the government.”
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Why He’s Still Bullish on Your Wallet Scharf can stay optimistic because he sees the receipts every day. “Our credit card spend is up 10%. Our debit card spend is up 7%. Affluent, mass affluent and mass market each are driving about a third of the spend. About 70% of the increase in spend is from the mass customers… Delinquencies are down, savings rates are up.” And on wages, “paychecks rising faster than inflation for our customer base.”
The public data lines up. National credit card delinquencies sat at 2.92% at the start of 2026, drifting down from 2.98% last summer, still normalizing and nowhere near the 2009 peak near 6.8%. Real average hourly earnings hit $11.32 in June 2026, up from $11.18 two years earlier in inflation-adjusted dollars. Unemployment ticked down to 4.2% in June. Total personal consumption expenditures ran at an annualized $22,184.1 billion in June, a fresh high.
Wells Fargo’s consumer franchise reflects that. Q1 2026 new consumer checking openings ran up more than 15% year over year, credit card new accounts nearly 60% higher, and Wealth and Investment Management client assets reached $2.2 trillion, up 11%. Customer growth and employee reduction are moving in opposite directions on the same P&L.
What WFC Holders Should Actually Track Scharf handed investors the tell. If credit card and debit spend keep growing at those 10% and 7% paces and mass-market delinquencies stay tame, the AI productivity story stays clean, and Wells keeps returning cash.
The bank sent $4.0 billion back through buybacks in Q1 alone after $23 billion in 2025 total returns. If mass-market spend rolls over first, that is when the skills-and-timing mismatch stops being a policy essay and starts being a credit cycle. Watch the consumer.
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Headline earnings beats across money-center banks frequently mask deep divergences in net interest income sustainability and operational leverage. A rapid glance at big bank second-quarter 2026 earnings reports shows broad consensus beats across the board.
However, peeling back the layers reveals a stark operational bifurcation. Bank of America Corporation NYSE: BAC and JPMorgan Chase & Co. NYSE: JPM continue to convert sticky deposit bases into pristine margin expansion. The Goldman Sachs Group, Inc. NYSE: GS rides the cyclical wave of an artificial intelligence-driven mergers-and-acquisitions supercycle. Wells Fargo & Company NYSE: WFC battles to outrun margin compression via raw loan volume.
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Calibrating Portfolios for Elevated RatesAnalyzing this divergence can help investors identify the business models that are best calibrated to compound shareholder returns in a prolonged elevated-rate environment.
Investors seeking to navigate this terrain need to look past the top-line revenue to examine how efficiently these banks manage their liability costs and capitalize on secular growth trends. Understanding how these engines operate under pressure provides a clear roadmap for investing effectively.
How Bank of America Laps Wells FargoBank of America provides a textbook example of a liability-insensitive balance sheet functioning optimally. The company grew second-quarter revenue 15% year-over-year to $31.6 billion.
Bank of America Today
BAC
Bank of America
$61.42 -0.17 (-0.28%)
As of 02:42 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$44.75▼
$62.03Dividend Yield1.82%
P/E Ratio14.10
Price Target$63.77
The underlying engine of this success is 450 basis points of operating leverage generated in the first half of the year. Operating leverage occurs when revenue grows faster than expenses, signaling efficient core operations.
With net interest income reaching $16.2 billion, Bank of America management confidently revised full-year net interest income guidance to the upper end of its 6% to 8% growth target. Fixed-rate asset repricing against a loyal, low-cost deposit base creates a formidable margin-expansion engine that requires no pressure to chase high-cost deposits.
Bank of America improved its efficiency ratio to 59%, proving that traditional banking operations can thrive without aggressive risk-taking.
Wells Fargo & Company Today
WFC
Wells Fargo & Company
$87.82 +0.31 (+0.35%)
As of 02:42 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$72.78▼
$97.76Dividend Yield2.05%
P/E Ratio12.77
Price Target$98.50
Conversely, Wells Fargo & Company faces a fundamentally different reality. Despite netting a 16.5% year-over-year increase in net income to $6.4 billion, Wells Fargo experienced a post-earnings drop as investors digested underlying net interest margin compression.
The catalyst keeping Wells Fargo competitive is the Federal Reserve's 2025 removal of its $1.95 trillion asset cap. Unshackled from this regulatory constraint, the company expanded average loan balances by 12% year over year. Management expects margin stabilization by the fourth quarter of 2026.
Until that inflection point arrives, Wells Fargo remains reliant on raw loan origination volume to outpace the pricing pressures on its deposit base. The inability to seamlessly translate loan volume into expanding margins exposes inefficiencies relative to peers such as Bank of America.
Trading in the Fast Lane: Goldman Meets JPMorganThe Goldman Sachs Group Today
GS
The Goldman Sachs Group
$1,091.08 -60.99 (-5.29%)
As of 02:42 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$691.88▼
$1,153.99Dividend Yield1.65%
P/E Ratio16.88
Price Target$1,056.67
When elevated rates place ceilings on consumer borrowing, dealmaking, and trading, volatility must step in to bridge the revenue gap. Goldman Sachs reported an exceptional 25.5% return on tangible equity, capitalizing heavily on the multi-trillion-dollar AI infrastructure capital expenditure cycle.
Corporate clients seeking scale are driving sector-wide consolidation, pushing Goldman Sachs advisory revenues up 17% and sending its investment banking backlog to a five-year high. Equities financing skyrocketed 91% year over year, driven largely by robust demand across Asia-Pacific.
Because Goldman Sachs holds minimal traditional net interest income exposure, its earnings quality relies heavily on this capital markets momentum. The company currently operates as a high-octane cyclical play, tethered directly to corporate restructuring and tech infrastructure financing rather than sustained interest rate spreads.
JPMorgan Chase & Co. Today
JPM
JPMorgan Chase & Co.
$342.83 -4.08 (-1.18%)
As of 02:42 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$279.10▼
$351.24Dividend Yield1.75%
P/E Ratio14.70
Price Target$354.92
JPMorgan Chase & Co. offers a masterclass in balance sheet agility and revenue diversification. Generating a 23% return on tangible common equity on $16.9 billion in net income highlights a fortress balance sheet operating at peak efficiency.
While Goldman Sachs relies almost exclusively on capital markets, JPMorgan fired on all cylinders, with investment banking fees rising 30% and equities trading climbing 86%. Crucially, the company management matched this capital markets dominance by revising its ex-markets net interest income guidance upward to $96.5 billion.
This dual-engine approach insulates JPMorgan Chase from sudden drops in mid-cycle mergers-and-acquisitions activity while still capturing upside yield from traditional lending. Executive transitions that established Doug Petno and Troy Rohrbaugh as co-presidents set a clear succession framework, removing lingering leadership uncertainty from JPMorgan's risk premium.
How Banks Provision for PotholesStrong top-line revenue means little if a bank fails to provision accurately for future loan losses. Underlying consumer and commercial credit health remains the ultimate barometer of systemic stability. Bank of America recorded flat net charge-offs of $1.4 billion, accompanied by improving consumer card delinquency metrics.
JPMorgan Chase booked a highly calculated $149 million net reserve build alongside $2.4 billion in net charge-offs. These highly controlled provisioning metrics confirm that the consumer remains resilient. Standardizing delinquency rates across the sector represents a normalization from historic, stimulus-driven lows, rather than signaling acute macroeconomic deterioration.
A stabilizing regulatory environment also contributes to this sector-wide confidence. Commentary across earnings calls indicates an easing of headwinds regarding Basel III endgame adjustments and G-SIB surcharge methodologies. This regulatory clarity effectively lowers the risk premium previously priced into financial equities, allowing institutions to focus capital on client deployment rather than defensive hoarding.
Victory Lap: Dividends, Buybacks, and Strategic PositioningUnprecedented earnings inevitably lead to aggressive capital return programs, and the second quarter of 2026 proved highly lucrative for shareholders. JPMorgan Chase intends to hike its quarterly dividend to $1.65 per share. Goldman Sachs approved a 25% bump, raising its payout to $5 per share while executing a $4 billion share repurchase program. Bank of America and Wells Fargo returned $8 billion and $3 billion, respectively, through aggressive buybacks and dividend payouts.
Investors building an allocation strategy for a prolonged higher-for-longer rate environment might prioritize JPMorgan Chase or Bank of America for core portfolio defensibility and proven margin expansion capabilities.
Those with a higher risk tolerance could add Goldman Sachs to their watchlist for exposure to the artificial intelligence infrastructure and dealmaking supercycle. Cautious investors may prefer to wait for clear stabilization of Wells Fargo's net interest margin before taking a heavy position.
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Wells Fargo & Company (WFC) Q2 2026 Earnings Call July 14, 2026 10:00 AM EDT
Company Participants
John Campbell - Director of Investor Relations
Charles Scharf - CEO & Chairman
Michael Santomassimo - Senior EVP & CFO
Conference Call Participants
Kenneth Usdin - Bernstein Autonomous LLP
John McDonald - Truist Securities, Inc., Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
David Chiaverini - Jefferies LLC, Research Division
Vivek Juneja - JPMorgan Chase & Co, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Presentation
Operator
Welcome, and thank you for joining the Wells Fargo Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded. I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin the conference.
John Campbell
Director of Investor Relations
Good morning, everyone. Thanks for joining our call today where our CEO, Charlie Scharf; and our CFO, Mike Santomassimo, will discuss second quarter results and answer your questions. This call is being recorded. Before we get started, I would like to remind you that our second quarter earnings materials, including the release, financial supplement and presentation deck are available on our website at wellsfargo.com. I'd also like to caution you that we may make forward-looking statements during today's call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings including the Form 8-K filed today containing our earnings materials. Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures, can also be found in our SEC filings and the earnings materials available on
Wells Fargo oznámila za 2. čtvrtletí růst EPS o 25 % na 2 USD a tržeb o 9 %. Banka zároveň potvrdila celoroční výhled čistého úrokového výnosu kolem 50 miliard USD.
Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and MastercardWells Fargo & Company NYSE: WFC reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year.
Chief Executive Officer Charlie Scharf said diluted earnings per share rose 25% from a year earlier to $2, while revenue increased 9%. Net interest income grew 5%, and non-interest income rose 13%, reflecting what Scharf described as progress toward building a more balanced revenue mix with higher fee-based revenue.
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3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test“We are clearly benefiting from the economic strength we see in the U.S., but the investments we are making and our improved operating discipline drove strong momentum and continued to result in improved performance,” Scharf said.
Chief Financial Officer Mike Santomassimo said net income increased 17% year over year to $6.4 billion. The quarter included $132 million, or $0.04 per share, of discrete tax benefits tied to the resolution of prior-period matters.
Revenue Growth Across All Operating Segments Ally Financial Is Back to Basics—And Investors Are WatchingScharf said each of Wells Fargo’s operating segments generated higher net interest income and non-interest income compared with a year earlier. In Consumer Banking and Lending, revenue rose 6%, helped by growth in checking accounts, credit cards and auto lending. Scharf said consumer primary checking accounts have increased year over year for 13 consecutive quarters, supported by investments in marketing and digital account opening.
Credit card momentum continued, with new accounts increasing 46% from a year earlier. Scharf said the company has enhanced its credit card products over the past five years and improved customer experience, but noted that rapid growth in the business carries near-term profitability pressure because of upfront costs tied to marketing, promotional rates, onboarding and reserves. He said card vintages from 2022 through 2024 are now adding to profitability, while larger 2025 and 2026 vintages are still absorbing upfront costs.
Auto lending also expanded, with originations rising 41% year over year and average balances up 31%. Scharf said growth was partly due to Wells Fargo becoming the preferred financing provider for Volkswagen and Audi vehicles in the U.S., adding that credit performance has remained in line with expectations.
In Wealth and Investment Management, revenue increased 13%. Client assets rose 15% to more than $2.4 trillion, driven by higher market valuations and four consecutive quarters of positive net flows. Scharf said Wells Fargo has invested more than $1 billion in recent years to modernize the unit’s technology platform, including the second-quarter launch of Advisor Gateway, a desktop platform with generative AI capabilities.
Investment Banking and Markets Drive CIB Results Corporate and Investment Banking revenue rose 16% from a year earlier. Scharf said markets revenue grew 24%, aided by balance sheet growth to support client financing activity. He noted that while this activity can lower net interest margin because it carries lower spreads, it has “good returns and profitability” and can support broader client relationships.
Santomassimo said Wells Fargo has increased its markets balance sheet by $198 billion since the end of 2024, with about 60% in financing balances, 20% in trading and 20% in lending within the business. He said the company is tracking client-level results and is seeing additional business from clients receiving incremental financing.
Banking revenue within Corporate and Investment Banking rose 20%, supported by investment banking fees and activity in equity and debt capital markets. Santomassimo said firmwide investment banking fees exceeded $900 million in the quarter, a record. Scharf highlighted Wells Fargo’s year-to-date leveraged finance market share of 7.2%, its No. 3 ranking in that category, a 3.8% share in equity capital markets and a move from No. 9 to No. 4 among U.S. advisors by announced M&A deal volume.
Commercial Banking revenue increased 6% from a year earlier. Scharf said targeted hiring in 20 high-density markets where Wells Fargo is under-penetrated has helped drive client growth and higher loan and deposit balances. He also said the company is investing in treasury management and payments, including blockchain-based payment rails intended to make cross-border payments faster, more transparent and more predictable.
Expenses, Headcount and Capital Returns Expenses increased 2% from a year earlier, reflecting investments in technology, advertising and revenue-related compensation, partially offset by efficiency initiatives. Santomassimo said Wells Fargo’s efficiency ratio improved to 60%, down four percentage points from a year earlier.
Scharf said headcount has declined for 24 consecutive quarters. The company ended the second quarter with 197,000 employees, down 79,000 from six years ago, 15,000 from last year and 3,500 from the prior quarter. He said Wells Fargo is using those efficiencies to fund investments including branch bankers, investment advisors, commercial banking relationship managers, investment bankers, traders, marketing, product development, AI and cybersecurity.
Wells Fargo returned more than $9.8 billion of capital to shareholders in the first half of 2026, including $7 billion of common stock repurchases. Santomassimo said the company repurchased $3 billion of common stock in the second quarter, and common shares outstanding declined 6% from a year earlier. The company’s common equity Tier 1 ratio was 10.3%, within its 10% to 10.5% target range and above its regulatory minimum plus buffers of 8.5%.
Scharf said Wells Fargo expects to raise its third-quarter common stock dividend by 11% to $0.50 per share, subject to board approval later this month.
Credit Quality Remains Strong Executives said credit performance remained strong across consumer and commercial portfolios. Santomassimo said the net loan charge-off ratio declined 10 basis points from a year earlier to 34 basis points of average loans. Commercial net loan charge-offs declined to 10 basis points, while consumer loan charge-offs also improved, including continued net recoveries in residential mortgage.
During the question-and-answer session, Santomassimo said consumer delinquency trends have been better than the company modeled throughout the year, with no meaningful deterioration by FICO score or income cohort. He also said Wells Fargo is not seeing systemic issues in the commercial portfolio, though individual borrower issues can arise.
Asked about underwriting conditions, Scharf said consumer lending competition appears broadly consistent, but he described wholesale lending as more varied. He said significant capital is being deployed by banks and non-banks across risk assets, including areas related to data centers and strategic transactions. Scharf said Wells Fargo is staying within its risk tolerances and underwriting only the parts of transactions where it is comfortable with the credit profile.
Outlook Maintained as NIM Remains in Focus Santomassimo said Wells Fargo is maintaining its full-year 2026 net interest income outlook of approximately $50 billion, including about $48 billion excluding markets and about $2 billion from markets. He said average loans rose 12% year over year in the second quarter, and loan growth in the fourth quarter is likely to exceed the mid-single-digit increase the company assumed in January.
Net interest margin declined four basis points from the first quarter, which Santomassimo attributed mainly to growth in interest-bearing deposits and continued growth in markets activity. He said Wells Fargo expects modest net interest margin compression in the third quarter, broadly in line with the second-quarter decline, before stabilization in the fourth quarter.
In response to analyst questions, Scharf emphasized that the pressure on net interest margin is tied to deliberate growth decisions, particularly in markets financing and interest-bearing deposit growth, rather than factors simply “happening” to the company. He said Wells Fargo can slow or reverse some activity if it does not generate the expected returns, but added that early results show higher trading revenue and share gains from clients receiving financing.
Wells Fargo also maintained its 2026 non-interest expense outlook of approximately $55.7 billion. Santomassimo said first-half expenses were in line with expectations, and higher revenue-related expenses in the second half are expected to be offset by efficiency initiatives elsewhere.
Scharf reiterated confidence in Wells Fargo’s medium-term target of a sustainable return on tangible common equity of 17% to 18%. The company reported ROTCE of 17.7% in the second quarter and 16.1% for the first half of 2026. Scharf said venture capital equity gains helped returns in the quarter, but he said broader growth and efficiency trends are what support confidence in reaching the target over a “reasonable timeframe,” assuming favorable conditions continue.
About Wells Fargo & Company NYSE: WFCWells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Wells Fargo (WFC - Free Report) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +13.30%. A quarter ago, it was expected that this biggest U.S. mortgage lender would post earnings of $1.58 per share when it actually produced earnings of $1.56, delivering a surprise of -1.27%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Wells Fargo, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $22.62 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.76%. This compares to year-ago revenues of $20.82 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Wells Fargo shares have lost about 5.9% since the beginning of the year versus the S&P 500's gain of 9.8%.
What's Next for Wells Fargo?While Wells Fargo has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Wells Fargo was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $22.26 billion in revenues for the coming quarter and $6.98 on $87.77 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Evercore (EVR - Free Report) , is yet to report results for the quarter ended June 2026.
This investment bank is expected to post quarterly earnings of $2.74 per share in its upcoming report, which represents a year-over-year change of +13.2%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.
Evercore's revenues are expected to be $927.19 million, up 10.5% from the year-ago quarter.
Wells Fargo má podle analytiků za čtvrtletí vykázat zisk na akcii 1,74 USD a tržby 21,8 miliardy USD, což je meziročně o 13 % a 4,7 % více. Odhad EPS byl za posledních 30 dní snížen o 0,2 %.
In its upcoming report, Wells Fargo (WFC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.74 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $21.8 billion, representing a year-over-year increase of 4.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Wells Fargo metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Book value per common share' to reach $53.96 . The estimate is in contrast to the year-ago figure of $51.13 .
The consensus estimate for 'Average Balance - Total interest-earning assets' stands at $2040.00 billion. Compared to the current estimate, the company reported $1762.16 billion in the same quarter of the previous year.
Analysts expect 'Return on equity (ROE) - Financial Ratios' to come in at 13.0%. The estimate is in contrast to the year-ago figure of 12.8%.
Analysts' assessment points toward 'Efficiency Ratio' reaching 63.1%. Compared to the present estimate, the company reported 64.0% in the same quarter last year.
It is projected by analysts that the 'Common Equity Tier 1 (CET1) - Standardized Approach' will reach 10.1%. Compared to the present estimate, the company reported 11.1% in the same quarter last year.
According to the collective judgment of analysts, 'Total nonperforming assets' should come in at $8.99 billion. Compared to the present estimate, the company reported $7.96 billion in the same quarter last year.
The average prediction of analysts places 'Tier 1 Leverage Ratio' at 6.9%. The estimate compares to the year-ago value of 8.0%.
The combined assessment of analysts suggests that 'Total nonaccrual loans' will likely reach $8.69 billion. Compared to the current estimate, the company reported $7.76 billion in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net loan charge-offs' of $1.15 billion. Compared to the present estimate, the company reported $997.00 million in the same quarter last year.
Analysts predict that the 'Tier 1 Capital Ratio - Standardized Approach' will reach 11.2%. The estimate is in contrast to the year-ago figure of 12.4%.
Based on the collective assessment of analysts, 'Net interest income (on a taxable-equivalent basis)' should arrive at $12.44 billion. Compared to the present estimate, the company reported $11.79 billion in the same quarter last year.
The consensus among analysts is that 'Total Noninterest Income' will reach $9.47 billion. The estimate compares to the year-ago value of $9.11 billion.
View all Key Company Metrics for Wells Fargo here>>>
Over the past month, Wells Fargo shares have recorded returns of +4.4% versus the Zacks S&P 500 composite's +1.1% change. Based on its Zacks Rank #3 (Hold), WFC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Wells Fargo plánuje zvýšit dividendu za 3. čtvrtletí 2026 o 11 % na 50 centů na akcii, pokud to v červenci schválí představenstvo. Zároveň pokračuje ve zpětném odkupu akcií; v programu zbývá 25,7 mld. USD.
Key Takeaways WFC plans to raise its Q3'26 dividend by 11% to 50 cents per share, subject to the board's approval in July.Following the Fed's 2026 stress test, WFC's stress capital buffer remains at the 2.5% regulatory minimum.WFC continues buybacks with $25.7B remaining authorization, backed by strong liquidity. Wells Fargo & Company (WFC - Free Report) remains committed to rewarding shareholders through dividend payments and share repurchases while maintaining a strong capital position. Following the successful completion of the Federal Reserve's 2026 supervisory stress test on June 24, 2026, the company announced its intention to increase its third-quarter 2026 common stock dividend by 11% to 50 cents per share, subject to board approval in July.
Prior to this planned increase, Wells Fargo raised its quarterly dividend by 12.5% to 45 cents per share in July 2025. Over the past five years, the company has increased its dividend six times. WFC has a five-year annualized dividend growth rate of 24% and a payout ratio of 27%. It currently offers a dividend yield of 2.2%, higher than the industry's 1.7%.
Dividend Yield
Image Source: Zacks Investment Research
Notably, as announced by the Federal Reserve in February 2026, this year's stress test results did not impact bank capital requirements, and Wells Fargo's stress capital buffer remained at the regulatory minimum of 2.5%, providing continued flexibility to return capital to shareholders.
Apart from dividends, Wells Fargo has been actively executing share repurchases. In April 2025, the company's board of directors authorized an additional $40 billion share repurchase program, following the $30 billion authorization announced in July 2023. As of March 31, 2026, approximately $25.7 billion remained available under the repurchase authorization.
As of March 31, 2026, Wells Fargo had total debt of $450.5 billion, comprising $183.9 billion of long-term debt and $266.6 billion of short-term borrowings. It also held $174.8 billion in liquid assets, including cash and due from banks as well as interest-earning deposits with banks. Further, the company's liquidity coverage ratio of 120% remained comfortably above the regulatory minimum requirement of 100%, reflecting a solid liquidity position. The company also carries investment-grade long-term issuer ratings of A+ from Fitch Ratings, A1 from Moody's and BBB+ from S&P Global Ratings. These ratings reflect that the company will likely be able to continue meeting its debt obligations, even if the economic situation worsens.
With an expected dividend increase, a sizable share repurchase authorization, strong liquidity and a resilient capital position, Wells Fargo appears well-positioned to continue rewarding shareholders through a combination of steady income and capital returns.
How Is WFC Placed in Capital Returns Compared With Peers?Other large banks, including Citigroup Inc. (C - Free Report) and The PNC Financial Services Group (PNC - Free Report) , also announced enhanced capital return plans following the completion of the Fed's 2026 stress test process.
Citigroup plans to increase its quarterly common stock dividend by 12% to 67 cents per share from 60 cents, subject to quarterly approval by its board of directors, beginning in the third quarter of 2026. The company also commenced a $30 billion multi-year share repurchase program in the second quarter of 2026. Prior to this, Citigroup's board had authorized a $20 billion share repurchase program in January 2025, under which $0.5 billion remained available as of March 31, 2026.
PNC Financial plans to raise its quarterly cash dividend by 18% to $2 per share from $1.7, subject to board approval at its July 6, 2026, meeting. Beyond dividends, the company continues to execute share repurchases under its 100 million-share authorization approved in July 2022. As of March 31, 2026, nearly 32 million shares remained available for repurchase.
WFC’s Price Performance & Zacks RankWells Fargo shares have rallied 4.9% in the past three months compared with the industry’s growth of 15.7%.
Price Performance
Image Source: Zacks Investment Research
At present, WFC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wells Fargo dokončila stresový test Fedu pro rok 2026 a plánuje zvýšit dividendu o 11 % na 0,50 USD na akcii. Schválení musí ještě dát představenstvo v červenci.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the Federal Reserve’s 2026 supervisory stress test process. As previously announced by the Federal Reserve, this year’s stress test results do not impact bank capital requirements, and Wells Fargo’s stress capital buffer (SCB) remains at 2.5%.
The Company also announced that it expects to increase its third quarter 2026 common stock dividend by 11% to $0.50 per share from $0.45 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July. Additionally, the Company has capacity to continue repurchasing common stock, which will be routinely assessed as part of the Company’s internal capital adequacy framework that considers current market conditions, regulatory capital requirements, and other risk factors.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
Cautionary Statement About Forward-Looking Statements
This news release contains forward-looking statements about our future regulatory capital levels and possible future capital actions, including common stock dividends and repurchases. Because forward-looking statements are based on our current expectations and assumptions regarding the future, they are subject to inherent risks and uncertainties. Do not unduly rely on forward-looking statements as actual results could differ materially from expectations. Forward-looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date. Actual capital levels and capital actions may vary materially from expectations due to a number of factors, including those described in our reports filed with the Securities and Exchange Commission and available on its website at www.sec.gov. The amount and timing of any future common stock dividends or repurchases will depend on the earnings, cash requirements and financial condition of the Company, the impact to our balance sheet of expected customer activity, our capital requirements and long-term targeted capital structure, the results of supervisory stress tests, market conditions (including the trading price of our stock), regulatory and legal considerations, including regulatory requirements under the Federal Reserve Board’s capital plan rule, and other factors deemed relevant by the Company, and may be subject to regulatory approval or conditions.
