Wells Fargo & Company NYSE:WFC Price, Chart, News & Insight

Wells Fargo Slips Friday, Gains After Hours Following Truist Price Target Increase

Wells Fargo (NYSE: WFC) shares fell 1.0% during Friday's regular trading session before rebounding about 0.4% in after-hours trading after Truist Financial raised its price target on the bank.

Truist analyst John McDonald increased the firm's price target on Wells Fargo to $94 from $90 while reiterating a Buy rating. The higher target reflects confidence in the bank's execution and its ability to continue improving profitability through growth in commercial banking and capital markets businesses.

While the rating update was not enough to prevent Friday's decline, it helped support sentiment after the close, with investors responding positively to the upgraded valuation and Truist's continued optimism about Wells Fargo's long-term earnings outlook.

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The Investor 06-27-26

Wells Fargo & Company reported first-quarter 2026 net income of $5.3 billion, or $1.60 per share, supported by broad-based business growth and strong credit performance.

Revenue rose 6% year-over-year, with loans up 11% and deposits up 7%, while earnings per share increased 15%. Growth was driven by both higher net interest income and noninterest income, alongside solid performance across consumer banking, commercial banking, investment banking, and wealth management.

The bank returned $4 billion to shareholders through buybacks and benefited from a $135 million tax-related gain. Management highlighted resilient economic conditions and strong customer financial health despite market volatility.

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WS Investor 04-14-26

Wells Fargo reported fourth-quarter 2025 net income of $5.4 billion, or $1.62 per diluted share, up from $5.1 billion and $1.43 a year earlier, reflecting improved profitability and solid business momentum. Excluding a notable severance expense, net income reached $5.8 billion, or $1.76 per share. Quarterly revenue rose to $21.3 billion, while expenses and credit provisions declined year on year.

The bank delivered a return on equity of 12.3% and return on tangible common equity of 14.5%, alongside growth in average loans and deposits across both consumer and commercial segments. During the quarter, Wells Fargo repurchased $5.0 billion of common stock, underscoring its strong capital position.

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WS Investor 01-14-26

Wells Fargo announced it will redeem all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due January 15, 2027, on January 15, 2026, at 100% of principal plus accrued interest. Following the redemption, a related covenant restricting Wells Fargo’s ability to repurchase or redeem its Series BB preferred stock will no longer apply.

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The Investor 12-12-25

Wells Fargo Reports $5.6 Billion Q3 Profit, Earnings Rise to $1.66 per Share

Wells Fargo posted third-quarter 2025 net income of $5.6 billion, up from $5.1 billion a year earlier, with earnings per share rising to $1.66. Revenue increased 5% to $21.4 billion, driven by higher net interest income and broad-based fee growth. Return on equity improved to 12.8%, and the bank repurchased $6.1 billion in stock during the quarter. CEO Charlie Scharf, newly appointed as board chairman, said strong loan growth, solid credit performance, and resilient consumer spending supported results despite ongoing economic uncertainty.

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European Investor 10-14-25

Wells Fargo Reports Q2 2025 Earnings: Net Income Rises to $5.5 Billion, EPS $1.60

Wells Fargo & Company reported second-quarter 2025 net income of $5.5 billion, or $1.60 per diluted share, up from $4.9 billion or $1.33 per share a year earlier. Revenue rose slightly to $20.8 billion, while noninterest expense remained stable at $13.4 billion.

Credit loss provisions decreased to $1.0 billion from $1.2 billion last year. Average loans held steady at $916.7 billion, while average deposits dipped slightly to $1.33 trillion. Return on equity (ROE) rose to 12.8% and return on tangible common equity (ROTCE) improved to 15.2%.

Segment-wise, corporate and investment banking showed strong growth, with loans up 4% year-over-year. Consumer banking and lending saw a slight decline in loan volume.

The quarter also included a $253 million gain from acquiring the remaining interest in the company’s merchant services joint venture.
Wells Fargo repurchased $3.0 billion in stock during the quarter and announced plans to increase its dividend by 12.5% in Q3, pending board approval. CEO Charlie Scharf highlighted the lifting of the Federal Reserve’s asset cap as a major milestone, positioning the bank for renewed growth.

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WS Investor 07-15-25

S&P Global 'positive' on Wells Fargo as regulatory burden lifts

The U.S. Federal Reserve's unprecedented, seven-year long punitive measure was imposed on Wells in 2018 and restricted balance sheet growth so the bank could address rampant governance and compliance concerns that had been brought to light in a fake accounts scandal in 2016. The Fed's unanimous decision on Tuesday capped years of efforts by the bank to repair the damage and pay off billions of dollars in fines, sending Wells Fargo shares to a three-month high a day later. "The positive outlook on the holding company reflects our view that Wells Fargo has substantially improved its underlying governance, risk, and control profile, allowing for the removal of the Fed's asset cap," said S&P.

(ca.finance.yahoo.com)

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WS News 06-07-25

Wells Fargo Issues $8 Billion in Medium-Term Notes

SAN FRANCISCO – Wells Fargo & Company (NYSE: WFC) has announced the issuance of $8 billion in Medium-Term Notes, Series W, dated April 23, 2025, as disclosed in a recent SEC Form 8-K filing.

The debt offering includes:

$3 billion in Senior Redeemable Fixed-to-Floating Rate Notes due April 23, 2036

$2.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due April 23, 2031

$2.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due April 23, 2029

$500 million in Senior Redeemable Floating Rate Notes due April 23, 2029

These offerings were made under the company’s shelf registration on Form S-3 (File No. 333-269514). Supporting documentation filed with the SEC includes the forms of the notes, a legal opinion from Faegre Drinker Biddle & Reath LLP, and the firm’s consent as tax counsel.

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ME NEWS 04-24-25

Wells Fargo Q1 2025 Earnings Summary

Net income: $4.9 billion
Earnings per share (EPS): $1.39 (up 16% year-over-year)
Total revenue: $20.1 billion (down 3% year-over-year)
Return on equity (ROE): 11.5%
Return on tangible common equity (ROTCE): 13.6%
Net interest income: $11.5 billion (down 6%)
Noninterest income: $8.7 billion (flat year-over-year)
Efficiency ratio: 69%
CET1 ratio: 11.1%
Liquidity coverage ratio: 125%
Net charge-offs: $1.0 billion

Key items included in Q1 2025:
- $313 million discrete tax benefits from prior period resolution
- $263 million gain on sale of commercial mortgage servicing segment
- $149 million loss on debt securities repositioning

Segment highlights:

Consumer Banking and Lending:
- Net income: $1.69 billion (down 1%)
- Revenue: $8.91 billion (down 2%)
- Loan balances declined 4% year-over-year
- Deposit balances increased 1%
- Credit card revenue up 2%, auto lending down 21%
- Noninterest expense down 2% due to efficiency improvements

Commercial Banking:
- Net income: $794 million (down 19%)
- Revenue: $2.93 billion (down 7%)
- Net interest income declined 13%
- Noninterest income rose 8% on higher treasury and investment banking fees

Corporate and Investment Banking:
- Net income: $1.94 billion (down 2%)
- Revenue: $5.06 billion (up 2%)
- Investment banking revenue up 13%
- Commercial real estate revenue up 18%
- Markets revenue stable; strong results in commodities and FX

Wealth and Investment Management:
- Net income: $392 million (up 3%)
- Revenue: $3.87 billion (up 4%)
- Asset-based fees rose due to higher market valuations
- Client assets: $2.23 trillion (up 2%)
- Deposit balances up 22% year-over-year

Corporate:
- Net income: $78 million (compared to $435 million loss last year)
- Revenue dropped due to lower venture capital and securities results
- Noninterest expense down significantly, mainly due to lower FDIC assessments

Capital and shareholder return:
- Repurchased 44.5 million shares ($3.5 billion) in Q1
- Tangible common equity: $137.8 billion
- Total assets: $1.92 trillion (average)

CEO commentary:
Charlie Scharf highlighted strong EPS growth, efficiency improvements, and capital returns. He emphasized progress on risk and control infrastructure, noting that five consent orders were closed in the quarter. He acknowledged macro uncertainty due to trade policy and the economic environment but affirmed that Wells Fargo is well-positioned and remains focused on efficiency and transformation.

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Global Finance News 04-12-25

Wells Fargo announced that the Office of the Comptroller of the Currency (OCC) has terminated its 2021 consent order related to the company’s Home Lending loss mitigation practices. This marks the eleventh consent order closed by Wells Fargo’s regulators since 2019 and the fifth closure since the beginning of 2025.

CEO Charlie Scharf highlighted the progress made, stating that the termination was achieved in just three and a half years, a significant improvement compared to previous regulatory orders. He also reaffirmed the company’s confidence in completing the remaining consent order requirements.

Wells Fargo, with approximately $1.9 trillion in assets, operates across four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The company ranked No. 34 on Fortune’s 2024 list of America’s largest corporations.

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European Investor 03-18-25

NYSE:WFCFollow

S&P Global 'positive' on Wells Fargo as regulatory burden lifts

NYSE:WFC