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

Wells Fargo Falls 1% Despite Higher Q3 Earnings as Credit Costs Rise

Wells Fargo (NYSE: WFC) shares fell about 1% after the bank reported third-quarter 2026 net income of $6.0 billion, or $1.87 per diluted share, up from $5.6 billion, or $1.66 per share, a year earlier.

Revenue increased modestly to $21.87 billion from $21.44 billion, while noninterest expense declined slightly to $13.74 billion. Return on equity improved to 13.8% from 12.8%, and return on tangible common equity rose to 16.3% from 15.2%.

Loan and deposit growth remained strong. Average loans increased 11% year over year to $1.03 trillion, while average deposits rose 11% to $1.48 trillion. Growth was broad-based across Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Business trends were also solid. Wealth and Investment Management revenue increased 12%, Commercial Banking rose 6%, Consumer Banking and Lending grew 5%, and Corporate and Investment Banking revenue increased 3%. Within CIB, Banking revenue rose 8%, M&A revenue increased 30%, and both equity capital markets and investment-grade underwriting fees climbed 33%. Equities revenue was up 21%.

The main negative was credit costs. Provision for credit losses increased to $1.03 billion from $681 million a year earlier, indicating a more cautious reserve posture despite management saying delinquencies and business losses remain low.

Wells Fargo also returned capital aggressively, repurchasing 28.6 million shares for $2.5 billion during the quarter.

The 1% decline in the stock appears to reflect investor focus on higher credit provisions and a lower CET1 ratio of 10.0% versus 11.0% a year ago, partially offsetting the benefits of stronger earnings, loan growth and improved returns.

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European Investor 10-13-26

21 Global Financial Institutions Join Forces to Launch Stablecoin Platform

A group of 21 major international financial institutions has committed to establish a new stablecoin company, marking one of the largest coordinated moves by traditional financial institutions into blockchain-based digital money.

The group includes Bank of America, Citi, Goldman Sachs, Wells Fargo, Deutsche Bank, UBS, Santander, BBVA, MUFG Bank and Fidelity Investments, among others. The new company is expected to be established in the second half of 2026, subject to closing conditions.

The initiative will initially focus on a U.S. dollar-denominated stablecoin, with plans to eventually introduce stablecoins tied to additional G7 currencies. A euro-denominated product has been identified as the next priority.

Unlike many existing crypto-native stablecoins, the project is being designed around bank-grade compliance, governance and institutional risk management. Potential applications include cross-border payments, digital-asset settlement and other wholesale, institutional and retail transactions.

The initiative follows an October 2025 announcement in which an initial group of 10 banks began exploring a 1:1 reserve-backed digital currency that could operate on public blockchains. The expansion to 21 institutions significantly increases the project's potential distribution network and financial-market reach.

The group intends to comply with the U.S. GENIUS Act and the European Union’s MiCA framework where applicable. The stablecoin solution is targeted for commercial launch during the first half of 2027.

The initiative represents another significant step toward institutional adoption of stablecoins, potentially increasing competition with established issuers while accelerating the integration of blockchain-based settlement into traditional banking and payment infrastructure.

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WS Investor 09-01-26

Wells Fargo (WFC) Stock Falls 3.2% Despite Strong Q2 Earnings and Dividend Increase

Wells Fargo (NYSE: WFC) shares fell 3.2% on Tuesday despite the bank reporting solid second-quarter earnings that exceeded year-ago levels, suggesting investors may have locked in profits following a strong run in bank stocks in last two months.

The bank reported second-quarter net income of $6.4 billion, up from $5.5 billion a year earlier, while diluted earnings per share rose 25% to $2.00. Total revenue increased 9% year over year to $22.6 billion, supported by a 5% increase in net interest income and a 13% rise in noninterest income. Wells Fargo also announced plans to raise its third-quarter dividend by 11% to $0.50 per share, subject to board approval, while repurchasing $3.0 billion of common stock during the quarter.

Management highlighted broad-based strength across the business. Average loans increased 12% year over year to more than $1 trillion, while average deposits rose 10%. CEO Charlie Scharf said consumer spending remained healthy, credit quality stayed strong, and all four operating segments delivered revenue growth during the quarter.

The Corporate and Investment Banking division was a major contributor, with revenue rising 16% year over year to $5.43 billion. Banking revenue increased 20%, driven by stronger investment banking fees and higher lending activity, while Markets revenue climbed 24% thanks to robust equities trading and solid performance across most fixed-income businesses. Net income for the segment jumped 34% to $2.33 billion.

Other business lines also posted healthy results. Consumer Banking and Lending revenue rose 6%, Commercial Banking revenue increased 6%, and Wealth & Investment Management revenue climbed 13% as higher client assets boosted advisory fees. Credit quality also continued to improve, with net loan charge-offs declining and nonperforming assets falling from the previous quarter.

Although the earnings report demonstrated continued operational momentum and healthy capital returns, the market's negative reaction suggests investors may have expected an even stronger quarter after the recent rally in large U.S. financial stocks.

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The Investor 07-14-26

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

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

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