Wells Fargo & Company (NYSE:WFC) Announces Earnings Results

Wells Fargo & Company (NYSE:WFC) released its quarterly earnings data on Tuesday. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.02, FiscalAI reports. The firm had revenue of $21.87 billion for the quarter, compared to analyst estimates of $22.31 billion. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%.

Wells Fargo & Company Trading Down 0.5%

Shares of NYSE:WFC opened at $83.11 on Tuesday. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76. The stock has a market cap of $251.31 billion, a PE ratio of 12.08, a P/E/G ratio of 0.89 and a beta of 0.96. The business has a 50 day moving average of $85.73 and a 200-day moving average of $83.24. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were issued a dividend of $0.50 per share. This is a boost from Wells Fargo & Company’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 7th. Wells Fargo & Company’s dividend payout ratio is presently 29.07%.

Key Stories Impacting Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo reported third-quarter net income of approximately $6.0 billion, or $1.87 per diluted share, exceeding the $1.85 analyst consensus. Earnings per share increased 13% year over year. Wells Fargo Posts Strong Third-Quarter 2026 Results
• Positive Sentiment: Underlying banking trends were solid: average loans and deposits each rose 11% from a year earlier, while net interest income increased 5% to $12.52 billion, supported by robust loan growth and interest income. Wells Fargo profit rises on robust loan growth, interest income
• Positive Sentiment: Revenue growth was broad-based, with Consumer Banking and Lending up 5%, Commercial Banking up 6%, Corporate and Investment Banking up 3% and Wealth and Investment Management up 12%. Noninterest expense declined 1% year over year. Wells Fargo in charts: Revenue growth extends across consumer banking and commercial segments
• Positive Sentiment: Wells Fargo repurchased 28.6 million shares for $2.5 billion during the quarter, supporting per-share earnings and signaling continued capital-return capacity.
• Neutral Sentiment: Total revenue reached $21.87 billion, up 2% year over year, but fell short of the $22.31 billion consensus estimate by $450 million and declined 3% sequentially. Wells Fargo GAAP EPS and revenue results
• Negative Sentiment: The provision for credit losses increased to $1.03 billion from $681 million a year earlier, a risk investors may monitor for signs of weakening borrower credit quality.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group cut their price objective on Wells Fargo & Company from $107.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Truist Financial boosted their target price on Wells Fargo & Company from $94.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Morgan Stanley upgraded Wells Fargo & Company from an “equal weight” rating to an “overweight” rating and set a $102.00 price target on the stock in a research note on Monday, October 5th. TD Cowen initiated coverage on Wells Fargo & Company in a report on Thursday, October 8th. They set a “buy” rating and a $95.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on Wells Fargo & Company from $95.50 to $91.50 and set a “neutral” rating for the company in a report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.47.

Wells Fargo & Company Company Profile

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.