Wells Fargo reported mixed third-quarter results with earnings per share beating estimates but revenue falling short. The bank's net interest margin remained steady at 2.43%, supported by rising asset and borrowing yields, leading to a $200 million increase in net interest income to $12.5 billion. Loans grew modestly by 1.7% in Q3 and 11% year-over-year, while deposits increased slightly, maintaining a conservative loan-to-deposit ratio of 69%. The analyst suggests holding Wells Fargo common shares but favors switching to preferred shares like WFC.PZ, which offer a 7.10% yield, to benefit from higher fixed income returns amid rate volatility.
Wells Fargo shares have gained 1.35% on Pluang, trading at USD 83.87 as of Oct 18, 2026 21:21 WIB. The stock's dividend yield stands at 2.38%, below the 7.10% yield mentioned for preferred shares, highlighting different income opportunities within the company.
Wells Fargo is set for significant growth following the Federal Reserve's removal of its asset cap, allowing the bank to expand its balance sheet and lending activities. The bank's Q3 2026 results showed disciplined cost management, 12.7% earnings pe...
The article reviews three top no-annual-fee cash back credit cards for 2026: Wells Fargo Active Cash® Card, Bank of America® Customized Cash Rewards, and Chase Freedom Unlimited®. Each card offers unique rewards structures—Wells Fargo provides a flat...
