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 rated a Strong Buy with a price target of $97, suggesting a 21% upside from its current $80 price. The removal of the Federal Reserve's asset cap allows the bank to expand its balance sheet, supporting earnings per share growth to $8.0...
All four of America's largest banks—JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—have increased their dividends this year. However, the strength of the capital cushions supporting these payouts varies significantly, impacting dividend ...
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