Wells Fargo shares trade at $79.18 with a 12-month price target of $92.25, implying a 16.5% upside. The stock's growth is supported by the Federal Reserve lifting its asset cap, allowing balance sheet expansion and strong segment performance including loan growth and rising revenues in markets and wealth management. Despite some concerns over net interest margin compression and credit card delinquencies, the bank's aggressive buybacks and a confident ROTCE target of 17-18% underpin a bullish outlook. Risks include further margin pressure and economic impacts on consumer spending, but the overall outlook remains positive with potential for returns above consensus.
Wells Fargo reported strong Q2 2026 adjusted earnings per share of $1.96, beating estimates and showing growth from last year. Revenue increased by 9%, supported by higher net interest and non-interest income. An analyst upgraded the stock with a new...
Wells Fargo reported strong second-quarter results, with revenue up 9% year-over-year and net earnings rising 17%. The growth was driven by robust commercial loan origination and a 5% increase in net interest income to $12.3 billion, supported by a 1...
Wells Fargo reported strong Q2 2026 results with earnings per share of $2.00 and revenue of $22.62 billion, both exceeding analyst expectations. The growth was driven by strong fee income and better credit performance. Despite this, the stock price d...
Wells Fargo reported Q2 earnings of $2 per share, surpassing the $1.72 estimate, driven by strong fee income and improved credit quality that offset pressure on net interest margins. Revenue reached $22.62 billion, beating expectations, with net inco...
JPMorgan Chase reported the highest profit ever for a US bank at $21.2 billion, driven by strong corporate dealmaking and consumer spending. Other major banks like Goldman Sachs, Wells Fargo, and Bank of America also exceeded earnings expectations, b...
