Wells Fargo shares dropped after Barclays, Bank of America, and Piper Sandler lowered their price targets following the bank's Q1 2026 earnings report. Despite solid earnings with a 15% rise in EPS and 6% revenue growth, concerns over net interest margin compression and weaker fee income led analysts to question Wells Fargo's ability to reach its medium-term profitability goals. The net interest margin fell to 2%, down 13 basis points from the previous quarter, with further compression expected. While all three firms maintained positive ratings, the lowered targets reflect caution about the bank's path to its ROTCE target of 17% to 18%. Investors should watch upcoming margin trends and guidance before increasing exposure.
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...
