"Wells Fargo's stock was last seen changing hands at $80.56 per share, with Wall Street's average price target up at $96.65, leaving nearly 20% implied upside."
"The Federal Reserve lifted Wells Fargo's asset cap in Q2 2025, removing a multi-year handcuff on the loan book and freeing CEO Charlie Scharf to grow the corporate and investment bank."
"Q1 2026 earnings broke a long streak of beats, with Wells Fargo posting EPS of $1.60, in line with expectations, after a quarterly miss in Q4 2025."
"The selloff has been a slow bleed rather than a capitulation event, with shares off 1.7% in the past week, influenced by NIM compression and disappointing earnings."
Wells Fargo's stock trades at $80.56, with analysts targeting $96.65, indicating a 20% upside. The bank has lifted its asset cap, allowing growth in corporate and investment banking. It resolved all major consent orders and spent $5 billion on buybacks. However, Q1 2026 earnings missed expectations, with a decline in net interest margin and capital ratios. Year-to-date, the stock is down 13.6%, influenced by disappointing earnings and rising nonaccruals, despite strong loan growth and revenue increases in certain sectors.
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