Wells Fargo & CompanyNYSE: WFC
Financials · Diversified Banks
$83.39
-0.51%
Vol: 8.1M
Research Digest
Thursday, June 18, 2026
Wells Fargo CFO reaffirms $50B net interest income target for 2026 and releases midyear outlook projecting Fed on hold.
Wells Fargo CFO Mike Santomassimo, presenting at the Morgan Stanley U.S. Financials Conference on June 9, 2026, confirmed that net interest income will increase this quarter and reiterated the full-year $50 billion NII target, pointing to positive loan and deposit trends. The bank's Investment Institute released its "2026 Midyear Outlook: Keeping Discipline in Noisy Markets" on June 17, projecting the Fed will remain on hold as headline PCE sits at 3.8% and core PCE at 3.3%—both above target. The institute raised its S&P 500 year-end target to 8,000. Q2 earnings are expected July 14, 2026. The stock trades at $83.73, well below the analyst consensus price target of ~$95.66.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Wells Fargo hired three senior tech investment bankers on May 20 from Citi, BofA and Deutsche Bank, intensifying its Wall Street expansion push.Positive▶
Wells Fargo on May 20, 2026 hired a trio of senior bankers focused on technology from Citigroup, Bank of America and Deutsche Bank, accelerating its investment-banking buildout. The firm also launched Advisor Gateway, a modernized desktop platform giving advisors one-click access to 200+ tools. Wells Fargo Advisors recruited a 17-person team from Morgan Stanley overseeing nearly $6B in NYC client assets. CEO Charlie Scharf will present at the Bernstein Strategic Decisions Conference May 27. Stock trades near $75.81, near 52-week lows.
May 20Wells Fargo recruits 17-person Morgan Stanley team overseeing nearly $6B in NYC as wealth and investment-banking push accelerates.Mixed▶
Wells Fargo Advisors recruited a 17-person advisor team overseeing nearly $6 billion in client assets from Morgan Stanley, marking one of the firm's largest NYC additions in recent memory and continuing a strong May recruiting streak with at least three teams over $1B AUM. Wells Fargo is also bolstering investment banking by hiring Warren Young from Standard Chartered (Singapore) as COO of its corporate and investment-bank business, starting July 1 in New York. The bank officially launched Advisor Gateway, a modernized desktop platform giving advisors one-click access to 200+ tools. WFC sold $6 billion of investment-grade bonds on May 13 following weaker-than-expected Q1 results, where revenues rose 6% YoY but rising compensation and tech costs are squeezing efficiency. CEO Charlie Scharf will present at the Bernstein Strategic Decisions Conference on May 27. Risk: declining net interest margins and integration costs from the talent surge.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Wells Fargo reaffirms forecast for two Fed rate cuts in 2026 despite hot CPI/PPI data, citing Iran war and Strait of Hormuz energy-driven inflation.Mixed▶
On May 13, 2026, Wells Fargo's economists reaffirmed their forecast that the Federal Reserve will implement two quarter-point rate cuts in 2026, despite April CPI and PPI both coming in hotter than expected. The bank attributes current inflation pressures primarily to rising energy prices driven by the Iran war and Strait of Hormuz disruption. WFC shares fell to $74.05 on May 17, with the Fed's earlier lifting of the asset cap enabling balance-sheet expansion and CEO Charlie Scharf reaffirming 17-18% ROTCE medium-term target. Recent fixed-income offerings include a $20M 5.525% senior unsecured note due 2041. Analyst median price target is $95 with a Strong Buy consensus.
May 15Wells Fargo sold $6B of investment-grade bonds May 13 as the Fed lifted its asset cap, paving the way for $1T+ in loan growth.Mixed▶
On May 13, 2026, Wells Fargo priced $6B of callable investment-grade notes in three tranches (3-6 year maturities), its first major bond sale since the Fed removed the 2018 asset cap that capped the balance sheet around $1.95T. Q1 loan growth accelerated to 11% as the cap eased. The bank also recruited a 17-person, ~$6B Morgan Stanley advisor team in NYC, hired senior bankers to expand investment banking, and launched Advisor Gateway (AI-powered desktop with 200+ tools). The board declared a $0.45 quarterly dividend payable June 1. Shares fell 4.5% on May 8 to $75.64 and slipped further to ~$74 by May 13 on weaker-than-expected Q1 results. Median analyst PT is $95 (~26% upside). Execution risk on rapid loan growth and IB build-out remains the key watch item.
May 14Wells Fargo shares fell ~1.5% to $74.08 on May 13 amid bearish options activity; bank reaffirms forecast for two Fed rate cuts in 2026Negative▶
On May 13, 2026, Wells Fargo shares fell $1.09 to approximately $74.08, with notable bearish options activity flagged amid the decline. The stock is down 18.0% YTD and 10.1% over the past month. The same day, Wells Fargo economists reaffirmed their forecast that the Federal Reserve will implement two rate cuts in 2026. The bank also completed a US$20M 5.525% senior unsecured note issuance and is benefiting from the recently lifted asset cap, which allows balance sheet expansion past $1T in loans for the first time since 2020. CEO Charlie Scharf reaffirmed the medium-term ROTCE target of 17-18%. Risk: net interest margin compressed to 2.47% in Q1, and the YTD selloff reflects investor doubt that asset cap relief will translate to near-term EPS growth; analyst median PT of ~$92-95 implies meaningful rebound only if loan growth accelerates.
May 13Wells Fargo shares fell 4.5% to $75.64 on May 8 amid broader weakness, with stock down 18% YTD; board declared $0.45 quarterly dividend payable June 1.Negative▶
Wells Fargo shares dropped 4.5% on May 8, 2026, closing at $75.64 and pushing the YTD decline to 18%. The bank had reported softer-than-anticipated Q1 results on April 14 sending shares down ~5%, with revenue growth offset by net interest margin compression. The board approved a $0.45 quarterly dividend payable June 1 to holders of record May 8. Wall Street remains constructive: 36 analysts have an average $95 price target (range $85-$113), implying 25.6% upside. Insiders sold $10.1M in the last 3 months with no buying activity. Analysts see ~16.5% upside despite recent selloff.
May 12Wells Fargo shares fell ~4.5% to $75.60 on May 11 as Securian trimmed its stake, even as the firm scored a $6B Morgan Stanley advisor team and launched its Advisor Gateway platform.Mixed▶
WFC fell 4.49% to $75.60 on May 11 after Securian Asset Management reduced its stake. In a busy week of franchise-building, Wells Fargo Advisors recruited a 17-person Morgan Stanley team overseeing nearly $6B in client assets (the Taylor Group, joining May 1 in Manhattan), plus another $1.5B Morgan Stanley team and a $1.6B UBS team. The firm officially launched Advisor Gateway, a modernized desktop platform consolidating 200+ tools, the product of a $1B technology investment. Wells Fargo also hired Standard Chartered's Warren Young as COO of the corporate and investment bank, continuing the IB expansion push. The board approved a $0.45 quarterly dividend payable June 1. Phillip Securities upgraded WFC to Buy from Accumulate on May 7. Analyst median price target is $95 (25.6% upside).
May 11Wells Fargo shares fell 4.5% on May 8 amid insider selling concerns despite $0.45 quarterly dividend approvalNegative▶
WFC dropped 4.5% to $75.64 on May 8, 2026, down 18% YTD and 10.1% over the past month. The board approved a $0.45 quarterly dividend payable June 1 to holders of record May 8. Analyst consensus is bullish with a $95 median price target and range of $85-$113, implying 25.6% upside. Insider selling totaled $10.1M over the prior three months with no buying activity, raising concerns about underlying weakness. Analysts project fiscal 2026 EPS of $6.83.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| JPMJPMORGAN | $330.76 | -0.81% | +12.8% | 14.2x | 1.00 | $893.5B |
| BACBANK | $56.60 | +0.13% | +11.5% | 11.2x | 1.20 | $401.2B |
| WFCWELLS | $83.39 | -0.51% | +12.4% | 10.6x | 0.93 | $256.5B |
| CCITIGROUP | $146.09 | +1.61% | +19.9% | 11.5x | 1.11 | $245.2B |
| PNCPNC | $233.35 | +0.09% | +9.3% | 11.1x | 0.92 | $93.6B |
| USBUS | $57.91 | +0.00% | +8.7% | 10.3x | 1.00 | $90.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.