Wells Fargo & CompanyNYSE: WFC
Financials · Diversified Banks
$81.09
-1.39%
Vol: 7.3M
Research Digest
Friday, May 1, 2026
Wells Fargo approves $0.45 quarterly dividend and reports Q1 2026 earnings with 11% loan growth, though net interest margin contraction weighs
Wells Fargo's board approved a $0.45/share quarterly dividend (payable June 1, 2026). Q1 2026 showed 11% loan growth and 19% YoY markets revenue growth, but net interest margin contracted to 2.47% from 2.67% YoY, signaling near-term NII pressure. JPMorgan lowered its price target to $86.50 from $91 with Neutral rating. Fed asset cap lift provides expansion opportunity, but softening consumer spending and efficiency challenges temper outlook.
Previous Market Intelligence
13 daysApr 30Wells Fargo beats Q1 EPS at $1.60 but misses revenue; Fed asset cap lift opens growth pathMixed▶
Wells Fargo reported first-quarter 2026 EPS of $1.60 beating estimates of $1.58, but revenue came in at $21.45B versus expected $21.76B. Card spending data showed softening consumer activity with year-over-year usage nearly flat excluding gasoline. The Federal Reserve lifted the bank's asset cap, enabling expanded lending and corporate banking capacity. However, analysts remain cautious: Barclays cut PT to $108 from $113 (Overweight), Keefe Bruyette lowered PT to $98 from $101 (Market Perform) citing NII misses, and Piper Sandler reduced PT to $94 from $100. The board approved a $0.45 quarterly dividend. Net interest margin pressures and economic slowdown signals temper optimism despite regulatory relief.
Apr 29Wells Fargo Q1 profit rises 7% to $5.3B on higher fees; dividend raised to $0.45/sharePositive▶
Wells Fargo reported strong Q1 2026 results with net income of $5.3B (EPS $1.60, up from $1.39) and revenue growth of 6% to $21.4B. Board approved quarterly dividend of $0.45 per share. AI virtual assistant Fargo reached 1B+ interactions; mobile active users topped 33M. Wells Fargo announced Cathay Pacific as new rewards partner and replaced Barclays on an MFS loan. Analysts note concerns on card spending slowdown but highlight upside from Basel III re-proposal on residential mortgage risk-weighting.
Apr 16Wells Fargo reported Q1 2026 EPS of $1.60 beating estimates, but revenue of $21.4B missed forecasts as loans grew 11% YoY to $1.02TMixed▶
Wells Fargo posted strong Q1 2026 earnings on April 14 with net income of $5.3 billion and diluted EPS of $1.60, surpassing the $1.58 consensus. Revenue rose 6% YoY to $21.4 billion but fell short of the $21.76 billion forecast. The bank highlighted 5% growth in net interest income, 8% growth in noninterest income, and robust loan growth of 11% YoY to $1.02 trillion. The stock dipped 4.43% following the results.
Apr 15Wells Fargo fell 5.46% after missing Q1 revenue expectations, with mixed analyst sentimentNegative▶
Wells Fargo reported Q1 2026 earnings missing revenue expectations with $21.45 billion versus consensus of $21.8 billion. EPS of $1.56 versus $1.60 estimate. Shares fell 5.46% and stock was downgraded with price target cut to $95 from $100. HSBC upgraded from Hold to Buy at $94 target after stock had fallen 17% YTD.
Apr 14Wells Fargo reports Q1 2026 earnings April 14 with expected 7.6% revenue growthPositive▶
Q1 earnings April 14 with expected EPS $1.57 and revenue $21.85B (+7.6% YoY). Expanded FX payment partnerships. Shares jumped 3.6% on April 13 on Trump Iran truce.
Apr 13Q1 2026 earnings announcement scheduled for April 14; analyst expectations at $1.57 EPSMixed▶
Wells Fargo will announce Q1 2026 earnings on April 14 before market open, with analyst consensus calling for $1.57 EPS and $21.85B revenue (+7.6% YoY). CEO pursuing investment banking expansion; company lowered 2026 global GDP forecast to 2.7% citing geopolitical risks.
Apr 10Wells Fargo jumps 3.6% on Iran ceasefire announcement; Q1 earnings April 14.Positive▶
Wells Fargo shares rose 3.6% after Iran ceasefire reducing crude oil prices 17%. Redeployed over $200B into repo market following lifting of regulatory asset cap. Completed senior unsecured note offerings maturing 2029-2046. Expanded FX partnership with Derivative Path and Jack Henry. Q1 2026 earnings scheduled April 14 with expected EPS of $1.51.
Apr 9Wells Fargo Jumps 3.6% on Geopolitical Ceasefire and Rate OutlookPositive▶
Wells Fargo advanced 3.6% following the US-Iran ceasefire announcement, which boosted financial sector sentiment and implied sustained higher-for-longer interest rates benefiting net interest margins. The bank will report Q1 2026 earnings on April 14 (analysts expect $1.57 EPS and $21.8B revenue). Wells Fargo offers a 2.36% dividend yield with projected 10% earnings growth in 2026, though year-to-date shares remain down 18.25%.
Apr 8Wells Fargo Q1 earnings April 14; JPMorgan lowers price target to $91.Neutral▶
Wells Fargo announced Q1 2026 earnings release April 14 at 7am ET. JPMorgan lowered price target to $91 from $99.50. Bank aggressively expanding investment banking post-asset cap lift, jumped from 17th (2024) to 9th (2025) in global M&A rankings. Q1 EPS forecast $1.57 (+23.6% YoY).
Apr 7Wells Fargo Q1 earnings due April 14; CEO warns of economic fragility while filing WFUSD crypto trademark.Neutral▶
Wells Fargo faces 18.25% YTD decline but offers 2.36% dividend yield and projected 10% 2026 earnings growth. CEO Charles Scharf warns of potential economic fragility despite resilient consumer spending. Company filed trademark for WFUSD, signaling digital asset and cryptocurrency expansion (trading, exchange, payments, wallets). Q1 2026 earnings due April 14 with Street expecting $1.57 EPS and $21.85B revenue. Evercore ISI lowered price target to $95 from $98 but maintains Outperform. Goldman Sachs raised target to $96 from $93 with Buy. Average target from 23 analysts is $98.93 (21.35% upside). Dividend annualized at $1.80 (up 5.9% YoY). Stock at $81.33.
Apr 6Wells Fargo upgraded to Buy at HSBC; CEO warns of economic fragility.Neutral▶
HSBC upgraded WFC to Buy from Hold (April 1). CEO Scharf warns of economic fragility despite consumer resilience and $100 oil concerns. Down 18% YTD. Digital asset trademark filing hints at strategic shift. Q1 earnings April 14.
Apr 3HSBC upgraded Wells Fargo to Buy on April 1 citing improved earnings outlook amid a challenging year-to-date decline.Positive▶
Wells Fargo reported a 9% jump in quarterly profits and appointed CEO Charlie Scharf as chairman. The stock has declined 18.25% year-to-date but is expected to grow earnings 10% in 2026. HSBC upgraded the bank to Buy from Hold on April 1, and Barclays maintained its Buy rating. Wells Fargo continues strategic moves including relocating its wealth operations to West Palm Beach. Q1 2026 earnings report scheduled for April 14.
Apr 1Wells Fargo launches $10M housing affordability challenge; Q1 2026 earnings scheduled April 14 with Truist maintaining Buy rating at $94 target.Neutral▶
Wells Fargo launched the 2026 Housing Affordability Breakthrough Challenge awarding $10M in grants across five organizations. Q1 2026 earnings will be released Tuesday, April 14, 2026. The 2026 annual shareholder meeting is scheduled for April 28, 2026. Truist analyst lowered price target to $94 from $98 while keeping Buy rating. Morgan Stanley lowered price target to $100 from $108 with Equal Weight. Wells Fargo named Faraz Shafiq as Head of AI Products and Solutions.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| JPMJPMORGAN | $313.11 | -0.04% | +6.0% | 13.3x | 1.04 | $839.3B |
| BACBANK | $53.33 | -0.25% | +6.8% | 10.6x | 1.24 | $381.2B |
| WFCWELLS | $81.09 | -1.39% | +0.5% | 10.4x | 1.06 | $252.0B |
| CCITIGROUP | $127.58 | -0.31% | +9.1% | 10.3x | 1.08 | $223.9B |
| PNCPNC | $221.23 | -0.80% | +4.6% | 10.6x | 0.96 | $90.0B |
| USBUS | $56.45 | -0.38% | +6.0% | 10.1x | 1.03 | $88.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.