Wells Fargo & Company (WFC) Set to Post Earnings on Tuesday

Key Points

• Wells Fargo is scheduled to report Q3 2026 results before the market opens on October 13. Analysts expect earnings of $1.84 per share on revenue of approximately $22.31 billion.
• The bank exceeded expectations in the previous quarter, posting $1.96 per share versus the $1.73 consensus estimate, while revenue rose 8.6% year over year to $22.62 billion.
• Analyst sentiment remains favorable: Morgan Stanley upgraded the stock to Overweight, and Wells Fargo has a Moderate Buy consensus rating with an average price target of $99.75. The company also raised its quarterly dividend to $0.50 per share, yielding about 2.5%.

Wells Fargo & Company (NYSE:WFC - Get Free Report) is anticipated to post its Q3 2026 results before the market opens on Tuesday, October 13th. Analysts expect the company to announce earnings of $1.84 per share and revenue of $22.3125 billion for the quarter. Individuals are encouraged to explore the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Tuesday, October 13, 2026 at 10:00 AM ET.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.23. The company had revenue of $22.62 billion for the quarter, compared to the consensus estimate of $21.86 billion. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. Wells Fargo & Company's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. On average, analysts expect Wells Fargo & Company to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Wells Fargo & Company Stock Up 1.2%

Shares of WFC opened at $81.42 on Tuesday. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company's fifty day moving average is $86.14 and its two-hundred day moving average is $83.08. The firm has a market cap of $246.20 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.09.

Wells Fargo & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, August 7th. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. Wells Fargo & Company's payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WFC. Robert W. Baird lifted their target price on Wells Fargo & Company from $85.00 to $92.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Wall Street Zen upgraded Wells Fargo & Company from a "sell" rating to a "hold" rating in a research note on Sunday, June 14th. HSBC began coverage on Wells Fargo & Company in a report on Monday, September 28th. They issued a "buy" rating and a $108.00 price objective on the stock. Morgan Stanley raised Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $102.00 price objective on the stock in a research note on Monday. Finally, Truist Financial boosted their target price on Wells Fargo & Company from $94.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $99.75.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Morgan Stanley upgraded WFC from Equal-Weight to Overweight and set a $102 price target, identifying the bank as a top pick. The firm expects margin pressure to ease, supporting stronger earnings and returns, with ROTCE potentially reaching 18% by 2028 through better fee revenue, consumer-banking performance and capital deployment. Wells Fargo has lagged rival banks. Morgan Stanley says it’s time to buy
• Positive Sentiment: UBS maintained a Buy rating while trimming its price target modestly from $104 to $102. The revised target still implies substantial upside from recent trading levels, signaling continued confidence in Wells Fargo’s outlook. UBS Adjusts Price Target on Wells Fargo to $102 From $104, Keeps Buy Rating
• Positive Sentiment: The upcoming October 13 earnings release is providing a near-term catalyst, while pre-earnings commentary suggests investors are positioning for improved profitability and stronger shareholder returns. Wells Fargo to Announce Third Quarter 2026 Earnings on Oct. 13, 2026
• Neutral Sentiment: Wells Fargo’s shares have lagged the broader market and remain below their 50-day moving average, leaving valuation and execution concerns in focus despite the recent analyst support.
• Negative Sentiment: Wells Fargo’s mortgage-servicer ratings were downgraded following a portfolio shift. The move could raise questions about servicing scale, operational execution and the performance of this business line. Wells Fargo servicer ratings downgraded on portfolio shift

About Wells Fargo & Company

Wells Fargo & Company NYSE: WFC is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.

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