Wells Fargo & Company (NYSE:WFC) Announces Earnings Results

Key Points

• Q1 results: Wells Fargo reported GAAP EPS of $1.60 (beat consensus $1.57) and net income of about $5.3 billion, while revenue of $21.45 billion missed estimates (~$21.85B); higher net interest income supported the earnings beat.
• Capital/Outlook: The June 2025 removal of the asset cap, resumed buybacks and management's ~ $50 billion NII guide for 2026 provide structural upside for balance-sheet growth and shareholder returns.
• Dividend and market view: The bank pays a $0.45 quarterly dividend (2.1% yield), shares rose ~1.2% on the report, and analysts show a consensus "Moderate Buy" with an average price target of $97.70.

Wells Fargo & Company (NYSE:WFC) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.03, FiscalAI reports. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The company had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.85 billion.

Wells Fargo & Company Trading Up 1.2%

Shares of WFC stock opened at $86.42 on Tuesday. The company has a market capitalization of $266.65 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.96 and a beta of 1.06. Wells Fargo & Company has a 12-month low of $62.40 and a 12-month high of $97.76. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $83.17 and a 200 day moving average price of $86.23.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.1%. Wells Fargo & Company's dividend payout ratio (DPR) is 28.71%.

Analyst Ratings Changes

WFC has been the subject of several recent analyst reports. Truist Financial decreased their target price on Wells Fargo & Company from $98.00 to $94.00 and set a "buy" rating for the company in a research note on Tuesday, March 17th. Argus increased their price objective on shares of Wells Fargo & Company from $94.00 to $101.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. CICC Research began coverage on shares of Wells Fargo & Company in a report on Wednesday, January 14th. They set a "market perform" rating and a $96.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. Finally, TD Cowen dropped their price target on shares of Wells Fargo & Company from $102.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $97.70.

Insider Buying and Selling at Wells Fargo & Company

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total transaction of $5,244,000.00. Following the sale, the executive vice president directly owned 169,496 shares of the company's stock, valued at approximately $14,813,950.40. This represents a 26.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bridget E. Engle sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the sale, the executive vice president directly owned 83,478 shares of the company's stock, valued at approximately $7,270,933.80. The trade was a 26.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,000 shares of company stock worth $10,050,000 over the last ninety days. Corporate insiders own 0.14% of the company's stock.

Institutional Trading of Wells Fargo & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wood Tarver Financial Group LLC grew its holdings in Wells Fargo & Company by 1.6% during the 4th quarter. Wood Tarver Financial Group LLC now owns 7,754 shares of the financial services provider's stock worth $722,000 after acquiring an additional 120 shares during the last quarter. PGIM Custom Harvest LLC grew its stake in shares of Wells Fargo & Company by 4.9% during the third quarter. PGIM Custom Harvest LLC now owns 3,158 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 147 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Wells Fargo & Company by 0.7% during the fourth quarter. IHT Wealth Management LLC now owns 20,596 shares of the financial services provider's stock valued at $1,920,000 after purchasing an additional 150 shares during the last quarter. Maia Wealth LLC increased its holdings in shares of Wells Fargo & Company by 2.5% in the third quarter. Maia Wealth LLC now owns 6,326 shares of the financial services provider's stock valued at $545,000 after purchasing an additional 153 shares in the last quarter. Finally, Faithward Advisors LLC raised its position in Wells Fargo & Company by 6.3% in the 3rd quarter. Faithward Advisors LLC now owns 2,698 shares of the financial services provider's stock worth $226,000 after purchasing an additional 160 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

More Wells Fargo & Company News

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

• Positive Sentiment: Q1 beat on the bottom line — Wells Fargo reported net income of about $5.3 billion and GAAP EPS of $1.60, topping consensus by roughly $0.03; management hosted a call and posted the slide deck/press release. Wells Fargo Reports First Quarter 2026 Financial Results
• Positive Sentiment: Interest income drove profit growth — Reuters notes the rise in Q1 profit was aided by higher net interest income, which supports higher earnings power if rates stay elevated. Wells Fargo profit rises on interest income boost
• Positive Sentiment: Structural upside from asset‑cap removal and buybacks — analysts and previews highlight that the June 2025 asset‑cap removal allows balance-sheet growth, management guides ~ $50B NII for 2026 and buybacks (previously ~ $5B/quarter) act as a tangible support level for shares. Wells Fargo: The Setup Is Favorable (Earnings Preview)
• Positive Sentiment: Wealth business win — Wells Fargo’s FiNet unit added a $2.1B UBS team, a tangible AUM inflow that strengthens fee revenue/wealth distribution. Wells Fargo Recruits $2.1 Billion UBS Team for Independent Advisor Unit
• Positive Sentiment: Analyst sentiment improving — some sell‑side notes point to re‑rating potential and recent upgrades ( HSBC moved to Buy earlier in April), supporting investor confidence. Wells Fargo & Company (WFC): Re-Rating Potential as Market Sentiment Improves
• Neutral Sentiment: Dividend and income strategy stories highlight the 2.1% yield and options for income investors, but these are tactical items rather than drivers of immediate price moves. How To Earn $500 A Month From Wells Fargo Stock Ahead Of Q1 Earnings
• Negative Sentiment: Top-line came in light — revenue of $21.45B missed consensus (~$21.85B), which tempers the EPS beat and is a near‑term monitor for revenue/loan growth momentum. View Press Release
• Negative Sentiment: Broader market risk: pre‑market headlines about renewed Middle East geopolitical tensions (Strait of Hormuz) could pressure financials and cap interest in risk‑off sessions. Pre-Markets Down as U.S. Sets Blockade at Hormuz

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

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