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The latest update is out from Wells Fargo ( (WFC) ).
On April 14, 2026, Wells Fargo reported first quarter 2026 net income of $5.3 billion, or $1.60 per diluted share, as revenue rose 6% year over year to $21.4 billion and net income increased from $4.9 billion. The bank highlighted a 5% increase in net interest income, 8% growth in noninterest income, and strong credit performance, while also noting a $135 million discrete tax benefit and continued growth across loans, deposits, and all major operating segments.
Average loans climbed 11% from a year earlier to $996 billion and average deposits grew 7% to $1.415 trillion, with particularly strong expansion in corporate and investment banking as well as wealth and investment management. Return on equity improved to 12.2% and return on tangible common equity to 14.5%, and the bank returned capital to shareholders by repurchasing 46.3 million common shares for $4.0 billion during the quarter, underscoring management’s confidence in earnings power and balance sheet strength.
The most recent analyst rating on (WFC) stock is a Hold with a $91.00 price target. To see the full list of analyst forecasts on Wells Fargo stock, see the WFC Stock Forecast page.
Spark’s Take on WFC Stock
According to Spark, TipRanks’ AI Analyst, WFC is a Neutral.
The score is held back primarily by weak and volatile cash flow (including a large negative operating cash flow in 2025) and bearish technical momentum (below key moving averages with negative MACD). Offsetting factors are constructive earnings-call guidance (higher 2026 NII and growth targets with strong capital metrics) and a reasonable valuation (P/E ~13.9 with a ~2.31% yield), with corporate events providing a smaller incremental positive.
To see Spark’s full report on WFC stock, click here.
More about Wells Fargo
Wells Fargo is a diversified U.S. financial services company operating across consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. Its primary products span loans, deposits, and capital markets and advisory services, with a broad retail and institutional client base reflected in nearly $1 trillion in average loans and over $1.4 trillion in average deposits in the first quarter of 2026.
Average Trading Volume: 16,978,568
Technical Sentiment Signal: Strong Buy
Current Market Cap: $263.5B
See more data about WFC stock on TipRanks’ Stock Analysis page.