Wells Fargo (WFC) stock dipped in early-morning trading on Tuesday following the release of the financial company’s Q1 2026 earnings report. The report started with diluted earnings per share of $1.60, which was better than the $1.58 that Wall Street expected. It also represented EPS growth of 15.1% from the $1.39 reported in Q1 2025.
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Wells Fargo reported revenue of $21.45 billion during the first quarter of 2026. Unfortunately, this was below analysts’ revenue estimate of $21.79 billion for the quarter. Even so, the company’s revenue did grow 6.45% year-over-year from $20.15 billion. Wells Fargo’s revenue growth was driven by a 5% increase in net interest income and an 8% increase in noninterest income.
Wells Fargo stock was down 2.41% in pre-market trading on Tuesday, following a 1.45% rally yesterday. The stock has decreased 6.58% year-to-date but was still up 34.24% over the past 12 months.
Wells Fargo Guidance
Wells Fargo provided investors with a guidance update in its latest earnings report. The company expects:
- 2026 net interest income to be +/- $50 billion, which was unchanged from its prior guidance.
- Net interest income excluding markets to be +/- $48 billion.
- Markets net interest income to be +/- $2 billion.
- 2026 noninterest expense to be approximately $55.7 billion, which was unchanged from its prior guidance.
Wells Fargo chairman and CEO Charlie Scharf also commented on the company’s future. He said, “While markets have been volatile, we still see continued resiliency in the underlying economy and the financial health of the consumers and businesses we serve remains strong, though the impact of higher oil prices will likely take some time to materialize. We will continue to monitor trends and respond accordingly, and we are well positioned to support our customers across a range of economic scenarios.”
Is Wells Fargo Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Wells Fargo is Moderate Buy, based on 10 Buy and four Hold ratings over the past three months. With that comes an average WFC stock price target of $98.50, representing a potential 13.69% upside for the shares. These ratings and price targets will likely change as analysts update their coverage after today’s earnings report.
