Wells Fargo (WFC) stock got a boost on Friday following the release of its Q1 2025 earnings report. This started with earnings per share of $1.39, which was well above Wall Street’s estimate of $1.23. It also represents a 15.83% year-over-year increase from $1.20 per share.
The Wells Fargo Q1 earnings report includes revenue of $20.15 billion. That missed analysts’ revenue estimate of $20.72 billion for the quarter. It also dropped 3.4% from the $20.86 billion reported in Q1 2024. Wells Fargo noted that its net interest income during the quarter dropped 6% due to lower interest rates on floating rate assets, deposit mix, price changes, lower loan balances, and one less day in the quarter.
WFC stock was up 0.46% on Friday despite the company’s mixed Q1 earnings results. Even so, that followed a 4.85% drop yesterday, and Wells Fargo shares are still down 9.7% year-to-date. Investors are reminded that markets remain incredibly volatile right now due to President Trump’s trade war and tariff news.
How Will Wells Fargo Navigate Tariffs?
Wells Fargo CEO Charlie Scharf spoke about President Trump’s tariffs in the Q1 earnings report. He said, “We support the administration’s willingness to look at barriers to fair trade for the United States, though there are certainly risks associated with such significant actions.”
Scharf continued his comments on the U.S. economy, stating, “We expect continued volatility and uncertainty and are prepared for a slower economic environment in 2025, but the actual outcome will be dependent on the results and timing of the policy changes.”
Is WFC Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Wells Fargo is Moderate Buy, based on 12 Buy and six Hold ratings over the last three months. With that comes an average price target of $82.16, representing a potential 30.19% upside for WFC stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
