Analyst Consensus ?
ConsensusHold41 ratings
Bullish2048.8%
Neutral1843.9%
Bearish37.3%
Wells Fargo & Company · WFC-PZ · FY2026 Q1 · Calendar Q2 2026
Wells Fargo posts strong Q1 growth while maintaining outlook
The current analysis supports a constructive operating trajectory: broad loan, deposit, wealth and markets growth, solid credit, and maintained guidance. The main counterweights are margin compression, regulatory-capital uncertainty, and exposure risks; market reaction is unavailable.
Reported Before market openNYSEFinancial Services
$58.91B market cap
85quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.60
Consensus $1.58
EPS surprise
+1.3%
Reported versus consensus
Reported revenue
$21.45B
Consensus $21.79B
Revenue surprise
-1.6%
Reported versus consensus
Market reaction
unavailable
Stock move
—
Event window
SPY move
—
Same window
Abnormal move
—
Stock minus SPY
Volume
—
Versus trailing sessions
Subsequent drift
—
Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about WFC-PZ FY2026 Q1
Transcript, numbers and history already loaded
How did the market react to WFC-PZ FY2026 Q1 earnings, and why?What changed in WFC-PZ's guidance and outlook in FY2026 Q1?Give me the bull and bear case for WFC-PZ after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Wells Fargo reported continued broad-based growth, loans above $1 trillion, stronger card and auto activity, 11% growth in wealth assets, and a 19% increase in markets revenue. It also closed its final outstanding consent order and completed the railcar-leasing sale.
Guidance delta
Management maintained its 2026 net interest income outlook and 17–18% medium-term ROTCE target.
Key takeaways
- Management described broad-based growth across consumer, commercial, corporate and investment banking, and wealth businesses.
- Loan balances exceeded $1 trillion for the first time since 2020; credit performance remained solid with a 45-basis-point net charge-off ratio.
- Capital remained strong at a 10.3% CET1 ratio, with $5.4 billion returned to shareholders.
- Management cited margin compression but left net interest income guidance unchanged.
- The bank closed its final outstanding consent order and continued simplifying the business.
Management priorities
- Expand travel-reward credit cards for Premier and Private Wealth clients
- Scale the AI-driven virtual assistant and digital banking experience
- Grow checking-account openings and branch productivity
- Expand wealth advisory through the Premier platform
- Invest in AI, digital channels and targeted advertising while maintaining expense discipline
Follow WFC-PZ with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 15, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 21, 2023 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 31, 2023 |
| Atlantic Equities | Overweight | Overweight | Maintain | Jul 31, 2023 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jul 16, 2023 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 16, 2023 |
| Odeon Capital | Hold | Buy | Downgrade | Jul 16, 2023 |
| Citigroup | Buy | Buy | Maintain | Jul 16, 2023 |
| Jefferies | Hold | Hold | Maintain | Jul 10, 2023 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jul 6, 2023 |
| JP Morgan | Neutral | Neutral | Maintain | Jun 26, 2023 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jun 13, 2023 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Apr 16, 2023 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 13, 2023 |
| Barclays | Overweight | Overweight | Maintain | Apr 11, 2023 |
| Baird | Outperform | Outperform | Maintain | Apr 4, 2023 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jan 16, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 17, 2022 |
| Argus Research | Buy | Buy | Maintain | Jan 17, 2022 |
| B of A Securities | Buy | Neutral | Upgrade | Jun 3, 2021 |
| UBS | Neutral | Buy | Downgrade | May 18, 2021 |
| Seaport Global | Buy | Neutral | Upgrade | Jan 18, 2021 |
| Compass Point | Neutral | Neutral | Maintain | May 12, 2020 |
| Nomura | Buy | Buy | Maintain | Apr 6, 2020 |
| CFRA | Hold | Sell | Upgrade | Mar 3, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Jul 16, 2019 |
| Macquarie | Outperform | Neutral | Upgrade | Oct 14, 2018 |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 2, 2018 |
| Berenberg | Sell | Hold | Downgrade | Jul 20, 2017 |
| Guggenheim | Neutral | Sell | Upgrade | Apr 24, 2017 |
| Rafferty Capital | Sell | Hold | Downgrade | Apr 11, 2017 |
| Susquehanna | Neutral | Positive | Downgrade | Nov 30, 2016 |
| FBR Capital | Market Perform | Outperform | Downgrade | Oct 18, 2016 |
| Keefe, Bruyette& Woods | Perform | Outperform | Downgrade | Oct 16, 2016 |
| Societe Generale | Sell | Hold | Downgrade | Mar 8, 2015 |
| Miller Tabak | Buy | Hold | Upgrade | Mar 8, 2015 |
| S&P Capital IQ | Hold | Buy | Downgrade | Jan 13, 2014 |
| Sterne Agee | Neutral | Buy | Downgrade | Jun 13, 2013 |
| Stifel | Buy | Hold | Upgrade | Feb 10, 2013 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 13, 2013 |
| ISI Group | Buy | Buy | Maintain | Jul 12, 2012 |
Track every rating change on WFC-PZ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWells Fargo & Company functions as a comprehensive financial institution, delivering a wide array of banking, investment, mortgage, and both consumer and commercial financial offerings throughout the United States and internationally. Its extensive operations are organized into four primary divisions: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment is dedicated to serving individual clients and small businesses, providing fundamental banking services such as checking and savings accounts, credit and debit cards, along with various loan products for homes, automobiles, personal needs, and small enterprise financing. The Commercial Banking division offers customized financial solutions to private, family-owned, and certain publicly traded companies.…
Historical context
All WFC-PZ earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MS-PO Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Wealth flows and equities lead a strong Q3 |
| MS-PE Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Wealth flows and AI financing drive a strong Q3 |
| MS-PL Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Record Q3, strong wealth flows and AI ambitions |
| MS-PA Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Record Q3, strong flows, higher AI investment |
| BAC-PS Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Bank of America pairs loan growth with higher technology investment |
| BAC-PP Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | BofA: Core Banking Growth Offsets Markets Weakness and Settlement Charge |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
Get the WFC-PZ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:57:43.711916+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-15. For educational purposes only; not investment advice.