WFC
Wells Fargo & Company
September 16, 2026 · market open
- Rarity
- 1.26
- Peak move
- −3.88%
- Float cap
- $276.9B
The company provides a diversified set of banking, investment, and mortgage products and services, plus consumer and commercial finance, to individuals, businesses, and institutions primarily in the U.S. and internationally. It offers checking and savings accounts, credit and debit cards, lending, wealth management, brokerage, treasury management, and capital markets services.
Where do you see this going?
no votes yetVoting closed at 4:00 PM ET.
What we found
17 events · 0 from SEC or newswire · 0 timed with the movepeer_disclosureJPMorgan co-President Doug Petno said at the Barclays conference that Q3 trading revenue and investment banking fees will each rise in the mid-to-high teens percentage range year-over-year, with a strong deal pipeline.
- Key event
peer_disclosureBank of America CEO Brian Moynihan said at the Barclays Global Financial Services Conference that Q3 investment banking fees could fall at least 10% to roughly $1.6B-$1.8B from about $2B a year earlier, with sales and trading revenue roughly flat, and BofA shares fell more than 5%.
executive_remarkWells Fargo CFO Mike Santomassimo said at the Barclays Global Financial Services Conference that the bank could seek acquisitions to add payments or technology capabilities but faces a 'high bar', tied to expectations of mid-single-digit growth in Q3 investment banking fees and markets revenue.
macro_dataAll three major US indices fell for a second straight day, the 10-year Treasury yield rose to its highest level since 2007, and WTI crude surged 4% ahead of the Federal Reserve's meeting.
- Key event
guidance_changeWells Fargo CFO Mike Santomassimo said at the Barclays Global Financial Services Conference that Q3 net interest margin is tracking better than prior guidance and 2026 loan growth will likely exceed the prior mid-single-digit outlook, with the full-year net interest income (~$50B) and expense ($55.7B) forecasts unchanged.
reg_fd_disclosureWells Fargo CFO Mike Santomassimo said at the Barclays conference that Q3 investment banking fees and markets/trading revenue are each expected to rise by a mid-single-digit percentage, and buybacks should stay in the $3B-$6B per quarter range, targeting a CET1 ratio of 10%-10.5%.
peer_disclosureCitigroup CFO Gonzalo Luchetti said Q3 investment banking revenue is on track to grow at a low-single-digit rate and trading revenue at a mid-single-digit rate.
peer_disclosureJefferies data showed investment banking revenue at eight major global banks was down 15% year-over-year and 27% from Q2 as of Sept. 3, while Dealogic put the broader investment banking market down roughly 10%.
analyst_ratingWells Fargo lowered its year-end 2026 S&P 500 target to 7,700 from 7,950, warning of 5%-10% near-term downside, and analysts led by Ohsung Kwon downgraded technology to equal-weight and upgraded healthcare to overweight.
peer_disclosureJapanese and other Asian bank stocks fell, led by Japanese lenders, after Bank of America warned of weaker trading and investment-banking revenue, adding pressure from rising bond yields and expectations of further rate hikes.
commodity_eventBrent crude rose above $108 a barrel on Sept. 15 amid escalating Middle East tensions, pushing up inflation expectations and global bond yields ahead of the Federal Reserve's rate decision.
- Key event
analyst_ratingKeefe, Bruyette & Woods reiterated a Hold rating on Wells Fargo with a $94 price target, calling the CFO's positive Q3 net interest margin update supportive, as the stock traded up about 2% at $90.86.
peer_disclosureAt the Barclays conference, Bank of America CEO Brian Moynihan said BofA's Q3 investment banking fees could fall at least 10% with sales and trading revenue roughly flat, a comparison point for Wells Fargo's own mid-single-digit fee growth outlook.
product_launchWells Fargo announced the nationwide launch of ExpressSend Mobile, embedding its international money-transfer service in the Wells Fargo Mobile app for sending funds to 12 countries including Mexico, India, the Philippines and Vietnam, with a first-transfer fee waiver.
executive_appointmentWells Fargo said John Manning, EVP and head of commercial banking market coverage, will retire at year-end after more than three decades, and Chicago-based Rob Biodrowski, currently a US Midwest division executive, succeeds him in November, leading over 2,000 bankers.
macro_dataTraders positioned for a 25-basis-point Federal Reserve rate hike at the Sept. 15-16 FOMC meeting as August CPI held at 3.4% year-on-year, with the 10-year Treasury yield breaking above 5% for the first time since 2007 and Brent crude topping $108 a barrel.
operational_disruptionWells Fargo Advisors brokers resumed placing orders through the Advisor Gateway desktop system after an outage tied to trade-processing and tax-reporting vendor BetaNXT disrupted trading on Tuesday and Wednesday, the third such disruption in roughly a week.