Wells Fargo

All six major US bank stocks dropped after third-quarter reports despite several beats, as investors worry about inflation, rising rates and the economic outlook. Wells Fargo beat earnings but missed revenue and saw net interest margin stabilize; Jim Cramer’s Charitable Trust upgraded it to a buy-equivalent rating. Goldman Sachs and Morgan Stanley also topped estimates while Bank of America and JPMorgan showed weaknesses in revenue or trading; Cramer views the pullbacks in some names as buying opportunities. » More on cnbc.com

Wells Fargo reported Q3 revenue of $21.9 billion, missing estimates, while EPS rose 13% to $1.87 and beat consensus. Net interest margin stabilized at 2.43% and management expects NII to rise in the higher-rate environment, supporting ROTCE improvements. The bank showed fee and segment mix weakness but progress in investment banking and strong credit metrics; share repurchases continued at $2.5 billion. Analysts upgraded the stock to buy-equivalent with a $95 price target, viewing the recent pullback as a buying opportunity. » More on cnbc.com

Wells Fargo will release results for the quarter ended Sept. 30, 2026, on Oct. 13, 2026. Twenty-two analysts on average expect EPS of $1.85 (prior year $1.66) and revenue of $22.31 billion versus $31.66 billion in the year-ago quarter. For the current fiscal year, consensus estimates are $7.32 EPS and $88.80 billion in revenue versus $6.26 and $124.24 billion in the prior year. » More on finanzen.net

Wells Fargo is under a federal probe led by HUD Secretary Scott Turner over mortgage programs aimed at boosting Black and minority homeownership, with Turner calling the practices immoral. The piece argues the probe reflects a broader problem: successive White Houses have pressured banks to align lending with shifting political priorities, forcing banks to prioritize political directives over pure shareholder interests. Historical examples cited include TARP in 2008, Operation Choke Point under Obama, and policy shifts under Trump and Biden that influenced banks' lending behavior. » More on forbes.com

Wells Fargo will release results for the quarter ended September 30, 2026, on October 13, 2026. On average, 20 analysts expect earnings per share of $1.85 versus $1.66 in the year-ago quarter. Sixteen analysts estimate quarterly revenue at a mean of $22.37 billion, a decline of 29.34% from $31.66 billion a year earlier. For the current fiscal year, consensus estimates are $7.29 earnings per share (25 analysts) and $88.83 billion in revenue (21 analysts), versus $6.26 and $124.24 billion in the prior year. » More on finanzen.net