Wells Fargo Analysts Lower Their Forecasts After Q3 Results

Benzinga Earnings

Oct 14

Wells Fargo & Company (NYSE:WFC) on Tuesday reported mixed third-quarter results.

Wells Fargo reported earnings of $1.87 per share, beating the Wall Street consensus estimate of $1.85. Earnings increased 13% from $1.66 per share a year earlier. Revenue rose 2% year over year to $21.870 billion, missing analysts’ expectations of $22.317 billion.

Wells Fargo reaffirmed its 2026 guidance, projecting net interest income of approximately $50 billion. The bank expects fourth-quarter net interest income of about $13 billion. It also maintained its full-year noninterest expense forecast of approximately $55.7 billion.

Wells Fargo shares fell 2.8% to trade at $78.48 on Wednesday.

These analysts made changes to their price targets on Wells Fargo following earnings announcement.

RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and cut the price target from $100 to $92.
Morgan Stanley analyst Manan Gosalia maintained the stock with an Overweight rating and lowered the price target from $102 to $101.

Considering buying WFC stock? Here’s what analysts think:

Photo via Shutterstock

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www-web.itiger.com/news/2675079340"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2675079340\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2675079340?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-14 22:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2675079340","market":"us","top_or_hot":-1,"title":"Wells Fargo Analysts Lower Their Forecasts After Q3 Results","media":"Benzinga Earnings","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/WFCNP\">Wells Fargo &amp;</a>amp; Company</strong> (NYSE:WFC) on Tuesday reported mixed third-quarter results.</p>\n<p>Wells Fargo reported earnings of $1.87 per share, beating the Wall Street consensus estimate of $1.85. Earnings increased 13% from $1.66 per share a year earlier. Revenue rose 2% year over year to $21.870 billion, missing analysts’ expectations of $22.317 billion.</p>\n<p>Wells Fargo reaffirmed its 2026 guidance, projecting net interest income of approximately $50 billion. The bank expects fourth-quarter net interest income of about $13 billion. It also maintained its full-year noninterest expense forecast of approximately $55.7 billion.</p>\n<p>Wells Fargo shares fell 2.8% to trade at $78.48 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Wells Fargo following earnings announcement.</p>\n<ul>\n<li>RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and cut the price target from $100 to $92.</li>\n<li>Morgan Stanley analyst Manan Gosalia maintained the stock with an Overweight rating and lowered the price target from $102 to $101.</li>\n</ul>\n<p><strong>Considering buying WFC  stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"287\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-1024x287.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-1024x287.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-768x215.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310.png 1177w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wells Fargo Analysts Lower Their Forecasts After Q3 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWells Fargo Analysts Lower Their Forecasts After Q3 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-10-14 22:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/WFCNP\">Wells Fargo &amp;</a>amp; Company</strong> (NYSE:WFC) on Tuesday reported mixed third-quarter results.</p>\n<p>Wells Fargo reported earnings of $1.87 per share, beating the Wall Street consensus estimate of $1.85. Earnings increased 13% from $1.66 per share a year earlier. Revenue rose 2% year over year to $21.870 billion, missing analysts’ expectations of $22.317 billion.</p>\n<p>Wells Fargo reaffirmed its 2026 guidance, projecting net interest income of approximately $50 billion. The bank expects fourth-quarter net interest income of about $13 billion. It also maintained its full-year noninterest expense forecast of approximately $55.7 billion.</p>\n<p>Wells Fargo shares fell 2.8% to trade at $78.48 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Wells Fargo following earnings announcement.</p>\n<ul>\n<li>RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and cut the price target from $100 to $92.</li>\n<li>Morgan Stanley analyst Manan Gosalia maintained the stock with an Overweight rating and lowered the price target from $102 to $101.</li>\n</ul>\n<p><strong>Considering buying WFC  stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"287\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-1024x287.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-1024x287.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310-768x215.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/10/14101629/image-310.png 1177w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0417517546.SGD","symbol_name":"Allianz US Equity Cl AT Acc SGD","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/10/62356444/wells-fargo-analysts-lower-their-forecasts-after-q3-results","article_id":"2675079340","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2675079340","pubTimestamp":1791987466,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Wells Fargo beat Q3 EPS estimates but missed revenue; reaffirmed guidance. 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Revenue rose 2% year over year to $21.870 billion, missing analysts’ expectations of $22.317 billion.\nWells Fargo reaffirmed its 2026 guidance, projecting net interest income of approximately $50 billion. The bank expects fourth-quarter net interest income of about $13 billion. It also maintained its full-year noninterest expense forecast of approximately $55.7 billion.\nWells Fargo shares fell 2.8% to trade at $78.48 on Wednesday.\nThese analysts made changes to their price targets on Wells Fargo following earnings announcement.\n\nRBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and cut the price target from $100 to $92.\nMorgan Stanley analyst Manan Gosalia maintained the stock with an Overweight rating and lowered the price target from $102 to $101.\n\nConsidering buying WFC  stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}