Wells Fargo (WFC)
NYSEFinancialsBanks - DiversifiedSnapshot 2026-07-07
$87.18-0.31%
Close 2026-07-07 · 1-day change
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Track WFC free→NYSEFinancialsBanks - DiversifiedSnapshot 2026-07-07
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Track WFC free→Wells Fargo aims to keep net interest income near $50 billion in 2026. It plans to control noninterest expenses around $55.7 billion. The bank is increasing dividends by 11%, showing strong capital allocation. Analysts expect modest revenue growth of about 2%.
Regulatory scrutiny and recent earnings misses challenge Wells Fargo's growth. Noninterest expenses remain high, limiting profit gains. Dividend coverage pressure could reduce shareholder returns.
The price is about 5% below our fair value near $91, reflecting moderate revenue growth of 2.4%. Our fair value is slightly below the Street median, indicating cautious optimism. We see potential if Wells Fargo meets its income and expense targets.
Breaks if: no dividend increase or dividend cut in FY26
Breaks if: net interest income falls below $48 billion in FY26
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Continue to maintain net interest income guidance at approximately $50 billion for 2026.
Stated in 3 of last 3 quarters. Management has consistently guided net interest income to be around $50 billion for 2026. Revenue increased from $21.32 billion in 2025-Q2 to $24.198 billion in 2025-Q4, indicating progress towards this target. The trajectory is delivering as expected.
“Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance.”
“2026 NII excluding Markets1 is expected to increase from 2025 driven by growth in the balance sheet.”
“Expect 2025 noninterest expense to be ~$54.6 billion, up from prior guidance.”
Breaks if: noninterest expenses exceed $57 billion in FY26
Maintain control over noninterest expenses with a target of approximately $55.7 billion for 2026.
Stated in 3 of last 3 quarters. Management has maintained noninterest expense guidance at $55.7 billion for 2026. Operating income decreased from $6.438 billion in 2025-Q2 to $4.43 billion in 2025-Q4, indicating limited progress in controlling expenses. The trajectory shows persistent challenges.
“Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance.”
“Expect 2025 noninterest expense to be ~$54.6 billion, up from prior guidance.”
“Expect 2025 noninterest expense to be ~$54.2 billion, unchanged from prior guidance.”