Citigroup Has Lowered Expectations for Wells Fargo & Company (NYSE:WFC) Stock Price

Posted by George Bondi on Oct 14th, 2026

Wells Fargo & Company (NYSE:WFC) had its target price decreased by stock analysts at Citigroup from $90.00 to $88.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price target would suggest a potential upside of 9.95% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. HSBC began coverage on Wells Fargo & Company in a report on Monday, September 28th. They issued a “buy” rating and a $108.00 price target on the stock. Royal Bank Of Canada cut their price objective on shares of Wells Fargo & Company from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of Wells Fargo & Company in a research report on Tuesday, July 14th. Robert W. Baird boosted their target price on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Truist Financial upped their target price on shares of Wells Fargo & Company from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.08.

View Our Latest Analysis on Wells Fargo & Company

Wells Fargo & Company Stock Performance

Wells Fargo & Company stock traded down $0.71 during trading on Wednesday, reaching $80.03. The company had a trading volume of 12,678,453 shares, compared to its average volume of 16,021,131. Wells Fargo & Company has a 52 week low of $72.78 and a 52 week high of $97.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $242.02 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96. The firm’s 50-day simple moving average is $85.58 and its 200 day simple moving average is $83.25.

Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.02. Wells Fargo & Company had a return on equity of 13.85% and a net margin of 17.55%. The firm had revenue of $21.87 billion during the quarter, compared to analyst estimates of $22.31 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Wells Fargo & Company will post 7.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wells Fargo & Company

Institutional investors and hedge funds have recently made changes to their positions in the business. Security National Bank of Sioux City Iowa IA purchased a new stake in Wells Fargo & Company in the 2nd quarter worth approximately $28,000. Phillip James Consulting Co. bought a new stake in Wells Fargo & Company in the first quarter worth approximately $28,000. Dunhill Financial LLC bought a new position in Wells Fargo & Company during the second quarter valued at about $30,000. Main Street Group LTD bought a new position in shares of Wells Fargo & Company in the 1st quarter valued at approximately $29,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Wells Fargo & Company in the second quarter worth $34,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

Positive Sentiment: Profit beat and resilient operating trends: Third-quarter EPS rose 13% year over year to $1.87, exceeding the $1.85 consensus, while net income reached $5.95 billion. Average loans and deposits each grew 11%, operating expenses declined 1%, and wealth-management revenue increased 12%. Wells Fargo profit rises on robust loan growth, interest income
Positive Sentiment: Analysts remain constructive: RBC maintained an Outperform rating and described Wells Fargo as increasingly positioned to pursue growth after seven years of regulatory restrictions, although it lowered its price target to $92. Morgan Stanley reiterated a Buy rating with a $101 target, citing a favorable net-interest-income trajectory and a stronger 2027 outlook. Wells Fargo is finally playing offense after restrictions
Positive Sentiment: Consumer credit remains stable: CEO Charlie Scharf said consumers are still managing higher prices and borrowing costs, with no clear deterioration in credit yet. Jim Cramer also said the bank is positioned to make more money if rates remain elevated. Wells Fargo credit outlook
Neutral Sentiment: Regulatory and strategic developments: A Treasury review found that reputation-risk policies at the nine largest national banks could allow political considerations to influence access to banking services, potentially creating compliance and reputational risks for WFC. Separately, Wells Fargo is preparing to join a consortium stablecoin planned for 2027, offering longer-term payments potential but uncertain near-term benefits. Treasury banks debanking review
Negative Sentiment: Revenue and NII missed expectations: Total revenue was $21.87 billion versus the $22.31 billion forecast, while net interest income of $12.52 billion fell short of the $12.66 billion estimate. Management also reported sharply slower trading activity late in September, which pressured noninterest revenue. Wells Fargo trading activity slowed
Negative Sentiment: Credit costs are rising: The provision for credit losses increased to $1.03 billion from $681 million a year earlier, and executives warned that inflation and higher rates could eventually weaken consumer credit.

Wells Fargo & Company Company Profile

(Get Free Report)

Wells Fargo & Company (NYSE: WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.