Wells Fargo & Company (NYSE: WFC) is a major American financial services firm. The company provides a wide range of banking, investment, and mortgage products to consumers, small businesses, and corporations. It operates as one of the largest banks in the United States, competing with other giants like JPMorgan Chase and Bank of America.
The overall theme centers on a recent analyst price target update for Wells Fargo & Company. On April 15, 2026, Barclays analyst Jason Goldberg sets a new price target of $108.00, a decrease from the previous $113.00. As highlighted by TheFly, this new target still suggests a potential 32.14% upside from the stock's price of $81.73 at the time.
This price target revision follows Wells Fargo & Company's first-quarter 2026 earnings report, which falls short of analyst expectations. The company's stock declines after the announcement, with shares falling nearly 6.70% in early trading, as reported by Zacks. The stock's price fluctuates during the day, with a daily low of $80.32 and a high of $84.50.
For the quarter, Wells Fargo & Company reports revenue of over $21.40 billion, missing analyst estimates of nearly $21.80 billion. The bank’s net interest income, a key measure of profitability showing the difference between interest earned on loans and interest paid on deposits, is $12.10 billion. This figure fails to meet the anticipated $12.30 billion.
The company reports an adjusted earnings per share of $1.56, which is below the Zacks Consensus Estimate of $1.58. These results are driven by an increase in expenses and a 6.60% year-over-year rise in non-performing assets. Non-performing assets are loans where the borrower has not made scheduled payments for a specified period.
