Street View: Wells Fargo's slow start tests patience, not conviction

Wells Fargo & Co

15/04/2026 10:49

** Wells Fargo WFC.N reported Q1 interest income and revenue that missed Wall Street expectations on Tuesday

** Median PT of 26 brokerages covering the stock is $95.50; average rating is "Buy" - LSEG-compiled data

NEAR-TERM PRESSURES LINGER

** Morningstar (Fair value: $88) says, "slow start to the post-asset-cap chapter, but no alarm bells are ringing"

** J.P.Morgan ("Neutral," PT: $91) says capital levels need to be in sync with Wells' strategic ambitions

** "CET1 ratio below 10% would be surprising for a bank that is aiming to be a top five investment bank" - JPM

** Evercore ISI ("Outperform," PT: $95) says, ultimately, near-term patience is required as Wells gains altitude, "but we remain confident in long-term upside to returns and favor  stock's idiosyncratic story"

** Piper Sandler ("Overweight," PT: $94) says although there is some near‑term "show me" on NII, the shares are compelling for investors willing to take a longer-term view

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))