Wells Fargo stock dips as earnings and 2026 forecast fall short
Wells Fargo & Co. saw its shares fall in early trading after releasing its latest financial results. The bank’s earnings missed expectations, and its forecast for 2026 disappointed investors. This follows a strong 32.7% share price rise in 2025.
The bank reported earnings per share of $1.62, below the $1.67 analysts had predicted. Net interest income also came in lower than expected, at $12.33 billion instead of the forecast $12.46 billion.
Wells Fargo set its 2026 interest income target at $50 billion, slightly under the $50.33 billion analysts had anticipated. The company also recorded $612 million in severance costs due to ongoing job cuts. Shares dropped by 1.7% in premarket trading after the announcement.
The bank’s financial update showed weaker-than-expected earnings and a cautious outlook. Investors reacted by selling shares, reversing some of last year’s gains. The job cuts and severance expenses added further pressure to the results.
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