Goldman cuts target from USD 96.00 to USD 94.00 for Wells Fargo stock

Published on 10/14/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman's note set the target at USD 94.00 versus USD 96.00. Wells Fargo stock was at EUR 72.30 on October 14, 2026.

Quarterly results reshape analyst view

Goldman Sachs set a USD 94.00 target versus USD 96.00 on October 13, 2026.
Third-quarter revenue reached USD 21.87 billion while earnings per share rose to USD 1.87.
Wells Fargo stock stood at EUR 72.30 at 11:10 a.m. CEST at Lang & Schwarz on October 14, 2026.

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Goldman Sachs lowered its Wells Fargo target from USD 96.00 to USD 94.00 after the bank's third-quarter results, while Wells Fargo stock stood at EUR 72.30 at Lang & Schwarz on October 14, 2026 at 11:10 a.m. CEST. The target change and the earnings release put profitability gains beside softer revenue momentum for investors assessing the bank's next phase.

Goldman trims the target

According to Markets Insider on October 13, 2026, Goldman Sachs kept a Buy rating while cutting the target to USD 94.00 from USD 96.00. The analyst cited a third-quarter net interest income miss and softer average earning-asset metrics, although the report also pointed to market-share gains in capital-markets businesses.

Profit beat revenue miss

Reuters reported on October 13, 2026 that Wells Fargo earned USD 5.95 billion in the third quarter, up from USD 5.59 billion a year earlier. Diluted earnings per share rose to USD 1.87 from USD 1.66, while net interest income increased 5.00 percent to USD 12.52 billion.

Yahoo Finance reported on October 14, 2026 that total revenue rose 2.00 percent year over year to USD 21.87 billion, below the USD 22.30 billion consensus estimate. Average loans and deposits each grew 11.00 percent, creating a quantified contrast between balance-sheet expansion and revenue growth.

Loan growth meets tighter test

The third-quarter figures show why the analyst response is mixed. Net interest income improved by USD 0.57 billion year over year, but the revenue miss indicates that larger loan and deposit balances did not translate into matching top-line growth. Wells Fargo maintained full-year 2026 net interest income guidance of about USD 50.00 billion and expects fourth-quarter net interest income of about USD 13.00 billion, according to Yahoo Finance on October 13, 2026.

EUR quote at Lang & Schwarz

Wells Fargo stock stood at EUR 72.30 at Lang & Schwarz on October 14, 2026 at 11:10 a.m. CEST. The primary listing is NYSE in USD, where the company closed at USD 80.74 on October 13, 2026, according to the market data context. The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.