HSBC starts Wells Fargo stock coverage with USD 108 target
Published on 10/02/2026 at 14:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wells Fargo (ISIN US9497461015) stock was trading at EUR 71.65 at Lang & Schwarz on October 2, 2026 at 2:33 p.m. CEST, up 0.86 percent versus the prior close of EUR 71.04. According to MarketBeat on September 28, 2026, HSBC began coverage of Wells Fargo with a Buy rating and a USD 108.00 price target. The event gives the bank a fresh valuation reference while the German quote remains the relevant euro price for local investors.
HSBC sets a USD 108 target
HSBC's target is a concrete test for the market's view of Wells Fargo's earnings power. The target is denominated in USD, so it is separate from the EUR 71.65 Lang & Schwarz quotation and is not converted into a euro return estimate.
The broader analyst picture also has a measurable counterweight. MarketBeat reported on September 22, 2026 that 26 brokerages carried a Moderate Buy consensus, with 14 Buy ratings, 10 Holds and two Strong Buy ratings. The average 12-month target in that report was USD 98.61.
Second-quarter revenue rose 8.65 percent
The latest reported operating picture came from the quarter ended June 30, 2026. MetaTrader reported total revenue of USD 22.62 billion, compared with USD 20.82 billion in the second quarter of 2025, an increase of 8.65 percent. Diluted earnings per share rose to USD 2.00 from USD 1.60, a 25.00 percent increase.
The quality of that growth matters because the same report put net interest margin at 2.43 percent, down from 2.68 percent a year earlier. Total assets reached USD 2.28 trillion in the second quarter, while the bank's revenue growth was supported by higher noninterest income and net interest income.
Third-quarter results are due October 13
finanzen.ch reported on September 29, 2026 that Wells Fargo was expected to present its third-quarter 2026 financial results on October 13, 2026. That date places the next earnings release ahead of the bank's next major test of loan growth, deposit costs and net interest margin.
Wells Fargo stock remains above its prior close
At Lang & Schwarz, Wells Fargo stock was trading at EUR 71.65 on October 2, 2026 at 2:33 p.m. CEST, plus 0.86 percent versus the prior close of EUR 71.04. The NYSE indication was USD 80.27 at 8:43 a.m. EDT on October 2, 2026, while market capitalization stood at USD 242.7 billion and the 52-week range was USD 72.78 to USD 97.76.
The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.
Wells Fargo stock facts
- Company: Wells Fargo & Company
- ISIN: US9497461015
- Ticker: WFC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 2:33 p.m. CEST): EUR 71.65
- Change versus prior close: plus 0.86 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 71.04
- Market capitalization: USD 242.7 billion (as of October 2, 2026)
- 52-week range: USD 72.78-97.76 (as of October 2, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
