Morgan Stanley upgrades Wells Fargo stock to Overweight
Published on 10/06/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wells Fargo stock is at EUR 72.63 at Lang & Schwarz on October 6, 2026 at 9:47 a.m. CEST, down 0.32 percent from the EUR 72.86 prior close. According to CNBC on October 5, 2026, Morgan Stanley upgraded Wells Fargo from Equal Weight to Overweight, named it a top pick and kept a USD 102.00 price target.
Morgan Stanley sees stronger returns
The analyst case rests on improving profitability rather than a single trading session. CNBC reported on October 5, 2026 that Morgan Stanley expects return on tangible common equity to reach 17.00 percent in the second half of 2027 and 18.00 percent in 2028.
The same outlook points to easing funding pressure, steadier net interest margins and more revenue from existing customer relationships. Those assumptions matter because Wells Fargo's market capitalization was USD 246.3 billion on October 5, 2026, while its NYSE 52-week range was USD 72.78 to USD 97.76.
Second-quarter earnings set the base
Wells Fargo generated USD 2.00 in adjusted earnings per share in the second quarter of 2026, up 25.00 percent from USD 1.60 in the second quarter of 2025, according to CNBC. The comparison gives the upgrade a concrete earnings anchor, although the bank's future returns still depend on margin performance and balance-sheet growth.
Wells Fargo's next scheduled test arrives on October 13, 2026. The company said in a release dated October 5, 2026 that it will report third-quarter 2026 results that day and host a conference call afterward through its investor-relations channels, according to Wells Fargo.
EUR 72.63 quote before results
The Lang & Schwarz price of EUR 72.63 was down 0.32 percent versus the EUR 72.86 prior close on October 6, 2026 at 9:47 a.m. CEST. The NYSE reference was last at USD 81.44 on October 5, 2026, placing the euro quote and the US listing in separate currency frames.
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 6, 2026, 9:47 a.m. CEST: EUR 72.63
- Change versus prior close: minus 0.32 percent
- Prior close Lang & Schwarz October 5, 2026: EUR 72.86
- Market capitalization: USD 246.3 billion as of October 5, 2026
- 52-week range: USD 72.78-97.76 as of October 5, 2026
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: October 13, 2026
