Phillip Securities cuts Wells Fargo stock target from USD 115 to USD 105

Published on 10/23/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo posted USD 1.87 earnings per share in Q3. Wells Fargo stock trades at EUR 73.64 on October 23, 2026 with USD 249.2 billion market value.

Analyst changes and earnings

Phillip Securities lowered its target from USD 115 to USD 105 on October 15, 2026.
Third-quarter earnings per share reached USD 1.87 against USD 1.85 expected on October 13, 2026.
Wells Fargo stock trades at EUR 73.64 at 11:02 a.m. CEST at Lang & Schwarz on October 23, 2026.

Isometrisches 3D-Diagramm der Bankwertschöpfungskette, Wells Fargo & Co., US9497461015 — Isometrisches Diagramm zeigt Bankprozesse und Wertschöpfungskette von Wells Fargo & Co., ISIN US9497461015, Illustration mit AI erstellt.

Wells Fargo & Co. (ISIN US9497461015) reported USD 1.87 in earnings per share for the third quarter of 2026, up from USD 1.66 a year earlier. The latest analyst move came from Phillip Securities, which cut its target from USD 115 to USD 105 on October 15, 2026, according to Investing.com.

Why the target moved

The target reduction followed a mixed quarterly picture. Revenue rose 2.00 percent year over year to USD 21.870 billion, but came in below the USD 22.317 billion consensus estimate, while earnings per share exceeded the USD 1.85 estimate, Benzinga reported on October 14, 2026.

Phillip Securities cited lower expectations for net interest income, investment advisory revenue and other noninterest income. Its revised fiscal year 2026 earnings estimate was 8.00 percent lower, while the firm retained a Buy rating, according to Investing.com.

Three recent milestones

On October 13, 2026, Wells Fargo released its third-quarter results, with earnings per share of USD 1.87 and revenue of USD 21.870 billion, as Wells Fargo announced. On October 14, 2026, RBC Capital cut its target from USD 100 to USD 92, while Morgan Stanley reduced its target from USD 102 to USD 101, according to Benzinga. Phillip Securities followed on October 15 with its USD 115 to USD 105 reduction.

What comes next

Wells Fargo's next substantiated date is October 27, 2026, when the replay of the third-quarter conference call is scheduled to end, according to Wells Fargo. For investors, the central issue is whether balance-sheet growth can translate into stronger revenue after the quarterly consensus miss.

Wells Fargo stock in euros

Wells Fargo & Company has a market capitalization of USD 249.2 billion as of October 22, 2026. Its primary listing is on the NYSE under ticker WFC, and the bank operates across consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.

Wells Fargo stock was trading at EUR 73.64 at Lang & Schwarz on October 23, 2026 at 11:02 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.