Wells Fargo & Co. stock gains support as Goldman Sachs sticks with Buy rating

Published on 09/11/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs reiterated its Buy rating on Wells Fargo & Co. stock with a USD 111.00 price target as of September 10, 2026. The shares recently traded below that target, while investors weigh the bank’s latest quarterly earnings trend.

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Wells Fargo & Co. stock (ISIN US9497461015) is trading with support from fresh analyst commentary, after Goldman Sachs reaffirmed a Buy rating and a USD 111.00 price target on September 10, 2026, when the shares closed at USD 87.96 according to The Globe and Mail.

Goldman Sachs and Morgan Stanley diverge on Wells Fargo

As The Globe and Mail reported on September 10, 2026, Goldman Sachs analyst Richard Ramsden maintained a Buy rating on Wells Fargo and set a price target of USD 111.00, compared with a prior closing price of USD 87.96, implying upside of about 21 percent from that level.

In the same update cited by The Globe and Mail, Morgan Stanley kept a Hold rating on Wells Fargo, highlighting that major Wall Street houses remain split on the stock’s risk-reward profile.

Earnings trend frames the analyst debate

According to The Globe and Mail, Goldman Sachs bases its Buy rating on expectations that Wells Fargo can leverage recent earnings and efficiency measures to improve profitability, with the USD 111.00 target reflecting confidence in the bank’s ability to grow earnings per share over its latest reporting periods.

Per the most recent quarterly information available from Wells Fargo’s investor materials on Wells Fargo, the company highlighted that in its latest reported quarter within 2026 it generated multi-billion-dollar revenue and net income, with earnings per share showing year-on-year growth compared with the same quarter of the prior year, underscoring the fundamental backdrop behind the positive analyst stance.

Stock valuation versus analyst target

With Wells Fargo & Co. shares last reported at USD 87.96 on September 10, 2026 on the New York Stock Exchange, compared with Goldman Sachs’ USD 111.00 price target from the same date as noted by The Globe and Mail, the stock is trading well below the level that Goldman Sachs believes reflects its medium-term earnings potential.

For investors, the gap between the current share price around the high-80s in USD and the Buy-rated target above USD 110 is the central valuation question, especially as Morgan Stanley’s Hold stance, cited by The Globe and Mail, points to lingering concerns about regulatory costs and credit-cycle risks for large US banks.

Wells Fargo & Co. stock price snapshot

As of September 10, 2026, Wells Fargo & Co. stock closed at USD 87.96 on the New York Stock Exchange, per price information referenced by The Globe and Mail, with a market capitalization in the tens of billions of US dollars and a 52-week range that places the latest close below the upper end of its yearly highs.