Wells Fargo & Company stock faces a lower JPMorgan target
Published on 10/03/2026 at 21:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wells Fargo & Company stock (ISIN US9497461015) was last at USD 80.45 on the NYSE on October 2, 2026, at 4:02 p.m. ET, up 0.25 percent on the session. The immediate market talking point is JPMorgan's lower valuation target, while the bank's latest quarterly figures had exceeded expectations.
JPMorgan lowers its target
According to MarketBeat on October 2, 2026, JPMorgan cut its Wells Fargo price target from USD 95.50 to USD 91.50 and maintained a neutral rating. The new target sits USD 11.05 above the last price, equal to 13.7 percent upside based on the October 2, 2026 reference price.
The change contrasts with a broader analyst consensus of Moderate Buy and an average target of USD 99.69, also reported by MarketBeat. That spread makes the next earnings release important because the stock remains below both the JPMorgan target and the wider consensus level.
Q2 earnings beat expectations
Wells Fargo reported USD 1.96 in diluted EPS for Q2 2026 against USD 1.73 consensus, a USD 0.23 beat. Revenue reached USD 22.62 billion versus USD 21.86 billion expected, while year-over-year revenue growth was 8.6 percent, according to MarketBeat.
The earnings quality still has a counterweight. Yahoo Finance reported on September 29, 2026, that Q2 net interest margin declined to 2.43 percent and that the company maintained its 2026 net interest income guidance of USD 50 billion.
Stock remains below its yearly high
Wells Fargo's October 2, 2026 reference price stood USD 17.31 below the 52-week high of USD 97.76 and USD 7.67 above the 52-week low of USD 72.78. The latest market capitalization was USD 243.3 billion, with 10,074,371 shares traded in the reference snapshot.
The next checkpoint is fiscal Q3 2026 earnings. Yahoo Finance reported on September 29, 2026, that Wells Fargo is scheduled to report before the market opens on October 14, 2026, with consensus EPS of USD 1.84.
Wells Fargo stock awaits its next test
Wells Fargo stock combines a Q2 earnings beat with a lower JPMorgan target and a dated earnings catalyst. The USD 91.50 JPMorgan target and the USD 99.69 consensus target give investors two distinct benchmarks for judging the October results.
Wells Fargo stock at a glance
- Company: Wells Fargo & Company
- ISIN: US9497461015
- Ticker: WFC
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:02 p.m. ET): USD 80.45
- Market capitalization: USD 243.3 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
- Next earnings date: October 14, 2026
