Wells Fargo stock: Morgan Stanley upgrades Wells Fargo stock with USD 102 target

Published on 10/21/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wealth revenue grew 12.00 percent in the quarter. Wells Fargo stock costs EUR 73.02 on October 21, 2026, down 0.22 percent versus Xetra close.

Analyst view and market levels

Morgan Stanley upgraded Wells Fargo to Overweight and retained a USD 102.00 target on October 5, 2026.
Wealth and Investment Management revenue rose 12.00 percent in the third quarter of 2026.
Wells Fargo stock costs EUR 73.02 at Lang & Schwarz on October 21, 2026 at 4:00 p.m. CEST, 0.22 percent below the Xetra close of October 20, 2026.
The next scheduled annual-results date is January 14, 2027.

Dokumentarische Schwarzweiß-Aufnahme Bankgebäude, Wells Fargo & Co., US9497461015 — Schwarz-weiß-Reportage zeigt Bankgeschäft der Branche von Wells Fargo & Co., ISIN US9497461015, im Finanzviertel, Illustration mit AI erstellt.

Wells Fargo & Co. stock remains tied to a USD 102.00 Morgan Stanley target after analyst Manan Gosalia upgraded the bank to Overweight from Equal-Weight on October 5, 2026, according to CNBC. The target is 24.16 percent above the USD 82.15 NYSE price at 10:02 a.m. ET on October 21, 2026. At Lang & Schwarz, the stock was trading at EUR 73.02 on October 21, 2026 at 4:00 p.m. CEST, down 0.22 percent versus the Xetra close of October 20, 2026 at EUR 73.18.

Quarterly growth has a mixed profile

Wells Fargo reported third-quarter 2026 results on October 13, 2026. Net income reached USD 5.95 billion, up 6.00 percent year over year, while revenue rose 2.00 percent to USD 21.87 billion and trailed the USD 22.31 billion consensus, according to Investing.com. Earnings per share rose 13.00 percent to USD 1.87 against a USD 1.84 estimate. Wealth and Investment Management revenue increased 12.00 percent, Commercial Banking revenue advanced 6.00 percent and Consumer Banking and Lending revenue grew 5.00 percent.

Stock sits below its yearly high

The NYSE price of USD 82.15 on October 21, 2026 stood 15.97 percent below the 52-week high of USD 97.76 and 12.88 percent above the low of USD 72.78. Wells Fargo's market capitalization was USD 246.6 billion, with a price-to-earnings ratio of 11.52 and a trailing dividend yield of 2.00 percent on the same date. The intraday move was minus USD 0.05, or minus 0.06 percent, against the US prior close.

Valuation and upcoming dates

The Morgan Stanley target of USD 102.00 is 24.16 percent above the USD 82.15 NYSE price. The next scheduled annual-results date is January 14, 2027, followed by first-quarter results on April 13, 2027, as listed by comdirect.

Comparison with peers

Wells Fargo & Co.: down 0.22 percent versus the Xetra close, price-to-earnings ratio 11.52, market capitalization USD 246.6 billion. JPMorgan Chase & Co. (NYSE, USD): down 0.20 percent, price-to-earnings ratio 14.01, market capitalization USD 889.4 billion. Bank of America Corporation (NYSE, USD): up 0.34 percent, price-to-earnings ratio 12.13, market capitalization USD 355.3 billion.

Analyst target leads the market view

Morgan Stanley's October 5 upgrade gives investors a defined valuation marker while the latest quarterly figures show stronger earnings and uneven revenue momentum. The 15.97 percent gap to the yearly high leaves the stock below its recent peak, even as the USD 102.00 target remains above the October 21 NYSE price.

The stock was trading at EUR 73.02 at Lang & Schwarz on October 21, 2026 at 4:00 p.m. CEST, 0.22 percent below the Xetra close of October 20, 2026 at EUR 73.18. The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.