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Wells Fargo raises target for Butterfield stock from USD 61.00 to USD 65.00

Published on 10/20/2026 at 19:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 27, 2026 after the close. Butterfield stock costs EUR 53.00 on October 20, 2026 at 7:41 p.m. CEST.

Wells Fargo target update

Wells Fargo raised its Butterfield target from USD 61.00 to USD 65.00 on September 30, 2026.
Butterfield scheduled third-quarter results for October 27, 2026.
Butterfield stock costs EUR 53.00 at Lang & Schwarz on October 20, 2026 at 7:41 p.m. CEST.
Second-quarter net income was USD 46.9 million and core net income was USD 63.9 million.

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Wells Fargo raised its target for Butterfield from USD 61.00 to USD 65.00 and kept an Equal-Weight rating on September 30, 2026, as Markets Insider reported. The Bank of N.T. Butterfield & Son stock was trading at EUR 53.00 at Lang & Schwarz on October 20, 2026 at 7:41 p.m. CEST.

Results date sets the next test

Butterfield will release third-quarter 2026 results after the close of the New York Stock Exchange on October 27, 2026, according to Business Wire. The company scheduled its earnings call for October 28, 2026 at 10:00 a.m. Eastern Time.

The date gives investors a defined checkpoint for the USD 65.00 target. The upcoming report will also test whether the bank can extend the core earnings trend reported for the second quarter.

Second-quarter earnings show the split

Butterfield reported USD 46.9 million of GAAP net income for the quarter ended June 30, 2026, down from USD 53.3 million in the second quarter of 2025, according to Butterfield Group. Core net income, an adjusted measure, reached USD 63.9 million versus USD 53.7 million a year earlier.

Acquisition-related expenses explain much of the difference. The company identified USD 16.9 million of non-core deal-related costs in the second quarter, while net interest income rose to USD 95.6 million from USD 89.4 million a year earlier.

Valuation and dates

Butterfield traded at USD 59.38 on the NYSE at 1:35 p.m. ET on October 20, 2026, with a market capitalization of USD 2.3 billion and a price-to-earnings ratio of 10.43. Its 52-week range was USD 41.70 to USD 64.17, placing the stock below its yearly high.

The company declared a quarterly cash dividend of USD 0.50 per share for the quarter ended June 30, 2026. The second-quarter net interest margin was 2.74 percent, compared with 2.64 percent in the second quarter of 2025.

Comparison with peers

Butterfield: price-to-earnings ratio 10.43, market capitalization USD 2.3 billion.

JPMorgan Chase & Co. (NYSE, USD): up 0.58 percent, price-to-earnings ratio 14.08, market capitalization USD 891.7 billion.

Bank of America Corporation (NYSE, USD): up 1.01 percent, price-to-earnings ratio 12.15, market capitalization USD 355.9 billion.

What comes next for the stock

The Wells Fargo target sits above the October 20 NYSE price, but the next report will determine whether the stronger core result can offset acquisition costs. The scheduled October 27 release is the next dated test for earnings quality and balance-sheet execution.

The Bank of N.T. Butterfield & Son was trading at EUR 53.00 at Lang & Schwarz on October 20, 2026 at 7:41 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Butterfield stock.