The Goldman Sachs Group Cuts Wells Fargo & Company (NYSE:WFC) Price Target to $93.00

Wells Fargo & Company (NYSE:WFC) had its target price cut by The Goldman Sachs Group from $109.00 to $93.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on WFC. Robert W. Baird raised Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 price objective for the company in a report on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Wells Fargo & Company from $99.00 to $99.50 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Wednesday, January 21st. HSBC restated a “hold” rating and issued a $74.00 price objective on shares of Wells Fargo & Company in a report on Wednesday, January 7th. Finally, TD Cowen reduced their price objective on shares of Wells Fargo & Company from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Wells Fargo & Company currently has an average rating of “Moderate Buy” and an average price target of $96.82.

Wells Fargo & Company Stock Up 0.8%

Shares of WFC opened at $80.24 on Monday. The business’s fifty day moving average price is $84.99 and its two-hundred day moving average price is $86.28. The firm has a market capitalization of $247.58 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.87 and a beta of 1.08. Wells Fargo & Company has a 52 week low of $58.42 and a 52 week high of $97.76. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90.

Wells Fargo & Company (NYSE:WFC) last released its earnings results on Wednesday, January 14th. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $21.29 billion during the quarter, compared to the consensus estimate of $21.63 billion. Wells Fargo & Company had a return on equity of 12.90% and a net margin of 17.27%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, analysts predict that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, February 6th. Wells Fargo & Company’s dividend payout ratio is presently 28.71%.

Insiders Place Their Bets

In related news, EVP Ellen R. Patterson sold 60,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the sale, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. This represents a 26.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kleber Santos sold 25,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $87.72, for a total value of $2,193,000.00. Following the sale, the executive vice president directly owned 79,876 shares in the company, valued at $7,006,722.72. The trade was a 23.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,000 shares of company stock worth $10,050,000. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WFC. Godfrey Financial Associates Inc. acquired a new position in shares of Wells Fargo & Company in the 4th quarter valued at approximately $25,000. Miller Capital Partners Inc. acquired a new stake in Wells Fargo & Company during the 4th quarter worth approximately $25,000. Navalign LLC bought a new position in Wells Fargo & Company in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management bought a new position in Wells Fargo & Company in the fourth quarter valued at approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Wells Fargo & Company in the fourth quarter valued at approximately $29,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Wells Fargo & Company

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Analysts expect solid Q1 results and double‑digit profit growth heading into earnings season, supporting confidence that Wells Fargo can sustain earnings momentum. Wells Fargo’s Q1 2026 Earnings: What to Expect
• Positive Sentiment: Active options/trading ideas tied to WFC (example: a covered‑put/put‑selling trade pitched by analysts) signal investor income strategies and can mechanically support the share price by encouraging buy/hold positions. Wells Fargo Trade Idea
• Positive Sentiment: Wells Fargo’s $2.25M grant to the ICA Fund under its Open for Business Growth initiative is a modest positive for reputation and community lending visibility, which can help local deposit/growth narratives. ICA Fund Announces $2.25 Million in New Funding
• Neutral Sentiment: Wells Fargo research activity remains high (example: a raised price target on Cheniere Energy) — shows the firm’s capital‑markets/research presence but has limited direct impact on WFC’s fundamentals. Wells Fargo Research on Cheniere Energy
• Neutral Sentiment: Broader market/commentary from Wells Fargo economists (e.g., commentary on weak 2‑year auctions and “bunker mentality”) influences rate expectations and bank net interest margin outlooks but is not an immediate WFC‑specific catalyst. Wells Fargo Economist on Two‑Year Note Auction
• Negative Sentiment: CEO Charlie Scharf warned of potential credit losses as private‑credit strains (withdrawal restrictions) create spillover risk — a direct investor concern because higher credit losses would pressure provisions and profitability. CEO Warns of Credit Losses
• Negative Sentiment: Analyst sentiment has softened in places: selective price‑target trims and lowered expectations from firms such as Truist and reports noting reduced Street expectations introduce downside risk to near‑term sentiment. Analyst Revisions and Investor Guidance Goldman Lowers Expectations
• Negative Sentiment: Industry reporting on banks’ exposure to private‑credit stress highlights structural risk that could lead to higher provisions or slower fee growth if the private‑credit dislocation deepens. WSJ: Private Credit Meltdown

Wells Fargo & Company Company Profile

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.