WFC · News · 20260915N
Guidance / Outlook
WELLS FARGO & COMPANY/MN · 2026-09-15 · Importance 80 · Surprise 68 · In source text
CFO Mike Santomassimo expects Wells Fargo’s 2026 loan growth to be stronger than previously forecast after the asset-cap removal. The bank expects full-year net interest income of approximately $50 billion and expenses of approximately $55.7 billion. Investment banking fees, market revenue and trading revenue are each expected to increase by mid-single-digit percentages in the current quarter. Management cited healthy U.S. consumer spending, good debt-to-income levels and no deterioration in delinquency trends as supports for the outlook.
Key facts
- Wells Fargo expects its expenses to be about $55.7 billion for the full year. source
- Wells Fargo expects mid-single-digit percentage increases in investment banking fees, market revenue, and trading for the current quarter. source
- Wells Fargo pursues growth following the removal of its asset cap. source
- Wells Fargo raised its earnings-per-share estimates for 2027 and 2028. source
- Wells Fargo lowered its year-end target for the S&P 500 index to 7,700 from 7,950. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | Wells Fargo expects its expenses to be about $55.7 billion for the full year. |
| revenue | positive | probable | — | Wells Fargo expects mid-single-digit percentage increases in investment banking fees, market revenue, and trading for the current quarter. |
| revenue | positive | probable | — | Wells Fargo expects mid-single-digit percentage increases in investment banking fees, market revenue, and trading for the current quarter. |
| revenue | positive | probable | — | Wells Fargo expects mid-single-digit percentage increases in investment banking fees, market revenue, and trading for the current quarter. |
| assets | positive | contingent | — | Wells Fargo pursues growth following the removal of its asset cap. |
| net_income | positive | probable | — | Wells Fargo raised its earnings-per-share estimates for 2027 and 2028. |