BUZZ - Broker's View: Wells Fargo beats earnings expectations, solidifies long-term growth prospects
路透社2026/10/14 09:01October 14 - ** Wells Fargo WFC.N reported third-quarter profits on Tuesday that exceeded Wall Street expectations (link), but lower-than-expected net interest income and revenue overshadowed this better-than-expected performance.
** According to LSEG data, the median target price from 27 brokerages covering the stock is $95.
Growth momentum begins to show compounding effects
** JPMorgan (maintains "Neutral" rating, target price: $91.50) stated that Wells Fargo WFC is benefiting from tightly controlled spending, moderate loan growth, and stable credit quality. As its revenue and earnings structure continue to optimize, the bank will benefit further.
** Royal Bank of Canada (RBC) ("Outperform" rating, target price: $92) pointed out that with the lifting of the asset cap, Wells Fargo's growth strategy is gradually yielding results. Broad-based revenue growth momentum, efficiency improvements, and balance sheet expansion all support its medium-term profitability targets.
** Morgan Stanley ("Overweight", target price: $101) said Wells Fargo's better-than-expected fourth-quarter net interest income (NII) outlook and stabilizing net interest margin (NIM) will support further profitability improvements.
** Jefferies ("Buy", target price: $100) said that as Wells Fargo aims to achieve a medium-term ROTCE target of 17%-18%, its stable net interest margin and growing market business will underpin continued growth in both its balance sheet and earnings.
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