Wells Fargo Earnings Rise as Analyst Upgrades Stock After 6% Pullback

Wells Fargo’s third-quarter earnings increased as net interest income and returns improved, prompting an analyst to upgrade the stock after shares fell 6% since the beginning of September. The bank reported third-quarter 2026 net income of $5.951 billion, or $1.87 per diluted share, for the quarter ended Sept. 30, 2026. Revenue rose 2% from a year earlier to $21.870 billion but came in below the $22.3 billion consensus estimate. The analyst raised Wells Fargo’s rating from 2 to rating 1, equivalent to a buy rating, while keeping the price target at $95. Shares fell 2% on Oct. 13, 2026.

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