Wells Fargo CFO Signals Stronger 2026 Loan Growth

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Wells Fargo & Company (NYSE: WFC) shares gave up their earlier gains after CFO Mike Santomassimo said at the Barclays Conference that FY2026 loan growth is likely to exceed guidance on Tuesday. Santomassimo noted solid U.S. economic activity and stable credit delinquency trends, though middle-market clients remain cautious. He projects healthy loan growth into early next year and mid-single-digit YoY gains in Q3 investment banking fees and markets revenue.

Wells Fargo remains committed to share buybacks and its unchanged FY2026 expense guidance, focusing on organic growth and expanded investment banking coverage over strategic acquisitions.

Expands Mobile Banking

This week, Wells Fargo launched ExpressSend Mobile nationwide, allowing customers to make international money transfers through the Wells Fargo Mobile app.

The service lets customers send money to bank accounts or cash pickup locations in 12 countries. These include Mexico, India, the Philippines and Vietnam.

Customers can also track transfers, manage recipients and view exchange rates and fees before sending money. Wells Fargo will waive the fee on a customer's first ExpressSend transaction.

The bank said it is the only major U.S. bank offering a dedicated mobile remittance service.

WFC Earnings Preview: October 2026 Date, Estimates, Analyst Targets

Following last quarter's results, investors are now tracking the path toward the next reporting date on October 13, 2026 (confirmed).

  • EPS Estimate: $1.84 (Up from $1.73 YoY)
  • Revenue Estimate: $22.33 Billion (Up from $21.44 Billion YoY)
  • Valuation: P/E of 13.0x (Indicates value opportunity relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $97.79. Recent analyst moves include:

  • JP Morgan: Neutral (Raises Target to $95.50) (July 29)
  • Baird: Neutral (Raises Target to $92.00) (July 15)
  • Keefe, Bruyette & Woods: Market Perform (Lowers Target to $94.00) (July 15)
Wells Fargo Edge Rankings: Momentum Strong, Quality and Growth Mixed

Below is the Benzinga Edge scorecard for Wells Fargo, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Bullish (Score: 70.05) - The trend profile is holding up better than many peers, even with today's pullback.
  • Quality: Neutral (Score: 35.96) - The score suggests the market sees a mixed fundamental/operational profile versus top-tier names.
  • Growth: Neutral (Score: 44.58) - Expectations point to steady, not explosive, growth characteristics.
The Verdict: Wells Fargo &'s Benzinga Edge signal reveals a momentum-leaning setup with more middle-of-the-pack quality and growth readings. For longer-term traders, that often translates to watching whether pullbacks hold above key moving averages before leaning into the uptrend again.

Top WFC ETF Exposure: KBWB, IYF, and IYG Weightings

  • Invesco KBW Bank ETF (NASDAQ: KBWB): 8.06% Weight
  • iShares US Financials ETF (NYSE: IYF): 3.86% Weight
  • iShares US Financial Services ETF (NYSE: IYG): 3.67% Weight
Significance: Because WFC carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

WFC Stock Price Activity: Wells Fargo shares were down 1.60% at $88.28 at the time of publication Wednesday.