Wells Fargo (WFC)’s 2026 Outlook: Analyst Revisions and Investor Guidance

Wells Fargo & Company (NYSE:WFC) is one of the best cheapest stocks to buy on Robinhood. On March 17, Truist Securities analyst John McDonald lowered his price target on Wells Fargo & Company (NYSE:WFC) from $98 to $94, while keeping a Buy rating on the stock. McDonald explained that the cut was driven by a softer net interest income (NII) outlook. Truist trimmed its NII estimates after adopting a lower net interest margin assumption, which brought its model in line with Wells Fargo’s own FY2026 guidance of approximately $50 billion in NII.

Wells Fargo (WFC)’s 2026 Outlook: Analyst Revisions and Investor Guidance

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The firm revised its model ahead of Wells Fargo’s Q1 2026 results, due in a month’s time on April 14, and followed a direct investor call between Truist and Wells Fargo’s Head of Investor Relations, John Campbell.

In the revised model, Truist held its FY2026 and FY2027 earnings per share, or EPS, estimates at $6.85 and $7.80, respectively. The firm flagged trading revenue mix and overall fee income as the key wildcards that could push numbers in either direction. On capital returns, Truist revised its share buyback assumption downward to $3.5 billion per quarter in FY2026 and $4.0 billion in FY2027.

Wells Fargo & Company (NYSE:WFC) provides consumer banking, commercial banking, investment, and mortgage services across the United States. Its products include checking and savings accounts, credit cards, auto loans, small business lending, and wealth management solutions.

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