6 analysts' median target is $100[FMP target], stock is $81, +23.1% upside potential. After Q1 +-1.3% EPS beat[FMP earnings], the stock moved -1.7%.
B- = MoonshotScore 39[9-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $21.8B[FMP est], EPS $1.71[FMP est]. 0 consecutive quarters of beat[FMP earnings].
Q1 EPS +-1.3% beat[FMP] but the stock -1.7% D+1[FMP D+1]. Michael Santomassimo promised $0 CapEx + a sequential decline in Q4 during the Q1 earnings call[Michael Santomassimo capex transcript].
Watchlist
Revenue Growth
revenue_growth
Wells Fargo saw positive impacts from investments, with diluted earnings per share increasing 15%, revenue increasing 6%, loans growing 11%, and deposits up 7%.
"We saw continued positive impacts from the investments we have been making with diluted earnings per share increasing 15%, revenue increasing 6%, loans growing 11%, and deposits up 7% compared to a year ago."
- Charles Scharf, CEO - Q1 FY26 Earnings Call - April 14, 2026
Loan Growth Exceeding Expectations
loan_growth_exceeding_expectations
Wells Fargo anticipates that average loan growth could be higher than previously assumed due to strong customer engagement and marketing investments.
"Average loans grew 4% in the first quarter from the beginning of the year, and if demand remains strong, average loan growth could be higher than the mid-single-digit increase we had previously assumed."
- Michael Santomassimo, CFO - Q1 FY26 Earnings Call - April 14, 2026
Nii Guidance Maintained
nii_guidance_maintained
Wells Fargo is retaining its guidance of 50 billion dollars, plus or minus, of net interest income (NII) for 2026.
"We are retaining our guidance of 50 billion dollars, plus or minus, of net interest income this year."
- Michael Santomassimo, CFO - Q1 FY26 Earnings Call - April 14, 2026
Consumer Spending Trends
consumer_spending_trends
Wells Fargo notes that consumers are spending more overall, but lower-income households are more exposed to higher energy prices.
"The financial health of consumers and businesses remains strong. Consumers are spending more than a year ago, which includes spending more on gas, but they have not slowed spending on everything else. Gas represented 6% of our total debit card spend and 4% of our total credit card spend before the rise in oil prices. They now represent 75% of debit and credit card spend. Note that these numbers are higher for low-income households."
- Charles Scharf, CEO - Q1 FY26 Earnings Call - April 14, 2026
Consent Order Resolution
consent_order_resolution
Wells Fargo closed its final outstanding consent order, bringing the total to 14 terminated since 2019, and is now focusing on accelerating growth and improving returns.
"Last month, we closed our final outstanding consent order, bringing the total to 14 terminated since 2019. We are incredibly proud of the hard work and unwavering commitment that was required to reach this milestone and understand the importance of sustaining our risk and control culture. With this work behind us, we are now focusing more fully on accelerating growth and improving returns."
- Charles Scharf, CEO - Q1 FY26 Earnings Call - April 14, 2026
Expense Discipline
expense_discipline
Wells Fargo is increasing investments in areas like technology, including AI, while continuing to execute on efficiency initiatives, with revenue growing faster than expenses.
"At the same time, we are increasing our investments in areas like technology, including AI, as well as in advertising, while continuing to execute on our efficiency initiatives which has resulted in 23 consecutive quarters of headcount reductions."
- Charles Scharf, CEO - Q1 FY26 Earnings Call - April 14, 2026
Stock Expert AI - Methodology
9-pillar methodology. - strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 2 bullish (Ray Dalio, Buffett), 1 bearish (Ken Griffin), 3 neutral (Jim Simons, Klarman, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 (April 14, 2026): EPS $1.56 vs $1.58 est[FMP], +-1.3% beat. D+1 movement: -1.7%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $1.56 vs $1.58 beat[FMP], stock -1.7% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $0[FMP cashflow]. Q1 op margin 18.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Tuesday evening. The framework is ready on this page: Q4 EPS threshold $1.71[FMP], CapEx threshold "below $0"[Michael Santomassimo]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This WFC (WFC) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.