--- canonical_url: https://www.stockexpertai.com/earnings/wfc last_updated: 2026-05-03T20:55:54.037Z --- # Wells Fargo & Company (WFC) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T20:55:52.725Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $80.81 (▼ -1.73%) | fmp:quote | | Market Cap | $247.6B | fmp:profile | | 52w range | $71.90 – $97.76 | fmp:quote | | Earnings | Tue 14 Jul | fmp:earnings-history | | EPS estimate | $1.71 (+11% YoY) | fmp:earnings-estimate | | Revenue estimate | $21.8B | fmp:earnings-estimate | | Beat streak | 0/4 | fmp:earnings-history | | Rating | B- (overall 3/5) | fmp:ratings | | Analyst median target | $100 (+23.1% upside) | fmp:price-target-consensus | | MoonshotScore | 39/100 | derived | | Council | 2/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## Wells Fargo & Company — Q4 FY2026 Expectations Q4 consensus: revenue $21.8B^{[FMP est]}, EPS $1.71^{[FMP est]}. 0 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B- · **Stance:** BUY · **Council:** 2/6 · **Moonshot:** 39 = MoonshotScore 39^{[9-pillar formula]} + Council 2/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (6 metrics) ### 1. 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, Investor Focus · Q1 FY2026 ### 2. 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, Expectation / Guide · Q1 FY2026 ### 3. 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, Expectation / Guide · Q1 FY2026 ### 4. 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, Investor Focus · Q1 FY2026 ### 5. 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, Investor Focus · Q1 FY2026 ### 6. 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, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 3.0 | weak | Q1 vs Q2: moderate growth (+5.3%) | | Gross Margin | 6.0 | medium | Q1: high margin (63.9%) | | Operating Leverage | 2.0 | weak | op margin healthy (18.4%) | | Cash Runway | 3.0 | weak | FCF very strong ($9.1B, 9143000000.0× CapEx) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 4.0 | medium | RSI 48.0 balanced, 50d below | | News Sentiment | 6.0 | medium | majority buy (64%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +23.1% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 48 | | Klarman | neutral | value · target upside +23.1% | | Buffett | bull | quality · ROE score 4/5 | | Munger | neutral | valuation · target upside +23.1% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Moderate - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 48.0 — dengeli — yön sinyali zayıf - **50d MA:** $81 — hisse %0.1 altında — kısa vadeli direnç - **200d MA:** $84 — hisse %4.3 altında — uzun vadeli baskı - **Volume (10d):** -27% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.54 | $1.41 | BEAT | +1.3% | | Q3 FY25 | $1.73 | $1.55 | BEAT | +2.2% | | Q4 FY25 | $1.62 | $1.66 | MISS | -0.3% | | Q1 FY26 | $1.56 | $1.58 | +-1.3% EPS | -1.7% | 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. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $1.71 + CapEx discipline** Threshold: EPS > $1.71^{[FMP est]}. Target: Break above median target $100^{[FMP target]}; high target $113^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $1.71 + CapEx < $0** Threshold: EPS ≈ $1.71^{[FMP est]}, Q4 CapEx < $0^[FMP]. Target: Consolidation in the band between current $81^[FMP] and median $100^[FMP]. ### Scenario C · Miss **EPS < $1.66 or CapEx ≥ $0** Threshold: EPS < $1.66^{[FMP est×0.97]}. Target: Current $81 below SMA200 $84^[FMP], if rejection continues, $72^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.56 vs $1.58 beat^[FMP], stock -1.7% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $0^{[FMP cashflow]}. Q1 op margin 18.4%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $100 (+23.1% upside vs current $81) - **High / Low:** $113 / $74 - **Buy / Hold / Sell:** 18 / 10 / 0 - **Analyst count:** 6 (last quarter), 77 all-time ## Additional Transcript Insights ### 1. revenue_growth **Claim:** Wells Fargo saw positive impacts from investments, with diluted earnings per share increasing 15%, revenue increasing 6%, loans growing 11%, and deposits up 7%. **Evidence (transcript):** "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." **Numbers:** 15%, 6%, 11%, 7% ### 2. expense_discipline **Claim:** Wells Fargo is increasing investments in areas like technology, including AI, while continuing to execute on efficiency initiatives, with revenue growing faster than expenses. **Evidence (transcript):** "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." **Numbers:** 23 ### 3. consent_order_resolution **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** 14, 2019 ### 4. consumer_spending_trends **Claim:** Wells Fargo notes that consumers are spending more overall, but lower-income households are more exposed to higher energy prices. **Evidence (transcript):** "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." **Numbers:** 6%, 4%, 75% ### 5. loan_growth_exceeding_expectations **Claim:** Wells Fargo anticipates that average loan growth could be higher than previously assumed due to strong customer engagement and marketing investments. **Evidence (transcript):** "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." **Numbers:** 4% ### 6. nii_guidance_maintained **Claim:** Wells Fargo is retaining its guidance of 50 billion dollars, plus or minus, of net interest income (NII) for 2026. **Evidence (transcript):** "We are retaining our guidance of 50 billion dollars, plus or minus, of net interest income this year." **Numbers:** 50 --- *Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*