HUD examined Wells Fargo programs as Wells Fargo stock trades at EUR 73.59

Published on 10/09/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HUD examined a USD 60 billion Wells Fargo housing effort. Wells Fargo stock costs EUR 73.59 on October 9, 2026 after EUR 73.09, plus 0.68 percent.

Key points in brief

HUD examined Wells Fargo mortgage programs tied to a USD 60 billion homeownership commitment on October 7, 2026.
Wells Fargo reported USD 22.62 billion of second-quarter revenue and USD 2.00 diluted earnings per share on July 14, 2026.
Wells Fargo stock was trading at EUR 73.59 at Lang & Schwarz on October 9, 2026, plus 0.68 percent versus its EUR 73.09 prior close.
The next earnings report is scheduled for October 13, 2026, before the US market opens.

Makroaufnahme gestapelter Dollarnoten mit Papierstruktur, Wells Fargo & Co., US9497461015 — Makroaufnahme von Banknoten zeigt das Kerngeschäft von Wells Fargo & Co., ISIN US9497461015, im Bankensektor, Illustration mit AI erstellt.

HUD examined Wells Fargo programs as Wells Fargo stock was trading at EUR 73.59 at Lang & Schwarz on October 9, 2026. Markets Insider reported on October 7, 2026 that the Department of Housing and Urban Development was examining mortgage programs linked to Wells Fargo's homeownership efforts. The investigation adds regulatory risk ahead of the bank's next earnings report.

Three events shaped the stock

On July 14, 2026, Wells Fargo reported USD 22.62 billion of revenue and diluted earnings per share of USD 2.00 for the second quarter of 2026, compared with USD 1.73 consensus earnings per share. Yahoo Finance said the quarter also included a 2.43 percent net interest margin and retained 2026 net interest income guidance of USD 50 billion.

On October 5, 2026, Morgan Stanley upgraded Wells Fargo to Overweight and kept a USD 102.00 price target, according to StockAnalysis. On October 7, 2026, the HUD probe involved a Wells Fargo commitment of USD 60 billion in loans intended to help at least 250,000 Black homeowners by 2027, Markets Insider reported.

What the HUD probe means for Wells Fargo

The USD 60 billion commitment gives the investigation a material business and reputational dimension, while the 250,000-home target shows the scale of the program under review. The central issue is whether differentiated mortgage support complied with fair-lending rules, rather than whether the bank's second-quarter earnings met expectations.

Next earnings date and estimates

Wells Fargo is scheduled to report third-quarter 2026 results on October 13, 2026, according to StockAnalysis. A Yahoo Finance preview put expected third-quarter earnings per share at USD 1.84, up 6.40 percent from USD 1.73 in the prior year's quarter.

Wells Fargo stock and the next session

At Lang & Schwarz, Wells Fargo stock was trading at EUR 73.59 on October 9, 2026 at 3:42 p.m. CEST, plus 0.68 percent versus the EUR 73.09 prior close of October 8, 2026. On the NYSE, WFC was last at USD 82.35 on October 9, 2026 at 9:53 a.m. EDT. The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.