Wells Fargo stock: Goldman Sachs cuts target for Wells Fargo stock to USD 96.00

Published on 10/23/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Earnings per share beat USD 1.85 consensus at USD 1.87. Wells Fargo stock costs EUR 73.40 on October 23, 2026, 0.61 percent below Xetra close.

Goldman Sachs target cut

Goldman Sachs cut its Wells Fargo target to USD 96.00 from USD 107.00 on October 5, 2026.
Third-quarter net income reached USD 5.95 billion, while revenue rose 2.00 percent to USD 21.87 billion.
Wells Fargo stock costs EUR 73.40 at Lang & Schwarz on October 23, 2026 at 3:36 p.m. CEST, 0.61 percent below the Xetra close of October 22, 2026.
The next scheduled annual report is January 14, 2027.

Flatlay Aktienzertifikat mit ISIN-Karte und Geld, Wells Fargo & Co., US9497461015 — Flatlay mit Aktienzertifikat und ISIN-Karte veranschaulicht die Kapitalanlage in Wells Fargo & Co., US9497461015, Illustration mit AI erstellt.

Wells Fargo & Co. (ISIN US9497461015) faces a lower Goldman Sachs price target of USD 96.00, down from USD 107.00 in a research note dated October 5, 2026, according to Markets Insider. The stock was trading at EUR 73.40 at Lang & Schwarz on October 23, 2026 at 3:36 p.m. CEST, down 0.61 percent versus the Xetra close of October 22, 2026 at EUR 73.85.

Profit beat masks revenue gap

The latest operating picture is mixed. Wells Fargo reported third-quarter net income of USD 5.95 billion and diluted earnings per share of USD 1.87 on October 13, 2026, while revenue rose 2.00 percent year over year to USD 21.87 billion, according to Vermögenszentrum. The earnings-per-share result exceeded the USD 1.85 consensus estimate, but revenue remained below the USD 22.30 billion expectation, according to CNBC.

Price stays near yearly low

At Lang & Schwarz, the October 23, 2026 quote of EUR 73.40 was 0.85 percent above the 52-week low equivalent of EUR 72.78 only when measured in the same euro quotation, so the primary-exchange range is kept in USD. On the NYSE, Wells Fargo was last at USD 82.34 on October 23, 2026 at 9:47 a.m. ET. Its USD 72.78 to USD 97.76 52-week range puts the latest US quote 15.77 percent below the high and 13.14 percent above the low.

Valuation and next date

Wells Fargo carried a market capitalization of USD 247.2 billion and a price-to-earnings ratio of 11.54 as of October 23, 2026. The trailing dividend yield was 2.00 percent. The next scheduled report is January 14, 2027, according to comdirect.

Comparison with peers

Wells Fargo & Co.: down 0.61 percent versus the Xetra close, price-to-earnings ratio 11.54, market capitalization USD 247.2 billion.
JPMorgan Chase & Co. (NYSE, USD): down 1.20 percent, price-to-earnings ratio 13.95, market capitalization USD 883.9 billion.
Bank of America Corporation (NYSE, USD): down 0.68 percent, price-to-earnings ratio 12.12, market capitalization USD 354.8 billion.

The target leaves room for debate

Goldman Sachs now sees the USD 96.00 target 16.59 percent above the NYSE quote of USD 82.34 on October 23, 2026. The lower target still sits above the market price, but the cut from USD 107.00 narrows the valuation cushion. For investors, the important split is clear: earnings per share beat expectations, while revenue growth remained slower than the consensus forecast.

The stock was trading at EUR 73.40 at Lang & Schwarz on October 23, 2026 at 3:36 p.m. CEST, 0.61 percent below the Xetra close of October 22, 2026 at EUR 73.85. The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.