Citigroup cuts target for Wells Fargo stock from USD 90 to USD 88
Published on 10/27/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- Citigroup cut its Wells Fargo target from USD 90.00 to USD 88.00 on October 14, 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 74.16 at Lang & Schwarz on October 27, 2026 at 4:36 p.m. CEST.
- The next earnings date is January 14, 2027.
Wells Fargo & Co. (ISIN US9497461015) faces a lower analyst benchmark after Citigroup maintained its Neutral rating and cut its target from USD 90.00 to USD 88.00 on October 14, 2026, according to Yahoo Finance. The bank's third-quarter net income reached USD 5.95 billion, while its shares were trading at EUR 74.16 at Lang & Schwarz on October 27, 2026 at 4:36 p.m. CEST.
Profit growth met a revenue miss
Wells Fargo reported USD 1.87 in diluted earnings per share for the third quarter, up 13.00 percent from USD 1.66 a year earlier. Revenue increased 2.00 percent to USD 21.87 billion from USD 21.44 billion in the third quarter of 2025, but remained below the USD 22.31 billion consensus estimate, Yahoo Finance reported on October 13, 2026.
The earnings mix gives investors two different signals. Net interest income rose 5.00 percent to USD 12.52 billion, while the efficiency ratio improved to 63.00 percent from 65.00 percent in the year-earlier quarter. Credit-loss provisions nevertheless increased to USD 1.03 billion from USD 681.00 million.
Stock remains inside its yearly range
On the NYSE, Wells Fargo was trading at USD 82.64 at 11:41 a.m. ET on October 27, 2026. The 52-week range was USD 72.78 to USD 97.76, placing the share price below the high and above the low. The market capitalization was USD 248.1 billion, and the trailing price-to-earnings ratio was 11.57.
Valuation and next report
The Citigroup target of USD 88.00 stands 6.49 percent above the NYSE price of USD 82.64. Yahoo Finance listed an average analyst target of USD 97.02 from 27 analysts on October 26, 2026. Wells Fargo is scheduled to report its fourth-quarter results on January 14, 2027, according to Yahoo Finance.
Comparison with peers
Wells Fargo & Co.: minus 0.01 percent, price-to-earnings ratio 11.57, market capitalization USD 248.1 billion.
JPMorgan Chase & Co. (NYSE, USD): plus 0.63 percent, price-to-earnings ratio 14.10, market capitalization USD 893.5 billion.
Bank of America Corporation (NYSE, USD): plus 0.47 percent, price-to-earnings ratio 12.11, market capitalization USD 351.4 billion.
Price and investor frame
The lower Citigroup target is a valuation counterweight to Wells Fargo's stronger third-quarter profitability. The next quarterly report will test whether the bank can sustain earnings growth while managing credit costs and revenue expectations.
The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.
Wells Fargo stock facts
- Company: Wells Fargo & Company
- ISIN: US9497461015
- Ticker: WFC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 27, 2026, 4:36 p.m. CEST): EUR 74.16
- Market capitalization: USD 248.1 billion (as of October 27, 2026)
- 52-week range: USD 72.78-97.76 (as of October 27, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: January 14, 2027
Market context: Market report S&P 500.
