Wells Fargo tracks Truist upgrade, shares hold near recent NYSE highs

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-26, 20:22.

Wells Fargo & Co (US9497461015) sits near recent highs on the NYSE at around 84.75 US dollars, based on closing data for June 25, 2026. The stock traded modestly above its prior levels this week as large houses refined their targets for the US banking group.

Truist lifts price target

On June 26, 2026, Truist Financial increased its Wells Fargo price target from 90 to 94 US dollars, according to an analyst note summarized by MarketBeat and Benzinga. The broker kept a positive stance on the bank, pointing to earnings power and capital returns in the multi-year forecast horizon.

The Truist adjustment follows a period of steady performance for Wells Fargo on the NYSE, where the shares have moved in a tight band in recent sessions. With the new target, the broker sees room for upside versus the mid-80 dollar trading area, reinforcing a constructive Wall Street view on large US banks.

Consensus backdrop on Wall Street

Recent consensus compilations show Wells Fargo covered by a broad range of US and international houses, many of which assign Buy or overweight ratings alongside double-digit price targets above the prevailing share price. These views reflect expectations for stable net interest income, fee-based revenue from wealth and card services, and solid capital ratios that underpin ongoing distributions.

Across the peer group, Wells Fargo competes directly with Bank of America, JPMorgan Chase and Citigroup in US consumer banking and corporate lending, where margins and loan growth remain key drivers for long-run earnings. Analyst models typically track return on equity and efficiency ratios closely, using them to calibrate medium-term targets for diversified banks.

How Wells Fargo makes its money

Wells Fargo earns most of its revenue from US consumer and commercial banking, including mortgages, checking and savings accounts, credit cards and auto loans. Additional income comes from corporate and investment banking, wealth management and payments services across its nationwide branch and digital network.

Where the stock trades today

As of 2026-06-26, 20:22, Wells Fargo & Co shares trade on the NYSE at approximately 84.75 US dollars, in line with the June 25, 2026 closing level in New York.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.