WFC Earnings

WFC reported its earnings on 2026-04-14, showcasing a revenue of 31.80B against an estimate of 21.73B, resulting in a 46.32% surprise. The EPS was 1.56, surpassing the expected 1.58 by -1.27%. The stock experienced a -5.7% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following WFC's earnings announcement on 2026-04-14, the stock price moved by -5.7% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, WFC's stock price tends to shift by an average of 0.64% in the 10 days leading up to earnings and 4.86% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate WFC's annual revenue to reach 22.18B, while the EPS is projected at 1.75. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between WFC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, WFC's stock price typically moves by 0.64% in the 10 days before its earnings and 4.86% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 1.75 and revenue of 22.18B.

The earnings call presents mixed signals. While there is positive growth in NII and credit card accounts, expenses are rising and share repurchases are expected to be lower. The ROTCE target of 17%-18% is ambitious but not final. The Q&A reveals some confidence in achieving financial goals, but also highlights uncertainties in regulatory impacts and NIM compression. The lack of clear guidance on CET1 target adjustments adds to the uncertainty. Overall, these factors suggest a neutral sentiment, with no strong catalysts for significant stock price movement in the short term.