Wells Fargo in the news

Morgan Stanley upgraded Wells Fargo to Overweight with a $102 price target, citing its strong earnings growth that has not yet been reflected in its stock performance over the past year.

Wells Fargo is negotiating with Kraken's parent company, Payward, for crypto trading liquidity.

Wells Fargo raised price targets for Alphabet and Meta Platforms, maintaining Buy ratings due to strong business performance and growing AI opportunities.

Wells Fargo raised its price target for Meta to $1,000, citing the success of its AI agent Muse and anticipating future growth from AI product revenue.

Wells Fargo introduced mobile app features allowing debit card personalization and international money transfers, catering to evolving customer preferences.

Former Wells Fargo employees are suing the company, alleging their 401(k) plan lost over $1 billion due to investments in poorly performing funds, including two actively managed mutual funds and State Street target-date funds.

A financial advisor team managing $1.1 billion in client assets moved from Wells Fargo to LPL Financial.

Wells Fargo is anticipated to report strong Q3 earnings, with an analyst upgrading the stock and forecasting improved returns and efficiency through 2028.

Morgan Stanley upgraded Wells Fargo to a 'buy' with a $102 price target, citing a clearer path to profitability and growth in investment banking following the lifting of asset caps.

Wells Fargo and Guggenheim lowered price targets for McDonald's following its Analyst Day, citing concerns over pricing, sales, and the NEXT strategy.

Fitch Ratings downgraded Wells Fargo Home Mortgage's servicer ratings due to a strategic shift, reduced portfolio, and underperforming customer service technology and default administration.

Wells Fargo announced it will release its third quarter 2026 earnings on October 13, 2026, followed by a conference call and replay options.

Morgan Stanley upgraded Wells Fargo to Overweight, citing an easing of funding pressure and stabilizing NIM, while other firms issued various upgrades and initiations across diverse sectors.

Merrill, Raymond James, UBS, and Prime Capital Financial hired new financial advisors and teams from competitors like Morgan Stanley, Wells Fargo, LPL, Edward Jones, and Edelman Financial Engines.

A $1.1 billion advisory team from Wells Fargo, Praxis Financial Partners, migrated to LPL Financial's registered investment advisor platform.

Wells Fargo terminated employee Diego Sarabia due to his involvement as a suspect in a reopened sexual assault investigation at Cornell University.

Wells Fargo initiated coverage on Coinbase with a neutral rating and a $200 target, while Coinbase's CFO committed to stable expenses in 2026 despite revenue estimate cuts.

Wells Fargo Securities has selected 13 "overweight" stocks for the fourth quarter of 2026, expecting significant returns based on company-specific catalysts, despite lowering its S&P 500 target.

Wells Fargo confirms a "$10 rule" for checking accounts, meaning no overdraft fees for purchases under $10, while still charging $35 for other overdrafts, up to three times daily.

Wells Fargo's chief economist, Tom Porcelli, suggests the market is right to scale back expectations for an October Fed rate hike.