Wells Fargo shares slide after Q1 results come in mixed, with revenue and net interest income missing expectations

Wells Fargo & Company (WFC) is down 6.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a mixed quarterly report where revenue fell short of expectations and net interest income came in a bit light, even as profit was solid. Investors may also be reacting to higher operating expenses and a sequential dip in net interest income, which can pressure near-term margin narratives for large banks.

Details:

Wells Fargo reported first-quarter 2026 net income of about $5.3 billion, or $1.60 per diluted share.

Total revenue was about $21.45 billion, which came in below analyst expectations cited alongside the earnings coverage.

Net interest income was about $12.10 billion and declined versus the prior quarter, a potential negative read-through for core banking profitability.

Noninterest expense rose to about $14.33 billion versus the prior quarter, which can weigh on operating leverage even when revenue is growing year over year.

Sources:

Wells Fargo Investor Relations / SEC Filing, Associated Press, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WFC Insider Trading Activity

$WFC insiders have traded $WFC stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $WFC stock by insiders over the last 6 months:

ELLEN R PATTERSON (Sr. EVP and General Counsel) sold 60,000 shares for an estimated $5,244,000
BRIDGET E. ENGLE (Sr. Executive Vice President) sold 30,000 shares for an estimated $2,613,000
KLEBER SANTOS (Sr. Executive Vice President) sold 25,000 shares for an estimated $2,193,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

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$WFC Hedge Fund Activity

We have seen 1,287 institutional investors add shares of $WFC stock to their portfolio, and 1,139 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 52,398,170 shares (-71.8%) from their portfolio in Q4 2025, for an estimated $4,883,509,444
JPMORGAN CHASE & CO removed 14,333,386 shares (-9.9%) from their portfolio in Q4 2025, for an estimated $1,335,871,575
WELLINGTON MANAGEMENT GROUP LLP removed 10,004,056 shares (-12.1%) from their portfolio in Q4 2025, for an estimated $932,378,019
CAPITAL INTERNATIONAL INVESTORS removed 9,987,607 shares (-28.1%) from their portfolio in Q4 2025, for an estimated $930,844,972
FMR LLC removed 7,566,969 shares (-3.9%) from their portfolio in Q4 2025, for an estimated $705,241,510
BLACKROCK, INC. added 7,305,451 shares (+2.9%) to their portfolio in Q4 2025, for an estimated $680,868,033
DODGE & COX removed 6,576,214 shares (-16.9%) from their portfolio in Q4 2025, for an estimated $612,903,144

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$WFC Congressional Stock Trading

Members of Congress have traded $WFC stock 7 times in the past 6 months. Of those trades, 4 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $WFC stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/18 and 1 sale worth up to $15,000 on 03/13.
SENATOR MITCH MCCONNELL has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/01, 12/01 and 0 sales.
REPRESENTATIVE JULIE JOHNSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 12/18, 11/13.
SENATOR JOHN BOOZMAN purchased up to $15,000 on 12/17.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$WFC Analyst Ratings

Wall Street analysts have issued reports on $WFC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Argus Research issued a "Buy" rating on 01/15/2026
Truist Securities issued a "Buy" rating on 01/15/2026
Barclays issued a "Overweight" rating on 01/05/2026

To track analyst ratings and price targets for $WFC, check out Quiver Quantitative's $WFC forecast page.

$WFC Price Targets

Multiple analysts have issued price targets for $WFC recently. We have seen 13 analysts offer price targets for $WFC in the last 6 months, with a median target of $100.0.

Here are some recent targets:

Vivek Juneja from JP Morgan set a target price of $91.0 on 04/07/2026
John Pancari from Evercore ISI Group set a target price of $95.0 on 04/06/2026
Betsy Graseck from Morgan Stanley set a target price of $100.0 on 03/31/2026
David Chiaverini from Jefferies set a target price of $100.0 on 03/26/2026
Richard Ramsden from Goldman Sachs set a target price of $93.0 on 03/23/2026
John McDonald from Truist Securities set a target price of $94.0 on 03/17/2026
David George from Baird set a target price of $85.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.