Wells Fargo slides as risk-off macro shock hits financials

Wells Fargo & Company (WFC) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears largely macro-driven: a broad market selloff alongside a sharp jump in oil prices and softer U.S. payrolls data revived inflation-and-slowdown worries, which can pressure bank stocks. Even with recent regulatory overhang relief, investors may be de-risking financials amid rising rate volatility and concerns about credit conditions.

Details:

U.S. equities sold off while crude oil spiked and February payrolls data came in weaker, stirring “stagflation” concerns and weighing on cyclicals such as banks.

Treasury yields moved higher as markets repriced the outlook for 2026 rate cuts, which can tighten financial conditions and hit sentiment across lenders.

The Federal Reserve terminated its 2018 enforcement action against Wells Fargo on March 5, 2026, removing a long-running constraint, but the stock still traded down in the subsequent risk-off tape.

Wells Fargo announced it will fully redeem its Series BB preferred stock and related depositary shares, a capital-structure action that can modestly shift investor focus to funding and capital priorities.

Sources:

Saxo, Federal Reserve, Wells Fargo Newsroom, U.S. SEC (EDGAR)

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.

$WFC Hedge Fund Activity

We have seen 1,336 institutional investors add shares of $WFC stock to their portfolio, and 1,223 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 6 times in the past 6 months. Of those trades, 3 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 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.
SENATOR MITCH MCCONNELL purchased up to $15,000 on 12/01.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 11/18.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

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 5 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
UBS issued a "Buy" rating on 10/07/2025
Evercore ISI Group issued a "Outperform" rating on 09/30/2025

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 14 analysts offer price targets for $WFC in the last 6 months, with a median target of $100.0.

Here are some recent targets:

David George from Baird set a target price of $85.0 on 02/13/2026
Vivek Juneja from JP Morgan set a target price of $99.5 on 02/09/2026
Steven Alexopoulos from TD Cowen set a target price of $100.0 on 01/15/2026
Gerard Cassidy from RBC Capital set a target price of $100.0 on 01/15/2026
John Pancari from Evercore ISI Group set a target price of $105.0 on 01/15/2026
John McDonald from Truist Securities set a target price of $100.0 on 01/15/2026
Stephen Biggar from Argus Research set a target price of $101.0 on 01/15/2026

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.