---
title: "Weekly Recap | Wells Fargo +0.38%, most brokers rate it buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302177473.md"
description: "Wells Fargo (WFC) added 0.38% this week to close at $83.87 on Friday, while the S&P 500 fell 1.95%, leaving the stock around 2.33 percentage points ahead of the benchmark. It was a choppy week: the shares opened Monday at $83.99 and peaked near $84.73 before dropping to a weekly low of $78.04 on Wednesday, then regaining ground over the final two sessions to end at $83.87 with a 7.97% intraweek range."
datetime: "2026-10-17T09:02:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302177473.md)
  - [en](https://longbridge.com/en/news/302177473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302177473.md)
generator: "portal-rs"
---

# Weekly Recap | Wells Fargo +0.38%, most brokers rate it buy

## The Week

Wells Fargo (WFC) added 0.38% this week to close at $83.87 on Friday, while the S&P 500 fell 1.95%, leaving the stock around 2.33 percentage points ahead of the benchmark. It was a choppy week: the shares opened Monday at $83.99 and peaked near $84.73 before dropping to a weekly low of $78.04 on Wednesday, then regaining ground over the final two sessions to end at $83.87 with a 7.97% intraweek range.

## Key Events

Wells Fargo’s third-quarter earnings call dominated the company-specific news, with management pointing to solid customer credit and reaffirming full-year net interest income guidance. Broad-market headlines highlighted the OCC’s finding that Wells Fargo and eight other large banks debanked customers over political and religious beliefs. The bank also appointed Cayetano Gaya-Carrasco as head of AI and data for consumer banking, and secured a court order dismissing the $34 million unpaid compensation lawsuit brought by former CEO Sloan.

## Analyst Ratings

Among 27 institutions covering WFC, 14 rate it buy, 5 overweight and 8 hold, with no underweight or sell ratings, giving a consensus recommendation of buy. The consensus target price is $97.15, about 15.8% above the latest close, with a high of $108 and a low of $88. WFC ranks first among 60 peers in its industry group.

## The Week Ahead

Next week brings US housing and inventory data: the NAHB housing market index on Monday, housing starts and building permits on Tuesday, and the EIA weekly crude oil inventories on Wednesday. Investors will also watch for any follow-through on regulators’ debanking findings and any signs of softening lending demand as rates stay elevated.

## In Short

Wells Fargo’s modest gain came with mixed signals. Analysts remain constructive, with the consensus target price roughly $13 above the latest close, while the latest session shows large-lot money turning net seller. The key things to watch are how regulators handle the debanking findings and whether high rates begin to pressure net interest income and credit quality.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**