Wells Fargo (WFC)’s 2026 Outlook: Analyst Revisions and Investor Guidance

Core Viewpoint - Wells Fargo & Company (NYSE:WFC) is considered one of the best cheap stocks to buy, despite a recent price target reduction by Truist Securities from $98 to $94 due to a softer net interest income outlook [1][2]. Group 1: Analyst Revisions - Truist Securities lowered its net interest income (NII) estimates after adopting a lower net interest margin assumption, aligning with Wells Fargo's FY2026 guidance of approximately $50 billion in NII [1][3]. - Truist maintained its FY2026 and FY2027 earnings per share (EPS) estimates at $6.85 and $7.80, respectively, highlighting trading revenue mix and overall fee income as key variables that could influence these numbers [3]. Group 2: Capital Returns - The firm revised its share buyback assumption downward to $3.5 billion per quarter in FY2026 and $4.0 billion in FY2027 [3]. Group 3: Company Overview - Wells Fargo provides a range of financial services including consumer banking, commercial banking, investment, and mortgage services across the United States, with products such as checking and savings accounts, credit cards, auto loans, small business lending, and wealth management solutions [4].