Wells Fargo raised its 2026 loan-growth outlook after CFO Mike Santomassimo cited a resilient U.S. economy and healthy borrower demand, even as the shares fell approximately 1.8% to $88.16. Average loans climbed roughly 12% in the second quarter, well ahead of management's earlier expectation for mid-single-digit annual growth. The bank kept its roughly $50 billion net-interest-income forecast and $55.7 billion expense outlook unchanged, while management projected mid-single-digit third-quarter growth in both investment-banking fees and markets revenue. At $88.16, Wells Fargo trades about 4.16% above its $84.64 GF Value estimate, suggesting the shares already price in part of the operating improvement.
Wells Fargo & CompanyWells Fargo raised its 2026 loan-growth outlook on healthy borrower demand, with average loans up ~12% in Q2, ahead of prior mid-single-digit expectations.
