Wells Fargo CFO Signals Stronger 2026 Loan Growth
Wells Fargo & Company (NYSE: WFC ) shares gave up their earlier gains after CFO Mike Santomassimo said at the Barclays Conference that FY2026 loan growth is likely to exceed guidance on Tuesday. Santomassimo noted solid U.S. economic activity and stable credit delinquency trends, though middle-market clients remain cautious. He projects healthy loan growth into early next year and mid-single-digit YoY gains in Q3 investment banking fees and markets revenue. Wells Fargo remains committed to share buybacks and its unchanged FY2026 expense guidance, focusing on organic growth and expanded investment banking coverage over strategic acquisitions. Expands Mobile Banking This week, Wells Fargo launched ExpressSend Mobile nationwide, allowing customers to make international money transfers through the Wells Fargo Mobile app. The service lets customers send money to bank accounts or cash pickup locations in 12 countries. These include Mexico, India, the Philippines and Vietnam. Customers can also track transfers, manage recipients and view exchange rates and fees before sending money. Wells Fargo will waive the fee on a customer’s first ExpressSend transaction. The bank said it is the only
Wells Fargo & Company (NYSE: WFC ) shares gave up their earlier gains after CFO Mike Santomassimo said at the Barclays Conference that FY2026 loan growth is likely to exceed guidance on Tuesday. S. economic activity and stable credit delinquency trends, though middle-market clients remain cautious. He projects healthy loan growth into early next year and mid-single-digit YoY gains in Q3 investment banking fees and markets revenue.
Wells Fargo remains committed to share buybacks and its unchanged FY2026 expense guidance, focusing on organic growth and expanded investment banking coverage over strategic acquisitions. Expands Mobile Banking This week, Wells Fargo launched ExpressSend Mobile nationwide, allowing customers to make international money transfers through the Wells Fargo Mobile app. The service lets customers send money to bank accounts or cash pickup locations in 12 countries. These include Mexico, India, the Philippines and Vietnam.
Customers can also track transfers, manage recipients and view exchange rates and fees before sending money. Wells Fargo will waive the fee on a customer’s first ExpressSend transaction. S. bank offering a dedicated mobile remittance service.
WFC Earnings Preview: October 2026 Date, Estimates, Analyst Targets Following last quarter’s results, investors are now tracking the path toward the next reporting date on October 13, 2026 (confirmed). 79. 05) — The trend profile is holding up better than many peers, even with today’s pullback. 96) — The score suggests the market sees a mixed fundamental/operational profile versus top-tier names.
58) — Expectations point to steady, not explosive, growth characteristics. The Verdict: Wells Fargo &’s Edge signal reveals a momentum-leaning setup with more middle-of-the-pack quality and growth readings. For longer-term traders, that often translates to watching whether pullbacks hold above key moving averages before leaning into the uptrend again. 67% Weight Significance: Because WFC carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
28 at the time of publication Wednesday. Read Also: QUICK SPARK: Big Bank Stocks Tumble After Moynihan's Grim Outlook Photo via Shutterstock