RBC Capital Cuts Wells Fargo (WFC) Price Target to $92

RBC Capital has reiterated its Outperform rating on Wells Fargo with a new price target of $92.0, a 9.98% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 1:56 PM EDT

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RBC Capital cut its price target on Wells Fargo & Company ($WFC) to $92 from $100 on October 14, 2026, and rates the stock "Outperform".

Since the rating, $WFC is up 3.7% to date (from the $80.90 close on Oct 14, 2026).

WFC Wells Fargo & Company

$83.87 -10.45% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, RBC Capital reiterated its Outperform rating on Wells Fargo & Company, setting a price target of $92.0.
RBC Capital's $92 price target implies 9.98% upside from Wells Fargo & Company's ($WFC) current $83.65 share price.
Wells Fargo's stock recently traded at $83.65, which is 9.1% below RBC's new target.
The bank has a trailing twelve-month revenue of $83.0 billion and a net margin of 27.2%.

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RBC Capital has reiterated its Outperform rating on Wells Fargo & Company (NYSE: WFC) with a new price target of $92.0 on October 14, 2026. This target is a reduction from the previous target of $100.0. The stock recently traded at $83.65 as of October 16, 2026, which is 9.1% below the new price target.

Other Institutional Activity in Wells Fargo

Several other funds have also adjusted their positions in Wells Fargo. Blackrock Inc. trimmed its holdings by 10,197,212 shares, ending with 250,601,039 shares worth about $21.0 billion. Vanguard Capital Management LLC reduced its stake by 863,278 shares, bringing its total to 199,899,163 shares valued at approximately $16.8 billion. FMR, LLC cut its position by 9,135,532 shares, resulting in 152,555,290 shares worth about $12.8 billion. Conversely, State Street Corporation added 487,801 shares, increasing its total to 135,987,935 shares valued at around $11.4 billion. JPMorgan Chase & Co. decreased its holdings by 14,975,982 shares, now holding 114,238,700 shares worth about $9.6 billion.

Wells Fargo & Company Stock Down 2.9%

Wells Fargo's stock is currently trading below its analyst price target. The shares closed at $83.65 on October 16, 2026, which is significantly lower than RBC Capital's target of $92.0. This price point suggests that the stock may have room for growth if it can align closer to analysts' expectations.

12-month forecast

$WFC price target

Wells Fargo & Company daily closes and this analyst's $92 target. Not advice.

Recent Earnings

Wells Fargo reported a trailing twelve-month revenue of approximately $83.0 billion, with a net margin of 27.2%. Its return on equity stands at 12.6%. The bank's revenue growth year-over-year is 9.5%.

Insider Buying and Selling at Wells Fargo & Company

Recent insider selling at Wells Fargo includes Bridget E. Engle, an officer, who sold 30,000 shares at an average price of $87.10 on February 26, 2026, totaling approximately $2.6 million. General Counsel Ellen Reilly Patterson sold 60,000 shares at an average price of $87.40 on the same day, amounting to about $5.2 million.

Analysts Set New Price Targets

On October 14, 2026, Citigroup maintained a Neutral rating with a price target of $88.0, down from $90.0. Keefe, Bruyette & Woods also maintained a Market Perform rating, lowering its target from $94.0 to $90.0. Morgan Stanley kept an Overweight rating with a slight target cut from $102.0 to $101.0. RBC Capital's new target of $92.0 is now in line with the broader Wall Street sentiment.

About Wells Fargo

Wells Fargo & Company operates in the financial services sector, offering a variety of banking and investment services. It serves customers in the U.S. and internationally through four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The bank is headquartered in San Francisco, CA, and employs over 197,000 people.

Bottom Line

Investors should keep an eye on Wells Fargo as it approaches its next earnings report, with the stock trading below the price targets set by analysts. RBC Capital's reiteration of its Outperform rating suggests confidence in the bank's potential for growth despite the recent price adjustments.