EL7.AI
StocksMediumUpdated•Originally published 16 April 2026•Updated 16 April 2026•
1 min read

Barclays Cuts Wells Fargo Price Target Following Q1 Earnings Miss

Key Facts

1Barclays analyst Jason Goldberg lowered Wells Fargo's price target to $108 from $113.
2The bank reported adjusted EPS of $1.56, missing the Zacks Consensus Estimate of $1.58.
3Net interest income came in at $12.10 billion, failing to meet the anticipated $12.30 billion.
4Wells Fargo shares fell nearly 6.70% in early trading following the announcement.

Three Wall Street firms, including Barclays, trimmed their price targets for Wells Fargo in a single day following the Q1 earnings release on April 14. Barclays analyst Jason Goldberg lowered his target to $108 from $113 after the bank reported adjusted EPS of $1.56, missing the $1.58 consensus. The results were pressured by net interest income of $12.10 billion, which fell short of estimates and triggered a 6.70% drop in share price. Beyond the immediate earnings miss, there are growing concerns regarding the sustainability of the bank's Return on Tangible Common Equity (ROTCE) recovery story. This coordinated downward revision highlights broader anxieties over banking margins in the current macro environment. Market participants remain cautious as the firm navigates significant hurdles to its traditional lending income.