Wells Fargo (WFC) Soars 3.17% Ahead of Earnings

On April 8, 2025, Wells Fargo's stock rose by 3.17% in pre-market trading, indicating a positive start to the day for the financial giant.

Wells Fargo is set to release its quarterly earnings report on April 11, 2025, alongside other major banks such as JPMorgan Chase and Morgan Stanley. This earnings season is crucial as it comes at a time when the S&P 500 index is poised to record its worst quarterly performance since 2022. Investors are hoping for strong financial results to reignite market momentum, especially given the recent impact of trade tensions on various industries.

Analysts have shown optimism towards Wells Fargo, with Piper Sandler upgrading the stock to 'Overweight' and setting a target price of $77. Additionally, Morgan Stanley has raised its target price for Wells Fargo to $80, reflecting a positive outlook on the bank's future performance. These upgrades come as Wells Fargo continues to navigate through strategic adjustments following past challenges, aiming to regain investor confidence.