Wells Fargo Surges to 61st in Trading Volume with 17.20 Billion Shares Exchanged

On April 3, 2025, Wells Fargo (WFC) saw a significant surge in trading volume, with a total of 17.20 billion shares exchanged, marking a 170.22% increase from the previous day. This substantial trading activity placed Wells Fargo at the 61st position in terms of trading volume for the day.

Analysts anticipate that Wells Fargo will report an earnings per share (EPS) of $5.84 for fiscal 2025, reflecting a 5.8% increase from the $5.52 reported in fiscal 2024. This growth is expected to continue, with EPS projected to rise by nearly 17% in the coming years.

JPMorgan has revised its price target for Wells Fargo, lowering it from $82 to $73.50 while maintaining a Neutral rating on the shares. This adjustment comes as part of their Q1 earnings preview, reflecting a cautious outlook on the company's performance.

BofA analyst Ebrahim Poonawala has also lowered the price target for Wells Fargo, reducing it from $85 to $83. Despite this reduction, Poonawala maintains a Buy rating on the shares, indicating a positive long-term view on the company's prospects.

Wells Fargo has updated its expected earnings release dates and conference call information for 2025, providing investors with the necessary details to plan accordingly. This update ensures transparency and helps investors stay informed about the company's financial performance.

Several U.S. banks, including Wells Fargo, may lower their profit estimates for the current earnings season due to weak consumer sentiment and underwhelming dealmaking activity. This shift in outlook marks a reversal from the post-election optimism that previously boosted market sentiment. Declining equity valuations and a muted recovery in M&A and IPOs are expected to pressure fee income, as tariffs and aggressive posturing erode consumer confidence and push businesses into a wait-and-see approach.

Investors are increasingly expecting at least a modest recession this year, making it crucial to be selective about bank stocks. The KBW regional banking index has fallen nearly 7% so far in 2025, while the benchmark S&P index is down 4.2%. Major U.S. banks, including Wells Fargo, are set to report their Q1 2025 results on April 11, with analysts closely monitoring loan growth, trading revenue, and policy risks.