With a market cap of $260.2 billion, Wells Fargo & Company (WFC) is one of the largest financial services firms in the United States. Operating through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management, the company provides a broad range of financial solutions through 4,700+ retail branches, ATMs, digital platforms, and other global channels.

The San Francisco, California-based company is expected to release its fiscal Q2 2025 earnings results before the market opens on Tuesday, Jul. 15. Ahead of this event, analysts expect WFC to report an adjusted EPS of $1.41, up over 6% from $1.33 in the prior year's quarter. It has surpassed Wall Street's bottom-line estimates in the past four quarters. In Q1 2025, Wells Fargo exceeded the consensus adjusted EPS estimate by 3.3%.

For fiscal 2025, analysts forecast the biggest U.S. mortgage lender to post adjusted EPS of $5.72, reflecting a 3.6% increase from $5.52 in fiscal 2024. Looking ahead, adjusted EPS is projected to grow 17.1% year-over-year to $6.70 in fiscal 2026.

Shares of WFC have surged 40.3% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 12.1% gain and the Financial Select Sector SPDR Fund's (XLF) 26.3% return over the period. 

Despite Wells Fargo’s better-than-expected adjusted EPS of $1.27 for Q1 2025, shares fell marginally on Apr. 11 due to revenue of $20.2 billion, which missed analyst expectations and marked a 3.4% year-over-year decline. Investors were also concerned about a 6% drop in net interest income to $11.5 billion, which was weighed down by lower interest rates, deposit pricing pressures, and reduced loan balances.

However, the stock surged over 3% on Jun. 18 primarily due to reports that federal regulators may cut the enhanced supplementary leverage ratio (eSLR) by up to 1.5 percentage points, potentially freeing up capital for increased trading and lending activities. Additionally, Raymond James analyst David Long raised its price target to $84, citing the Fed's removal of the asset cap.

Analysts' consensus view on Wells Fargo’s stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 25 analysts covering the stock, 15 recommend "Strong Buy," two suggest "Moderate Buy," and eight indicate “Hold.” As of writing, WFC is trading below the average analyst price target of $81.64.