NEW YORK, Jan 3, 2026, 16:08 ET — Market closed
- Wells Fargo shares last closed up about 2.1% at $95.20, outperforming other major U.S. banks.
- Investors are shifting focus to next week’s U.S. jobs and inflation data for fresh clues on the Fed’s rate path. Reuters
- Wells Fargo is due to report fourth-quarter results on Jan. 14, setting the next major company catalyst. Wellsfargo
Wells Fargo & Company shares last closed Friday up about 2.1% at $95.20, outpacing JPMorgan Chase, Bank of America and Citigroup in the first trading session of 2026.
That early-year outperformance matters because bank stocks can move quickly when investors reprice the outlook for interest rates and growth. For Wells Fargo, the next batch of macro data and earnings headlines will shape expectations on margins and credit.
With U.S. markets shut for the weekend, the next direction test comes next week. The U.S. employment report is due Jan. 9, with economists polled by Reuters expecting payrolls to rise by 55,000 in December; CPI data and big-bank results follow, and Fed funds futures show little chance of a cut at the late-January meeting but nearly a 50% chance of a quarter-point reduction in March, Reuters reported. “The market is looking for direction,” said Matthew Maley, chief market strategist at Miller Tabak. Reuters
On Friday, the Dow finished up 0.66% and the S&P 500 added 0.19% while the Nasdaq slipped 0.03%, according to Reuters. U.S. Treasury yields also moved higher, with the 10-year yield up about 3.8 basis points — one-hundredth of a percentage point — to 4.191%. Reuters
That mix — steadier equities and rising yields — often supports lenders because higher long-term rates can widen the spread between what banks earn on loans and pay on deposits. The benefit is not automatic, since deposit costs can rise too, but rate moves are still a key input for how traders price the group into earnings.
Before the next session, investors will keep one eye on bond yields and another on the economic calendar. A stronger jobs report typically pushes yields higher and can lift rate-sensitive financial stocks, while a weak reading can revive expectations for faster Fed easing.
Wells Fargo’s next scheduled catalyst is its fourth-quarter earnings report on Jan. 14, according to the bank’s investor relations calendar. Wellsfargo
On that report, investors are expected to focus on net interest income — the difference between interest earned and interest paid — and management commentary on cost control. Traders will also look for any shift in credit quality, especially if consumer or commercial delinquencies show signs of rising.
The performance of Wells Fargo’s large-bank peers will set the tone for the group ahead of its own results. Investors often use early bank reports to gauge industry-wide trends in loan growth, deposit pricing and provisions for loan losses.
From a chart perspective, Friday’s intraday range leaves clear near-term reference points. The stock traded as low as about $92.81 and as high as roughly $95.34, putting the $92–$93 area in focus for support and the mid-$95s as the first resistance zone.
For now, Wells Fargo’s direction into Monday’s open is likely to track rate expectations more than any single company headline. Next week’s jobs and inflation readings, followed by the start of bank earnings, will set the next test for the stock.
