NEW YORK, December 29, 2025, 15:25 ET — Regular session
- Wells Fargo shares fell about 0.6% in afternoon trading, tracking a broader pullback in U.S. bank stocks.
- Treasury yields edged lower as traders positioned for the final sessions of 2025 and watched for Fed signals on rates.
- New York Fed data showed a jump in use of the Fed’s standing repo facility, keeping attention on year-end funding conditions.
Wells Fargo & Company shares were down 0.6% at $94.66 on Monday afternoon, giving back ground after an early rise and underperforming their intraday high.
The move matters because banks remain tightly linked to the interest-rate outlook heading into year-end. Even modest swings in yields can change expectations for what lenders earn on loans versus what they pay for deposits.
Trading conditions are also thin in the final week of the year, which can exaggerate sector moves. That has left investors watching rates and liquidity gauges as closely as company headlines.
The slide in Wells Fargo came with broader weakness across financials. JPMorgan Chase fell 1.0%, Bank of America dropped 1.4% and Citigroup lost 1.7%, while the SPDR S&P Bank ETF was down 0.6% and the Financial Select Sector SPDR Fund slipped 0.4%; the SPDR S&P 500 ETF eased 0.3%.
Treasury yields edged lower as traders adjusted bets on where Federal Reserve rates settle in 2026, with Fed minutes also in focus this week. “It’s a very light trading week ahead; volume is low,” said Sam Stovall, chief investment strategist of CFRA Research in New York. Reuters
For banks, the yield curve matters because it shapes net interest margin — the spread between what a lender earns on loans and securities and what it pays on deposits and other funding. Lower long-term yields can pressure that spread, especially if short-term funding costs stay firm.
On the funding side, New York Fed data showed banks and other eligible firms borrowed $25.95 billion on Monday through the Fed’s standing repo facility, an overnight cash backstop that lends against Treasury or mortgage-backed securities. The Fed lends at 3.75%, the top of its 3.50%–3.75% policy-rate range, and usage often rises around quarter-ends when money markets can turn choppy.
Wells Fargo is still hovering near recent highs after a strong December run. Macrotrends data showed the stock’s 52-week high at $95.85, with an all-time high closing price of $95.30 on December 24.
Technically, traders were watching the $95 area after the stock opened at $95.39 and slipped to an intraday low near $94.36. A clean break below that low would put the focus on whether dip-buyers show up before the closing bell.
The next scheduled company catalyst is the bank’s fourth-quarter earnings report. Wells Fargo’s investor relations calendar lists January 14, 2026 as the release date.
When results arrive, investors typically focus on net interest income trends, credit-loss provisions, expense discipline and any shift in deposit pricing — a key driver of funding costs — alongside management’s tone on loan demand.
Until then, rate expectations and year-end liquidity remain the day-to-day drivers. Traders will be watching Treasury moves, Fed communication and funding-market indicators into the final trading sessions of 2025.
