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Wells Fargo stock price swings nearly 5% as WFC traders eye jobs report, CPI and CFO talk
10 February 2026
1 min read

Wells Fargo stock price swings nearly 5% as WFC traders eye jobs report, CPI and CFO talk

New York, Feb 9, 2026, 18:28 EST — Post-close trading.

  • Wells Fargo shares edged up roughly 0.7% in after-hours trading, having swung through a broad intraday range earlier.
  • Next up: Wednesday’s delayed U.S. jobs report, then CPI on Friday—both key for the rate outlook.
  • Wells Fargo CFO Mike Santomassimo is slated to appear Tuesday at the UBS Financial Services Conference.

Wells Fargo & Company stock ended after-hours up 0.7% at $94.61 on Monday. The shares swung from $90.75 to $95.09 during the session.

WFC’s direction could hinge on Washington developments rather than any updates from the bank itself. Data eyed by investors: January’s nonfarm payrolls, postponed until Wednesday because of a partial government shutdown, and CPI for the same month coming Friday. Right now, CME Group’s FedWatch tool shows traders betting on the first Fed rate cut happening in June.

Stocks edged up at the close, as the S&P 500 added 0.47% and the Dow Jones Industrial Average managed a gain of just 0.04%.

Big U.S. banks showed a mixed picture late Monday. JPMorgan Chase dipped around 0.1%, Bank of America edged down 0.3%. Citigroup moved the other way, climbing about 0.9%.

Insider activity at the company popped up in Monday’s Form 4 disclosures. Executives Saul Van Beurden, Barry Sommers and Ling Bei reported new shares from vested restricted stock units, and some were withheld at $93.14 each for taxes. Senior officers have to file Form 4s to record any changes in their beneficial ownership.

Investors have their eyes on an upcoming conference slot: Wells Fargo’s CFO, Mike Santomassimo, is set to speak at the UBS Financial Services Conference, scheduled for Tuesday at 8:50 a.m. ET. The bank marks the appearance as its next event on the investor calendar.

Wells Fargo in January projected net interest income to reach roughly $50 billion by 2026. That figure reflects the profit the bank makes on loans after subtracting what it pays out on deposits. “Beyond this issue, there is still a lot of good news as costs are under control and loan quality remains high,” said Brian Mulberry, senior client portfolio manager at Zacks Investment Management, at the time. Reuters

Bank stocks often swing sharply on the very numbers investors are watching. If CPI comes in higher, expectations for rate cuts could slide further back and muddy the outlook for mortgage and fee income. On the flip side, signs of softer job growth would put credit loss risks for later in the year back in focus.

Santomassimo takes the stage Tuesday. Payrolls, pushed back, arrive Wednesday. Friday, it’s CPI.

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