New York, January 13, 2026, 14:36 EST — Regular session
- Wells Fargo shares dropped roughly 1.6% during afternoon trading, weighed down alongside other bank stocks.
- The lender will release its fourth-quarter results Wednesday before the bell and hold a call at 10 a.m. ET.
- Traders eye credit costs and margins closely as Washington policy uncertainty looms.
Wells Fargo & Company shares dipped 1.6% to $93.44 in Tuesday afternoon trading, sliding to an intraday low of $93.36. The stock lost $1.52 on the session, with roughly 11.4 million shares changing hands.
The decline arrives just a day ahead of the bank’s quarterly earnings, making Wells Fargo one of the last major U.S. lenders to report this week. The company is set to release its fourth-quarter 2025 results around 7:00 a.m. ET on Wednesday, followed by a conference call at 10:00 a.m. ET.
Policy risk is clouding the outlook. On Friday, President Donald Trump proposed a 10% cap on credit card interest rates for one year, starting January 20—well below current rates. The news hit bank stocks hard. UBS Global analysts noted, “It would take an Act of Congress,” while J.P. Morgan’s Vivek Juneja warned such a cap could “push consumers towards more expensive debt.” Reuters
The broader market dragged on U.S. indexes earlier, with financials feeling the pressure. Traders were juggling the credit-card news alongside new inflation figures and the initial round of bank earnings. All the while, bets on rate cuts later this year kept investors’ attention.
The Labor Department reported that the Consumer Price Index climbed 0.3% in December, keeping the annual headline inflation rate steady at 2.7%. Core CPI, excluding food and energy, increased 2.6% year over year.
Wells Fargo started Tuesday’s trading following a 1.03% drop on Monday, falling behind the slight rises seen in the Dow and S&P 500, MarketWatch data shows.
Options traders are bracing for a significant shift around the upcoming Wells Fargo report. The implied move stands near 4.6% for the week of the earnings release, translating to around $4.30 up or down from Tuesday’s price. This estimate comes from options set to expire on Jan. 16.
Regarding the numbers, a Zacks preview featured by Nasdaq set expectations at $1.66 per share in earnings and roughly $21.6 billion in revenue for the quarter.
Wells Fargo’s earnings drop in on Wednesday with Bank of America and Citigroup, creating a packed slate for U.S. banks’ margins, credit trends, and fee income.
Investors will zero in on net interest income — the gap between what banks earn from loans and pay on deposits — along with changes in deposit costs, loan growth, and credit loss provisions. Comments on credit cards will get extra scrutiny amid the ongoing rate-cap discussions.
The trade can shift quickly. If charge-offs spike more than expected, or the 2026 outlook proves cautious, the stock could take a hit—even with a solid quarter. Any signs that loan demand is fading might also weigh. Meanwhile, headline risk from Washington could keep volatility high across the sector.
Wednesday brings Wells Fargo’s earnings report around 7:00 a.m. ET, followed by the 10:00 a.m. ET call. Investors will zero in on updates about margins, credit conditions, and any commentary on how the ongoing card-rate cap debate might impact consumer lending.
