Wells Fargo's CEO says rising prices and gas costs are hurting shoppers, and credit may get weaker soon.

Oct 14, 2026, 5:24 AM ETResultsRead the original at Benzinga

Neutral

Wells Fargo said credit is holding up, but expects it to weaken later. Profit per share was above estimates and sales were below them, leaving mixed signs for the company.

WFC · Wells Fargo & Co.

AI read · Neutral

The AI's read

Steady credit signs support Wells Fargo: missed-payment signs remain low, and customers used cards more. But the bank expects credit conditions to weaken at some point. Profit per share came in above analysts’ estimate, but sales were below theirs. These signs do not clearly point in one direction.

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