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Wells Fargo rallied in 2025. Gains in 2026 will be harder to come by, says Baird
Analyst David George downgraded the bank.
14 words~1 min read
Analyst David George downgraded the bank.
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We think that Wednesday's drop in shares of Wells Fargo is more reflective of profit-taking than concerns about the year ahead.

The bank paired better-than-expected results with a more optimistic profit outlook.

Private credit risks, mass AI adoption and the U.S.-Iran war have all weighed on banks in 2026.

'Lean into the recovery,' wrote Darrell Cronk, president of the Wells Fargo Investment Institute.

The Federal Reserve lifted its total asset restrictions on Wells Fargo last June, allowing the bank to chase growth.

"Not a great quarter." That's how Jim Cramer on Tuesday summed up another lackluster quarter from Wells Fargo.