US Stock Market Move | Wells Fargo & Company (WFC.US) fell over 6% as Q1 net interest income was below expectations.

On Tuesday, Wells Fargo & Company (WFC.US) fell more than 6%, closing at $80.79. The financial report showed that Wells Fargo & Company's revenue for the first quarter of 2026 was $21.45 billion, an increase of 6% compared to the same period last year, but lower than market expectations. Earnings per share were $1.60, slightly higher than market expectations. Net interest income increased by 5% year-on-year, reaching $12.1 billion, but lower than analysts' expectations of $12.3 billion. Wells Fargo & Company expects net interest income for 2026 to be $50 billion, while the market generally expects $50.45 billion.