Morgan Stanley upgraded Wells Fargo to buy from hold on Monday, setting a $102 price target that implies 27% upside. The bank is scheduled to report third-quarter earnings next Tuesday. Wells Fargo shares are down roughly 12% this year, lagging major peers. The underperformance stems partly from margin pressures after the Federal Reserve lifted a $1.95 trillion asset cap in June 2025. Wells Fargo expanded rapidly using pricier wholesale funding, which hurt profitability. Morgan Stanley expects margins to improve as balance-sheet growth moderates and the bank shifts toward cheaper deposit funding. Investment banking also presents upside: Wells Fargo has hired 150 senior bankers over four years and doubled fee revenue since 2022, yet still lags peers. The firm forecasts return on tangible common equity will reach 18% by 2028.

NETSTREIT Corp. announced the closing of $550.0 million in additional financing commitments and amendments to its existing credit facilities agented by PNC Bank, National Association , Wells Fargo...

Workday has expanded its revolving credit facility from $1.0 billion to $1.5 billion under a new multi-bank agreement led by Wells Fargo. The facility, which entered into effect on 1 October 2026, replaces the company's previous credit agreement from April 2022. The new credit agreement runs until October 2031, with options for limited one-year extensions. It supports multi-currency borrowing in US dollars and approved foreign currencies, with no revolving loans outstanding as of the closing date. The facility features a maximum leverage ratio of 3.50 to 1.00, with flexibility up to 4.50 to 1.00 following certain qualified acquisitions. Interest and fee structures are tied to either Workday's consolidated leverage ratio or its senior unsecured debt ratings.