10:41 AM EDT, 10/15/2025 (MT Newswires) -- Wells Fargo ( WFC ) raising its medium-term return on tangible common equity guidance to 17% to 18% during Q3 earnings call was a "good" follow-up to assets cap elimination in Q2, Oppenheimer said in a Wednesday research report.

Fiscal Q3 operating trends, including reported EPS of $1.66, were slightly better than expected, driven by core revenue of $21.40 billion, according to the note.

"Our 2026 estimate goes up by about 3% due to this quarter's favorable trends. There was nothing not to like about the quarter, but for the time being, we prefer Bank of America (BAC) and Citigroup (C) on better valuation," analysts wrote.

The brokerage said it had a perform rating on the stock.

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