# What will Wells Fargo say during their next earnings call?

On Apr 14, 2026

Updated: April 14, 2026

Category: Mentions

Tags: Earnings

HTML: /markets/mentions/earnings/what-will-wells-fargo-say-during-their-next-earnings-call/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect Consecutive, with no compelling evidence of mispricing.

## Key Claims (January 2026)

**- - Credit quality and loan delinquencies pose primary concerns for Wells Fargo.** - Competitors extensively discussed AI and inflation during Q4 2025 calls.
- CEO Charlie Scharf consistently emphasizes key strategic priorities in his remarks.
- The **market** **probability** for this event dropped significantly in recent days.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Market** at 29c is 14.2pp above the **14.8%** **model**, possibly reflecting Q1 credit quality concerns.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Oil | 59.0% | 47.6% | Oil prices significantly impact the bank's energy loan portfolio and economic forecasts. |
| Tariff | 34.0% | 14.3% | Trade tariffs influence global supply chains, business investment, and economic sentiment. |
| Iran | 17.0% | 5.2% | Geopolitical tensions involving Iran can impact oil markets and overall economic stability. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Oil | 59.0% | 47.6% |
| Tariff | 34.0% | 14.3% |
| Iran | 17.0% | 5.2% |
| Recession | 29.0% | 14.8% |
| Basel 3 | 81.0% | 65.0% |
| Middle Market | 90.0% | 86.8% |
| Buyback | 51.0% | 38.5% |
| Private Equity | 60.0% | 48.8% |
| AI / Artificial Intelligence | 63.0% | 52.4% |
| Severance | 70.0% | 61.0% |
| Delinquency | 66.0% | 59.0% |
| Headwind | 54.0% | 41.8% |
| Inflation | 82.0% | 76.3% |
| Consecutive | 92.0% | 89.4% |

- Expiration: September 30, 2026

## Market Behavior & Price Dynamics

This prediction market has exhibited an overall upward trend from its starting price of 11.0%, but is defined by extreme volatility and a recent bearish downturn. The price reached a high of 80.0% before settling to its current probability of 26.0%. The most significant price action occurred in early April, beginning with an 11.0 percentage point spike on April 3rd. This was followed by a much larger 23.0 point spike on April 9th, which brought the probability to 46.0%. However, this upward momentum reversed sharply with a 9.0 point drop on April 13th. The provided context does not contain any specific news or events that would explain these rapid and significant shifts in price.

The market has established several key price levels. There appears to be a support floor at the 11.0% starting price. The peak of 80.0% has acted as a clear resistance level that was sharply rejected. More recently, the price has fluctuated within a range of approximately 23.0% to 46.0%. The total traded volume of 3,101 contracts over the market's life suggests moderate interest. However, the sample data indicates that recent price changes, including the move to the current 26.0% level, have occurred on very low volume. This pattern suggests that recent price movements may not reflect broad market conviction and could be influenced by a small number of trades.

Currently, market sentiment appears uncertain but leans bearish. The price of 26.0% implies that traders assign a relatively low probability to a "YES" resolution. The dramatic spikes and subsequent drops indicate rapidly shifting sentiment and a lack of consensus among participants. The recent downward trend from a high of 46.0% to the current 26.0% shows that bearish sentiment has been dominant in the days leading up to the resolution.

## Significant Price Movements

### Outcome: AI / Artificial Intelligence

#### 📉 April 14, 2026: 13.0pp drop

Price decreased from 74.0% to 61.0%

**What happened:** No supporting research available for this anomaly.

### Outcome: Recession

#### 📉 April 13, 2026: 9.0pp drop

Price decreased from 41.0% to 32.0%

**What happened:** No supporting research available for this anomaly.

#### 📈 April 09, 2026: 23.0pp spike

Price increased from 23.0% to 46.0%

**What happened:** No supporting research available for this anomaly.

### Outcome: Severance

#### 📉 April 11, 2026: 8.0pp drop

Price decreased from 78.0% to 70.0%

**What happened:** No supporting research available for this anomaly.

#### 📈 April 10, 2026: 12.0pp spike

Price increased from 66.0% to 78.0%

**What happened:** No supporting research available for this anomaly.

## Contract Snapshot

This market resolves to "Yes" if "Consecutive," or its plural or possessive form, is spoken by any Wells Fargo & Company representative (including the operator) during their next earnings call, including the Q&A. A "No" resolution occurs if the word is not mentioned.

The market opened on April 2, 2026, at 8:00 pm EDT, and will close early if the event occurs, otherwise by September 30, 2026, at 10:00 am EDT, with payout projected 30 minutes after closing. Resolution is primarily based on video of the earnings call, with transcripts used if a consensus cannot be reached, and grammatical/tense inflections are not included.

## Market Discussion

Limited public discussion available for this market.

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| AI / Artificial Intelligence | 60% | 63% | 63% | $1,545 | $1,406.9 |
| Basel 3 | 81% | 82% | 81% | $2,475.01 | $2,221.1 |
| Buyback | 49% | 51% | 51% | $1,773.02 | $1,411.61 |
| Consecutive | 92% | 93% | 92% | $668.68 | $662.68 |
| Delinquency | 65% | 71% | 66% | $1,224.56 | $856.79 |
| Headwind | 53% | 54% | 54% | $1,063.09 | $669.12 |
| Inflation | 82% | 83% | 82% | $784.75 | $751.75 |
| Iran | 16% | 19% | 17% | $3,742.68 | $2,911.16 |
| Middle Market | 90% | 92% | 90% | $1,823.23 | $1,561.4 |
| Oil | 50% | 53% | 59% | $5,699.21 | $5,271.85 |
| Private Equity | 60% | 61% | 60% | $1,568.72 | $1,253.95 |
| Recession | 23% | 29% | 29% | $3,273.47 | $2,342.95 |
| Severance | 64% | 67% | 70% | $1,480.17 | $1,167.17 |
| Tariff | 34% | 35% | 34% | $5,588.18 | $4,031.64 |

## What Are Key Risk Factors for Wells Fargo's Q1 2026 Earnings?

Primary Risk Factor for WFC Q1 2026 | Credit Quality (Delinquency) [[^]](https://www.barchart.com/story/news/936496/wells-fargo-s-q1-2026-earnings-what-to-expect) |
Additional Factors to Monitor | Net interest income (NII) trends and expenses [[^]](https://www.barchart.com/story/news/936496/wells-fargo-s-q1-2026-earnings-what-to-expect) |
Analyst Outlook for Banks (April 2026) | Strong earnings growth amid deregulation (Mike Mayo, April 9, 2026) [[^]](https://www.cnbc.com/video/2026/04/09/banks-have-three-years-ahead-of-strong-earnings-growth-amid-deregulation-wells-fargos-mike-mayo.html) |

**Credit quality and potential loan delinquencies are primary concerns for Wells Fargo**

Credit quality and potential loan delinquencies are primary concerns for Wells Fargo. For WFC's Q1 2026 earnings, credit quality is the most frequently identified key question or risk factor in pre-earnings research notes. This emphasis is directly linked to concerns over potential loan delinquencies. Its prominence in recent discussions for Q1 2026 indicates it remains a significant area of focus, building on earlier discussions from January 2026 [[^]](https://www.barchart.com/story/news/936496/wells-fargo-s-q1-2026-earnings-what-to-expect).

Net interest income and expenses are also critical for WFC's upcoming earnings. Alongside credit quality, net interest income (NII) trends and expenses are explicitly identified as crucial factors to monitor for Q1 2026 earnings [[^]](https://www.barchart.com/story/news/936496/wells-fargo-s-q1-2026-earnings-what-to-expect). While broader **market** terms such as 'Recession' are mentioned in the context of a general 'Wall of Worry' affecting the banking sector, they are not highlighted as primary, direct risk factors specifically for WFC in recent analyst commentary [[^]](https://www.barrons.com/articles/bank-stocks-earnings-jpmorgan-goldman-sachs-36bade27). Furthermore, 'Buyback' is not noted as a key question or risk factor in the available research. Despite a positive broader outlook from analyst Mike Mayo, who predicted 'strong earnings growth amid deregulation' for banks on April 9, 2026 [[^]](https://www.cnbc.com/video/2026/04/09/banks-have-three-years-ahead-of-strong-earnings-growth-amid-deregulation-wells-fargos-mike-mayo.html), the specific focus for WFC's upcoming earnings revolves predominantly around its credit quality and the implications for potential delinquency rates, according to pre-earnings research.

## What Key Themes Did Competitors Discuss in Q4 2025 Earnings Calls?

AI Mentions | 46 total mentions (JPMorgan Chase [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), Bank of America [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), Citigroup [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/)) |
Inflation Mentions | 41 total mentions (JPMorgan Chase [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), Bank of America [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), Citigroup [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/)) |
Middle Market Mentions | 25 total mentions (JPMorgan Chase [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), Bank of America [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), Citigroup [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/)) |

**"AI" and "Inflation" were key themes in recent earnings calls**

"AI" and "Inflation" were key themes in recent earnings calls. An analysis of Q4 2025 earnings call transcripts for JPMorgan Chase, Bank of America, and Citigroup revealed "AI" as the most frequently discussed term among selected macroeconomic and strategic topics, totaling 46 mentions. JPMorgan Chase referenced "AI" 19 times [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), Bank of America 14 times [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), and Citigroup 13 times [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/). Following closely, "Inflation" was discussed 41 times across the three transcripts, with 18 mentions by JPMorgan Chase [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), 13 by Bank of America [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), and 10 by Citigroup [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/).

"Middle **Market**" remains a strategically important segment for competitors. While receiving fewer mentions than "AI" or "Inflation," "Middle **Market**" was discussed 25 times combined, with 8 mentions by JPMorgan Chase [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/j-p-morgan-chase-jpm-q4-2025-earnings-call-transcript/), 11 by Bank of America [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), and 6 by Citigroup [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/citigroup-c-q4-2025-earnings-call-transcript/). These discussions collectively establish a clear narrative for the banking sector, highlighting a strong industry focus on technological innovation and efficiency gains through AI, alongside persistent concerns about economic conditions, interest rate environments, and their impact on consumer spending and loan portfolios due to inflation. The strategic importance of the middle **market** client segment for growth and diversified revenue streams, particularly evident in Bank of America's references [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/bofa-bac-q4-2025-earnings-call-transcript/?referring_guid=5a7b153e-26b0-454c-a07c-fad6437c1bd0), further shapes this narrative. Consequently, Wells Fargo's upcoming earnings call statements regarding its own AI initiatives, outlook on inflation, and performance or strategy in the middle **market** will be crucial to align with or differentiate from these prevailing industry themes.

## What Did Wells Fargo's Recent Filings Show on AI Jobs and Delinquency Risk?

AI Job Postings Trend | Not available in provided sources (research summary) [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex991xrelea.htm) |
New Delinquency Risk Factors | Not indicated in 8-K filing (February 13, 2026 [[^]](https://www.sec.gov/Archives/edgar/data/72971/000183988226009703/wfc-8k_021326.htm)) |
8-K Filing Content | Reports material events, does not introduce new risk factor language (research summary) [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex991xrelea.htm) |

**Wells Fargo's AI job posting trends could not be determined from the available research**

Wells Fargo's AI job posting trends could not be determined from the available research. Information on roles containing 'AI' or 'Artificial Intelligence' was not present in the provided SEC filings, which included an earnings release and 8-K filings [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex991xrelea.htm), [[^]](https://www.sec.gov/Archives/edgar/data/72971/000183988226009703/wfc-8k_021326.htm), [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/ex993-wellsfargo4q25pres.htm). Therefore, it is not possible to ascertain any significant quarter-over-quarter increase in such positions based on the materials reviewed.

No new delinquency risk factors were introduced in the 8-K filing. Specifically, the wfc-8k_021326.htm, filed on February 13, 2026, [[^]](https://www.sec.gov/Archives/edgar/data/72971/000183988226009703/wfc-8k_021326.htm), did not indicate the introduction of new formal risk factor language related to 'Delinquency' or consumer credit health. While accompanying materials like the 4Q25 earnings release [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex991xrelea.htm) and investor presentation [[^]](https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/ex993-wellsfargo4q25pres.htm) often include discussions on consumer credit health and delinquency trends, the 8-K filing itself contained no such additions to its risk factors.

## Can Wells Fargo April 2026 Options Signal Downside or Upside?

Current WFC Put/Call Ratios | Available (Barchart.com) [[^]](https://www.barchart.com/stocks/quotes/WFC/put-call-ratios) |
WFC 30-Day Implied Volatility Ratio | Available (Alphaquery.com) [[^]](https://www.alphaquery.com/stock/WFC/volatility-option-statistics/30-day/put-call-iv-ratio) |
WFC 2026 Options Chains | Listed (Marketbeat.com) [[^]](https://www.marketbeat.com/stocks/NYSE/WFC/options/) |

**Specific options market data for WFC's April 2026 earnings is unavailable**

Specific options **market** data for WFC's April 2026 earnings is unavailable. The provided research sources do not contain the necessary implied volatility skew or put/call ratios for weekly contracts expiring just after Wells Fargo's (WFC) April 14, 2026 earnings release. This absence of specific data, along with direct comparisons to historical pre-earnings skew averages, makes it impossible to determine from these sources whether current pricing indicates outsized downside risk or upside surprise for that future event [[^]](https://www.barchart.com/stocks/quotes/WFC/put-call-ratios).

General options data exists, but specific weekly contract details are missing. While broad option **market** data is available, the precise details regarding implied volatility skew and put/call ratios for weekly contracts immediately following WFC's April 2026 earnings are not explicitly present. For instance, Barchart.com offers current put/call ratios [[^]](https://www.barchart.com/stocks/quotes/WFC/put-call-ratios), Alphaquery.com provides the 30-day put-call implied volatility ratio and 10-day mean implied volatility [[^]](https://www.alphaquery.com/stock/WFC/volatility-option-statistics/30-day/put-call-iv-ratio), and Marketbeat.com lists WFC options chains for 2026 [[^]](https://www.marketbeat.com/stocks/NYSE/WFC/options/). However, these sources do not provide the specific data points required for the detailed analysis of the implied volatility surface.

Analysis of downside or upside risk is currently impossible. Without direct access to the precise data points for the April 2026 weekly contracts and a thorough analysis of their implied volatility surface, a comparative analysis to historical skew averages for that particular future event cannot be performed. This lack of granular data prevents an assessment of whether the options **market** is currently pricing in outsized downside risks, such as those related to delinquency or recession fears, or potential upside surprises like a buyback announcement.

## What Topics Does Charlie Scharf Proactively Discuss in Earnings Calls?

Proactive Topics | Expenses, efficiency, capital returns, risk and control, technology investments, overall credit quality [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/) |
Reactive Topics (Q&A) | Delinquency, charge-offs, detailed credit trends for specific portfolios [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/) |
Proactive Topic Goals | Improve profitability, shareholder value, long-term stability, competitive positioning [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/) |

**CEO Charlie Scharf proactively highlights key strategic priorities in prepared remarks**

CEO Charlie Scharf proactively highlights key strategic priorities in prepared remarks. His consistent messaging during earnings calls emphasizes managing expenses and improving efficiency, alongside discussions regarding capital allocation and returns to shareholders [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/). He also underscores the foundational importance of the ongoing risk and control transformation for the bank's future, frequently mentioning investments in technology and digital capabilities [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/). While touching upon the economic backdrop and general credit quality, these aspects are presented at a high level, focusing on overall trends rather than granular specifics [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/).

Specific credit metrics are primarily addressed during analyst Q&A sessions. Terms such as 'delinquency' and 'charge-offs,' along with detailed breakdowns of credit quality by loan portfolio, appear almost exclusively during these reactive inquiry periods [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/). Analysts typically introduce these detailed metrics through direct queries, prompting Scharf or the CFO to provide specific data points and explanations [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/). This pattern indicates a management preference to present a broader, more positive narrative on credit quality proactively, while reserving granular credit details for direct questions from **market** participants [[^]](https://www.fool.com/earnings/call-transcripts/2026/01/15/wells-fargo-wfc-q4-2025-earnings-call-transcript/).

## What Could Change the Odds

**Key takeaway.** Catalyst analysis unavailable.

## Key Dates & Catalysts

- **Expiration:** September 30, 2026
- **Closes:** September 30, 2026

## Decision-Flipping Events

- Catalyst analysis unavailable.

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## Historical Resolutions

No historical resolution data available for this series.

## Disclaimer

This content is for informational and educational purposes only and does not constitute financial, investment, legal, or trading advice.
Prediction markets involve risk of loss. Past performance does not guarantee future results.
We are not affiliated with Kalshi or any prediction market platform. Market data may be delayed or incomplete.

### Data Sources & Model Transparency

**Data Sources:** Octagon Deep Research aggregates information from multiple sources including news, filings, and market data.

**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.