Wells Fargo is trading 3.25% down now at $86.80 after the Federal Reserve raised rates 25 basis points to 3.75%-4.00% on September 16, 2026, signaling another potential hike by December.
- Strong August retail sales and Treasury yields near 5% reinforced concerns about tighter financial conditions and slower economic growth, pressuring financial stocks and the broader market.
- The decline comes despite Wells Fargo’s September 15 indication that 2026 loan growth should exceed previous guidance, making macro and sector-wide pressure the clearer explanation.