Wells Fargo & Co., US9497461015

Wells Fargo stock heads into the open after a 1.8 percent drop

Published on 09/17/2026 at 08:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

At the close on September 16, 2026, Wells Fargo stock fell 1.8 percent to USD 88.16. The move came after Reuters reported that major U.S. banks raised prime rates to 7 percent following the Federal Reserve's latest hike.

Moderne Bankfiliale mit Kundenberatung, Wells Fargo & Co., ISIN US9497461015
Wells Fargo & Co. (ISIN US9497461015) betreibt moderne Bankfilialen mit persönlicher Beratung im Privatkundengeschäft, Illustration mit AI erstellt.

Wells Fargo stock closed at USD 88.16 on the NYSE on September 16, 2026, down 1.8 percent. The move followed a broader drop in U.S. financial shares after the Federal Reserve raised rates by 25 basis points, a step that pushed major banks to lift prime lending rates to 7 percent from 6.75 percent, according to Reuters.

September 16, 2026 in numbers

Wells Fargo & Co. (ISIN US9497461015) traded between USD 87.38 and USD 90.48 and changed hands in 15.55 million shares, with the session close sitting below the day's midpoint. MarketWatch put the 52-week range at USD 72.78 to USD 97.76, while the Dow Jones Industrial Average finished at 51,461.90, down 1.21 percent, according to MarketWatch and Capital Futures.

September 17, 2026 outlook

Wells Fargo Bank, N.A. said on September 16, 2026 that it is increasing its prime rate to 7.00 percent from 6.75 percent, effective September 17, 2026, in a Business Wire release. The rate change is effective today and can shape trading in bank shares as the market digests the Federal Reserve's latest move.

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