Wells Fargo (WFC) is the outlier among July 2026 mega-cap banks on recent volatility: its two-year average earnings move (±7.1%) sits well above its decade mark (±4.9%). Below is its behaviour based on the last ~16 reports, as of July 2026.
WFC earnings at a glance
Wells Fargo’s decade average is about ±5.0%, but the last two years have run much hotter at ±7.1% — the strongest recent-regime shift in the July 14 bank group. The 95th-percentile tail is about ±8.3%, the widest among the five mega-cap banks in this cluster.
Does WFC beat its implied move?
The implied move is what options price in before the report. Wells Fargo’s implied move going in (±4.9% at the last close before the report, ±5.5% in early July) sits close to its long-run average (±4.9%) and below its hotter two-year pace (±7.1%) — weigh all three, not just the decade figure.
regimes
How WFC’s moves are distributed
The distribution has fattened recently: the decade picture is still mostly mid-single-digit moves, but the two-year average and 95th-percentile tail (±8.3%) show more dispersion than JPM or BAC.
Recent WFC earnings
Wells Fargo’s last reported peak move was about ±3.8% (undershooting a hotter recent regime). See the full bank cluster on the July 14 calendar.
IV rush and IV crush on WFC
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush). A heating recent regime makes the crush-vs-move trade-off more two-sided than on the steadiest banks.
What WFC’s earnings data means for options
These figures are a reference point, not a signal. Wells Fargo’s two-year average (±7.1%) matters as much as its decade mark (±4.9%) right now; compare the live implied move in the EarningsWatcher app.
- According to EarningsWatcher data, options price a ±5.0% move for WFC's October 14, 2026 earnings report (as of October 6, 2026).
- WFC has averaged a ±5.0% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- WFC's actual earnings move exceeded the options-implied move in 75% of those reports.
Frequently asked questions
How much does WFC move on earnings?
Over its last ~16 reports (as of July 2026), Wells Fargo's average earnings-day peak move was about plus or minus 4.9% over ten years, but the last two years have averaged about plus or minus 7.1%. The 95th-percentile move is about plus or minus 8.3%.
Does WFC usually beat its implied move?
It varies by quarter. Wells Fargo has run hotter than its decade average recently; see the full implied-vs-actual beat-rate history in the EarningsWatcher app.
What is WFC's implied move for earnings?
WFC reported July 14, 2026 (before the open); options priced plus or minus 4.9% at the last close before the report (plus or minus 5.5% in early July).
When did Wells Fargo (WFC) report earnings in July 2026?
Wells Fargo is scheduled for July 14, 2026, before the market open, with the other mega-cap banks.