Dear Wells Fargo Stock Fans, Mark Your Calendars for October 13

The third-quarter earnings season is kicking off, and major investment banks are among the key names investors will be watching this month. Wells Fargo (WFC) is one of them, with the bank set to release its Q3 fiscal 2026 results before the market opens on Oct. 13. The setup, however, is far from ideal for bank stocks. Rising Treasury yields have recently weighed on financial companies, despite the fact that higher interest rates are generally viewed as positive for banks.

The problem is that a sharp rise in yields can hurt banks in several ways, from creating paper losses on available-for-sale bond portfolios to squeezing net interest margins as deposits climb. Higher yields can also weigh on credit demand and overall credit quality. Wells Fargo shares have already felt the pressure from this challenging backdrop. WFC stock has recently faced another headwind as the bank comes under a new federal investigation into its lending practices, adding to investor concerns and further denting its near-term performance.