Wells Fargo analysts lowered their 2026 global GDP forecast to 2.7%, pointing to higher oil prices, tighter financial conditions and rising policy uncertainty. They warned that global CPI could exceed 4.4% this year due to ongoing supply disruptions and market volatility, and expect active Middle East conflict to end by mid-2026 with slow energy production recovery.

The bank will release first quarter results before the market opens on April 14. Leading analysts have revised their forecasts upward, anticipating stronger net interest income driven by loan growth and improved fee revenue, as well as a boost from trading and capital markets activities.