Quarterly ResultJul 14, 2026, 06:31 AM
Wells Fargo Q2 Net Income $6.4B, EPS $2.00; Revenue Up 9%
AI Summary
Wells Fargo reported strong second quarter 2026 results with net income of $6.4 billion, a 17% increase year-over-year, and diluted earnings per share of $2.00, up 25%. Total revenue grew 9% to $22.6 billion, driven by broad-based growth across all operating segments, while noninterest expense increased by 2%. The company repurchased $3.0 billion of common stock and expects to increase its third-quarter common stock dividend by 11% to $0.50 per share.
Key Highlights
- Net Income $6.4B, up 17% YoY; Diluted EPS $2.00, up 25% YoY.
- Total Revenue $22.6B, up 9% YoY; Noninterest Expense $13.7B, up 2% YoY.
- Repurchased $3.0B of common stock (37.4M shares) in Q2 2026.
- Expected Q3 common stock dividend increase by 11% to $0.50 per share.
- Average loans $1.0T, up 12% YoY; Average deposits $1.5T, up 10% YoY.
- Corporate and Investment Banking revenue up 16% YoY.
- Wealth and Investment Management revenue up 13% YoY.
- Return on average tangible common equity (ROTCE) 17.7%, up from 15.2% YoY.
Price Impact
More from WFC