Quarterly ResultOct 13, 2026, 06:32 AM
Wells Fargo Q3 Net Income $5.95B, EPS $1.87; Revenue $21.87B
AI Summary
Wells Fargo & Company reported its third quarter 2026 financial results, with net income rising to $5.95 billion, or $1.87 per diluted share, a 13% increase year-over-year. Total revenue grew 2% to $21.87 billion. The company saw significant growth in average loans and deposits, both up 11% year-over-year. However, the provision for credit losses increased by 51% to $1.03 billion. Key business segments like Wealth and Investment Management and Corporate and Investment Banking showed revenue growth.
Key Highlights
- Wells Fargo reported Q3 2026 net income of $5.95 billion, or $1.87 per diluted share, up 13% YoY.
- Total revenue was $21.87 billion, up 2% YoY.
- Provision for credit losses increased 51% YoY to $1.03 billion.
- Average loans increased 11% YoY to $1.03 trillion.
- Average deposits increased 11% YoY to $1.48 trillion.
- CET1 ratio stood at 10.0%, down from 11.0% YoY.
- Wealth and Investment Management revenue grew 12% YoY.
- Corporate and Investment Banking revenue increased 3% YoY.
Price Impact
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