Wells Fargo Q2 2026: EPS up 25.0% to $2.00, revenue up 8.6%
Wells Fargo beat the $1.7362 consensus EPS estimate by 15.2% with $2.00 of diluted earnings per share and $6.41 billion of net income, as revenue rose 8.6% to $22.62 billion. The quarter reads as broad-based: all four operating segments grew revenue, credit losses fell, and ROTCE reached 17.7%. What to watch is the funding side — net interest margin slipped to 2.43% and CET1 fell to 10.3%.
1 · Expected vs. Actual
Free preview below$2.00 per diluted share beat the $1.7362 consensus estimate by 15.2% and rose 25.0% from $1.60 a year ago. Net income of $6.41 billion was up 16.6% year over year, and the quarter included $132 million, or $0.04 per share, of discrete tax benefits. Even setting that benefit aside, the result still cleared the consensus estimate by a wide margin.
Revenue of $22.62 billion rose 8.6% from $20.82 billion a year ago and 5.5% from $21.45 billion in the first quarter. Noninterest income did the heavy lifting, up 13.0%, while net interest income rose 5.0%. That mix matters, because fee income is more cyclical than spread income.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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