Wells Fargo & Company Stock Earnings Reports

Wells Fargo reported solid Q1 2026 results with broad-based revenue growth: diluted EPS +15% YoY, revenue +6% YoY, loans +11% and deposits +7%. Net interest income rose 5% YoY and noninterest income increased 8% YoY. Management highlighted strength across segments—Consumer Banking & Lending and Commercial Banking revenue each +7%, Banking revenue in Corporate & Investment Bank +11%, Markets revenue +19%, and Wealth & Investment Management +14%—and noted strong client engagement (mobile users >33M, Fargo interactions >1B). Credit remained stable (net charge-off ratio ~45 bps), and nonperforming assets were stable. The company returned $5.4B to shareholders in the quarter (including $4B in buybacks) and ended with CET1 of 10.3% (within their 10–10.5% target). Management closed its final outstanding consent order (14 terminated since 2019) and emphasized a shift from remediation to accelerating organic growth, investing in technology (including AI), advertising and client coverage while maintaining expense discipline (2026 noninterest expense guide ~$55.7B). They expect continued margin pressure near-term from balance sheet mix (growth in Markets-related assets and interest-bearing deposits) and rate moves, but reaffirmed full-year net interest income guidance of ~$50B (+/-) and expressed confidence in reaching longer-term ROTCE targets (17–18%). Management estimated the recently proposed capital rules could reduce their risk-weighted assets by roughly 7%, which they view as constructive but said they will wait for final rules before changing capital targets.