Wells Fargo & Company Stock Earnings Reports

Wells Fargo reported broad‑based second quarter 2026 strength: diluted EPS was $2.00 (up 25% y/y), revenue grew 9% y/y with every operating segment showing higher net interest and noninterest income, and noninterest income rose 13% y/y (including significant venture capital gains). Net interest income increased 5% y/y, average loans were up 12% and average deposits up 10% y/y following removal of the asset cap. Expenses were well controlled (+2% y/y) with continued execution on efficiency initiatives (24th consecutive quarter of headcount declines) and an improved efficiency ratio (60%). Credit trends are strong (net loan charge‑offs declined to 34 bps) and capital remains solid (CET1 10.3%); the firm returned ~$9.8 billion to shareholders in H1 (including $7.0 billion buybacks) and expects to raise the common dividend. Management reiterated 2026 guidance of $50 billion (+/−) for net interest income and ~$55.7 billion for noninterest expense, expects modest NIM compression in 3Q before stabilizing in 4Q, and emphasized disciplined, client‑driven balance sheet growth (markets financing, card and auto expansion, adviser hiring, treasury/payments innovation) with the goal of achieving a sustainable RoTCE of 17%–18%.