Key Financial Highlights
• Net income rose 6% to $5.95 billion
• Revenue grew 2% to $21.87 billion
• EPS jumped 13% to $1.87
• Net interest income increased 5% to $12.52 billion
What’s Driving Growth?
• Consumer Banking: Net income surged 21% to $2.76 billion
• Wealth Management: Revenue climbed 12% to $4.10 billion
• Commercial Banking: Revenue grew 6% as loans and deposits expanded
What Should Investors Watch?
• Investment banking gains were offset by weaker fixed-income trading
• Credit loss provisions increased in commercial banking
• The CET1 capital ratio fell to 10% from 11% a year ago
THE BIG PICTURE
Wells Fargo is growing its profits while keeping expenses under control. But rising credit provisions and a lower capital ratio are worth watching as lending expands.
To read more, click: Wells Fargo Earnings Q3 2026: Net Income Up 6%