Wells Fargo Hits 17.7% ROTCE in Q2 2026

Earnings

โดย Zacks Investment Research·

Summary · why it matters

Wells Fargo's return on tangible common equity reached 17.7% in the second quarter of 2026, up from 15.2% a year earlier and 14.5% in the first quarter, bringing the bank within its 17% to 18% target range. The improvement follows the Federal Reserve's removal of its asset cap in June 2025 and the closure of the final outstanding consent order in early 2026, allowing the bank to expand deposits, loans, and securities holdings. Wells Fargo has also generated roughly $15 billion of gross expense savings from 2021 through 2025, while its branch count declined 1.3% year over year to 4,079 and headcount fell 7.2% to nearly 197,500 in the second quarter of 2026. The bank sold its rail lease portfolio to a joint venture of GATX Corporation and Brookfield Infrastructure Partners in January 2026 as part of a strategic exit from non-core businesses. Shares of Wells Fargo have gained 4% in the past year, and the Zacks Consensus Estimate for 2026 and 2027 earnings implies year-over-year rallies of 15.5% and 9.5%, respectively.