Wells Fargo & CompanyWFC
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Q2 earnings beat on NII and fee income growth, with raised NII guidance.
Impact on stocks 1
Financials
Wells Fargo & CompanyWells Fargo Q2 Earnings Beat on NII and Fee Income Growth
Earnings
Wells Fargo reported second-quarter 2026 adjusted earnings per share of $1.96, surpassing the Zacks Consensus Estimate of $1.73 and up from $1.54 a year earlier. Total revenues rose 8.6% to $22.62 billion, driven by a 5.2% increase in net interest income to $12.32 billion and a 13.1% jump in non-interest income to $10.31 billion. The provision for credit losses fell 9.1% to $914 million, while average loans and deposits grew sequentially by 3.1% and 3.6% respectively. For 2026, the company expects net interest income of approximately $50 billion and non-interest expenses of around $55.7 billion. Shares have added about 1.6% since the report, underperforming the S&P 500.
Wells Fargo & CompanyQ2 earnings beat on NII and fee income growth, with raised NII guidance.