Wells Fargo & CompanyWFC
▲ PositiveCapitalrelevance
Wells Fargo reported a 25% jump in EPS, strong revenue growth, and announced a dividend increase and share buybacks.
Impact on stocks 1
Financials
Wells Fargo & CompanyWells Fargo & Co reported a 25% increase in diluted earnings per share to $2 for the second quarter of 2026, with revenue growing 9% from a year ago. Net interest income rose 5% and noninterest income climbed 13%, while expenses increased 2%. The company returned over $9.8 billion to shareholders in the first half of the year, including $3 billion in common stock repurchases during the second quarter, and plans to raise its third-quarter common stock dividend by 11% pending board approval. Average loans were up 12% and average deposits up 10%, with consumer and commercial credit quality remaining strong as net loan charge-offs declined 10 basis points from a year ago. Headcount fell by 15,000 to 197,000, and return on tangible common equity improved to 17.7%.
Wells Fargo & CompanyWells Fargo reported a 25% jump in EPS, strong revenue growth, and announced a dividend increase and share buybacks.