Wells Fargo beats profit forecast but misses revenue estimates
Wells Fargo reported $21.87 billion in third-quarter 2026 revenue, up from $21.44 billion a year earlier but below the $22.31 billion market consensus.
Net income increased approximately 6.5% to $5.95 billion. Diluted EPS of $1.87 slightly exceeded LSEG's $1.85 estimate, while net interest income of $12.52 billion missed the $12.63 billion forecast.
| Metric | Actual | Consensus | YoY change |
|---|---|---|---|
| Revenue | $21.87B | $22.31B | +2% |
| EPS | $1.87 | $1.85 | — |
| Net income | $5.95B | — | +6.5% |
| Net interest income | $12.52B | $12.63B | +5% |
| Credit loss provisions | $1.03B | — | Year ago: $681M |
Credit loss provisions rose to $1.03 billion, compared with $681 million a year earlier. Management said consumer and business customers remained financially healthy, while shares declined approximately 1% in premarket trading.
Comments