Wells Fargo Q2 2026 Earnings: $2.00 EPS, 25% Growth, $3B Buyback, Dividend Hike Expected
WFC sits 22% above its 52-week low of $72.775.
Summary
Wells Fargo reported Q2 2026 EPS of $2.00, up 25% YoY, with revenue of $22.6B. The bank repurchased $3B in stock and expects to raise its dividend to $0.50. Credit quality remained strong, and full-year guidance was reaffirmed.
Key Events · Earnings and Guidance · WFC
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Q2 2026 Earnings Beat
Diluted EPS of $2.00, up 25% YoY, on net income of $6.4 billion. Revenue rose 9% to $22.6 billion, with net interest income up 5% and noninterest income up 13%.
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Strong Capital Return
Repurchased 37.4 million shares for $3.0 billion in Q2. Expects to increase Q3 dividend by 11% to $0.50 per share, subject to board approval.
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Credit Quality Improvement
Net loan charge-offs fell to 0.34% of average loans, down from 0.44% a year ago. Provision for credit losses was $914 million, with allowance for credit losses at $14.4 billion.
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Reaffirmed 2026 Guidance
Management expects full-year net interest income of +/- $50 billion and noninterest expense of ~$55.7 billion, unchanged from prior guidance.
Analysis · WFC · Finance
Wells Fargo delivered a strong quarter with diluted EPS of $2.00, beating the year-ago $1.60 by 25%. Revenue grew 9% to $22.6 billion, driven by broad-based strength across all operating segments. Net interest income rose 5% despite margin compression, while noninterest income surged 13% on higher investment banking fees and venture capital gains. Credit quality improved with net charge-offs declining to 0.34% of average loans. The company returned $3.0 billion to shareholders via buybacks and expects to raise the dividend 11% to $0.50 per share. Management reaffirmed full-year NII guidance of +/- $50 billion and expense guidance of ~$55.7 billion. The results underscore the bank's ability to grow earnings and return capital even as it navigates a changing rate environment.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WFC was trading at $88.98 on NYSE in the Finance sector, with a market capitalization of approximately $268.3B. The 52-week trading range was $72.78 to $97.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.