Wells Fargo Q2 2026 Earnings: $2.00 EPS, 25% Growth, $3B Buyback, Dividend Hike Expected

summarizeSummary

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.

check_boxKey Events · Earnings and Guidance · WFC

• 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%.

• 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.

• 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.

• Reaffirmed 2026 Guidance

  Management expects full-year net interest income of +/- $50 billion and noninterest expense of ~$55.7 billion, unchanged from prior guidance.

auto_awesomeAnalysis · 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.