Wells Fargo Q3 2026: EPS $1.87, Up 13% YoY; CET1 Slips to 10.0%
WFC sits 15% above its 52-week low of $72.775.
Summary
Wells Fargo reported Q3 2026 net income of $5.95B ($1.87 EPS), up 13% YoY, with 11% loan and deposit growth. CET1 ratio declined to 10.0%, and the company repurchased $2.5B in stock while raising its dividend.
Updates
· Benzinga — CFO said client trading activity slowed significantly in the final weeks of September, hurting quarterly results.
· Reuters — Q3 revenue missed the $22.30B consensus estimate; net interest income $12.52B slightly missed $12.63B; credit loss provision $1.03B; ROE 13.8%.
· Reuters — Q3 revenue was $21.87B, below the $22.3B estimate; net interest income $12.517B vs $12.628B estimate; investment banking revenue $611M; total markets revenue $1.835B.
Key Events · Earnings and Guidance · WFC
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Q3 EPS Up 13% YoY
Net income of $5.951B, or $1.87 per diluted share, up from $5.589B and $1.66 a year ago. Revenue rose 2% to $21.87B.
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Loan and Deposit Growth
Average loans grew 11% YoY to $1.033T and average deposits grew 11% to $1.483T, with net interest income up 5% to $12.517B.
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CET1 Ratio Declines
Common Equity Tier 1 ratio fell to 10.0% from 11.0% a year ago, partly due to higher interest rates reducing accumulated other comprehensive income.
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Capital Return
Repurchased $2.5B of common stock (28.6M shares) in Q3 2026 and raised the quarterly dividend to $0.50 per share from $0.45.
Analysis · WFC · Finance
Wells Fargo delivered a solid quarter with diluted EPS up 13% year-over-year to $1.87, driven by 11% growth in both average loans and deposits. Net interest income rose 5% despite a lower net interest margin, and the company repurchased $2.5 billion of stock while raising its dividend to $0.50 per share. The one soft spot is capital: CET1 fell to 10.0% from 11.0% a year ago, partly due to higher interest rates reducing accumulated other comprehensive income. Guidance was reaffirmed, with 4Q26 NII expected around $13 billion. This is a routine but important quarterly update for a $252B market-cap bank — the earnings beat and capital return are positive, but the declining CET1 ratio and a 51% jump in credit provisions bear watching.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.7% of the 1581 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WFC was trading at $83.91 on NYSE in the Finance sector, with a market capitalization of approximately $252B. The 52-week trading range was $72.78 to $97.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.