WFC · News · 20260825N
Net Income and Profitability
WELLS FARGO & COMPANY/MN · 2026-08-25 · Importance 17 · Surprise 24 · In source text
Wells Fargo reached a 17.7% return on tangible common equity (ROTCE) in the second quarter of 2026. The result exceeded the bank’s 17%-18% ROTCE target range. Reported drivers included removal of the Federal Reserve asset cap, expense discipline, and strategic divestitures.
Key facts
- Wells Fargo reported earnings per share (EPS) of $1.96 and revenue of $22.62 billion for the quarter. source
- Wells Fargo achieved a 17.7% Return on Tangible Common Equity (ROTCE) in Q2 2026, exceeding its 17-18% target. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | unclear | realized | — | Wells Fargo reported earnings per share (EPS) of $1.96 and revenue of $22.62 billion for the quarter. |
| net_income | unclear | realized | — | Wells Fargo reported earnings per share (EPS) of $1.96 and revenue of $22.62 billion for the quarter. |