WFC · News · 20261015N
Net Income and Profitability
WELLS FARGO & COMPANY/MN · 2026-10-15 · Importance 24 · Surprise 14 · From source text
Wells Fargo’s third-quarter net income increased 6% year over year to $5.951 billion from $5.589 billion. Earnings per share rose 13% to $1.87 from $1.66, exceeding the $1.85 consensus estimate. The earnings improvement occurred alongside strong loan growth, improved returns, and compressed net interest margin.
Key facts
- Wells Fargo is to pay part of a $4.4 million fine related to alleged commission overcharges, with the bank on the hook for the lion’s share of the fine levied by eight states. source
- Net income increased 6% to $5.951 billion from $5.589 billion a year earlier. source
- Earnings increased 13% from $1.66 per share a year earlier. source
- Wells Fargo reported earnings of $1.87 per share for the third quarter of 2026, beating the Wall Street consensus estimate of $1.85. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +1.1% | Net income increased 6% to $5.951 billion from $5.589 billion a year earlier. |
| net_income | negative | committed | — | Wells Fargo is to pay part of a $4.4 million fine related to alleged commission overcharges, with the bank on the hook for the lion’s… |