WFC · News · 20261019N

Loan and Deposit Growth

WELLS FARGO & COMPANY/MN · 2026-10-19 · Importance 40 · Surprise 42

Wells Fargo reported strong third-quarter loan growth, according to third-party coverage of its recent earnings. Improving net interest income was cited as evidence that the bank’s post-asset-cap growth strategy is gaining traction. Removal of the seven-year Federal Reserve asset cap now permits Wells Fargo to expand lending and pursue market-share growth. Across the four largest U.S. banks, lending grew nearly 10% year over year in the quarter, although the reported figure was not separately attributed to Wells Fargo.

Key facts

• Wells Fargo, together with JPMorgan Chase, Bank of America, and Citigroup, collectively set aside $7.6 billion in credit provisions during the quarter, down about 3% from a year earlier. source