Wells Fargo Q3 2026 net income $6.0B, EPS $1.87 (+13% YoY); revenue $21.9B up 2%, CET1 10.0%

WELLS FARGO & COMPANY/MN

Net income $5,951M, diluted EPS $1.87 vs $1.66 a year ago; total revenue $21,870M rose 2% YoY but fell 3% from Q2's $22,622M.
Provision for credit losses jumped 51% YoY to $1,029M on higher C&I and auto allowances; net charge-offs 0.38% of average loans, NPAs $7,359M, down $585M QoQ.
Noninterest expense $13,743M, down 1% YoY with an 8% headcount reduction; net interest income $12,517M (+5%); ROTCE 16.3% vs 15.2%, ROE 13.8%.
Segment revenue: Wealth & Investment Management +12%, Commercial Banking +6%, Consumer Banking and Lending +5%, CIB +3%; M&A revenue +30%, equities +21%, FICC -7%.
Repurchased 28.6M shares for $2.5B in Q3; CET1 10.0% vs 11.0% a year ago; average loans and deposits both up 11%, to $1,033.4B and $1,482.9B.

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