- Wells Fargo (NYSE:WFC) reported Q3 2026 EPS of $1.87, surpassing analyst estimates of $1.85.
- Despite the EPS beat, revenue of $21.87 billion fell short of the $22.31 billion estimate.
- Wealth and Investment Management revenue grew 12% to $4.1 billion, and return on equity reached 13.8%.
Wells Fargo (NYSE:WFC) reports third-quarter 2026 results before the market opens on October 13. The bank provides loans, deposit accounts, and investment services. Its earnings per share, or profit divided by shares outstanding, reach $1.87, above the $1.85 analyst estimate.
The earnings beat comes even though revenue of $21.87 billion falls short of the $22.31 billion estimate. Revenue measures the money the bank brings in before expenses. As highlighted by Proactive Investors, earnings per share rise 13% from a year earlier, while net income increases 6% to $5.95 billion.
Wealth and Investment Management revenue grows 12% to $4.1 billion, as highlighted by Proactive Investors. Wells Fargo’s return on equity reaches 13.8%, above the 13.4% analysts expect. This measure shows how much profit the bank earns relative to shareholders’ investment.
Loan growth and interest income support the profit increase, as highlighted by Reuters. Interest income is money the bank earns from loans and other interest-paying assets. Wells Fargo has a trailing price-to-earnings ratio of 11.34, which compares its share price with earnings over the past 12 months.
