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Wells Fargo & Company WFC Q2 2026 earnings

Reported July 14, 2026 · Before market open

Revenue$22.6BBeat by $761.0M
EPS$1.96Beat by $0.23
Revenue estimate$21.9B
EPS estimate$1.73
“We generated strong second quarter results with diluted earnings per share growing to $2.00, up 25% from a year ago. Revenue increased 9% from a year ago with net interest income up 5% and noninterest income up 13%. Continued expense discipline drove positive operating leverage. Total expenses were up 2% from a year ago and non-revenue related expenses were lower. Consumer and commercial credit quality remained strong across all portfolios and net loan charge-offs declined 10 basis points from a year ago. ROTCE increased from 15.2% a year ago to 17.7% in the second quarter and 16.1% in the first half of 2026. Our balance sheet continued to grow with average loans increasing 12% from a year ago, with higher balances in both our consumer and commercial businesses, and average deposits increasing 10%.”
Charlie Scharf

Next report

Oct 13, 2026 (In 1 week)
Revenue estimate$22.4B
EPS estimate$1.85

Financials

Q2 2026

Income statement

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Revenue$22.6B+8.6%
Net income$6.4B+16.6%
EPS (diluted)$2.00+25.0%

Balance sheet

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Cash & equivalents$201.46B+4.3%
Total debt$211.45B-42.6%
Total equity$180.19B-0.5%
Total assets$2.28T+15.2%

Cash flow

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Operating cash flow$6.8B+160%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$242.68B-5.9%
Enterprise value$252.66B-49.3%
P/E10.7×-1.5×
P/S2.8×-0.3×

Profitability

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Net margin26%+0.9pp

Returns & leverage

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Return on equity12.5%+1.0pp
Debt / equity1.2×-0.9×

Segments

By segment

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Consumer Banking and Lending$10.3B+11.5%
Corporate and Investment Banking$5.4B+16.1%
Wealth And Investment Management$3.9B-0.2%
Commercial Banking$3.1B+6.3%

By product

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Deposit Account$1.4B+8.6%
Investment banking fees$939.0M+34.9%
Commissions and brokerage services fees$687.0M+12.6%
Trailing commissions$243.0M+9.5%

FAQ

When did Wells Fargo & Company report Q2 2026 earnings?
Wells Fargo & Company (WFC) reported Q2 2026 earnings on July 14, 2026 before market open.
What were Wells Fargo & Company's Q2 2026 revenue and EPS?
Wells Fargo & Company reported revenue of $22.6B and eps of $1.96 for Q2 2026.
Did Wells Fargo & Company beat estimates in Q2 2026?
Revenue beat the consensus estimate of $21.9B by $761.0M. EPS beat the consensus estimate of $1.73 by $0.23.
How did Wells Fargo & Company's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.6% from $20.8B a year earlier and eps grew 27.3% from $1.54.
Where can I find Wells Fargo & Company's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000072971-26-000288) and the 10-Q periodic report (0000072971-26-000302) directly on SEC EDGAR. The filing index links above go to sec.gov.