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Wells Fargo & Company WFC Consumer Banking and Lending — Income tax expense (benefit)

Other segment segments

Corporate and Investment Banking
$780M+34.0%
Commercial Banking
$397M+7.6%
Wealth And Investment Management
$178M+10.6%

Similar metrics at other companies

Medallion Financial logo
MFINConsumer Lending — Income Tax Expense Benefit
$3.82M-4.0%
Citizens Financial Group logo
CFGConsumer Banking — Income Tax
$131M+14.9%
Navient logo
NAVIConsumer Lending — Income Tax Expense Benefit
$11M-15.4%
Bank of America logo
BACConsumer Banking — Income Tax Expense (Benefit), Full Tax Equivalent Basis
$1.09B+10.4%
Bank of Hawaii logo
BOHConsumer Banking — Provision for Income Taxes
$10.92M+9.2%
C&F Financial logo
CFFIConsumer Finance — Income Tax Expense Benefit
-$27K-131%

Other financials

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$42.2B-78.2%
Total debt$207.31B-43.7%
Total equity$180.19B-0.5%
Total assets$2.28T+15.2%

Cash flow

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Operating cash flow$9.1B+183%

Valuation

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Market cap$265.03B-0.1%
Enterprise value$430.17B-2.4%
P/E11.7×-1.2×
P/S3.1×-0.2×

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×

Where this comes from

Reported directly by Wells Fargo & Company in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Wells Fargo & Company’s 8-K, filed July 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wells Fargo & Company's consumer banking and lending — income tax expense (benefit)?
Wells Fargo & Company (WFC) reported consumer banking and lending — income tax expense (benefit) of $767M in Q2 2026.
How has Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) changed year-over-year?
Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) increased by 23.5% year-over-year, from $621M to $767M.
What is the long-term trend for Wells Fargo & Company's consumer banking and lending — income tax expense (benefit)?
Over 4 years (2021 to 2025), Wells Fargo & Company's consumer banking and lending — income tax expense (benefit) has grown at a -2.0% compound annual growth rate (CAGR), from $2.85B to $2.63B.
What does consumer banking and lending — income tax expense (benefit) mean?
This represents the portion of the total corporate income tax expense allocated to the consumer banking and lending segment. It reflects the tax impact on the segment's earnings based on applicable statutory rates and tax adjustments.