Wells Fargo & Co. (WFC)

The company now

Wells Fargo reported third-quarter 2026 net income of $6.0 billion, or $1.87 per diluted share, on 13 October 2026 1. Revenue was $21.9 billion, up 2 percent, while noninterest expense fell 1 percent to $13.7 billion 2. Average loans and average deposits both grew 11 percent from a year earlier 1.

Chairman and chief executive Charlie Scharf credited broad growth: Wealth and Investment Management revenue rose 12 percent and auto loan originations 15 percent 1. Costs fell even as pay tied to revenue rose, helped by an 8 percent cut in headcount over the year 1. Return on tangible common equity, profit measured against shareholders' equity less goodwill and other intangibles, was 16.3 percent 1.

The open questions are credit and capital 12. The provision for credit losses, money set aside for loans that may go bad, rose to $1.0 billion from $681 million as commercial loan losses climbed 1. The common equity tier 1 ratio, the core capital cushion regulators watch, fell to 10.0 percent from 11.0 percent a year earlier, against a required 8.5 percent 2.

Scharf said higher interest rates, higher oil prices and persistent inflation create risks to the economy, while investment in AI infrastructure and high employment outweigh them for now 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.