Released
FY2026 Q2
Earnings ReviewWFC
BEATWells Fargo
Wells Fargo · Financials/Banks
Tue, July 14, 2026·Before Market Open
Wells FargoWells FargoUS BanksQ2 EarningsEarnings
01Wall Street Consensus
EPS—
Revenue—
02Earnings Results
EPS$2.00+16.3%
Revenue$22.62BRevenue beat consensus
After-Hours Reaction-2.89%
Key Takeaways
- EPS $2.00 (beat consensus $1.72, YoY +25%)
- Revenue $22.62B (YoY +9%)
- Net income $6.4B (YoY +17%)
- NII ~$12.15B (+5%), FY guidance kept at ~$50B
- First full year after the asset-cap removal — average loans +12% YoY
- NCO ratio 34bp (-10bp) — improving credit
- Despite a clean beat, no NII raise sent shares -2.89% — a contrast to the JPM/BAC raises
Key Checkpoints
- 01IB fees (M&A, ECM, DCM)
- 02Trading revenue (Equities + FICC)
- 03NIM trend
- 04Provision movement
- 05Tier 1 capital ratio and buyback guidance
Upside Catalysts
- NIM and loan-demand changes after the June FOMC rate cut
- Whether Q1 2026 trading/IB momentum continues
- Expanded capital return after CCAR
- Large M&A deal closings
Risk Factors
- Commercial real estate credit losses
- Credit-card and consumer-loan delinquency
- Provision surge under macro slowdown
- Higher regulatory capital requirements
Detail
EEPS History (Last 2 Quarters)
Actual EPS vs Consensus — Green Beat · Red Miss
Beat1
Miss0
Beat rate100%
1Coverage Initiation Note
Wells Fargo (WFC), as of 2026-04-20, has asset-cap removal momentum and consumer-banking recovery. Q1 2026 earnings have already been released (4/14-16); this entry previews Q2 2026. Actual consensus figures will be updated once finalized in early June to July.
Detail
SEPS 서프라이즈 히스토리
Beat2Miss0Beat률 100%
분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출
컨센서스 대비 실제 EPS/매출 서프라이즈 (%)