WS Investor
14 Apr 2026, 21:23
Wells Fargo & Company reported first-quarter 2026 net income of $5.3 billion, or $1.60 per share, supported by broad-based business growth and strong credit performance.
Revenue rose 6% year-over-year, with loans up 11% and deposits up 7%, while earnings per share increased 15%. Growth was driven by both higher net interest income and noninterest income, alongside solid performance across consumer banking, commercial banking, investment banking, and wealth management.
The bank returned $4 billion to shareholders through buybacks and benefited from a $135 million tax-related gain. Management highlighted resilient economic conditions and strong customer financial health despite market volatility.
Revenue rose 6% year-over-year, with loans up 11% and deposits up 7%, while earnings per share increased 15%. Growth was driven by both higher net interest income and noninterest income, alongside solid performance across consumer banking, commercial banking, investment banking, and wealth management.
The bank returned $4 billion to shareholders through buybacks and benefited from a $135 million tax-related gain. Management highlighted resilient economic conditions and strong customer financial health despite market volatility.