Wells Fargo (WFC-PZ) reported preliminary third-quarter 2026 net income of $6.0 billion, or $1.87 per diluted share. Total revenue was $21.87 billion, up 2% from the third quarter of 2025 and down 3% from the prior quarter.
The company repurchased 28.6 million common shares for $2.5 billion during the quarter. Average loans and deposits each increased 11% from a year earlier.
- Net income was $5.951 billion, compared with $5.589 billion a year earlier.
- Diluted earnings per common share rose 13% year over year to $1.87.
- Net interest income increased 5% year over year to $12.517 billion.
- Noninterest expense declined 1% year over year to $13.743 billion.
- Provision for credit losses was $1.029 billion, compared with $681 million a year earlier.
- Consumer Banking and Lending revenue increased 5%, Commercial Banking revenue rose 6%, Corporate and Investment Banking revenue grew 3%, and Wealth and Investment Management revenue increased 12%.
