Wells Fargo & Company (WFC) Q2 2026 (USD): EPS 2.00 (exp. 1.72), Revenue 22.6bln (exp. 21.87bln), NII 12.3bln (exp. 12.4bln), Net Income 6.41bln (exp. 5.33bln). Affirms FY guide.
Wells Fargo's Q2 2026 results showed strong operational beats and broad-based revenue growth, balancing a minor NII miss. An 11% dividend increase and affirmed guidance highlight management's capital confidence.
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Planning a dividend increase to USD 0.50/shr, +11%. Credit loss provision 914mln (prev. 1.005bn) "We saw broad-based revenue growth, with all of our operating segments generating strong revenue growth. In our consumer businesses, Consumer Banking and Lending revenue grew 6% and Wealth and Investment Management revenue increased 13% from a year ago. We also had strong growth in our commercial businesses with Commercial Banking revenue up 6% and Corporate and Investment Banking revenue increasing 16% from a year ago" Concerns around affordability and inflation exist, labour market and wage growth remain strong.
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