Wells Fargo & Company (NYSE:WFC) Issues Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Wells Fargo beat earnings expectations: Third-quarter EPS was $1.87, topping the $1.85 consensus, while net income reached approximately $6.0 billion and EPS rose 13% year over year.
• Revenue growth was mixed: Revenue increased 2% year over year to $21.87 billion but missed estimates by $450 million; loan and deposit growth, higher net interest income, and broad-based gains across business segments supported results.
• Capital returns strengthened, but credit risks increased: Wells Fargo raised its quarterly dividend to $0.50 and repurchased $2.5 billion in shares, while provisions for credit losses rose to $1.03 billion from $681 million a year earlier.

Wells Fargo & Company (NYSE:WFC) posted its earnings results on Tuesday. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.02, FiscalAI reports. Wells Fargo & Company had a net margin of 17.55% and a return on equity of 13.85%. The firm had revenue of $21.87 billion during the quarter, compared to the consensus estimate of $22.31 billion.

Wells Fargo & Company Price Performance

NYSE:WFC opened at $83.11 on Tuesday. The firm has a market cap of $251.31 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.09. The company's 50-day moving average is $85.73 and its two-hundred day moving average is $83.24. Wells Fargo & Company has a 12-month low of $72.78 and a 12-month high of $97.76.

Wells Fargo & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Wells Fargo & Company's previous quarterly dividend of $0.45. Wells Fargo & Company's dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WFC. Bank of America lifted their target price on shares of Wells Fargo & Company from $95.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. The Goldman Sachs Group lowered their price target on shares of Wells Fargo & Company from $107.00 to $96.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Robert W. Baird raised their price objective on shares of Wells Fargo & Company from $85.00 to $92.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Morgan Stanley raised shares of Wells Fargo & Company from an "equal weight" rating to an "overweight" rating and set a $102.00 price objective for the company in a research note on Monday, October 5th. Finally, HSBC began coverage on Wells Fargo & Company in a research report on Monday, September 28th. They set a "buy" rating and a $108.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wells Fargo & Company has a consensus rating of "Moderate Buy" and an average target price of $99.47.

Wells Fargo & Company News Summary

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: Wells Fargo reported third-quarter net income of approximately $6.0 billion, or $1.87 per diluted share, exceeding the $1.85 analyst consensus. Earnings per share increased 13% year over year. Wells Fargo Posts Strong Third-Quarter 2026 Results
• Positive Sentiment: Underlying banking trends were solid: average loans and deposits each rose 11% from a year earlier, while net interest income increased 5% to $12.52 billion, supported by robust loan growth and interest income. Wells Fargo profit rises on robust loan growth, interest income
• Positive Sentiment: Revenue growth was broad-based, with Consumer Banking and Lending up 5%, Commercial Banking up 6%, Corporate and Investment Banking up 3% and Wealth and Investment Management up 12%. Noninterest expense declined 1% year over year. Wells Fargo in charts: Revenue growth extends across consumer banking and commercial segments
• Positive Sentiment: Wells Fargo repurchased 28.6 million shares for $2.5 billion during the quarter, supporting per-share earnings and signaling continued capital-return capacity.
• Neutral Sentiment: Total revenue reached $21.87 billion, up 2% year over year, but fell short of the $22.31 billion consensus estimate by $450 million and declined 3% sequentially. Wells Fargo GAAP EPS and revenue results
• Negative Sentiment: The provision for credit losses increased to $1.03 billion from $681 million a year earlier, a risk investors may monitor for signs of weakening borrower credit quality.

About Wells Fargo & Company

Wells Fargo & Company NYSE: WFC is a diversified financial services company that provides banking, lending, investment, and wealth management services to individuals, businesses, institutions, and government entities. Its offerings include checking and savings accounts, credit cards, personal and commercial loans, mortgages, payment services, and other deposit and credit products.

The company also provides investment banking, capital markets, brokerage, advisory, asset management, and retirement services through its corporate and investment banking and wealth and investment management businesses.

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