Wells Fargo's strong year-over-year growth in revenue and earnings, coupled with significant capital returns, suggests improving fundamentals. However, the sequential decline in EPS and net interest income may pressure near-term stock performance despite the positive long-term outlook.
Price Chart
Executive Summary
Wells Fargo reported Q1 2026 earnings with diluted EPS of $1.60, down 1% from Q4 2025 but up 15% from Q1 2025, driven by a 6% revenue increase and improved credit performance. The bank returned $4.0 billion to shareholders via share repurchases while maintaining strong capital levels.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.60, down 1% from Q4 2025 ($1.62) but up 15% from Q1 2025 ($1.39)
- Revenue of $21.45 billion, up 1% from Q4 2025 and 6% from Q1 2025
- Net interest income of $12.10 billion, down 2% from Q4 2025
- Noninterest expense of $14.33 billion, up 4% from Q4 2025
- Provision for credit losses of $1.14 billion, up 9% from Q4 2025
- CET1 ratio decreased to 10.3% from 10.6% in Q4 2025
- Repurchased $4.0 billion of common stock in Q1 2026
Financial Impact
Revenue growth of 6% and EPS growth of 15% year-over-year
Risk Factors
- Sequential decline in net interest income and efficiency ratio
- Increasing provision for credit losses
- Declining CET1 ratio
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000072971-26-000213 |
| Exhibit: ex993-wellsfargo1q26pres.htm | 0000072971-26-000213 |
| Document: wfc1qer04-14x26ex991xrelea.htm | 0000072971-26-000213 |
| Document: wfc-20260414.htm | 0000072971-26-000213 |
| Document: 0000072971-26-000213-index-headers.html | 0000072971-26-000213 |
| Document: 0000072971-26-000213-index.html | 0000072971-26-000213 |
| Document: 0000072971-26-000213.txt | 0000072971-26-000213 |
| 8-K Data (Synthetic) | 0000072971-26-000213 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Court Ruling | $88.71 $86.54 | ▼ −2.45% | ▼ −2.55% | $80.21 (−9.58%) |
Sep 14, 2026 18d ago | Court Ruling | $88.71 $86.54 | ▼ −2.45% | ▼ −2.55% | $80.21 (−9.58%) |
Sep 14, 2026 18d ago | Court Ruling | $88.71 $86.54 | ▼ −2.45% | ▼ −2.55% | $80.21 (−9.58%) |
Sep 11, 2026 21d ago | Court Ruling | $90.29 $86.12 | ▼ −4.62% | ▼ −4.40% | $80.21 (−11.16%) |
Sep 9, 2026 23d ago | Court Ruling | $89.67 $87.05 | ▼ −2.92% | ▼ −2.26% | $80.21 (−10.55%) |
Sep 8, 2026 24d ago | Court Ruling | $87.96 $88.71 | ▲ +0.85% | ▲ +1.52% | $80.21 (−8.81%) |
Aug 26, 2026 5w ago | Court Ruling | $85.23 $89.27 | ▲ +4.74% | ▲ +4.86% | $80.21 (−5.89%) |
Aug 25, 2026 5w ago | Court Ruling | $84.79 $87.04 | ▲ +2.65% | ▲ +3.19% | $80.21 (−5.40%) |
Aug 24, 2026 5w ago | Court Ruling | $84.72 $86.39 | ▲ +1.97% | ▲ +1.50% | $80.21 (−5.32%) |
Aug 21, 2026 6w ago | Court Ruling | $83.84 $86.69 | ▲ +3.40% | ▲ +2.93% | $80.21 (−4.33%) |
US Market Status
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