Wells Fargo & Company Q3 2026 Earnings Recap

Wells Fargo shares fell 2.9%, a roughly flat reaction, as revenue growth was modest at 2% year over year and Markets slowed in the final weeks of the quarter. EPS rose 13% to $1.87, but the transcript does not identify a specific cause for the share-price move.

Key Takeaways

• Revenue increased 2% year over year, with growth in each operating segment; lower venture-capital investment revenue and lease income partly offset the gains.
• EPS was $1.87, up 13% from a year ago; ROTCE was 16.3% for the quarter.
• Average loans and deposits each grew 11% year over year. Consumer Banking and Lending revenue rose 5%, while Wealth and Investment Management revenue rose 12%.
• Corporate and Investment Banking revenue increased 3%; Banking grew 8%, but Markets revenue was down modestly year over year after slowing in the last several weeks of the quarter.
• Expenses declined modestly: nonrevenue-related expenses fell 4%, more than offsetting a 15% increase in revenue-related expenses.