Wells Fargo reported first-quarter earnings of $1.56 per share, slightly below analyst expectations of $1.58, with revenue at $21.45 billion, also under consensus but up 6% year-over-year. The bank saw improvements in return on equity and net interest and fee income, driven by higher deposit balances and stronger Wealth and Investment Management fees. CEO Charlie Scharf highlighted the economy's resilience despite market volatility but warned that rising oil prices could impact future results. The bank maintained its 2026 outlook for net interest income and expenses, while shares fell nearly 5% following the report.
Wells Fargo reported strong Q2 2026 adjusted earnings per share of $1.96, beating estimates and showing growth from last year. Revenue increased by 9%, supported by higher net interest and non-interest income. An analyst upgraded the stock with a new...
Wells Fargo reported strong second-quarter results, with revenue up 9% year-over-year and net earnings rising 17%. The growth was driven by robust commercial loan origination and a 5% increase in net interest income to $12.3 billion, supported by a 1...
Wells Fargo reported strong Q2 2026 results with earnings per share of $2.00 and revenue of $22.62 billion, both exceeding analyst expectations. The growth was driven by strong fee income and better credit performance. Despite this, the stock price d...
Wells Fargo reported Q2 earnings of $2 per share, surpassing the $1.72 estimate, driven by strong fee income and improved credit quality that offset pressure on net interest margins. Revenue reached $22.62 billion, beating expectations, with net inco...
JPMorgan Chase reported the highest profit ever for a US bank at $21.2 billion, driven by strong corporate dealmaking and consumer spending. Other major banks like Goldman Sachs, Wells Fargo, and Bank of America also exceeded earnings expectations, b...
