Wells Fargo reported third-quarter 2026 earnings per share (EPS) of $1.87, surpassing analyst estimates of $1.85, while revenue came in at $21.87 billion, below the expected $22.31 billion. The bank saw a 13% rise in EPS and a 6% increase in net income to $5.95 billion, supported by loan growth and higher interest income. Wealth and Investment Management revenue grew 12% to $4.1 billion, and return on equity improved to 13.8%, beating expectations. These results highlight Wells Fargo's solid profitability despite a slight revenue shortfall, indicating steady financial health going forward.
Wells Fargo shares are trading at USD 82.05 on Pluang, down 1.50% as of Oct 13, 2026 23:21 WIB. Despite the recent earnings beat, the platform shows a strong sell sentiment with 98% of orders to sell and a dividend yield of 2.4%.
Goldman Sachs reported a strong third quarter in 2026, surpassing profit forecasts with a 72% revenue jump in equities trading, driving its stock up 1%. The bank also saw record advisory fees and growth in asset management, while announcing acquisiti...
Wells Fargo reported third-quarter earnings per share of $1.87, surpassing analyst estimates of $1.85 and marking a 13% increase from the previous year. Net income rose 6% to $5.95 billion, with revenue growing 2% to $21.9 billion, slightly below exp...
Four of the largest US banks reported mixed third-quarter earnings. JPMorgan missed earnings and revenue estimates, with concerns over rising expenses and fixed income trading shortfalls. CEO Jamie Dimon warned of potential financial pain if interest...
JPMorgan Chase reported earnings below expectations due to weaker fixed income trading and higher expenses, causing its shares to initially drop over 3%. CEO Jamie Dimon noted a moderation in trading and investment banking activity. In contrast, Gold...
This week, five major U.S. banks—JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and Morgan Stanley—are set to release their third-quarter earnings. The reports come amid a challenging market environment where bank shares have declined due to ...
