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 expectations. The bank's wealth and investment management segment led growth with a 12% revenue increase, while commercial banking, consumer banking, and corporate banking also saw gains. Despite some revenue shortfalls in net interest and noninterest income, average loans, deposits, and client assets all grew by 11%. Wells Fargo repurchased $2.5 billion in stock and maintained a strong capital ratio. CEO Charlie Scharf highlighted positive consumer and business customer performance amid economic uncertainty. Shares opened down 1.3% following the report.
Wells Fargo shares are down 2.47% on Pluang as of Oct 13, 2026 21:01 WIB, trading at USD 81.24 despite the bank's strong third-quarter earnings report. The stock's market cap stands at $251.96 billion, with a high volume of 14,225,804 shares traded. Investor sentiment on Pluang shows a heavy sell bias, with 98% of order activity being sell orders, reflecting cautious positioning after the earnings release.
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