Wells Fargo Q3 2026 net income rises 6% to $5.95 billion; EPS climbs 13% to $1.87

Wells Fargo posted third-quarter net income of $ 5.95 billion, lifting diluted EPS 13% to $ 1.87 from a year earlier. Revenue rose 2% to $ 21.87 billion, while provision for credit losses jumped 51% to $ 1.03 billion. Average loans climbed 11% to $ 1.03 trillion and average deposits increased 11% to $ 1.48 trillion versus the year-ago quarter. Common Equity Tier 1 ratio slipped to 10.0% from 11.0% a year earlier; 28.6 million shares were repurchased for $ 2.5 billion. CEO Charlie Scharf cited broad-based growth, including 660,000+ new credit card accounts and 15% higher auto originations from a year ago. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wells Fargo & Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000072971-26-000318), on October 13, 2026, and is sol