Wells Fargo & Company (WFC): Q1 2026 (USD) EPS 1.60 (exp. 1.58), Revenue 21.5bln (exp. 21.76bln); affirms FY26 NII 50bln (exp. 50.4bln), expenses 55.7bln (prev. 54.8bln Y/Y), avg. loans "mid-single digits growth" Y/Y
- Notes that credit performance remained strong
Other Q1 metrics:
- Total Average Deposits 1.42tln (exp. 1.41tln)
- NIM 2.47% (exp. 2.57%)
- Net Charge Offs 1.1bln (exp. 1.1bln)
- Efficiency Ratio 67% (exp. 65.3%)
- Commercial Banking Revenue 3.12bln (exp. 3.17bln)
- NII 12.1bln (exp. 12.27bln)
Context
Wells Fargo's Q1 2026 earnings show an EPS beat against expectations, which is a positive sign, although revenue slightly missed. The affirmed guidance for net interest income suggests confidence in sustained performance, yet higher expenses and a lower net interest margin may weigh on future profitability. Overall, while credit performance is solid, the mixed results warrant a cautious view on the bank's near-term outlook.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#WELLS FARGO & CO#WFC.US#IMPORTANT#EQUITIES#EU SESSION#DIVERSIFIED BANKS#BANKS#BANKS (GROUP)#S&P 500 INDEX#WFC#US EQUITIES