Wells Fargo & Company (WFC) Q2 2026 (USD): EPS 2.00 (exp. 1.72), Revenue 22.6bln (exp. 21.87bln), NII 12.3bln (exp. 12.4bln), Net Income 6.41bln (exp. 5.33bln). Affirms FY guide.
- Planning a dividend increase to USD 0.50/shr, +11%.
- Credit loss provision 914mln (prev. 1.005bn)
- "We saw broad-based revenue growth, with all of our operating segments generating strong revenue growth. In our consumer businesses, Consumer Banking and Lending revenue grew 6% and Wealth and Investment Management revenue increased 13% from a year ago. We also had strong growth in our commercial businesses with Commercial Banking revenue up 6% and Corporate and Investment Banking revenue increasing 16% from a year ago"
- Concerns around affordability and inflation exist, labour market and wage growth remain strong.
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