13. Oct 2026
Description
(AWP Alliance News) - Wells Fargo reported third-quarter 2026 net income of USD 5.95 billion, or USD 1.87 per diluted share, as revenue rose 2% to USD 21.87 billion. Provision for credit losses jumped 51% from a year earlier to USD 1.03 billion, while noninterest expense edged down to USD 13.74 billion.
Average loans climbed 11% to USD 1.03 trillion and average deposits rose 11% to USD 1.48 trillion. CEO Charlie Scharf said results showed "broad-based growth," citing more than 660,000 new credit card accounts and 15% growth in auto originations from a year ago, while the bank repurchased 28.6 million shares for USD 2.5 billion in the quarter.
https://www.sec.gov/Archives/edgar/data/72971/000007297126000318/000007…
Disclaimer: This news brief was created using generative artificial intelligence. 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, on October 13, 2026, and is solely responsible for the information contained therein.
