Wells Fargo reports third-quarter profit growth for Wells Fargo stock
Published on 10/21/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly earnings and capital returns
- Third-quarter net income reached USD 5.95 billion on October 13, 2026.
- Revenue grew 2.00 percent to USD 21.87 billion in the third quarter.
- Wells Fargo stock traded at EUR 73.15 at 10:41 a.m. CEST at Lang & Schwarz on October 21, 2026.
Wells Fargo & Co. (ISIN US9497461015) was trading at EUR 73.15 at Lang & Schwarz on October 21, 2026 at 10:41 a.m. CEST, while third-quarter net income reached USD 5.95 billion. The bank's October 13 results combined higher earnings with slower revenue growth, giving investors a mixed operating picture.
According to Wells Fargo, the company released its third-quarter 2026 results on October 13, 2026. Diluted earnings per share reached USD 1.87, compared with USD 1.66 in the year-earlier quarter.
Profit grew while revenue lagged
The earnings improvement was supported by stronger interest income and balance-sheet expansion. Revenue rose 2.00 percent year over year to USD 21.87 billion, while net interest income increased 5.00 percent to USD 12.52 billion.
The revenue result was less convincing than the profit figure. Reuters reported that Wells Fargo's net income rose from USD 5.59 billion in the third quarter of 2025 to USD 5.95 billion in the third quarter of 2026, while net interest income grew 5.00 percent.
What does 16.30 percent mean?
Return on average tangible common equity reached 16.30 percent in the third quarter, up from 15.20 percent a year earlier. The ratio moved closer to management's 17.00 percent to 18.00 percent long-term target range, but it remained below that range.
The balance sheet supplied the operating leverage behind the result. Average loans increased 11.00 percent year over year to USD 1.05 trillion, and average deposits also rose 11.00 percent to USD 1.50 trillion. The presentation also showed a 63.00 percent efficiency ratio for the quarter.
Capital returns add a second signal
Wells Fargo raised its common dividend to USD 0.50 per share from USD 0.45 in the second quarter and repurchased USD 2.50 billion of common stock during the third quarter. The bank also reported a 10.00 percent Common Equity Tier 1 ratio at September 30, 2026.
Wells Fargo kept its 2026 net interest income outlook at USD 50.00 billion and its 2026 noninterest expense outlook at USD 55.70 billion. Those figures make funding costs, credit quality and efficiency the key follow-through metrics.
Stock price stays at EUR 73.15
Wells Fargo was trading at EUR 73.15 at Lang & Schwarz on October 21, 2026 at 10:41 a.m. CEST. The primary listing is on the NYSE under ticker WFC, and the company's latest reported assets totaled USD 2.25 trillion at September 30, 2026.
The further course of trading is shown by the continuously updated real-time quote of Wells Fargo stock.
Wells Fargo stock facts
- Company: Wells Fargo & Company
- ISIN: US9497461015
- Ticker: WFC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 21, 2026, 10:41 a.m. CEST): EUR 73.15
- Sector / Industry: Financial Services / Banks - Diversified
Market context: Market report S&P 500.
