Wells Fargo Posts Strong Third-Quarter 2026 Results
Wells Fargo ( (WFC) ) just unveiled an update.
On October 13, 2026, Wells Fargo reported third quarter 2026 net income of $6.0 billion, or $1.87 per diluted share, as total revenue rose to $21.87 billion and noninterest expense fell slightly year over year. The bank’s return on equity improved to 13.8% and ROTCE reached 16.3%, while average loans climbed to $1.03 trillion and average deposits to $1.48 trillion, reflecting 11% growth from a year earlier.
Segment results showed broad-based expansion, with revenue growth of 12% in Wealth and Investment Management, 6% in Commercial Banking, 5% in Consumer Banking and Lending, and 3% in Corporate and Investment Banking versus the third quarter of 2025. Wells Fargo also repurchased 28.6 million shares, or $2.5 billion, in the quarter, signaling confidence in its capital position and enhancing returns for shareholders as performance and balance sheet metrics strengthened across the franchise.
The most recent analyst rating on (WFC) stock is a Buy
with a $95.00 price target.
To see the full list of analyst forecasts on Wells Fargo stock,
see the WFC Stock Forecast page.
Spark’s Take on WFC Stock
According to Spark, TipRanks’ AI Analyst, WFC is a Outperform.
The score is driven by solid operating profitability and a constructive earnings-call backdrop (reiterated guidance, improving returns/efficiency, and strong capital returns), supported by reasonable valuation (P/E ~12.5 with a ~2.1% yield). The main constraints are higher balance-sheet leverage and historically volatile cash flows, along with near-term NIM pressure and deposit-mix headwinds noted on the call; technicals are moderately positive rather than strongly bullish.
To see Spark’s full report on WFC stock,
click here.
More about Wells Fargo
Wells Fargo is a diversified U.S. financial services company operating across consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. It generates revenue primarily from lending, deposits, and advisory and investment services, with a broad retail and institutional client base supported by one of the largest banking franchises in the country.
The bank’s business mix spans everyday consumer financial products, credit and deposit services for businesses, capital markets and investment banking solutions, and asset and wealth management offerings, positioning it as a major competitor in the U.S. banking industry and a key player across multiple financial segments.
Average Trading Volume: 14,411,050
Technical Sentiment Signal: Strong Buy
Current Market Cap: $252B
Learn more about WFC stock on TipRanks’ Stock Analysis page.
