Companies · WFC
Wells Fargo
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Latest analysis
Updated Oct 28, 2026
Wells Fargo Q3 2026: NII pressure persists; provision costs rise; deposit mix shifts
Wells Fargo reported Q3 2026 net income of $5.95 billion, up 6.5% from Q3 2025's $5.59 billion, but the third-quarter momentum masks deteriorating underlying drivers. Net interest income of $12.52 billion grew only 4.7% quarter-over-quarter versus Q3 2025's $11.95 billion, while provision for credit losses surged 51% to $1.03 billion from $681 million — signaling accelerating credit normalization. The nine-month NII of $36.93 billion is up just 5.1% year-over-year, constrained by deposit repricing lag and a persistently compressed net interest margin. Noninterest income contracted 1.4% to $9.35 billion in Q3, driven by a 30% decline in mortgage banking revenue and a 43% drop in net gains from trading and securities. Capital deployment via common stock repurchases totaled $9.59 billion nine-month year-to-date, while preferred stock issuance of $4.0 billion nine-month year-to-date signals reliance on Tier 1 capital raises to support balance sheet expansion.
Tone: cautiousRevenue
$83.7B
WFC 10-K · FY 2025
Employees
205,000
Revenue FY2024
$82.3B
Founded
1852
Profile
WFC 10-K Item 1 · Feb 24, 2026Wells Fargo & Company is a Delaware-incorporated financial holding company and the fourth-largest U.S. bank by assets, with approximately $2.1 trillion in total assets at year-end 2025. It provides a diversified set of banking, investment, mortgage, and consumer and commercial finance products to individuals, businesses, and institutions primarily in the United States. Its four reportable segments are Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
Read filing description ↓ Collapse description ↑
We are a leading financial services company that provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses and institutions, primarily in the U.S., as well as in countries outside the U.S. We provide consumer financial products and services including checking and savings accounts, credit and debit cards, and home, auto, personal, and small business lending. In addition, we provide personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services. We also provide financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. We also provide a suite of capital markets, banking and financial products and services to corporate, commercial real estate, government and institutional clients through corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income solutions, as well as sales, trading, and research capabilities.
Primary products
- checking and savings accounts
- credit and debit cards
- home lending
- auto lending
- personal lending
- small business lending
Business segments
End markets
Geographies
Named competitors
“The financial services industry is highly competitive.” Competitive position, as stated in the filing
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