Wells Fargo Q3 Results: Earnings Beat Estimates Despite Revenue Miss
Key Facts
Wells Fargo reported GAAP EPS of $1.87 for the third quarter, beating analyst estimates by $0.01 according to Seeking Alpha. The bank's revenue reached $21.87 billion, missing consensus expectations by $450 million.
WFC closed at $83.32 on October 12, 2026, ahead of the results which showed bottom-line efficiency offsetting top-line challenges. On the same date, peer stocks JPM and BAC closed at $334.3 and $54.58 respectively, reflecting the broader banking sector environment at the time of the release.
Latest Updates · 3
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Update: The results included a miss in net interest income (NII) which came in below analyst estimates on October 13, 2026. This shortfall contributed to the overall revenue miss despite the bank's reported earnings beat.
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Update: Wells Fargo's net income increased 6% to $5.95 billion during the third quarter of 2026. This growth was primarily driven by strong performance within the bank's wealth management division.
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Update: The bank's profit was bolstered by strong performance in its lending division and higher net interest income. This robust loan growth supported the bottom-line results despite the slight miss in total revenue compared to expectations.