Wells Fargo & Company (WFC) Announced Q2 2026 Earnings on July 14, 2026, Reporting "Revenue grew 9% from a year ago."

Wells Fargo & Company reported its second quarter 2026 results.

Chief Executive Officer Charles Scharf stated, "We grew diluted earnings per share to $2 in the second quarter, up 25% from a year ago." He also noted that "Revenue grew 9% from a year ago." Chief Financial Officer Michael Santomassimo added that "Our earnings increased 17% from a year ago to $6.4 billion." Santomassimo highlighted that "Net interest income increased $609 million or 5% from a year ago" and the company saw "broad-based growth in noninterest income up $1.2 billion or 13% from a year ago."Scharf emphasized the success of the company's efficiency initiatives, indicating this is the "24th consecutive quarter" of headcount reductions.

During the first half of the year, the company "returned over $9.8 billion of capital to shareholders". In the Wealth and Investment Management division, the company "launched Advisor Gateway, a new desktop technology with Gen AI capabilities". The auto business continued its momentum, driven in part by "becoming the preferred financing provider for Volkswagen and Audi vehicles in the U.S."Regarding the 2026 outlook, Santomassimo stated the company is "maintaining our guidance of $50 billion, plus or minus of net interest income for the full year". He further clarified they "still expect net interest income, excluding markets to be approximately $48 billion for the full year" and "still expect markets NII to be approximately $2 billion in 2026". Finally, he confirmed the expense outlook remains unchanged, stating they "still expect 2026 noninterest expense to be approximately $55.7 billion".