Wells Fargo said it earned net income of $6.4 billion and diluted earnings per common share of $2.00 for Q2 2026, compared with net income of $5.5 billion and diluted EPS of $1.60 a year earlier. Net income for the first half was $11.7 billion, with diluted EPS of $3.60.

1. 01

   Wells Fargo said it earned net income of $6.4 billion and diluted earnings per common share of $2.00 for Q2 2026, compared with net income of $5.5 billion and diluted EPS of $1.60 a year earlier. Net income for the first half was $11.7 billion, with diluted EPS of $3.60.

2. 02

   The company said higher noninterest income of $1.2 billion and higher net interest income of $609 million were the main drivers of its net income increase in Q2 from the same quarter a year earlier. It cited a higher income tax expense of $486 million and higher noninterest expense of $282 million as partial offsets.

3. 03

   The company said its CET1 ratio under the Standardized Approach, its binding framework, was 10.26%, which continued to exceed the regulatory minimum and buffers of 8.50%. Its total loss absorbing capacity (TLAC) ratio was 22.81%, against a regulatory minimum of 21.50%, and its liquidity coverage ratio (LCR) was 119%, against a regulatory minimum of 100%.

4. 04

   Wells Fargo said its allowance for credit losses (ACL) for loans was $14.4 billion as of June 30, 2026, up $70 million from December 31, 2025. The allowance coverage for total loans was 1.40% as of December 31, 2025 1.45%. The company cited a lower allowance for its commercial real estate portfolio as the reason for the lower coverage ratio.

Key figures

Quarter ended June 30, 2026

Revenue

$22.6B

Net income

$6.4B

EPS

$2.00

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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