Wells Fargo & Company (WFC) Earnings Call Transcripts

Wells Fargo & Company's Latest Earnings Call - Q3 FY2026

Wells Fargo reported strong third quarter results for 2026, with earnings per share (EPS) of $1.87, reflecting a 30% year-over-year increase. Revenue grew 2% to $23.5 billion, slightly below the $24.0 billion consensus estimate, primarily due to lower venture capital income and lease income from the sale of the railcar leasing business. Management maintained its full-year net interest income guidance at approximately $50 billion, signaling confidence in continued loan and deposit growth despite macroeconomic uncertainties.

Reported metrics

Guidance from management

Management maintained its full-year net interest income guidance at approximately $50 billion, with fourth quarter net interest income expected to be around $13 billion, reflecting confidence in continued growth despite macroeconomic uncertainties.

What management said

And I would just add on that. I think we feel like we've got a lot of flexibility when it comes to our ability to manage our overall capital. As Mike said, we are growing, but we're very conscious of and have the ability to manage the risk-weighted assets in that we earn at $6 billion a quarter in terms of earnings power, less dividends. That adds just when we show up 30 basis points or so to our CET1 ratio for the q...

And just to be really like direct, that means that adds to earnings, that adds to return. So when we talk about continued progress that we expect to expect to see. We've been talking about this one for a while. And now that we're -- our originations are leveling out and those vintages are maturing, we should start to see more of an impact in the overall company, which is terrific.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of rising interest rates on consumer credit quality and commercial real estate valuations. There were also questions about the sustainability of loan growth amid economic uncertainties and the performance of the venture capital investments.

Main topics on the call

• Earnings Growth — Wells Fargo's EPS increased by 30% year-over-year to $1.87, driven by broad-based growth across all business segments. CEO Charlie Scharf stated, "Our progress towards building a growing, high returning company continues...
• Revenue Performance — Total revenue for the quarter was $23.5 billion, up 2% year-over-year but slightly below the $24 billion estimate. Management noted that growth was partially offset by lower revenue from venture capital investments and l...
• Loan and Deposit Growth — Average loans and deposits both increased by 11% year-over-year, indicating strong demand across commercial and consumer segments. Scharf highlighted that "we generated strong growth in loans and deposits throughout 2026...
• Expense Management — Noninterest expenses declined by $103 million year-over-year, contributing to an improved efficiency ratio of 63%. CFO Mike Santomassimo remarked, "Our ongoing focus on improving efficiency is trading more savings across...

Read the full Wells Fargo & Company transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 72 Wells Fargo & Company earnings call transcripts on record, spanning January 14, 2020 to October 13, 2026. Based on this history, Wells Fargo & Company reports quarterly. The most recent call on file is dated October 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

WFC

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

72

First call

January 14, 2020

Most recent

October 13, 2026

Reporting cadence

quarterly