Form 8-K · Current report
Wells Fargo 8-K, filed Oct 13, 2026
- Filed
- CIK
- 0000072971
- Accession no.
- 0000072971-26-000318
Summary
Wells Fargo reported third-quarter 2026 net income of $5.95 billion, or $1.87 per diluted share, on total revenue of $21.87 billion, up 2% from a year earlier, with results described as preliminary pending its Form 10-Q. Chairman and CEO Charlie Scharf attributed the quarter to broad-based growth, higher earnings and stronger returns, and said consumer and business customers are doing well while flagging economic uncertainty and risks from higher interest rates, oil prices and persistent inflation.
Key points
- Diluted earnings per share of $1.87 rose 13% from $1.66 a year earlier, while net income of $5.95 billion was up 6% year over year but down 7% from the prior quarter.
- The provision for credit losses rose 51% from a year earlier to $1.03 billion, driven by a higher allowance for commercial and industrial and auto loans.
- The company repurchased 28.6 million shares, or $2.5 billion, of common stock in the third quarter.
- The Common Equity Tier 1 ratio fell to 10.0% from 11.0% a year earlier, and noninterest expense declined 1% including an 8% reduction in headcount.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On October 13, 2026, Wells Fargo & Company (the “Company”) issued a news release regarding its results of operations and financial condition for the quarter ended September 30, 2026, and posted on its website its 3Q26 Quarterly Supplement, which contains certain additional information about the Company’s financial results for the quarter ended September 30, 2026. The news release is included as Exhibit 99.1 and the 3Q26 Quarterly Supplement is included as Exhibit 99.2 to this report, and each is incorporated by reference into this Item 2.02. …
An excerpt of the text as filed with the SEC, cut for length.
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