AI Earnings Predictions for Wells Fargo & Company (WFC)

EX-99.1

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EXHIBIT 99.1

Document

Exhibit 99.1

News Release | July 14, 2026

Wells Fargo Reports Second Quarter 2026 Net Income of $6.4 billion, or $2.00 per Diluted Share

Company-wide Financial Summary

Quarter ended

Jun 30, 2026Jun 30, 2025

Selected Income Statement Data

($ in millions except per share amounts)

Total revenue$22,62220,822

Noninterest expense13,66113,379

Provision for credit losses1 9141,005

Net income6,4075,494

Diluted earnings per common share2.001.60

Selected Balance Sheet Data

($ in billions)

Average loans$1,026.5916.7

Average deposits1,465.61,331.7

CET12

10.3%11.1

Performance Metrics

ROE3

15.0%12.8

ROTCE4

17.715.2

Operating Segments and Other Highlights

Quarter endedJun 30, 2026 % Change from

($ in billions)Jun 30, 2026Mar 31, 2026Jun 30, 2025

Average loans

Consumer Banking and Lending5 $337.8 1 %6

Commercial Banking5 237.1 4 5

Corporate and Investment Banking359.4 5 26

Wealth and Investment Management91.1 3 12

Average deposits

Consumer Banking and Lending5 828.4 1 3

Commercial Banking5 189.5 2 6

Corporate and Investment Banking234.8 10 16

Wealth and Investment Management109.8 (2)10

Capital

◦Repurchased 37.4 million shares, or $3.0 billion, of common stock in second quarter 2026

Second quarter 2026 notable item:

◦$132 million, or $0.04 per share, of discrete tax benefits related to the resolution of prior period matters

Chairman and Chief Executive Officer Charlie Scharf commented, “We generated strong second quarter results with diluted earnings per share growing to $2.00, up 25% from a year ago. Revenue increased 9% from a year ago with net interest income up 5% and noninterest income up 13%. Continued expense discipline drove positive operating leverage. Total expenses were up 2% from a year ago and non-revenue related expenses were lower. Consumer and commercial credit quality remained strong across all portfolios and net loan charge-offs declined 10 basis points from a year ago. ROTCE4 increased from 15.2% a year ago to 17.7% in the second quarter and 16.1% in the first half of 2026. Our balance sheet continued to grow with average loans increasing 12% from a year ago, with higher balances in both our consumer and commercial businesses, and average deposits increasing 10%.”

“We saw broad-based revenue growth, with all of our operating segments generating strong revenue growth. In our consumer businesses, Consumer Banking and Lending revenue grew 6% and Wealth and Investment Management revenue increased 13% from a year ago. We also had strong growth in our commercial businesses with Commercial Banking revenue up 6% and Corporate and Investment Banking revenue increasing 16% from a year ago,” Scharf added.

“We are clearly benefitting from the broad-based economic strength we see in the U.S., but the investments we are making and our improved operating discipline also drove strong momentum in our key business metrics across all operating segments again this quarter. Consumer primary checking account growth is accelerating, and we had strong growth in new credit card accounts and auto originations. In Wealth and Investment Management, client assets grew 15% from a year ago to over $2.4 trillion. The hiring we have done in Commercial Banking has helped to drive new client acquisition and higher loan and deposit balances. In Corporate and Investment Banking we had strong results with Banking revenue increasing 20% and Markets revenue up 24% from a year ago,” Scharf continued.

“After years of not being on a level playing field with our competitors because we couldn’t grow our balance sheet, we are carefully deploying capital to grow and support our clients by taking risks that we think are prudent through economic cycles, not just the strong environment we see today. Our strong capital generation allows us to do this and continue to return capital to our shareholders. During the first half of this year, we repurchased approximately $7 billion of common stock and as previously announced, we expect to increase our third quarter common stock dividend by 11% to $0.50 per common share, subject to approval by the Company’s Board of Directors at its meeting later this month. We continue to manage our capital position with significant buffers above regulatory minimums and look forward to the finalization of the new proposed capital rules,” Scharf continued.

“Consumers and businesses remain very strong. Consumer spending is higher, charge-offs and delinquencies are lower, and savings and investments are growing across consumer segments. Businesses are cautious but balance sheets and cash flows remain strong resulting in strong credit performance. Equity indices are at or near all-time highs, credit spreads are narrow, and there is a significant amount of liquidity being deployed by banks and non-banks. Concerns around affordability and inflation exist, but the labor market and wage growth remain strong. We know that such favor

EX-99.1

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EXHIBIT 99.1

Document

Exhibit 99.1

News Release | April 14, 2026

Wells Fargo Reports First Quarter 2026 Net Income of $5.3 billion, or $1.60 per Diluted Share

Company-wide Financial Summary

Quarter ended

Mar 31, 2026Mar 31, 2025

Selected Income Statement Data

($ in millions except per share amounts)

Total revenue$21,44620,149

Noninterest expense14,33013,891

Provision for credit losses1 1,135932

Net income5,2534,894

Diluted earnings per common share1.601.39

Selected Balance Sheet Data

($ in billions)

Average loans$996.0908.2

Average deposits1,415.01,339.3

CET12

10.3%11.1

Performance Metrics

ROE3

12.2%11.5

ROTCE4

14.513.6

Operating Segments and Other Highlights

Quarter endedMar 31, 2026 % Change from

($ in billions)Mar 31, 2026Dec 31, 2025Mar 31, 2025

Average loans

Consumer Banking and Lending (CBL)5 $335.3 1 %4

Commercial Banking (CB)5 229.1 2 2

Corporate and Investment Banking342.3 9 23

Wealth and Investment Management88.4 4 9

Average deposits

Consumer Banking and Lending5 816.6 1 2

Commercial Banking5 185.9 3 2

Corporate and Investment Banking214.3 — 5

Wealth and Investment Management112.1 6 10

Capital

◦Repurchased 46.3 million shares, or $4.0 billion, of common stock in first quarter 2026

First quarter 2026 notable item:

◦$135 million, or $0.04 per share, of discrete tax benefits related to the resolution of prior period matters

Chairman and Chief Executive Officer Charlie Scharf commented, “We saw continued positive impacts from the investments we have been making with diluted earnings per share increasing 15%, revenue increasing 6%, loans increasing 11%, and deposits increasing 7% compared to a year ago. Revenue growth was driven by both a 5% increase in net interest income and an 8% increase in noninterest income. Credit performance remained strong with net loan charge-offs stable at 45 basis points. We returned $4 billion to shareholders through common stock repurchases while continuing to operate with significant excess capital.”

“Our consistent focus on investing across all of our businesses helped contribute to broad-based revenue growth, with each of our operating segments increasing revenue from a year ago. Consumer Banking and Lending revenue grew 7% and Commercial Banking grew 7% as well. Within our Corporate and Investment Bank we saw an 11% increase in Banking revenue and a 19% increase in Markets revenue. Wealth and Investment Management grew 14%,” Scharf added.

“In our credit card business, we launched two new cards in the first quarter, and the product enhancements we have made over the past five years drove higher card fees and purchase volume. Auto originations and balances increased, and new consumer checking account openings were higher. We continued to see momentum in our Wealth and Investment Management business with client assets growth of 11% to $2.2 trillion. Strong customer engagement helped to drive higher loan and deposit balances in Commercial Banking. We continued to grow our Investment Banking business, including increasing market share in Equity Capital Markets in the first quarter, and we ended the quarter with a strong investment banking pipeline,” Scharf continued.

“While markets have been volatile, we still see continued resiliency in the underlying economy and the financial health of the consumers and businesses we serve remains strong, though the impact of higher oil prices will likely take some time to materialize. We will continue to monitor trends and respond accordingly, and we are well positioned to support our customers across a range of economic scenarios. We have clear strategic plans in place that are focused on growing returns by using our broad set of capabilities. I am encouraged by the momentum we are seeing and confident in our ability to continue to grow across our businesses,” Scharf concluded.

Endnotes are presented on page 9.

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information.

Selected Company-wide Financial Information

Quarter endedMar 31, 2026 % Change from

Mar 31, 2026Dec 31, 2025Mar 31, 2025Dec 31, 2025Mar 31, 2025

Earnings ($ in millions except per share amounts)

Net interest income$12,096 12,331 11,495 (2)%5

Noninterest income9,350 8,961 8,654 4 8

Total revenue21,446 21,292 20,149 1 6

Net charge-offs1,106 1,030 1,009 7 10

Change in the allowance for credit losses29 10 (77)190138

Provision for credit losses1 1,135 1,040 932 9 22

Noninterest expense14,330 13,726 13,891 4 3

Income tax expense 691 1,103 522 (37)32

Wells Fargo net income$5,253 5,361 4,894 (2)7

Diluted earnings per co

EX-99.1

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EXHIBIT 99.1

Document

Exhibit 99.1

News Release | January 14, 2026

Wells Fargo Reports Fourth Quarter 2025 Net Income of $5.4 billion, or $1.62 per Diluted Share

Net income, excluding a notable item, of $5.8 billion, or $1.76 per diluted share1

Company-wide Financial Summary

Quarter ended

Dec 31, 2025Dec 31, 2024

Selected Income Statement Data

($ in millions except per share amounts)

Total revenue$21,29220,378

Noninterest expense13,72613,900

Provision for credit losses2 1,0401,095

Net income5,3615,079

Diluted earnings per common share1.621.43

Selected Balance Sheet Data

($ in billions)

Average loans$955.8906.4

Average deposits1,377.71,353.8

CET13

10.6%11.1

Performance Metrics

ROE4

12.3%11.7

ROTCE5

14.513.9

Operating Segments and Other Highlights

Quarter endedDec 31, 2025 % Change from

($ in billions)Dec 31, 2025Sep 30, 2025Dec 31, 2024

Average loans

Consumer Banking and Lending (CBL)6 $329.3 1 %2

Commercial Banking (CB)6 224.0 2 1

Corporate and Investment Banking312.9 6 14

Wealth and Investment Management88.7 3 6

Average deposits

Consumer Banking and Lending6 778.6 — 1

Commercial Banking6 181.0 5 (2)

Corporate and Investment Banking214.5 5 5

Wealth and Investment Management134.5 6 14

Capital

◦Repurchased 58.2 million shares, or $5.0 billion, of common stock in fourth quarter 2025

Fourth quarter 2025 notable item:

◦$612 million, or $0.14 per share, of severance expense

Chairman and Chief Executive Officer Charlie Scharf commented, “Strong financial performance, removal of the asset cap imposed by the Federal Reserve, termination of multiple consent orders, and stronger growth in both our consumer and commercial businesses make me proud of our 2025 results.

We achieved our prior ROTCE5 target of 15% and have set a new medium-term target of 17-18%. As compared to full year 2024, diluted earnings per share grew 17%, fee-based income grew 5%, credit performance was strong as net charge-offs declined by 16%, and expenses grew less than 1%. We continued to operate with significant excess capital while returning $23 billion to shareholders through $18 billion in common stock repurchases and increasing our dividend per common share by 13% in 2025.

We have worked hard to balance short-term performance and investing for long-term success. We have funded significant increased investments in infrastructure and business growth by driving greater savings from efficiencies across the company. Over the past 5 years, gross expense reductions of $15 billion have allowed us to make these investments while reducing the total expense base.”

“Evidence of increased growth can be seen across the company. In our consumer businesses, credit card continues to see strong increases in spend and new accounts grew over 20% from a year ago. Auto lending returned to growth with balances up 19% from the prior year. Net checking account growth was stronger and deposits and investment balances in our affluent offering – Wells Fargo Premier® – grew 14% from the prior year. Advisory fees in our Wealth and Investment Management business grew 8%. In our commercial businesses, loans grew 12%. Investment banking fees increased 14%. We grew investment banking market share and our M&A ranking increased from 12 to 8,” Scharf added.

“We have built a strong foundation and have made great progress in improving growth and returns though we have operated with significant constraints. We are excited to now compete on a level playing field and are able to dedicate even more resources to growth with the ability to grow our balance sheet. The dedication and hard work of all those at Wells Fargo has positioned us to enter 2026 in a position of strength and we are excited by the momentum we have and opportunities in front of us,” Scharf concluded.

Endnotes are presented on page 9.

Financial results reported in this document are preliminary. Final financial results and other disclosures will be reported in our Annual Report on Form 10-K for the year ended December 31, 2025, and may differ materially from the results and disclosures in this document due to, among other things, the completion of final review procedures, the occurrence of subsequent events, or the discovery of additional information.

Selected Company-wide Financial Information

Quarter endedDec 31, 2025 % Change fromYear ended

Dec 31, 2025Sep 30, 2025Dec 31, 2024Sep 30, 2025Dec 31, 2024Dec 31, 2025Dec 31, 2024

Earnings ($ in millions except per share amounts)

Net interest income$12,331 11,950 11,836 3 %4 $47,484 47,676

Noninterest income8,961 9,486 8,542 (6)5 36,215 34,620

Total revenue21,292 21,436 20,378 (1)4 83,699 82,296

Net charge-offs1,030 954 1,188 8 (13)3,990 4,759

Change in the allowance for credit losses10 (273)(93)104111 (332)(425)

Provision for credit losses1 1,040 681 1,095 53 (5)3,658 4,334

Noninterest expense13,726 13,846 13,900 (1)(1)54,842 54,598

Income tax expense 1,103 1,300 120 (15)8