AI Earnings Predictions for Wells Fargo & Company (WFC)

EX-99.1

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EXHIBIT 99.1

Document

Exhibit 99.1

News Release | October 13, 2026

Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share

Company-wide Financial Summary

Quarter ended

Sep 30, 2026Sep 30, 2025

Selected Income Statement Data

($ in millions except per share amounts)

Total revenue$21,87021,436

Noninterest expense13,74313,846

Provision for credit losses1 1,029681

Net income5,9515,589

Diluted earnings per common share1.871.66

Selected Balance Sheet Data

($ in billions)

Average loans$1,033.4928.7

Average deposits1,482.91,339.9

CET12

10.0%11.0

Performance Metrics

ROE3

13.8%12.8

ROTCE4

16.315.2

Operating Segments and Other Highlights

Quarter endedSep 30, 2026 % Change from

($ in billions)Sep 30, 2026Jun 30, 2026Sep 30, 2025

Average loans

Consumer Banking and Lending$342.1 1 %4

Commercial Banking240.5 1 10

Corporate and Investment Banking353.4 (2)19

Wealth and Investment Management95.4 5 16

Average deposits

Consumer Banking and Lending825.1 — 2

Commercial Banking198.9 5 16

Corporate and Investment Banking248.1 6 22

Wealth and Investment Management108.7 (1)9

Capital

◦Repurchased 28.6 million shares, or $2.5 billion, of common stock in third quarter 2026

Chairman and Chief Executive Officer Charlie Scharf commented, “Our third quarter results reflect broad-based growth, higher earnings, and stronger returns. Diluted earnings per share increased to $1.87 in the third quarter, up 13% from a year ago. Our ROTCE4 increased from 14.7% during the first nine months of 2025 to 16.2% during the same period this year and 16.3% in the third quarter. Both average loans and average deposits increased 11% from a year ago.”

“Wealth and Investment Management revenue grew 12% versus a year ago, Commercial Banking grew 6%, Consumer Banking and Lending grew 5%, and Corporate and Investment Banking revenue increased 3%. These increases were partially offset by lower revenue from our venture capital investments and lower lease income following the sale of our rail car leasing business in the first quarter,” Scharf added.

“Key growth metrics across our businesses showed continued strength. In the quarter we had continued growth in consumer primary checking accounts, opened more than 660,000 new credit card accounts, and auto originations increased 15% from a year ago. Wealth and Investment Management client assets grew 11%, investment banking and markets fees from Commercial Banking clients grew 25%, and within Corporate and Investment Banking, overall Banking revenue increased 8%, including M&A revenue increasing 30% and both equity capital markets and investment grade underwriting fees increasing 33%. While Markets revenue was relatively stable from a year ago, equities revenue grew 21%,” Scharf continued.

“Expenses declined from a year ago even though revenue-related expenses increased 15%. Expense savings have funded much of the investments that are making the company stronger, improving our capabilities, and positioning us for continued future growth,” Scharf continued.

“While economic uncertainty exists and consumer sentiment remains mixed, our data shows that our consumer and business customers are doing well. Consumers are spending more, loan delinquencies are low, and deposit and investment balances have grown. Businesses continue to have strong balance sheets and losses remain low. While higher interest rates, higher oil prices and persistent inflation create risks to the economy, strong positive forces such as the investment in AI infrastructure, high employment levels and consistent wage growth continue to outweigh the risks,” Scharf added.

“I’m proud of the Wells Fargo team and we will continue to remain vigilant about risk as we build for the long term,” 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 September 30, 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 endedSep 30, 2026 % Change from

Sep 30, 2026Jun 30, 2026Sep 30, 2025Jun 30, 2026Sep 30, 2025

Earnings ($ in millions except per share amounts)

Net interest income$12,517 12,317 11,950 2 %5

Noninterest income9,353 10,305 9,486 (9)(1)

Total revenue21,870 22,622 21,436 (3)2

Net charge-offs983 883 954 11 3

Change in the allowance for credit losses46 31 (273)48 117

Provision for credit losses1 1,029 914 681 13 51

Noninterest expense13,743 13,661 13,846 1 (1)

Income tax expense 1,161 1,402 1,300 (17)(11)

Wells Fargo net income$5,951 6,407 5,589 (7)6

Diluted earnings per common share1.87 2.00 1.66 (6)13

Balance Sheet Data

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