Wells Fargo reported third-quarter earnings of $1.87 per share, above the $1.85 analyst average, Reuters reported on 13 October. Net interest income increased 5% to $12.52 billion but missed the $12.63 billion forecast. Revenue of $21.87 billion also fell ShortDefinition A short is a market position that benefits when the price of an asset or market falls. Taking this type of position is commonly called going short or shorting....Read More of the $22.31 billion estimate. The earnings beat therefore coexisted with weaker-than-expected income and revenue, explaining why the headline result needs qualification.
Wells Fargo reported third-quarter 2026 earnings of $1.87 per share, beating analysts’ expectations of $1.85, supported by loan growth and stronger fee income. However, net interest income rose 5% to $12.52 billion, missing forecasts as lower rates on floating-rate assets and higher deposit costs weighed on results. Total revenue also fell short of expectations at $21.87 billion.