Oct 13, 6:28 AM ET
Wells Fargo reported third quarter 2026 net income of $5,951 million, or $1.87 per diluted share, compared with $5,589 million and $1.66 a year earlier. Revenue rose 2% from a year ago to $21,870 million, but fell 3% from the second quarter, when EPS was $2.00, and the provision for credit losses rose 51% from a year ago.
- Diluted EPS of $1.87 rose 13% from $1.66 a year ago but fell 6% from $2.00 in the second quarter of 2026.
- Total revenue was $21,870 million, up 2% from a year ago; noninterest expense fell 1% to $13,743 million.
- Provision for credit losses rose to $1,029 million from $681 million a year ago; CET1 ratio was 10.0%, down from 11.0%.
- The company repurchased 28.6 million shares, or $2.5 billion, of common stock in the third quarter.
Read the filing on SEC.gov ↗
Sep 23, 4:43 PM ET
Wells Fargo said on September 23, 2026 that Scott E. Powell will become its Chief Risk Officer effective January 15, 2027. After that date he will no longer serve as the company's Chief Operating Officer. The filing does not describe the reasons for the change or any compensation terms.
- Scott E. Powell appointed Chief Risk Officer, effective January 15, 2027
- Powell will no longer serve as Chief Operating Officer after that date
- Announced September 23, 2026 in an SEC Form 8-K under Item 5.02
Read the filing on SEC.gov ↗
Jul 14, 6:28 AM ET
Wells Fargo reported second quarter 2026 net income of $6.4 billion, or $2.00 per diluted share, up from $1.60 a year earlier, on total revenue of $22.6 billion, up 9%. The company also said it repurchased $3.0 billion of common stock in the quarter and expects its third quarter 2026 dividend to rise to $0.50 per share from $0.45, subject to board approval.
- Diluted EPS of $2.00 vs. $1.60 in the second quarter of 2025, up 25%
- Total revenue of $22,622 million, up 9% from a year earlier; noninterest expense up 2% to $13,661 million
- Repurchased 37.4 million shares, or $3.0 billion, of common stock in the second quarter
- Third quarter 2026 dividend expected at $0.50 per share, up from $0.45; CET1 ratio was 10.3% at June 30, 2026
Read the filing on SEC.gov ↗
Apr 30, 4:44 PM ET
At its April 28, 2026 annual meeting, Wells Fargo shareholders elected all 12 director nominees and approved an amendment and restatement of the 2022 Long-Term Incentive Plan. They also approved executive pay on an advisory basis and ratified KPMG LLP as the independent auditor for 2026. All six shareholder proposals failed to win majority support, with the highest, a call for an independent chair, receiving 33.90% in favor.
- Amended 2022 Long-Term Incentive Plan approved with 95.93% of votes cast for or against (2,337,239,396 for; 99,219,067 against)
- Advisory say-on-pay vote approved with 65.53% of votes cast for or against (1,604,792,488 for; 831,262,731 against)
- KPMG LLP ratified for 2026 with 93.60% in favor; all six shareholder proposals fell short of majority support
- Full text of the amended plan is filed as Exhibit 10(a)
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
