Wells Fargo Q1 2026 net income $5.3 billion, EPS $1.60 vs. $1.39 a year earlier
Wells Fargo reported first quarter 2026 net income of $5.3 billion, or $1.60 per diluted share, up from $1.39 a year earlier, on total revenue of $21.4 billion, up 6%. Compared with the fourth quarter of 2025, net income fell 2% and diluted EPS fell from $1.62, and the CET1 ratio was 10.3%, down from 11.1% a year earlier. The company also repurchased $4.0 billion of common stock during the quarter.
Key points
- Total revenue was $21.4 billion, up 6% from the first quarter of 2025 and up 1% from the fourth quarter of 2025.
- Diluted EPS of $1.60 was up 15% from a year earlier but down from $1.62 in the fourth quarter of 2025.
- The quarter included a $135 million, or $0.04 per share, discrete tax benefit tied to prior period matters.
- Wells Fargo repurchased 46.3 million shares, or $4.0 billion, of common stock in the quarter; the CET1 ratio was 10.3%, a preliminary estimate.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 14, 2026.
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.