Wells Fargo misses revenue estimates despite EPS beat
Wells Fargo beat on first-quarter EPS but missed revenue, net-interest-income and margin expectations, leaving a mixed earnings read despite stronger loan and deposit balances.
From the sources (7 posts)
@financialjuiceWells Fargo Q1 2026 Earnings $WFC Rev. $21.45b, est. $21.76b EPS $1.60, est. $1.57 Net interest income $12.10b, est. $12.27b Total average loans $996.08, est. $980.17b Corporate and investment banking rev. $5.28b Efficiency ratio 67%, est.
@firstsquawkWELLS FARGO REPORTED Q1 REVENUE OF USD 21,446 MILLION, LOWER THAN THE EXPECTED USD 21,797 MILLION. THE Q1 RETURN ON EQUITY WAS 12.2% AND NET INCOME REACHED USD 5,253 MILLION. CREDIT LOSS PROVISION STOOD AT USD 1,135 MILLION. EARNINGS PER SH
@alphasenseinc$WFC Earnings: - Net Income of $5.3 billion, or $1.60 per Diluted Share - Revenue: $21.4 billion - Banking was up 11% driven by higher loan and deposit balances and higher investment banking revenue, partially offset by the impact of lower
@wallstengineWELLS FARGO $WFC Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $21.45B (Est. $21.76B) 🔴; UP +6% YoY 🔹 EPS: $1.60 (Est. $1.57) 🟢; UP +15% YoY 🔹 Net Interest Income: $12.10B (Est. $12.27B) 🔴; UP +5% YoY 🔹 Total Average Loans: $996.0B (Est. $980.17B)
@businessWells Fargo missed estimates for its primary income streams even as the banking industry saw the biggest jump in corporate borrowing in more than three years
@businessWells Fargo said its exposure to private-credit firms was roughly $36.2 billion in the first quarter, offering details on a category closely watched by investors
@thetranscript_Wells Fargo CEO: "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" $