{
  "id": 14233919,
  "title": "Earnings call transcript: Wells Fargo tops Q3 2026 EPS forecast, revenue misses",
  "url": "https://urgent.news/2026/10/13/earnings-call-transcript-wells-fargo-tops-q3-2026-eps-forecast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T15:42:37.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-wells-fargo-tops-q3-2026-eps-forecast-revenue-misses-93CH-4947217"
  },
  "original_language": "en",
  "account": "Wells Fargo reported third-quarter 2026 earnings of $1.87 per share, slightly above the $1.84 forecast, while revenue came in at $21.87 billion, falling slightly short of the $22.31 billion estimate. The bank's earnings rose 13% from a year ago, driven by strong loan and deposit growth, increased fee income, and disciplined cost management. Return on tangible common equity improved to 16.3%, nearing the bank's 17% to 18% target. The company's revenue growth was broad-based, with gains in wealth and investment management, commercial banking, consumer banking, and corporate and investment banking. However, markets revenue remained flat, and lower venture capital gains and lease income weighed on results. Wells Fargo's full-year 2026 guidance includes net interest income of about $50 billion and non-interest expenses of roughly $55.7 billion. Management highlighted strategic initiatives, such as expanded use of AI and tokenized deposits, as growth drivers for the future. The stock closed at $82.52, down 0.96% from the prior close, indicating cautious investor sentiment following a mixed results quarter.",
  "summary": null,
  "key_points": [
    "Wells Fargo earnings per share topped forecast at $1.87",
    "Revenue missed estimate at $21.87 billion",
    "Strategic AI use and tokenized deposits identified as growth drivers"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Wells Fargo earned $5.95 billion in Q3 as loan losses stayed low",
        "url": "https://urgent.news/2026/10/13/wells-fargo-earned-5-95-billion-in-q3-as-loan-losses-stayed-low",
        "published": "2026-10-13T12:20:25.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "JPMorgan, Goldman Sachs, Citigroup and Wells Fargo post strong profits, but warn rising interest rates and ‘sticky inflation’ will bite",
        "url": "https://urgent.news/2026/10/13/jpmorgan-goldman-sachs-citigroup-and-wells-fargo-post-strong-profits",
        "published": "2026-10-13T15:09:28.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Citigroup beats Q3 2026 estimates as stock slips",
        "url": "https://urgent.news/2026/10/13/earnings-call-transcript-citigroup-beats-q3-2026-estimates-as-stock",
        "published": "2026-10-13T16:35:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}