Wells Fargo achieves net profit of $5.95 billion in the third quarter 2026
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اقرأ بالعربيةWells Fargo bank announced net profit of $5.95 billion in the third quarter of 2026, with diluted earnings per share of $1.87.
What this means
Wells Fargo, one of the largest U.S. banks, released its financial results for the third quarter of 2026, showing profitability of approximately $6 billion. Diluted earnings per share (EPS) is each share's portion of profits after accounting for all potential shares, and reached $1.87. The bank generated revenue from two main sources: net interest income (the difference between interest earned on loans and the cost of deposits) reached $12.5 billion, and non-interest income (service fees and investments) reached $9.4 billion. In contrast, the bank recorded non-interest operating expenses of $13.7 billion, set aside a provision for potential credit losses of $1.03 billion, while actual charge-offs for non-performing loans reached $983 million. These figures reflect the bank's ability to generate profits despite operating costs and credit risks.
Details
Wells Fargo (WFC) announced its financial results for the third quarter of 2026, according to the company's filing with the U.S. Securities and Exchange Commission. **Profits and Earnings Per Share** The bank achieved net profit of $5.95 billion during the quarter, while diluted earnings per share reached $1.87, according to the company's filing. **Revenue** The bank recorded net interest income (the difference between interest revenue from loans and interest expense on deposits) of $12.5 billion. It also generated non-interest income (which includes banking service fees, advisory services and investments) of $9.4 billion, according to the company's filing. **Expenses and Provisions** The bank's non-interest operating expenses reached $13.7 billion during the quarter. The bank set aside a provision for potential credit losses of $1.03 billion, while net charge-offs for non-performing loans reached $983 million, according to the company's filing. The filing did not include forward-looking statements or guidance for upcoming quarters.
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