Wells Fargo GAAP EPS of $1.87 beats by $0.01, revenue of $21.87B misses by $450M
- Wells Fargo press release (WFC): Q3 GAAP EPS of $1.87 beats by $0.01.
- Revenue of $21.87B (+2.0% Y/Y) misses by $450M.
- ROTCE4 increased from 14.7% during the first nine months of 2025 to 16.2% during the same period this year and 16.3% in the third quarter. Both average loans and average deposits increased 11% from a year ago.
- Provision for credit losses in third quarter 2026 included an increase in the allowance for credit losses, reflecting a higher allowance for commercial and industrial loans and auto loans driven by higher loan balances, partially offset by a lower allowance for commercial real estate loans
- Shares -2.4% PM.
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