Key Points – Wells Fargo posted strong Q2 2026 results, with diluted EPS up 25% year over year to $2 and revenue rising 9%.
Net income climbed 17% to $6.4 billion, helped by broad-based revenue growth across businesses and some discrete tax benefits. – Business momentum was broad across consumer, wealth, and corporate banking
Consumer banking benefited from higher checking accounts, credit cards, and auto lending, while wealth management assets topped $2.4 trillion and investment banking fees set a quarterly record above $900 million. – Credit quality and capital returns remained strong, with charge-offs improving and management maintaining its full-year outlook for roughly $50 billion in net interest income and about $55.7 billion in expenses. Wells Fargo also returned more than $9.8 billion to shareholders in the first half and plans to raise its quarterly dividend by 11% to $0.50, pending board approval. – Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard Wells Fargo & Company (NYSE:WFC) reported stronger second-quarter 2026 results, with executives pointing to broad-based revenue growth, disciplined expenses, improved credit performance and balance sheet growth following the removal of the company’s asset cap last year. Chief Executive Officer Charlie Scharf said diluted earnings per share rose 25% from a year earlier to $2, while revenue increased 9%.
Net interest income grew 5%, and non-interest income rose 13%, reflecting what Scharf described as progress toward building a more balanced revenue mix with higher fee-based revenue. – 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test “We are clearly benefiting from the economic strength we see in the U.S., but the investments we are making and our improved operating discipline drove strong momentum and continued to result in improved performance,” Scharf said. Chief Financial Officer Mike Santomassimo said net income increased 17% year over year to $6.4…