Wells Fargo's first quarter 2026 EPS of $1.60 beats estimates while revenue grew 6% year-over-year.

Wells Fargo reported first quarter 2026 revenue of $21.45 billion, a 6% year-over-year increase, and diluted EPS of $1.60. The results reflect broad-based growth across all of the bank's operating segments, with continued balance sheet expansion following the removal of its asset cap.

Key Highlights

• All operating segments reported year-over-year revenue growth, including a 14% increase in Wealth and Investment Management and a 7% increase in both Consumer Banking and Commercial Banking.
• Average loans grew 10% from the prior year to $996.0 billion, while average deposits increased 6% to $1.42 trillion.
• The bank returned $4.0 billion to shareholders via common stock repurchases during the quarter, buying back 46.3 million shares.