Wells Fargo & Co.
WFC
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+ FollowMarket Cap$253.53B
Close$
Earnings Call Q2 2026
July 14, 2026 - AI Summary
Strong Q2 earnings and broad-based growth (good)
- Diluted EPS $2.00, up 25% YoY; net income $4.1B, up 17% YoY.
- Revenue +9% YoY; every operating segment reported higher net interest income and noninterest income.
- Net interest income (NII) +5% YoY; noninterest income +13% YoY (total noninterest income >$10B).
Net interest margin (NIM) headwind but expected stabilization (good with a caveat)
- NIM declined 4 bps QoQ and has been pressured by growth in interest-bearing deposits and markets business growth (lower spread activity).
- Management outlook: modest NIM compression in Q3, “broadly in line” with the Q2 decline, and stabilization in Q4 (i.e., not ongoing sharp deterioration expected).
- Markets NII is inherently variable; they aim to keep it contained via balance sheet optimization and pacing.
Expense discipline continues; efficiency still a major driver (good)
- Noninterest expense +2% YoY, but efficiency ratio improved to 60% (down 4 pts YoY).
- Headcount down for 24 consecutive quarters; down 79k vs ~6 years ago, 15k vs last year, 3.5k vs prior quarter (supports cost control while funding growth).
- Expense growth partly reflects revenue/incentive compensation and investment in tech/marketing/cyber, but non–revenue-related expenses declined YoY.
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$-1.71
102% downside
Current Fair Value
102% downsideOvervalued by 102% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $253.53 Billion |
|---|---|
| Enterprise Value | $509.30 Billion |
| Dividend Yield | $1.85 (2.21%) |
| Earnings per Share | $6.39 |
| Beta | 0.92 |
| Outstanding Shares | 3,049,505,000 |
Return
| Return on Equity | 12.57% |
|---|---|
| Return on Assets | 0.99% |
| Return on Invested Capital | 6.11% |
Valuation & Multiples
| P/E Ratio | 11.96 |
|---|---|
| PEG | 71.97 |
| Price to Sales | 2.02 |
| Price to Book Ratio | 1.44 |
| Enterprise Value to Revenue | 3.94 |
| Enterprise Value to EBIT | 18.63 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.9 |
| Debt to Equity | 2.55 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 21, 2026
EPS Estimate
$1.75
Average shareholder expectationRevenue Estimate
$21.79 B
Average shareholder expectationNext Earnings Call
Expected Date
October 13, 2026
EPS Estimate
$1.84
Average shareholder expectationRevenue Estimate
$22.37 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 1.4169▲ 12.66% |
|---|---|
| Total Calls | 25,443,375▼ 12.03% |
| Total Puts | 36,050,944▼ 3.40% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 86.15%▲ 13.34% |
|---|---|
| Total Invested | $199.20B▲ 8.28% |
| Investors Holding | 2,963▲ 39.00% |
ESG Score
No data
About Wells Fargo & Co.
258,700 employees
CEO: Charles Scharf Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. It provides a diver...