Wells Fargo
Oct 11, 2026, 11:13 PM PDT
Shortcut
1.85Shortcut normalized EPS
+1.0% vs Street
Street
1.83Street normalized EPS
Frozen October 11 snapshot
Real
1.87Reported diluted EPS
Shortcut win
Shortcut off by $0.02 · Street off by $0.04.
The model assumes no GAAP-to-normalized adjustments. Reported EPS is $1.87 and includes a $170 million discrete tax benefit. No separately reconciled adjusted EPS is provided in the release.
Issuer earnings release ↗Explore the model.
Open the assumptions and calculations behind this earnings forecast.
Behind the estimate.
Net interest income follows management’s annual guidance, with modest earning-asset growth and nearly flat net interest margin. Higher wealth advisory assets support fee income.
Expenses track the annual guide, while credit provisions include a modest reserve build. A 19% tax rate and assumed buybacks leave EPS slightly above consensus.
Forecast and independent review: Opus 5.5 High in Shortcut.
Model assumptions and review notes
- Net interest margin uses actual days divided by 365. A one-basis-point change moves forecast EPS by approximately $0.014.
- Segment and consolidated average balances are independent assumptions. Their implied Corporate allocation is not an independently validated forecast.
On the record.
- Reporting period
- Q3 2026, ended 2026-09-30
- Reporting basis
- Normalized diluted EPS per common share, USD; forecast equals GAAP EPS with zero forecast notable-item adjustments
- Published
- Oct 11, 2026, 11:13 PM PDT
- Model / effort
- Opus 5.5 · High effort
Original forecasts, models and publication times remain on the record.
Research sources
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000288/wfc2qer07-14x26ex992xsuppl.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000288/wfc2qer07-14x26ex991xrelea.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000288/ex993-wellsfargo2q26pres.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000213/wfc1qer04-14x26ex992xsuppl.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000213/wfc1qer04-14x26ex991xrelea.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex992xsuppl.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297126000009/wfc4qer01-14x26ex991xrelea.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297125000170/wfc2qer07-15x25ex991xrelea.htm
- https://www.sec.gov/Archives/edgar/data/72971/000007297125000101/wfc1qer04-11x25ex991xrelea.htm
- https://www.fool.com/earnings/call-transcripts/2025/10/14/wells-fargo-wfc-q3-2025-earnings-call-transcript/
- https://data.sec.gov/api/xbrl/companyconcept/CIK0000072971/us-gaap/NetCashProvidedByUsedInOperatingActivities.json
- https://stockanalysis.com/stocks/wfc/transcripts/742320-barclays-24th-annual-global-financial-services-conference/
- https://www.americanbankingnews.com/2026/09/18/wells-fargo-sees-strong-consumer-growth-momentum-after-asset-cap-lift.html
- https://ca.investing.com/news/transcripts/earnings-call-transcript-wells-fargo-tops-q2-2026-estimates-as-revenue-climbs-93CH-4733617
- https://finance.yahoo.com/markets/stocks/articles/wells-fargo-wfc-q3-earnings-121520212.html
- https://www.morningstar.com/news/marketwatch/202610115/bank-earnings-to-shed-the-first-light-on-how-2
- https://stockanalysis.com/stocks/wfc/market-cap/
- https://www.financialcontent.com/quote/NY:WFC/historical
- https://www.reuters.com/world/jpmorgan-expects-investment-banking-trading-shine-third-quarter-2026-09-15/
- https://www.morningstar.com/stocks/wells-fargo-earnings-shares-rise-6-encouraging-2025-nii-expense-guidance
- https://newsroom.wf.com/news-releases/news-details/2026/Wells-Fargo-to-Announce-Third-Quarter-2026-Earnings-on-Oct--13-2026/default.aspx
- https://www.el-fondo.com/en/news/wells-fargo-reports-third-quarter-results-on-tuesday