Wells Fargo Q2 profit beats estimates on interest income

Wells Fargo reported a significant increase in second-quarter profit on Tuesday, July 14, 2026, beating analyst expectations as strong loan growth and a surge in trading and investment banking revenue boosted its earnings. The San Francisco-based bank announced net income of $6.41 billion, or $2.00 per share, for the three months ended June 30, a 17 percent increase from the same period a year earlier.

The results surpassed the consensus earnings estimate of $1.72 per share. Total revenue rose 9 percent year-over-year to $22.6 billion. The performance was driven by a 5 percent increase in net interest income, which reached $12.32 billion, supported by a 12 percent jump in average loans. Noninterest income climbed 13 percent to $10.3 billion.

In a statement, Chief Executive Officer Charlie Scharf pointed to broad economic strength. He said consumer spending is higher, charge-offs and delinquencies are lower, and savings and investments are growing. He noted that while businesses remain cautious, their balance sheets and cash flows are strong, resulting in solid credit performance.

The bank's trading division saw particularly strong results, with markets revenue jumping 24 percent...