Wells Fargo Q1 2026: EPS Beats but Revenue Misses, Stock Dips
Wells Fargo posted Q1 2026 results with diluted EPS of $1.60 (above estimates) and revenue of $21.45B (below the $21.79B consensus). Revenue grew about 6.5% year over year, driven by a 5% rise in net interest income and an 8% rise in noninterest income. The bank kept its 2026 guidance for net interest income around $50B and noninterest expenses near $55.7B. CEO Charlie Scharf emphasized resilience in the economy, while the stock fell in pre-market trading; analysts’ consensus rating is Moderate Buy with a $98.50 price target, implying roughly 14% upside.
