# Wells Fargo Shares Slip as Q3 Revenue Misses Expectations Despite EPS Beat

- URL: https://stocks.freetheai.org/news/wells-fargo-shares-slip-as-q3-revenue-misses-expectations-despite-eps-beat-15c063
- Published: 2026-10-13T18:07:50Z
- Category: earnings; sentiment: mixed; impact: medium
- Symbols: [NYSE:WFC](https://stocks.freetheai.org/symbols/NYSE-WFC)
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Wells Fargo & Company (WFC) reported third-quarter revenue of $21.87 billion, falling short of Wall Street estimates of $22.31 billion and sending its stock down 2.24% to $81.45. Despite the revenue miss, the banking giant posted earnings of $1.87 per share, topping analysts' estimates of $1.85 per share. Net interest income came in at $12.52 billion, slightly below expectations as funding costs remained a key pressure point.

Underlying operational performance showed growth across key divisions despite softer capital-markets trading. Wealth and Investment Management revenue grew 12%, while Commercial Banking rose 6% and Consumer Banking and Lending gained 5%. The bank added over 660,000 new credit card accounts and expanded auto originations by 15%. Credit metrics also improved, with nonperforming assets dropping to about 0.70% of loans compared to 0.83% a year ago. Additionally, noninterest expenses declined 1%, supported by an 8% workforce reduction, while $2.5 billion in stock buybacks retired 28.6 million shares.

Investors will track funding costs and acquisition expenses to see if revenue growth can overcome ongoing pressure on interest margins. Management maintained its full-year net interest income guidance of $50 billion, projecting roughly $13 billion for the fourth quarter. Future progress will depend on maintaining credit discipline and capitalizing on deeper client relationships across consumer and wealth services.

## Key points

- Wells Fargo reported Q3 per-share earnings of $1.87, topping expectations of $1.85 per share.
- Third-quarter revenue reached $21.87 billion, missing consensus estimates of $22.31 billion.
- Wealth and Investment Management revenue rose 12%, while wealth client assets climbed 11%.
- The bank repurchased $2.5 billion in stock during the quarter, retiring 28.6 million shares.
- Full-year net interest income guidance was maintained at $50 billion, with Q4 expected at about $13 billion.

## Questions and answers

### Why did Wells Fargo stock drop on October 13, 2026?

Wells Fargo stock fell after the bank reported third-quarter revenue of $21.87 billion, missing expectations of $22.31 billion due to pressure from funding costs and lower trading gains.

### Did Wells Fargo beat earnings expectations in Q3?

Yes, Wells Fargo earned $1.87 per share in the third quarter, surpassing the Wall Street consensus estimate of $1.85 per share.

### What is Wells Fargo's net interest income guidance for the full year?

Wells Fargo reaffirmed its full-year net interest income outlook of $50 billion, with fourth-quarter net interest income expected to reach roughly $13 billion.