# Wells Fargo Stock Slips as Third-Quarter Revenue and Capital Markets Miss Expectations

- URL: https://stocks.freetheai.org/news/wells-fargo-stock-slips-as-third-quarter-revenue-and-capital-markets-miss-2c6b50
- Published: 2026-10-13T11:15:55Z
- Category: earnings; sentiment: mixed; impact: medium
- Symbols: [NYSE:WFC](https://stocks.freetheai.org/symbols/NYSE-WFC)
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Wells Fargo & Company (NYSE:WFC) reported third-quarter results that topped earnings expectations but fell short on revenue. Diluted earnings per share rose to $1.87 from $1.66 in the same period last year, beating analyst estimates of $1.85. Total quarterly revenue increased to $21.87 billion from $21.44 billion a year ago, trailing analyst projections of $22.28 billion.

The revenue shortfall was driven by weaker performance in investment banking and corporate functions. Corporate and Investment Banking revenue rose 3% to $5.01 billion, below expectations of $5.41 billion, while lower venture capital revenue and reduced lease income following the sale of the rail car leasing business also weighed on results. Conversely, Consumer Banking and Lending revenue grew 5% to $10.66 billion, and Wealth and Investment Management revenue rose 12% to $4.10 billion. Net interest income climbed 5% to $12.52 billion, though it remained slightly below expectations.

Looking ahead, the bank maintained its full-year 2026 net interest income target of approximately $50 billion. For the fourth quarter, net interest income is projected at around $13 billion, slightly above analyst forecasts of $12.82 billion. Investors will monitor consumer spending trends, loan growth, and management commentary during the company's scheduled conference call.

## Key points

- Diluted earnings per share increased to $1.87 from $1.66 a year earlier, beating analyst estimates of $1.85.
- Total revenue rose to $21.87 billion from $21.44 billion last year, falling short of the $22.28 billion consensus.
- Corporate and Investment Banking revenue reached $5.01 billion, trailing expectations of $5.41 billion.
- Wells Fargo reiterated its full-year 2026 net interest income guidance of around $50 billion.

## Questions and answers

### Did Wells Fargo beat earnings expectations in Q3 2026?

Yes, Wells Fargo reported diluted earnings per share of $1.87 for the third quarter, beating analyst consensus estimates of $1.85.

### Why did Wells Fargo stock fall after its Q3 report?

Shares declined because total revenue of $21.87 billion missed expectations of $22.28 billion, weighed down by weaker capital markets and investment banking performance.

### What is Wells Fargo's net interest income guidance for 2026?

Wells Fargo maintained its full-year 2026 net interest income guidance at approximately $50 billion and expects fourth-quarter net interest income to be around $13 billion.