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Wells Fargo (WFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended June 2026, Wells Fargo (WFC - Free Report) reported revenue of $22.62 billion, up 8.6% over the same period last year. EPS came in at $1.96, compared to $1.54 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $21.8 billion, representing a surprise of +3.76%. The company delivered an EPS surprise of +13.3%, with the consensus EPS estimate being $1.73.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Wells Fargo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average Balance - Total interest-earning assets: $2044.61 billion versus the five-analyst average estimate of $2037.35 billion.
  • Book value per common share: $54.48 compared to the $53.96 average estimate based on five analysts.
  • Return on equity (ROE) - Financial Ratios: 15% compared to the 12.8% average estimate based on five analysts.
  • Return on assets (ROA) - Financial Ratios: 1.2% versus the five-analyst average estimate of 1%.
  • Efficiency Ratio: 60% versus 63.2% estimated by five analysts on average.
  • Net loan charge-offs as a % of average total loans (annualized): 0.3% versus 0.4% estimated by five analysts on average.
  • Net interest margin on a taxable-equivalent basis: 2.4% compared to the 2.4% average estimate based on five analysts.
  • Total nonperforming assets: $7.94 billion versus $8.92 billion estimated by four analysts on average.
  • Total nonaccrual loans: $7.64 billion versus $8.62 billion estimated by four analysts on average.
  • Net loan charge-offs: $876 million versus $1.15 billion estimated by four analysts on average.
  • Common Equity Tier 1 (CET1) - Standardized Approach: 10.3% versus 10.1% estimated by three analysts on average.
  • Tier 1 Leverage Ratio: 6.9% versus the three-analyst average estimate of 6.9%.

View all Key Company Metrics for Wells Fargo here>>>

Shares of Wells Fargo have returned +5.5% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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