Wells Fargo Q2 2026 net income up 17% to $6.4B; settles diversity suits for $85M

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Net income rose 17% YoY to $6.4 billion ($2.00 EPS) on higher revenue from both net interest income and noninterest income, with improved commercial credit quality (net charge-offs down to 10 bp from 18 bp).

  MD&A: Financial Performance verify on EDGAR →
• high

  Settled two diversity-related lawsuits (securities fraud and shareholder derivative) for $85 million total; home mortgage discrimination class certification denied on appeal; reasonably possible loss range lowered $500M to $1.5B.

  Legal Proceedings verify on EDGAR →
• high

  CET1 ratio declined to 10.26% from 11.13% YoY as balance sheet growth (RWAs up 9%) and capital returns outpaced earnings, but remains well above the 8.50% regulatory minimum (down from 9.70% as stress capital buffer fell to 2.50%).

  MD&A: Capital Management verify on EDGAR →