Overview
- Wells Fargo reported fourth‑quarter net income of $5.4 billion and earnings per share of $1.62 on revenue of $21.3 billion.
- Management cited 20% growth in new credit card accounts, a 19% increase in auto lending balances, 12% commercial loan growth, and a 14% rise in investment banking fees as key drivers.
- The bank guided for higher net interest income in 2026 and mid‑single‑digit growth in loans and deposits, contingent on a few Federal Reserve rate cuts and steady long‑term rates.
- Leadership reiterated targets for a 17%–18% return on tangible common equity and a 10.0%–10.5% CET1 ratio to support more assertive capital deployment.
- Quarterly results included a $0.14 per‑share severance impact and arrive as customer complaints continue to underscore reputational risk.