Wells Fargo Posts Q3 2026 Earnings With Scharf, Santomassimo Leading Call
The bank's third-quarter results provide the first detailed look at how a major US lender performed through the summer amid elevated interest rates and shifting credit conditions.
Wells Fargo and Company reported its third-quarter 2026 financial results on October 13, 2026, with Chief Executive Officer Charles Scharf and Chief Financial Officer Michael Santomassimo presenting findings to analysts on an earnings call beginning at 10:00 AM EDT, according to the Wells Fargo Q3 2026 Earnings Call Transcript published by Seeking Alpha.
The call was hosted by Director of Investor Relations John Campbell and drew questions from analysts at several major research divisions, including Truist Securities, Bernstein Autonomous, BofA Securities, Morgan Stanley, and UBS Investment Bank, per the same transcript.
Wells Fargo (ticker: WFC) is one of the four largest US commercial banks by total assets, alongside JPMorgan Chase, Bank of America, and Citigroup. Its quarterly earnings are closely watched by investors and economists as a gauge of consumer credit health, commercial lending demand, and net interest income trends across the US banking sector.
The October 13 report falls within the standard third-quarter earnings season, which runs from early to mid-October each year. Major US banks typically report in the first two weeks of October, with Wells Fargo historically releasing results alongside or shortly after JPMorgan Chase and Citigroup.
Net interest income, the difference between what a bank earns on loans and what it pays on deposits, has been a central metric for Wells Fargo in recent quarters. The Federal Reserve has held its benchmark federal funds rate in a restrictive range through much of 2025 and 2026, a policy stance that affects how much banks can earn on variable-rate loan portfolios relative to their deposit funding costs.
Wells Fargo has also been operating under a Federal Reserve-imposed asset cap, first put in place in 2018 following the bank's fake-accounts scandal. The cap limits the bank's total assets and has constrained its ability to grow its balance sheet at the same pace as peers. Whether that cap affects quarterly results remains a recurring topic in analyst questioning on earnings calls.
Credit quality metrics, including charge-off rates and loan loss provisions, are among the figures analysts scrutinize most closely in the current environment. Consumer loan portfolios, particularly credit cards and auto loans, have shown stress signals across the industry in recent quarters, as higher borrowing costs and residual inflation pressures have weighed on some borrower segments.
The Q3 2026 call included questions from Kenneth Usdin of Bernstein Autonomous, Ebrahim Poonawala of BofA Securities, Manan Gosalia of Morgan Stanley, and Erika Penala of UBS Investment Bank, among others, per the Seeking Alpha transcript. The specific questions and management responses are contained in the full transcript.
Wells Fargo shares trade on the New York Stock Exchange under the ticker WFC. The stock's reaction to the earnings report on October 13 was not specified in the available source material. Intraday price movement data would be available through NYSE market records and financial data providers.
The full financial tables accompanying the Q3 2026 earnings, including net income, revenue by segment, and per-share figures, are available in Wells Fargo's official earnings release filed with the Securities and Exchange Commission on October 13, 2026. Investors and analysts seeking precise line-item figures should consult that SEC filing directly.