Earnings call briefThird-quarter 2026
Wells Fargo says 2026 revenue-related expenses are about $400 million higher
The company also said it still expects 2026 noninterest expense of approximately $55.7 billion, and net interest income of $50 billion, plus or minus.
GetSignal Wells Fargo WFC
Wells Fargo said on its third-quarter call that full-year 2026 revenue-related expenses are now approximately $400 million above the original level. The company said its efficiency work is generating savings across the company that offset the higher revenue-related expense. Chief Financial Officer Michael Santomassimo said fourth-quarter net interest income is expected to be approximately $13 billion, with net interest margin stable from the third quarter.
Quotes from the call
“While full year revenue-related expenses are expected to be approximately $400 million above our original expectations, driven by strong business growth in equity markets, our ongoing focus on improving efficiency is generating more savings across the company, allowing us to offset the higher revenue-related expense.”
Key facts from the call
- Expected fourth-quarter net interest income
- Approximately $13 billion
- 2026 net interest income outlook
- $50 billion, plus or minus
- 2026 noninterest expense outlook
- Approximately $55.7 billion
- 2026 revenue-related expense outlook
- Approximately $400 million above the original level
Source: Wells Fargo's third-quarter 2026 earnings call, October 13, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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