Wells Fargo & Company (WFC) earnings date & stock reaction
WFC · Wells Fargo & Company · Financials
“Earnings per share grew to $1.87 in the third quarter, up 13% from a year ago. Our ROTCE increased from 14.7% during the first nine months of 2025 to 16.2% during the same period this year, and 16.3% this quarter.”
“At an industry conference last month, I indicated that we expected third quarter markets revenue to be up mid-single digits year-over-year. Our actual results reflected a more challenging market environment late in the quarter than we had anticipated.”
- ▲Strong Growth in Loans and Deposits
- Average loans reached $1.03 trillion, up 11% vs last year.
- Average deposits reached $1.48 trillion, up 11% vs last year.
- ▲Improved Profitability and EPS
- EPS rose to $1.87, up 13% vs last year.
- ROTCE improved to 16.3% from 15.2% in the same quarter last year.
- ▲Expense Discipline and Efficiency
- Noninterest expense declined 1% vs last year, improving the efficiency ratio to 63%.
- Headcount decreased 8% vs last year, continuing a six-year trend of quarterly reductions.
- ▼Slowdown in Markets Revenue
- Markets revenue declined slightly vs last year due to a challenging environment late in the quarter.
- Actual results fell short of the management's initial expectation of mid-single-digit growth.
- ▼Stagnant Net Interest Margin
- Net interest margin remained flat at 2.43% vs the previous quarter and down from 2.61% last year.
- Interest expense increased 9% vs last year, pressuring profitability.
- ▼Volatility in Noninterest Income
- Noninterest income fell 1% vs last year, impacted by volatile venture capital and asset sale gains.
- Equity security gains are expected to remain low in the fourth quarter.
Price after the latest report
Wells Fargo & Company (WFC) rose the day after earnings in 6 of its last 12 reports (50%), moving ±1.5% on average. It has fallen despite beating the consensus estimate 5 times.
Even when EPS beat expectations, the stock fell 5 of the last 9 times. The number alone doesn't move it.
When results drop, check the metric above vs last quarter and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
5/9 beats fell next day · watches Net interest margin · provisions · capital return
- Sep 2026 report-2.5%
- Jun 2026 report-0.5%
- Mar 2026 report+0.9%
- Dec 2025 report+2.6%
- Sep 2025 report+1.1%
- Jun 2025 report+0.5%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 9/2026 | 2026-10-13 | +0.8% | -2.5% | — |
| 6/2026 | 2026-07-28 | +16.4% | -0.5% | +0.7% |
| 3/2026 | 2026-04-30 | -2.7% | +0.9% | -1.3% |
| 12/2025 | 2026-02-25 | -2.9% | +2.6% | -2.4% |
| 9/2025 | 2025-10-31 | +12.3% | +1.1% | +0.1% |
| 6/2025 | 2025-08-05 | +10.2% | +0.5% | +0.0% |
12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Wells Fargo & Company earnings date?
The next Wells Fargo & Company (WFC) earnings report is expected Thu, January 14 around 8:00 AM ET, before the open. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
Does Wells Fargo & Company (WFC) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±1.5%.
Does Wells Fargo & Company react more to the earnings numbers or to guidance?
In 7 of the last 12 reports (58%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Wells Fargo & Company stock fall even when earnings are good?
Yes. In 5 of the last 12 reports, Wells Fargo & Company fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Wells Fargo & Company stock keep moving after the earnings day?
Over the last 11 reports, the move continued in the same direction for the following five trading days 27% of the time. This tendency is known as post-earnings announcement drift.