Wells Fargo (WFC) reported that its fourth quarter net income increased to $5.36 billion from $5.08 billion, a year ago. Earnings per common share was $1.62 compared to 1.43. Net income, excluding severance expense, was $5.8 billion, or $1.76 per share, for the quarter.
Fourth quarter total revenue increased to $21.29 billion from $20.38 billion, prior year. Net interest income increased to $12.33 billion from $11.84 billion. Net interest income increased 4%, driven by higher loan and investment securities balances, improved results in Markets business, and fixed rate asset repricing, partially offset by deposit mix changes. Noninterest income increased 5%.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.