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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.