Wells Fargo announced its second‑quarter 2026 results, delivering earnings per share of $2.00, well above the $1.72 consensus forecast. Total revenue for the quarter was $22.62 billion, exceeding the $21.87 billion estimate. Interest income rose approximately 5% year‑over‑year, while Markets revenue surged roughly 24% YoY. Corporate and Investment Banking revenue grew 16% YoY and Wealth and Investment Management revenue increased 13% YoY, indicating broad‑based growth across operating segments. Total expenses rose modestly by 2% YoY, with non‑revenue‑related expenses declining year‑over‑year, generating positive operating leverage. The bank maintained its full‑year guidance unchanged despite the strong performance. It announced an 11% increase in the upcoming third‑quarter common‑stock dividend, raising it to $0.50 per share, and disclosed a $3 billion common‑stock repurchase program executed during the quarter. Shares initially rose in pre‑market trading but reversed, sliding almost 2% at the market open, suggesting investors had anticipated an upgrade to full‑year guidance. Raymond James analyst Michael Rose noted the results reinforce the bank’s investment framework and signal progress away from regulatory remediation toward execution of its growth strategy.