Key Highlights

  • Wells Fargo (NYSE:WFC) is expected to report third quarter 2026 results before the open on October 13, 2026, with Options pricing a move of about 5.0% to 5.1% for the report.
  • The July 14, 2026 report, when options priced about 4.9%, was followed by a 2.7% closing decline, which shows the market can move against a strong quarter for Wells Fargo (NYSE:WFC).
  • Second quarter Net Income rose 17% to USD 6.41 billion and diluted EPS rose 25% to USD 2.00 on Revenue of USD 22.62 billion, up 9%.
  • The CET1 ratio was 10.3%, down from 11.1% a year earlier, as the bank repurchased 37.4 million shares for USD 3.0 billion and average loans grew 12% to USD 1,026.5 billion.

The Setup for the Report

Wells Fargo (NYSE:WFC) is due to report third quarter results on October 13, 2026, according to company Investor relations pages checked earlier in this batch, although one options analysis page lists October 14, so readers should confirm the date before acting. Other large banks report around the same days, which can shift sector sentiment. That page, dated October 7, said options price 5.1%, while a topic note reported about 5.0%. The page said the realized peak move exceeded the implied move in 12 of 16 reports with recorded implied moves. In July the stock closed down 2.7% after a 4.4% intraday dip. The stock was reported near USD 80.22 on October 7, which was not verified. The page also gave a ten-year average peak move of 5%, close to the current implied level.

What the Second Quarter Showed

Net interest income, the gap between what the bank earns on loans and pays on deposits, rose 5% to USD 12.32 billion. Noninterest expense rose only 2% to USD 13.66 billion, which helped return on tangible common Equity reach 17.7%, up from 15.2%. Provision for Credit losses fell 9% to USD 914 million. Average deposits grew 10% to USD 1,465.6 billion. Second quarter EPS included USD 0.04 of discrete tax benefits. The USD 3.0 billion repurchase of 37.4 million shares implies an average price near USD 80.21, simple arithmetic, close to the reported recent price, so Buybacks have recently been executed near current levels. Published estimates near USD 1.84 to USD 1.85 sit below the second quarter's USD 2.00.

Risks and What to Watch

Risks for Wells Fargo (NYSE:WFC) include pressure on net interest income if rates change, credit quality in consumer and Commercial Real Estate lending, and the lower CET1 ratio of 10.3%, which limits how fast the bank can return capital. Investors should watch net interest income guidance, expense control, Loan growth, deposit costs, credit quality and buyback pace. The report comes with September CPI due on October 14, 2026 at 8:30 a.m. ET and the Fed meeting on October 27 to 28. The 10-year Treasury Yield near 5.3% affects both bank Earnings and valuations. Options-implied moves are not predictions and can miss badly. This is not Investment advice.

Where Things Stand

Wells Fargo (NYSE:WFC) could move about 5.0% to 5.1% either way, according to options pricing, which is close to what was priced in July. After a strong second quarter, expectations are higher, and published estimates look stale, so the direction is uncertain. The balance of evidence is mixed: profit growth and buybacks are strong, but Capital ratios are lower and the stock fell after the last strong report.