Wells Fargo Q3 Earnings on the Deck: What's in Store for the Stock?

Wells Fargo is expected to report Q3 2026 revenues of $22.15 billion (3.3% YoY growth) and earnings of $1.85 per share (6.9% improvement). The bank should benefit from rising net interest income supported by lending activity and stabilized funding costs, plus higher investment banking and advisory fees. However, mortgage banking revenues are expected to decline 9.9% due to high mortgage rates and low affordability. Asset quality concerns persist amid geopolitical uncertainty and elevated interest rates. The quantitative model does not conclusively predict an earnings beat.