Wealth, Investment Net Income Rises At Wells Fargo Vs Year Ago In Q1 2026

Editorial Staff

15 April 2026

The wealth and investment management division of Wells Fargo yesterday reported net income of $468 million in the first quarter of 2026, rising from $349 million a year ago but falling from $565 million in the final quarter of 2025.

Total client assets stood at $2.483 billion at the end of March, the San Francisco-headquartered bank said in a statement. This rose 11 per cent from the same period a year earlier.

Net interest income rose 24 per cent, driven by lower deposit pricing and higher deposit and loan balances. Noninterest income rose by 11 per cent.

Across the whole of the bank, net income rose to $5,253 billion from $4.894 billion. At the end of March, the bank’s Common Equity Tier 1 ratio was 10.3 per cent, falling from 11.1 per cent a year before.

“We saw continued positive impacts from the investments we have been making with diluted earnings per share increasing 15 per cent, revenue increasing 6 per cent, loans increasing 11 per cent, and deposits increasing 7 per cent compared to a year ago,” chairman and CEO Charlie Scharf said.