Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Wells Fargo delivered solid Q1 FY2026 results with net income rising 7.3% YoY to $5.25B and diluted EPS up 15.1% to $1.60, supported by a dramatic swing to positive operating cash flow of $9.14B.
EPS (Diluted)
$1.60
+15.11% YoY
Source: SEC XBRL
Wells Fargo & Company (WFC) generated $9.14B of operating cash flow in Q1 FY2026. WFC's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.00 | 1.74 | Beat +15.2% |
| Mar 2026This filing | 1.60 | 1.60 | Beat +0.1% |
| Dec 2025 | 1.62 | 1.69 | Miss -4.0% |
| Sep 2025 | 1.66 | 1.56 | Beat +6.4% |
Reported EPS of $1.60 versus the $1.60 analyst consensus — a +0.1% beat for Mar 2026.
Compiled by AI from this SEC filing
Net income increased 7.3% YoY to $5.25B in Q1 FY2026, while diluted EPS surged 15.1% to $1.60 (from $1.39), reflecting both improved profitability and the benefit of ongoing share buybacks reducing the share count.
Source: 10-Q Income Statement
Operating cash flow swung dramatically from -$11.04B in Q1 FY2025 to +$9.14B in Q1 FY2026, a YoY improvement of $20.18B, signaling a significant improvement in the company's core cash generation capacity.
Source: 10-Q Cash Flow Statement
Total assets grew 13.1% YoY to $2.21T, while total liabilities rose 14.6% to $2.03T, indicating meaningful balance sheet expansion, likely driven by increased lending activity and deposit growth, though leverage has increased modestly.
Source: 10-Q Balance Sheet
Wells Fargo repurchased $4.0B in shares during Q1 FY2026, up 14.3% from $3.5B in Q1 FY2025, demonstrating continued commitment to returning capital to shareholders and contributing to EPS growth through share count reduction.
Source: 10-Q Cash Flow Statement
Investing cash outflows deepened to -$55.57B from -$27.51B in Q1 FY2025 (a 102% increase in outflows), suggesting significant deployment of capital into securities or loan portfolios, which was largely funded by $47.1B in financing inflows.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
Wells Fargo's debt-to-equity ratio stands at approximately 11.35x, which is characteristic of large banks but reflects significant leverage. A deterioration in asset quality or an unexpected credit event could disproportionately impact equity holders given the thin equity cushion relative to total assets.
Source: 10-Q Balance Sheet, Key Ratios
Stockholders' equity fell 1.5% YoY to $178.4B despite positive net income, suggesting that capital returns (buybacks and dividends) and/or other comprehensive income losses are outpacing earnings retention. Continued erosion of the equity base could constrain future capital flexibility.
Source: 10-Q Balance Sheet
Total assets expanded by $255.4B (13.1% YoY) to $2.21T, financed in part by $47.1B in net financing inflows. Rapid balance sheet growth funded by wholesale or short-term sources could expose the bank to liquidity and refinancing risk if market conditions tighten.
Source: 10-Q Balance Sheet and Cash Flow Statement
ROA of approximately 0.24% is relatively thin, meaning the bank generates only $0.24 in net income for every $100 of assets. As the asset base expands rapidly, maintaining or improving ROA will be critical; failure to do so could signal declining asset productivity.
Source: 10-Q Key Ratios
Wells Fargo has historically operated under a Federal Reserve-imposed asset cap. The rapid 13.1% YoY growth in total assets to $2.21T warrants monitoring for any regulatory implications, as breaching or approaching regulatory thresholds could limit future growth or require remediation actions.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Income $B | 5.25 $B | 4.89 $B | +7.34% |
EPS (Basic) $ | 1.62 $ | 1.41 $ | +14.89% |
EPS (Diluted) $ | 1.60 $ | 1.39 $ | +15.11% |
Answers draw on this SEC filing and the data on this page
No financial data or filing text was provided for WFC's 2026-Q2 10-Q, so no substantive analysis of results can be generated for this period.
Wells Fargo delivered solid FY2025 earnings with net income rising 8.2% to $21.3B and EPS surging 16.8% to $6.34, driven by share buybacks and operational improvements, though operating cash flow turned sharply negative at -$19.0B.
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