Wells Fargo (WFC) Q3 Earnings and Revenues Surpass Estimates

Core Insights - Wells Fargo (WFC) reported quarterly earnings of $1.73 per share, exceeding the Zacks Consensus Estimate of $1.55 per share, and up from $1.52 per share a year ago, representing an earnings surprise of +11.61% [1] - The company achieved revenues of $21.44 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.15% and increasing from $20.37 billion year-over-year [2] - Wells Fargo's stock has increased approximately 12.4% since the beginning of the year, compared to a 13.1% gain in the S&P 500 [3] Earnings Outlook - The future performance of Wells Fargo's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.57 on revenues of $21.27 billion, and for the current fiscal year, it is $6.07 on revenues of $83.5 billion [7] Industry Context - The Financial - Investment Bank industry, to which Wells Fargo belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Wells Fargo's stock performance [5][6]