Introduction: Wells Fargo & Co. reported its second‑quarter 2026 results on Thursday, posting revenue and profit figures that exceeded analyst expectations and sent shares higher in after‑hours trading. The bank’s performance reflects a combination of loan‑growth momentum, disciplined expense management, and a rebound in fee‑based income that together underline a renewed confidence in its turnaround plan.
Key Developments: Net interest income rose 7.2% year‑over‑year to $22.4 billion, driven by a 5.8% increase in average loan balances and a modest widening of the net interest margin to 3.12%. Non‑interest income climbed 4.5% to $6.9 billion, buoyed by stronger investment‑banking fees and a recovery in wealth‑management assets under management, which grew to $1.9 trillion. Provision for credit losses remained flat at $ 顶: 31129踩: 4565
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