Wells Fargo sees 2026 loan growth above prior plan as shares rise 1.5%

  • Wells Fargo expects 2026 loan growth to exceed its previous mid-single-digit forecast.
  • Wells Fargo shares rose 1.5% in U.S. morning trading on the 15th.
  • Wells Fargo maintained forecasts for $50 billion of NII and $55.7 billion of expenses.

Wells Fargo expects full-year 2026 loan growth to exceed its previous mid-single-digit forecast, Chief Financial Officer Mike Santomassimo said at the Barclays Global Financial Services Conference on the 15th. He described U.S. consumer and credit trends as healthy, said the economy continued to expand and reported no signs of deterioration in delinquency trends. Wells Fargo shares rose 1.5% in U.S. morning trading. The bank reported approximately 12% year-over-year growth in average loans in the second quarter, released in July. Santomassimo said debt-to-income ratios were very good overall, although middle-market business customers remained cautious about business decisions. Wells Fargo kept its full-year forecasts unchanged, including net interest income of approximately $50 billion and expenses of approximately $55.7 billion. Third-quarter net interest margin could exceed initial expectations, while investment banking fees, market-related revenue and trading revenue are each expected to increase in the mid-single digits.

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