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المشهد العربي
Wells Fargo Q2 profits surpass forecasts
Wells Fargo Bank announced strong results for the second quarter of 2026, surpassing expectations thanks to higher trading revenues and an increase in the loan portfolio. Revenues grew by 8.6% annually to $22.62 billion, while net income rose by 16.7% to $6.41 billion. Net interest income also increased by 5%, reaching $12.32 billion, and profits from the global markets sector improved by 24% to $2.21 billion, supported by continued strong consumer spending and a decline in loan defaults.
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