WFWFCEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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WFC earnings call: We still expect net interest income for full year 2026 to be $50 billion, plus or minus.富国银行 (WFC) 电话会：我们仍预计2026年全年净利息收入为500亿美元左右。
Management remarks
Call period: 2026 Q3 · 2026-10-13
Guidance: Michael Santomassimo: We still expect net interest income for full year 2026 to be $50 billion, plus or minus.
Demand and orders: Charles Scharf: Loan demand continues and credit remains strong with only 18 basis points of losses in the third quarter and nonaccrual loans down from both the second quarter and a year ago.
Margins: Michael Santomassimo: The net interest margin was stable from the second quarter as the benefits of loan growth and higher yields in almost all categories of interest-earning assets, including the impact of fixed asset repricing were offset by continued growth in interest-bearing deposits.
Analyst Q&A
Analyst L. Erika Penala asked: I know that they said it in context of Basel III Endgame, but I'm just wondering with the current CET1 at 10% and some of the growth opportunities that you've mentioned so far on this call, how investors should think about the buyback as a priority and absolute buyback levels relative to your CET1 today and that comment from Moody's, if that comment at all is impactful to how you're thinking about capital? Management Michael Santomassimo answered: And so -- and there's a lot to play out between sort of now and then. So I wouldn't overthink that too much. I think as you look at like our capital priorities and the way we're going to manage capital, I think we said it in our remarks again, we plan to manage capital between 10% and 10.5%. And depending on sort of what we think the growth opportunity looks like and all the risks that are out there in the quarter, we'll use buybacks as sort of that lever after we go through that assessment.
