Wells Fargo reported higher year-on-year net interest income and net income for Q3 2026, reaffirmed its full-year net interest income guidance of around US$50b, and named Cayetano Gea Carrasco head of AI and Data for Consumer Banking and Lending. The bank is combining balance sheet income with fee initiatives such as digital personalization, tokenized deposit payments and a planned U.S. dollar stablecoin, while managing higher commercial real estate and consumer loan charge-offs. The article says AI could sharpen underwriting and limit losses in newer credit card books, though slow delivery could limit the benefits. It adds that the earnings beat does not materially change the balance between catalysts and risks, mainly margin compression and credit costs. The narrative projects US$103.9b revenue and US$24.0b earnings by 2029, implying a US$2.0b rise from US$22.0b today.
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