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Wells Fargo to ramp up AI, digital investments in 2026

Bank forecasts $1.1B in incremental tech expenses this year

Quinn DonoghuebyQuinn Donoghue
January 14, 2026
in Banking
Reading Time: 3 mins read
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Wells Fargo is prioritizing AI and technology investments in 2026 as part of its efficiency initiatives.   The company continues to explore new technologies to “drive better automation” and streamline operations, Chief Financial Officer Michael Santomassimo said today during the $2.1 trillion bank’s fourth-quarter earnings call.   Wells Fargo projects total expenses to increase 1.6% year over year in 2026 to $55.7 billion, including $1.1 billion in incremental technology expenses, according to its earnings presentation.  The […]

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Tags: artificial intelligence (AI)earningsgen AINewsPremiumWells Fargo
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