Revenue segments as reported by the company.

Interest income

Noninterest income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Interest expense

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Wells Fargo

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage products and services, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment offers banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment offers corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth & Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Wells Fargo reports Q4 progress amidst challenges, eyes growth opportunities

Wells Fargo's Q4 2022 earnings call highlighted progress in key areas despite challenges. The company is focused on enhancing customer experience, digital transformation, and operational efficiency while navigating economic uncertainties. Opportunities for growth in various business segments are being pursued strategically.

Wells Fargo reports strong Q1 earnings, focuses on credit risk

Wells Fargo's Q1 2023 earnings call highlighted strong financial performance, improvements in consumer banking, and credit risk management focus. Challenges included increasing loan charge-offs and declining deposits, particularly in commercial real estate. Opportunities exist in enhancing expense efficiency, NII stability, and capital optimization strategies.

Wells Fargo reports strong Q2 results amidst regulatory challenges

Wells Fargo's Q2 2023 results showcased improved financial metrics despite challenges like increased net charge-offs and regulatory pressures. The company's focus on risk management, strategic hires, and community initiatives present opportunities for growth and resilience. Uncertainties around Basel III impacts and NII outlook require careful navigation.

Wells Fargo reports revenue growth and strategic initiatives in Q3

Wells Fargo's Q3 performance showed revenue growth and improved profitability, despite challenges.
The company is strategically positioned to capitalize on partnerships and growth in fee-based businesses.
Efforts to enhance risk controls and community service reflect a commitment to long-term sustainability.
Adjustments in consumer lending and capital flexibility provide avenues for future growth and stability.

Wells Fargo reports strong 2023 performance but faces NII challenges

Wells Fargo's 2023 performance showcased growth in revenue and net income, but challenges lie ahead with anticipated NII declines and credit quality issues. The company's strategic focus on risk management, product innovation, and racial equity initiatives positions it for future growth amidst economic uncertainties.

Wells Fargo reports stable Q1 earnings amidst growth opportunities

Wells Fargo's Q1 2024 performance reflects stability in profitability, strong capital position, and improved credit quality, underpinned by diversified revenue streams and strategic investments.
Challenges include uncertainties in client behavior prediction, potential rate cuts impact, and difficulty in stabilizing deposit costs, while opportunities lie in revenue diversification and talent enhancement.
The bank's proactive approach to addressing challenges and leveraging opportunities positions it for future growth and operational efficiency, focusing on long-term profitability and reputation building.
Investors should monitor Wells Fargo's progress in stabilizing net interest income, navigating potential rate cuts, and driving loan growth to assess its resilience and growth prospects in a dynamic market environment.

Wells Fargo reports solid Q2 earnings, focuses on growth strategies

Wells Fargo's Q2 2024 earnings call highlighted strong fee-based revenue growth offsetting challenges in net interest income.
The bank's focus on efficiency, risk control enhancement, and shareholder value creation positions it for sustainable growth.
While facing challenges in noninterest income and credit quality, Wells Fargo's strategic initiatives and solid capital position offer opportunities for future growth.
Investments in AI, sustained fee momentum, and margin expansion strategies underscore the bank's commitment to long-term success.

Wells Fargo reports robust Q3 earnings, eyes growth opportunities

Wells Fargo's Q3 performance reflects resilience and progress in its strategic priorities amidst revenue challenges and expense management.
The bank's strong capital position and focus on core businesses position it well for growth opportunities and navigating economic trends.
While facing challenges in commercial loan demand and net interest income, Wells Fargo's transformation efforts aim to drive improved returns.

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Cost of revenue

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SG&A

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EBITDA

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Book value per share

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Cash from investing

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Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment provides banking and credit products across industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment is composed of corporate banking, investment banking, treasury management, commercial real estate lending and servicing, and equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth and Investment Management segment refers to personalized wealth management, brokerage, financial planning, lending, private banking, trust, and fiduciary products and services. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Financial Select Sector SPDR Fund

Wells Fargo has produced a total return of more than 40% over the past five years. While this isn't terrible, it is significantly less than the S&P 500 or financial sector has produced.

If You'd Invested $1,000 in Wells Fargo 5 Years Ago, Here's How Much You'd Have Today

Crane Company

Gold Fields Ltd.

Spotify

Westinghouse Air Brake Technologies

We have narrowed our search to five large-cap stocks with more than 20% returns year to date. These are: WAB, WFC, SPOT, GFI, CR.

5 Solid Stocks to Buy Despite Adverse Economic Data

Alphabet

Exxon Mobil

With the S&P 500 index, and equities in general, having had their worst run of red days so far this year, almost every stock has seen losses in recent weeks. This includes names of all sizes, and from across all industries; as the reason for the dip, a surprise jump in inflation is effectively bad for everyone.

3 High-performing Stocks That Could Rip Once Markets Turn Back Up

Ally Financial

Bank of America

Citigroup

Capital One

JPMorgan Chase & Co

The company operates through three segments: Credit Card Consumer Banking Commercial Banking The company accepts: Checking accounts Money market deposits, Negotiable order of withdrawals Savings deposits Time deposits Its loan products include: credit card loans, auto and retail banking loans, commercial and multifamily real estate loans, and commercial and industrial loans.

6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares

DES MOINES, Iowa--(BUSINESS WIRE)--Wells Fargo Home Lending announced today the expansion of its $10,000 Homebuyer Access grant program to additional communities in the eight metropolitan areas where the program was launched in 2023. The program also will be expanded to additional eligible areas in New Jersey. “We are expanding the availability of our Homebuyer Access grant program to additional areas to provide greater opportunities that empower Black and Hispanic homebuyers,” said Kevin Reen,.

Wells Fargo Expands Down Payment Grant Program to Help Bridge Homeownership Gap

Does Wells Fargo (WFC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Wells Fargo (WFC) is a Great Momentum Stock: Should You Buy?

Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace.

Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace

Goldman Sachs

Morgan Stanley

New bond deals totaling about $28.5 billion were issued by four of the nation's six largest banks: JP Morgan Chase & Co. JPM, +1.82%, Wells Fargo & Co. WFC, +2.77%, Goldman Sachs Group Inc. GS, +0.45% and Morgan Stanley MS, +0.91%, according to Kenneth Jacques, head of U.S. credit at Informa Global Markets.

Big banks have been a bright spot in tough week for markets

First quarter earnings from the big banks are out, and the results, while mixed, were overall positive. The consensus view coming out of the Q1 prints is that the big U.S. banks are in good shape after two difficult years.

The 3 Best Bank Stocks to Buy on Q1 Earnings Results

Byrna Technologies

Sandstorm Gold

BYRN, WFC and SAND made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 17, 2023.

Best Momentum Stocks to Buy for April 17th

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares US Financial Services ETF

Invesco KBW Bank ETF

Vanguard Financials ETF

While most big banks beat on both lines in the first-quarter earnings season, higher rates may weigh on the financial ETFs over the medium term.

Bank ETFs in Focus on Mixed Q1 Earnings

PNC Financial Services

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Big banks led by Citi continue layoffs amid pressure to cut costs

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected quarterly results thanks to a resilient economy, strong consumer spending and a flurry of Wall Street activity.

Three Key Takeaways From Big Bank Earnings

One research firm sees more upside on Wells Fargo in the wake of the latest earnings report. Net interest income is expected to fall this year, but increased fee revenue should make up for it.

Is Wells Fargo Stock Going to $66? 1 Wall Street Analyst Thinks So

SAN DIEGO--(BUSINESS WIRE)--TradeSun partners with Wells Fargo to transform trade finance using AI-driven solutions.

TradeSun Announces an Agreement With Wells Fargo

Wells Fargo surpassed earnings estimates in Q4 2023 and Q1 2024, driving a 14.94% stock price increase. Despite regulatory constraints, Wells Fargo remains undervalued, with a fair price of $71.49 and a future projection of $123.41, offering 19.5% annual returns through 2029. While lagging in deposit coverage compared to JPMorgan and Bank of America, Wells Fargo remains solvent and capable of meeting its debt obligations.

Wells Fargo: The Removal Of The Asset-Cap In 2025 May Unlock The Necessary Optimism

Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of projections.

What We Learned From Big Bank Earnings on Friday

The market isn't particularly impressed with what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. Part of the issue appears to be underwhelming guidance, particularly from JPMorgan, that most analysts saw as overly conservative.

The Q1 Earnings Season Kicks off Positively

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn't post stellar earnings Friday (April 12) it did vote “yes” on the economic prospects for the balance of 2024.

Wells Fargo Sees Brighter Days for US Consumer Spending

The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year.

US banks' profit picture less clear with cloudy rates trajectory

Wells Fargo & Company (NYSE:WFC ) Q1 2024 Earnings Call Transcript April 12, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants John McDonald - Autonomous Research Ebrahim Poonawala - Bank of America Ken Houston - Jefferies Betsy Graseck - Morgan Stanley Erika Najarian - UBS Steven Chubak - Wolfe Research John Pancari - Evercore ISI Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Capital Markets Dave Rochester - Compass Point Research Vivek Juneja - JPMorgan Operator Welcome and thank you for joining the Wells Fargo First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Wells Fargo & Company (WFC) Q1 2024 Earnings Call Transcript

Wells Fargo (WFC) Q1 earnings reflect higher revenues and improved deposit balances, alongside lower provisions. However, challenges emerge with lower net interest income and growing expenses.

Wells Fargo (WFC) Q1 Earnings Surpass Estimates, Costs Rise

While JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. topped Wall Street estimates for earnings per share and revenue on Friday, stocks of all three megabanks fell into the red.

JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings

We complete our inflation summary this week with new data out this morning. Import and Export Prices for March help articulate some of the other economic data we've seen throughout this week, including that which sent trading markets into a tailspin mid-week. Pre-market futures, paring losses on Q1 results from some of Wall Street's biggest banks (see below), were sent back southward on today's Imports and Exports: -220 points on the Dow, -35 on the S&P 500 and -150 for the Nasdaq.

Big Banks Open Q1 Earnings Season

Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Wells Fargo Stock (WFC)