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

Operating Margin

Profit Margin

Margins

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

Interest expense

Provision for Credit Losses

Salaries

Technology and equipment

Other

Net occupancy

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

East West Bancorp

JPMorgan Chase & Co

On the hunt for bank stocks in February 2024? Interest rates have increased, presenting opportunities and challenges for bank stocks.

The 3 Best Bank Stocks to Buy Now: February 2024

Wells Fargo's Q4 results were disappointing due to special assessments and severance package allocations, but adjusted EPS would have been closer to $1.30 per share. Net interest income slightly decreased during the quarter, while non-interest income remained stable and non-interest expenses increased. Despite non-recurring items, the preferred dividend is well covered, and capital ratios remain strong. One issue of preferred shares offer a yield of approximately 6.2%.

Wells Fargo: A 6.2% Preferred Dividend Yield While Waiting For Decreasing Rates

Bank of America

Toronto-Dominion Bank

Toronto-Dominion is facing regulatory scrutiny in the U.S. market, but that's left the shares attractively priced. Bank of America's yield is near its highest levels in years for those that prefer a U.S.-focused bank.

2 Bank Stocks to Buy Hand Over Fist and 1 to Avoid

Wells Fargo raised CEO Charles Scharf's total compensation for 2023 to $29 million, the bank said on Thursday.

Wells Fargo raises CEO Charles Scharf's 2023 pay to $29 mln

ROYAL OAK, Mich.--(BUSINESS WIRE)---- $WFC #banking--Today personal finance website investor.com announced the winners of its first Annual Awards, recognizing the best credit cards, banking services, stock trading tools, and financial advisory firms. Blain Reinkensmeyer, co-founder of investor.com and partner at parent company Reink Media Group, said the first-ever Awards are a milestone that furthers the company's mission to help Americans build stronger financial lives. “Six years ago we launched investor.com.

Investor.com Announces Winners of 2024 Annual Awards

Citigroup

Goldman Sachs

PNC Financial Services

U.S. Bancorp

The failures of Silicon Valley Bank and First Republic Bank last year cost the Federal Deposit Insurance Corporation (FDIC) $18.7 billion. The FDIC imposed a special assessment on 114 financial institutions totaling $16.3 billion to recover lost funds.

The FDIC Assessed $16 Billion to Banks For Last Year's Banking Failures: Here's How Much the Big Banks Are Paying

These are three of the best-run banks in the world, but one stands a little apart as the best buy.

Comparing 3 Magnificent Bank Stocks: 1 Is the Best Buy Now

Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday, making it the first Wells site to reject burgeoning unionization efforts, the Committee for Better Bankers said in a statement.

Wells Fargo branch workers in California vote against union

Wells Fargo & Co. and Morgan Stanley have picked up separate downgrades as analysts sift through fourth-quarter earning updates in the face of headwinds tied to the cost of deposits and retooling at the two big banks.

Earnings reports spark downgrades of Wells Fargo and Morgan Stanley as analysts see headwinds

Are you planning to rush into CDs and money market funds to lock in yields before the Fed cuts rates? Wake up and see the inflation-adjusted returns of these so-called guaranteed 5% yields. We discuss lower-risk preferred securities that offer better yields and significant capital upside.

I Am Grabbing These CD-Equivalents Before The Opportunity Disappears, Yields +5.5%

Bank of New York Mellon

US bank earnings, with more than $1 trillion in market capital reported on the first day of the fourth quarter earnings season alone, support the view of Bank of America analysts for a continued re-rating higher of bank stocks. In a note to clients following the release of the latest financial reports from JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Company (NYSE:WFC) and Bank of New York Mellon Corp (NYSE:BK, ETR:BN9) on Friday, the analysts noted that their view was supported by improving earnings per share (EPS) visibility and the US economy avoiding a hard landing.

US banks show improved earnings visibility in 4Q

Morgan Stanley

Three of the six largest U.S. banks announced new bond issues on Tuesday, kicking off an expected heavy week for new bank debt.

Three of 'Big Six' U.S. banks tap bond market post-earnings

Wells Fargo has faced numerous scandals and is still under a cap on its assets and growth imposed by the Fed. Despite this, the company has performed well financially, with strong profits and a strong balance sheet. The company is facing challenges with rising interest rates and increased charge-offs, but it is expected to continue driving substantial shareholder returns.

Wells Fargo's Share Price Run-Up Isn't Over

This afternoon (or morning if you're in the States), Morgan Stanley and Goldman Sachs posted their financial results for the 2023 FY. The other financial services titans like JPMorgan, Citigroup and Wells Fargo all reported theirs last Friday.

Banking stocks' financial results this earnings season: the scars of 2023

Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that bankers say will hurt the economy.

Big US banks to call on Fed to rewrite contentious bank capital rule

Delta Air Lines

UnitedHealth Group

The fourth-quarter (Q4) earnings season is underway, with several blue-chip companies out with their final prints of 2023. As is almost always the case, there have been some market overreactions to the latest numbers, sending some great stocks downward and presenting buying opportunities for investors willing to be patient.

The 3 Most Undervalued Blue-Chip Stocks to Buy in January

American Express

Mastercard

Visa

The credit cycle, as well as the business cycle in the United States economy, is getting underway for a major pivot coming into 2024. Whether you are a long-term investor or enjoy dabbling in and out of markets in trading, this new cycle could bring you several potential opportunities for your money to be deployed.

Rising credit card delinquencies make these stocks your safer bet

We are off to a good enough start in the Q4 earnings season, though it may be hard to reach that conclusion from the seemingly 'noisy' big bank results.

Breaking Down Early Q4 Earnings Results

Wells Fargo's Q4 GAAP earnings fell short of expectations due to an expense related to an FDIC special assessment. The bank's core underlying performance remains strong, and its non-GAAP earnings exceeded analyst consensus. I expect Wells Fargo to earn higher profit margins going forward.

Wells Fargo Q4 Earnings Reinforce The Bullish Outlook

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank's quarterly earnings call that the bank also benefited from its continuing focus on efficiency and credit discipline.

Wells Fargo Reports Gains From Net Interest Income and Efficiency Initiatives

A slew of bank earnings from the largest financial institutions in the world were released this morning, providing insight into their Q4 and 2023 performance.

The Biggest Banks Reported Earnings Today: This One is the Clear Leader

Wells Fargo , Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter earnings on Friday.

US banking giants shed over 17,000 employees in turbulent year

Wells Fargo & Company (WFC) Q4 2023 Earnings Call Transcript

Shares of Wells Fargo & Co. (WFC) were down almost 4% Friday after the bank warned interest income could fall significantly in 2024 as borrowing costs decline.

Wells Fargo Stock Fell After Beating Earnings Estimates—Here's Why

A 3% drop by lunchtime on Friday should tell you everything you need to know about the market's reaction to Wells Fargo & Company's NYSE: WFC earnings report. While the finer details will need to be examined more closely over the weekend, it's looking for now at least that a headline beat on revenue and EPS wasn't enough.

News for Wells Fargo Stock (WFC)