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.

Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape. "The consumer's been extremely resilient," he said.

Wells Fargo CEO calls consumers 'extremely resilient'

Bank of America

JPMorgan Chase & Co

Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.

Three Things We Learned From Big Bank Q3 Earnings

Citigroup

Goldman Sachs

Morgan Stanley

What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers' finances.

Three Big Takeaways From Bank Earnings

Shares of major US banks have shown resilience after reporting their third-quarter financial results, and this momentum may continue through the end of the year and into 2025, according to Anton Schutz, President and Chief Investment Officer of Mendon Capital Advisors.

Big banks have reported Q3 earnings: what's next for their stock prices?

Wells Fargo's Q3 earnings exceeded bottom-line expectations, with a notable 7% sequential rise in EPS and a strong performance in non-interest income. Despite a seventh consecutive quarter of declining net interest income and net interest margin, optimism remains for a near-term NII trend reversal. My "buy" rating on Wells Fargo remains intact, supported by positive momentum in non-interest income and an improving funding mix.

Wells Fargo: Solid Q3 Earnings Boost Optimism

Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.

Is Trending Stock Wells Fargo & Company (WFC) a Buy Now?

Wells Fargo & Company WFC reported better-than-expected earnings for its third quarter on Friday.

These Analysts Increase Their Forecasts On Wells Fargo After Better-Than-Expected Q3 Earnings

Advanced Micro Devices

U.S. stocks settled higher on Friday, with the S&P 500 and Dow Jones index surging to fresh highs during the session. U.S. major averages also recorded gains for the fifth straight week, with the S&P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.

This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Friday.

Strong Earnings From JPMorgan, Wells Fargo Drive Dow, S&P 500 To Record Highs: Fear Index Remains In 'Greed' Zone

Wells Fargo's growth is restricted by an asset cap. The bank must enhance its practices and demonstrate consistent progress in quarterly reports, a process that could take years. Earnings per share growth is possible through share repurchases and improving operating results.

Wells Fargo: A Way To Go To Get To Satisfactory

People are not springing for new loans as interest rates remain elevated.

JPMorgan and Wells Fargo Earnings Show the U.S. Economy's 2 Realities

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11).

Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers

The market liked what it saw in the quarterly releases from JPMorgan JPM and Wells Fargo WFC, even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expectations.

The Q3 Earnings Season Kicks Off Positively

Wells Fargo's Q3 earnings exceeded expectations, and management is doing a great job despite regulatory constraints. Despite impressive Q3 results, I don't see much additional upside over the next 6-12 months. Falling interest rates have a significant negative impact on profitability.

Wells Fargo: Great Q3 Earnings, But Momentum May Be Tough To Sustain

Tesla

Strong corporate profits and benign economic data once again sent equities to record levels.

Stock Market Today: Stocks Hit Fresh Highs on Bank Earnings, Econ News

Higher non-interest income and a decline in non-interest expenses support WFC's third-quarter 2024 results. A decline in NII is a spoilsport.

Wells Fargo Q3 Earnings Beat on Higher Fee Income, Lower Expenses

U.S. consumers remain resilient with solid spending in the third quarter, two of the country's biggest lenders said on Friday, although there are signs higher inflation has stretched some Americans on lower incomes.

Big US banks say consumers are still strong, despite economy fears

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 250 points on Friday.

Gold Gains 1%; Wells Fargo Shares Gain After Q3 Earnings

Wells Fargo & Company (WFC) Q3 2024 Earnings Call Transcript

Blackrock Inc

In a mixed bag of earnings reports from major financial institutions, BlackRock, JPMorgan Chase, and Wells Fargo have revealed insights into their financial health for the third quarter of 2024.

Earnings reports Q3 2024: BlackRock, JPMorgan, and Wells Fargo reveal mixed results

Pre-market futures are mixed ahead of the final trading session of the week. Major indexes are up, thanks to a robust day on the markets Wednesday, with the exception of the small-cap Russell 2000, which is down -1% from this time a week ago.

Producer Price Index Unchanged in September

Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.

PPI Inflation Flat for September; JPM and WFC Beat on Q3 Earnings

JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.

Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

Banking giant Wells Fargo & Co (NYSE:WFC) is one of several big finance firms that are fresh off an early morning earnings report.

Wells Fargo Joins Bank Earnings Deluge

Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit.

News for Wells Fargo Stock (WFC)