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.

Citigroup

JPMorgan Chase & Co

A new earnings season has kicked off with a bang against the backdrop of a recovering economy and shifting financial landscapes. Major US banks JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C), have unveiled robust third-quarter earnings, bolstered by a confluence of factors including higher interest rates and resilient performance in key business segments.

Major US banks report strong earnings amid favorable economic factors

An increase in NII and lower expenses drive Wells Fargo's (WFC) Q3 earnings. However, worsening credit quality was a headwind.

Wells Fargo's (WFC) Q3 Earnings Beat on NII Rise & Low Costs

Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  At the same time, consumer spending remained strong, the bank said Friday (Oct. 13) while reporting its third-quarter results.

Wells Fargo Expects Continued Slowing of the Economy

A range of the most prominent U.S. bank stocks surged between 2% and 5% in today's afternoon session. JPMorgan Chase (NYSE: JPM ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) each saw impressive increases.

Why Are Bank Stocks JPM, WFC, C Up Today?

Wells Fargo & Co. (NYSE:WFC ) Q3 2023 Earnings Conference Call October 13, 2023 10:00 AM ET Company Participants John Campbell – Director, IR Charles Scharf - President, CEO & Director Michael Santomassimo - Senior EVP & CFO Conference Call Participants John McDonald - Autonomous Research Steven Chubak - Wolfe Research Robert Siefers - Piper Sandler & Co. Ebrahim Poonawala – Bank of America Merrill Lynch John Pancari - Evercore ISI Gerard Cassidy - RBC Capital Markets Erika Najarian - UBS Matthew O'Connor - Deutsche Bank Operator Welcome and thank you for joining the Wells Fargo Third Quarter 2023 Earnings Conference Call. [Operator Instructions].

Wells Fargo & Co (WFC) Q3 2023 Earnings Call Transcript

Bank of America

Goldman Sachs

Morgan Stanley

Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes.

Big U.S. banks warn capital hikes could weigh on green energy, equity products

It's the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we've been seeing Q3 reports come in dribs and drabs previously this week and before.

Major Banks Start Reporting Q3 Earnings

Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wells Fargo (WFC) Reports Q3 Earnings: What Key Metrics Have to Say

Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings.

Major US banks show profit boost, but cautious on outlook, consumer health

Wells Fargo (WFC) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.

Wells Fargo (WFC) Beats Q3 Earnings and Revenue Estimates

Results from bank stocks JPMorgan Chase & Co. NYSE: JPM, Wells Fargo NYSE: WFC, and Citigroup NYSE: C are marking the start of peak Q3 earnings reporting season. The news is good, and the stocks are up, suggesting another better-than-expected season for the market.

5 Critical Details from Big Bank Results: JPM, C, and WFC

Earnings season kicked off with results from three major banks. JPMorgan Chase and Wells Fargo saw profits surge from year-ago levels.

How Bank Stocks Fared on Earnings Season's Opening Day

Wells Fargo & Company (NYSE:WFC) shares moved higher before the opening bell on Friday after the bank posted an earnings beat for the third quarter. For the three months ended September 30, 2023, the bank reported revenue of $20.9 billion, up 7% from $19.6 billion in the year-ago quarter and ahead of the Street's expectation of $20.2 billion.

Wells Fargo 3Q earnings driven by surge in interest income

The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.

Wells Fargo raises interest income forecast as third-quarter profit beats estimates

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2023 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 13, 2023, and available on the SEC's website at www.sec.gov. Conference call The company will host a live conference call on Friday, Oct. 13, at 10:00 a.m. Eas.

Wells Fargo Reports Third Quarter 2023 Financial Results

Wells Fargo & Co.'s stock jumped 2% early Friday, after the bank swept past earnings estimates for the third quarter.

Wells Fargo's stock up 2% as third-quarter earnings top estimates by a wide margin

Wells Fargo's profit rose in the third quarter as the U.S. lender benefited from customers paying higher interest on loans.

Wells Fargo quarterly profit rises on higher interest income

The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank collapsed.

How U.S. bank balance sheets have changed as Fed raises rates

Higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures.

Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans

Options traders are braced for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed.

Options traders see larger-than-usual stock swings as banks report results

Wells Fargo has expanded the availability of its personalized digital financial advice and planning services, known as LifeSync, to all its consumer customers. LifeSync was initially launched earlier this year for Wealth and Investment Management (WIM) clients and has now been made available to all consumer customers through the Wells Fargo Mobile app, the bank said in a Thursday (Oct.

Wells Fargo Expands Availability of Digital Financial Advice Services

Chipotle

NVIDIA

The AZEK Company

Estee Lauder

e.l.f. Beauty

First Solar

Humana

Kraft Heinz

Coca-Cola

J. M. Smucker

Spotify

Target

Toll Brothers

Trex

Utz Brands

Some of the tickers on Cramer's radar for Thursday, Oct. 12, taken directly from my reporter's notebook.

Here are 18 stocks I'm watching in the market Thursday, including Chipotle, Target, Nvidia

Wells Fargo (WFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Wells Fargo (WFC) Might Surprise This Earnings Season

Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients earlier this year, the bank said on Thursday.

Wells Fargo rolls out financial planning tool to almost 70 mln customers

JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.

News for Wells Fargo Stock (WFC)