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.

Bank of America

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Big banks are trying to dump commercial real estate loans as pressures mount in the sector.  JPMorgan, Goldman Sachs, and Capital One are among those trying to shed debt exposure, sources told Bloomberg.

Big US banks are reportedly trying to dump commercial real estate loans - but buyers are scarce as pressures mount for property markets

PNC Financial Services

They assured us after the failure of Silicon Valley Bank, First Republic and Signature Bank that all was well, that the banking system was totally secure and in no danger of further failures.

Moody's Slashes Ratings on Top US Banks: 5 ‘Strong Buy' Dividend Giants Are the Only Safe Plays Now

BNP Paribas SA

US regulators on Tuesday fined nine Wall Street companies, including Wells Fargo, BNP Paribas and Société Générale $549 million over employees' use of personal messaging apps to discuss deals, trades and other business.

US regulators fine Wall Street firms $549 million in latest texting probe

Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.

Wells Fargo, BNP among firms fined $260 million over use of WhatsApp, texts

Wells Fargo's history is riddled with multi-million dollar legal settlements and billions of dollars paid to regulators.

Wells Fargo's $125 Million Fine For Employees Using WhatsApp Marks Latest Run-In With Regulators And Courts

The SEC and CFTC have fined a group of Wall Street firms a combined $549 million. The firms admitted to employees using WhatsApp and other messaging services for business purposes.

A group of Wall Street banks have been fined $549 million for using WhatsApp and other messaging apps to discuss business

Mizuho Financial Group

Wells Fargo and a slew of other Wall Street firms admitted Tuesday to using WhatsApp, Signal and other messaging platforms for "off-channel" communications in violation of federal recordkeeping requirements.

Regulators fine Wall Street firms $549 million for using WhatsApp and other channels to discuss business

U.S. Bancorp

BOK Financial

Webster Financial

US banking shares prices tumbled on Tuesday as credit ratings agency Moody's cut the credit ratings of a number of small and mid-sized lenders and placed several big Wall Street names on negative review.  The credit ratings agency downgraded the ratings of 10 banks by one rung, while major lenders Bank of New York Mellon, US Bancorp, State Street, Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review for a potential downgrade.

US banks head south rattled by Moody's downgrades

Bank stocks are falling on Tuesday and investors can look to Moody's lowering credit ratings as the reason for the decline. The credit rating business started off the bad news for bank stocks by cutting credit ratings for 10 banks.

Why Are Bank Stocks Down Today?

Wells Fargo & Co. WFC, -2.72% will pay $125 million out of a total of $289 million in fines by the Securities and Exchange Commission against 10 firms “for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications,” the SEC said. The firms have started to carry out improvements to their compliance policies and procedures to address the violations, the SEC said.

Wells Fargo to pay largest fine in SEC recordkeeping enforcement action

U.S. regulators on Tuesday said they had settled with more than a dozen financial firms, including Wells Fargo and some foreign banks, over charges of widespread recordkeeping failures, including in some cases the use of personal text messages and other messaging apps.

U.S. regulators cite Wells Fargo, BNP Paribas, over recordkeeping

If you're exploring dividend stocks, you can adopt various strategies. You might seek out high-yield stocks, or those with consistent payouts and robust financial conditions, or companies with a track record of boosting dividends.

Citigroup, Wells Fargo, PNC: Undervalued Dividend Growers

Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.

Moody's warns it could cut credit ratings of 6 big US banks

Shares of U.S. banks fell in premarket trading on Tuesday after Moody's downgrade of 10 mid-sized lenders reignited investor concerns about challenges facing the banking industry.

US bank stocks drop after Moody's downgrade

U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse.

Wells Fargo hires Credit Suisse veteran as head of financial sponsors

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit and wealth management.

US banking starts to pick its battles against new capital rules

The Wells Fargo glitch that made some customers' direct deposits disappear from their bank accounts is over, the bank said on Saturday.

Wells Fargo says missing deposits glitch is resolved

Wells Fargo said Friday that it has been working to resolve a technical issue that caused some customers' deposit transactions to disappear from their accounts.

Wells Fargo fixing tech issue after customers report missing deposit transactions

Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts.

Customers report missing deposits from Wells Fargo bank accounts

Deutsche Bank

Bank of America Corp.'s investment bank BofA Securities remained the top corporate debt issuer in 2023 as of Aug. 1, while Wells Fargo Securities LLC has bumped JPMorgan Chase & Co. for the No. 2 slot, according to S&P Global Market Intelligence data.

BofA holds No. 1 position in corporate bond underwriting, with Wells Fargo moving up to No.

Bank of New York Mellon

Citizens Financial Group

Comerica

First Horizon National

Fifth Third Bancorp

Huntington Bancshares

KeyCorp

M&T Bank

Northern Trust

New York Community Bancorp

Regions Financial

State Street

Truist Financial

Western Alliance Bancorporation

Zions Bancorp

Bank fundamentals were challenged but results were better than worst-case fears as higher interest rates boosted bank loan yields, Jefferies analyst Ken Usdin said Thursday in the firm's summary of second-quarter profits for the 36 large and mid-sized banks in its coverage universe.

JPMorgan, Goldman and Morgan Stanley win praise in Jefferies Q2 bank earnings wrap

Wells Fargo on Wednesday said it may commit $60 million to Concordance, a nonprofit organization that helps workers with criminal records re-enter the workforce.

Wells Fargo pledges $60 million for worker re-entry program

Concordance says re-entry program cuts reincarceration by 56%, builds financial health for participants COLUMBIA, S.C. , Aug. 2, 2023 /PRNewswire/ -- Wells Fargo Bank, N.A.

Wells Fargo Aims to Provide up to $60 Million to Concordance Anti-Recidivism Program

Wells Fargo & Co. WFC, -1.54% said it will pay up to $1.8 billion to the Federal Deposit Insurance Co.'s deposit insurance fund as part of the government's special assessment following the regional-bank crisis earlier this year. Wells Fargo said it will expense the entire amount upon the FDIC's finalization of the rule.

Wells Fargo, Bank of America to pay FDIC up to $3.7 billion combined for bank failure special assessment

Wells Fargo said on Tuesday that proposed U.S. capital rules could lead the bank to rejig its balance sheet.

News for Wells Fargo Stock (WFC)