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

Citigroup Inc. and Wells Fargo & Company are still adapting to changes in the commercial banking industry.  Both institutions are in the process of redefining themselves amidst industry changes. The two large commercial banks are navigating shifts toward a new era in banking. Citigroup saw a decline year-over-year in its Return on Tangible Common Equity as it continues to restructure and build up a stronger economic base.

Banks Mixed: Citigroup And Wells Fargo

Wells Fargo & Co. WFC, -0.34% stock was down by 0.1% in premarket trades Monday, as Odeon Capital downgraded the stock to neutral from buy. While the bank's second-quarter profit of $1.25 a share beat the analyst consensus estimate of $1.16 a share, other data points were more troubling, analyst Richard Bove said in a research note.

Wells Fargo draws downgrade to neutral at Odeon Capital

Bank of America

Goldman Sachs

Morgan Stanley

JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.”

The nation's biggest banks are gearing up for more consumer struggles ahead

There was plenty to like from the banks, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.

Q2 Earnings Season: A Good Start So Far

Wells Fargo & Company (NYSE:WFC ) Q2 2023 Earnings Conference Call July 14, 2023 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Erika Najarian - UBS Matt O'Connor - Deutsche Bank Vivek Juneja - JPMorgan Charles Peabody - Portales Partners Operator Welcome, and thank you for joining the Wells Fargo Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Wells Fargo & Company (WFC) Q2 2023 Earnings Call Transcript

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and moving their money in search of higher yields.

JPMorgan, Wells Fargo expect deposits to extend Q2 declines

Wells Fargo & Co (NYSE: WFC) reported better-than-expected results for its fiscal second quarter on Friday. Its shares are up slightly this morning.

Analyst: Wells Fargo has one of the ‘best deposit bases' despite a 6.8% decline in Q2

An increase in net interest income (NII) and non-interest income drive Wells Fargo's (WFG) Q2 earnings. However, higher provisions and rising expenses are headwinds.

Wells Fargo's (WFC) Q2 Earnings Beat Estimates as NII Rises

The SPDR S&P 500 ETF Trust NYSEARCA: SPY has been trading within a tight channel during the past year, hovering between the $420 and $375 per share marks. This trading range could be seen as 'indecision' from broader market participants, and only 'directional' data can bring certainty for these same participants to push the market above or below the range.

Wells Fargo's Earnings, Why Markets Are Loving The Stock

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

Wells Fargo (WFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the latest sign that stress is building up in the sector.

JPMorgan, Wells Fargo prepare for losses on office loans

Citigroup Inc  (NYSE:C), JPMorgan Chase & Co (NYSE: JPM), and Wells Fargo & Co (NYSE:WFC) reported better-than-expected second-quarter earnings and revenue this morning.

Options Traders Rush Bank Sector After Earnings

Titans like JPMorgan are making billions of dollars more in interest income than they were before the Fed considerably hiked rates.

Big Banks Beat On Earnings As Higher Interest Payments Roll In

Wells Fargo (WFC) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.74 per share a year ago.

Wells Fargo (WFC) Beats Q2 Earnings and Revenue Estimates

Some of the largest U.S. banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking but warned that the economy was slowing and losses would increase in commercial real estate.

U.S. banks point to resilient but slowing economy, flag risks ahead

Wells Fargo, the fourth largest US lender, has raised its annual forecast for net interest income (NII) after reporting a surge of 57% in profit for the second quarter. NII climbed 29% to reach $13.16 billion, benefiting from higher interest rates as Wells Fargo and other banks increased their borrowing costs following a series of rate hikes by the Federal Reserve to combat inflation.

Wells Fargo reports big surge in 2Q profit, lifts guidance for net interest income

JPM stock, WFC surged early Friday after JPMorgan, Wells Fargo beat Q2 earnings expectations. Shares trade in buy zones, Citi to report.

Q2 Earnings Race Underway; JPM Stock, WFC Rally On Results

Wells Fargo posts second-quarter earnings of $1.25 a share on revenue of $20.53 billion.

Wells Fargo's Earnings Get Help From Higher Interest Rates

Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, sending its stock higher in premarket trading.

Wells Fargo shares rise after second-quarter results beat estimates

Shares of Wells Fargo & Co. WFC, +1.04% rallied 3.3% toward a four-month high in premarket trading Friday, after the San Francisco-based bank beat second-quarter profit and revenue expectations, as higher interest rates and loan balances provided a boost to net interest income. Net income rose to $4.94 billion, or $1.25 a share, from $3.14 billion, or 75 cents a share, in the year-ago period.

Wells Fargo stock surges after profit and revenue beats, helped by higher rates and loan balances

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its second 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 July 14, 2023, and available on the SEC's website at www.sec.gov. Conference call The company will host a live conference call on Friday, July 14, at 10:00 a.m. Ea.

Wells Fargo Reports Second Quarter 2023 Financial Results

Wells Fargo's profit rose in the second quarter as it earned more in interest payments from customers.

Wells Fargo profit rises on higher interest income from customers

Delta Air Lines

PepsiCo

If you've just now woken up to the idea that the Fed will land this plane softly, you may be a little late to the party.

Markets Keep Strong Ahead of Big Bank Q2 Earnings

Blackstone Group

Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America's top lenders.

News for Wells Fargo Stock (WFC)