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.

Goldman Sachs

Morgan Stanley

Investors have wondered about banks' ability to return capital to shareholders due to the challenging environment. Most banks have also been preparing for higher capital requirements, which has made them cautious about their capital return plans.

3 Bank Stocks Hiking Their Dividends at Least 10%

Citigroup

JPMorgan Chase & Co

Earnings estimates for Q2 came down as the quarter got underway, though the magnitude of cuts to estimates was notably below what we saw in other recent comparable periods.

Q2 Results Likely to Reflect a Stabilizing Earnings Picture

Blackrock Inc

UnitedHealth Group

State Street

The June quarter earnings season gets rolling this week, with earnings reports for several of the largest U.S.

Earnings Previews: BlackRock, Citigroup, JPMorgan Chase, State Street Corp., UnitedHealth Group, Wells Fargo

Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Wells Fargo (WFC) is Poised to Beat Earnings Estimates Again

Bank of America

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking.

US banking giants to report higher profits even as dealmaking drags

PacWest Bancorp

Western Alliance Bancorporation

Zions Bancorp

JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis.

Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates

JPMorgan, Wells Fargo and Citigroup kick off bank earnings early Friday. JPM stock, WFC and C shares are near buy points.

JPMorgan, Wells Fargo Near Buy Points With Q2 Earnings Fuse Lit

Wells Fargo promoted Dawson Her Many Horses, head of Native American Banking, to managing director, one of the first enrolled tribal members to reach that rank at a major U.S. bank, the lender said on Monday.

Wells Fargo promotes head of Native American banking to managing director

SAN FRANCISCO--(BUSINESS WIRE)---- $WFC #NativeAmerican--Wells Fargo announced today that Dawson Her Many Horses, head of Native American Banking, has been named Managing Director. Her Many Horses belongs to the Rosebud Sioux Tribe of South Dakota and is one of the first enrolled tribal members to be promoted to Managing Director at a major U.S. bank. In addition, Her Many Horses was selected in June to the 2023 Class of the Aspen Institute Finance Leaders Fellowship, a cohort of financial leaders worldwide committed t.

Wells Fargo Names Dawson Her Many Horses as Managing Director

Microsoft

Warren Buffett owns many stocks that aren't in Berkshire Hathaway's regulatory filings. The biggest stock holdings for Berkshire's subsidiary, New England Asset Management, are Wells Fargo, Microsoft, and JPMorgan Chase.

Should You Buy the 3 Top Stocks in Warren Buffett's Secret Portfolio?

What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Bank earnings kick off Friday.

The American banking landscape is on the cusp of a seismic shift. Expect more pain to come

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week.

US bank stocks fall as investors turn jittery ahead of Q2 results

Company insiders continue to buy large amounts of the stocks of U.S. financial companies, in general, and commercial banks, in particular, data compiled by Fintel shows.

Bank Stocks Lag Broader Market but Insiders Are Still Buying ‘Em

Note: The following is an excerpt from this week's Earnings Trends  report. You can access the full report that contains detailed historical actual and estimates for the current and following periods,  please click here>>>

Bank Earnings Looming: What To Expect

Wells Fargo & Co.'s WFC chief control executive, Nate Herman, is stepping down after some three years in the role, according to a memo seen by the Wall Street Journal. The move comes as the bank tries to strengthen its internal control protocols in the wake of the fake accounts scandal that surfaced in 2016.

Wells Fargo control chief to leave: WSJ

European hedge funds have reduced their exposure to U.S. banks at a fast pace since the beginning of the year, while roughly keeping their positioning in European banks, Goldman Sachs said in a recent report sent to clients.

US banks out of favor with European hedge funds, Goldman tells clients

After the collapse of Silicon Valley Bank NASDAQ: SIVB a few months ago, regional and larger banks across the United States saw their stocks decline as a systematic reaction to the news. As is a typical procedure, the larger banks responsible for a more significant share of the American consumer's deposits are going through periodic stress tests, whose results have been long awaited by investors to justify moving past perceived risks.

These Banks Are Boosting Dividends After Safe Stress Tests

Bank stocks witness a terrible start to 2023 due to the banking crisis and a gradual fall in loan demand on high rates. Only three S&P 500 banks - JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) - end the first half in green on solid fundamentals.

3 Top Performing S&P 500 Banks in the First Half of 2023

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its second quarter 2023 earnings results on Friday, July 14, 2023, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website.

Wells Fargo to Announce Second Quarter 2023 Earnings on July 14, 2023

U.S. banks are poised for a rebound in unrealized losses on their bond and loan portfolios, after a surge in market interest rates.

Rebound in Rates Puts Pressure on Banks

With a decrease in the stress capital buffer for Wells Fargo (WFC), it announces plans to increase its quarterly dividend by 10% and continue repurchases through second-quarter 2024.

Wells Fargo (WFC) Hikes Dividend by 17%, To Continue Buybacks

J.P. Morgan analysts on Monday said Wells Fargo & Co.'s 17% dividend hike outpaced other banks in a flurry of dividend updates from the U.S.'s largest banks, but it was still less than expected.

Wells Fargo hikes dividend more than other banks but banks hit pause button on stock buyback plans

Bank of New York Mellon

After markets closed last Wednesday, the Federal Reserve reported that all 23 banks required to prove their ability to withstand a major market and financial collapse could, in fact, pass the test.

Big Bank Dividend Increases Follow Stress Test Results

Raymond James analyst David Long on Monday raised Wells Fargo & Co.'s WFC, +0.54% target price by $51 a share from $48 a share and reiterated a strong buy rating on the megabank. “We remain bullish on WFC shares, as we see several positive catalysts on the horizon, including a lower-than-peer deposit beta, further expense rationalization, and the eventual removal of consent orders (improved governance),” Long said.

Raymond James hikes Wells Fargo price target; reiterates underperform on US Bancorp

Major U.S. banks including Morgan Stanley and JP Morgan Chase & Co. announced dividend increases late Friday, following the Federal Reserve's stress tests earlier this week.

News for Wells Fargo Stock (WFC)