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

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Other sources

Cash from financing

Change in stock

Change in debt

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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, JPMorgan, PNC and Wells Fargo each shattered profit expectations in their respective quarterly earnings reports Friday.

Big Bank Earnings Defy Recession Fears—Fuel Nearly $100 Billion Stock Rally As JPMorgan, Citi And Wells Fargo Profits Soar

Wells Fargo (WFC) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.88 per share a year ago.

Wells Fargo (WFC) Tops Q1 Earnings and Revenue Estimates

Bank of America

Goldman Sachs

Morgan Stanley

Markets looked ready to open lower until big banks released their latest financial results. JPMorgan Chase and Wells Fargo got strong advances in their stock prices after issuing favorable reports.

Big Bank Stocks Are Giving the Market a Boost

Wells Fargo & Company (NYSE:WFC) has reported first-quarter earnings and revenue that beat consensus estimates, sending its shares more than 4% higher in pre-market trade. The bank benefited from higher interest rates during the quarter, but that also came with a rise in provisions for credit losses.

Wells Fargo reports consensus-beating first quarter, sending its stock higher

BOK Financial

Cullen/Frost Bankers

Comerica

First Financial Bancorp

First Interstate BancSystem

F.N.B. Corp.

SPDR S&P Bank ETF

M&T Bank

PNC Financial Services

Trustmark

Washington Federal

WSFS Financial

What banking crisis? For some banks, profits are booming.

10 Banks Are Raking It In As Their Profits Soar, Analysts Say

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its first 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 April 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, April 14, at 10:00 a.m.

Wells Fargo Reports First Quarter 2023 Financial Results

Wells Fargo & Co. WFC, +1.20% stock is up 0.8% in premarket trades after it beat its net income and revenue targets. Wells Fargo said its first-quarter profit rose to $4.99 billion, or $1.23 a share, from $3.79 billion, or 91 cents a share, in the year-ago period.

Wells Fargo stock up after it beats profit and revenue marks

Wells Fargo & Co's profit rose as it earned more from interest rate payments in the first quarter, helped by the U.S. Federal Reserve's tighter monetary policy, the lender reported Friday.

Wells Fargo profit rises as higher rates bolster interest income

UnitedHealth Group

The stock market rallied on cooling inflation, while big bank earnings from JPMorgan and Citigroup are due out Friday morning. The post Stock Market Rallies On Cooling Inflation; Big Bank Earnings For JPMorgan, Citigroup Up Next appeared first on Investor's Business Daily.

Stock Market Rallies On Cooling Inflation; Big Bank Earnings For JPMorgan, Citigroup Up Next

Wells Fargo has named Saul Van Beurden CEO of Consumer & Small Business Banking. Van Beurden will succeed Mary Mack on May 15, as Mack will retire from the company this summer after nearly four decades with the company and seven years leading Consumer & Small Business Banking (CSBB), Wells Fargo said in a Thursday (April 13) press release.

Wells Fargo Names Saul Van Beurden to Lead Consumer Banking

The “matters requiring attention” are specifically focused on concerns of lackluster internal financial controls and a lack of oversight of stock and bond traders, a source said.

Wells Fargo faces US regulatory heat after Silicon Valley Bank meltdown: source

Wells Fargo & Co (NYSE:WFC) is slated to report first-quarter results before the market's open tomorrow, and analysts are estimating profits to range between 95 cents and $1.38 per share.

What to Expect from Wells Fargo's Q1 Report

I expect Wells Fargo and other large banks to gain new business as clients move cash around during the current regional bank crisis. Wells Fargo is making substantial progress on its turnaround plan and is expected to deliver near-record EPS in 2023.

Wells Fargo: Expecting A Strong Q1 Earnings Report

Higher interest rates are likely to have supported Wells Fargo's (WFC) Q1 earnings amid weakness in the IB and mortgage businesses, and deteriorating credit quality.

NII to Aid Wells Fargo's (WFC) Q1 Earnings, Fee Income to Hurt

Wells Fargo has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15, it said in a statement on Thursday.

Wells Fargo names Saul Van Beurden as CEO for consumer banking unit

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 15. Van Beurden will continue to report to CEO Charlie Scharf and will continue to serve on the company's Operating Committee.

Saul Van Beurden named CEO of Consumer & Small Business Banking for Wells Fargo; Mary Mack to retire; Tracy Kerrins named head of Technology

U.S. Bancorp

Bank failures have been a major topic of 2023 following the collapse of Silicon Valley Bank. This morning, Warren Buffett spoke on CNBC and answered various questions related to his stance on the banking system and bank stocks.

Is Warren Buffett Giving Up on Bank Stocks?

Shortly after Wednesday's opening bell, the Dow traded up 0.48%, the S&P 500 up 0.57% and the Nasdaq 0.77% higher.

Earnings Previews: Citigroup, JPMorgan, Wells Fargo

SPDR S&P 500 ETF Trust

The SPY ETF stock has done modestly well in the past few weeks as concerns about the banking sector ease. The SPDR S&P 500 Fund rose to a high of $409.72, the highest point since February this year.

SPY ETF stock nears key price as Wells Fargo warns of a 10% meltdown

AGCO

Micron Technology

Restaurant Brands

Greenbrier Companies

NXP Semiconductors

Stellantis N.V. 

Talking heads warn a recession is imminent in America. The majority of these people appear to either have academic backgrounds or be economists who advise large banks without actually making trading decisions themselves.

7 Blue-Chip Stocks That Are on Fire Sale Right Now

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo announced its participation today at Nacha's Smarter Faster Payments conference in Las Vegas from April 16-19. Nacha is the organization that governs the ACH Network, which facilitates electronic, bank-to-bank money transfers processed for consumers, businesses, and federal, state and local governments.

Wells Fargo to Participate in Nacha's Smarter Faster Payments Conference

The banking crisis has investors lumping some of the worst banks with the best. Both Wells Fargo and BofA have solid financial profiles and should weather this storm.

Bank of America Vs. Wells Fargo: Which Banking Stock Is The Better Buy On The Dip?

America's banking giants are expected to reveal a huge outflow of cash in the days ahead.

Big Banks Projected to Report $100 Billion in Withdrawals

First Republic

KeyCorp

Regions Financial

Charles Schwab

Truist Financial

Western Alliance Bancorporation

JPMorgan reports Friday, along with Wells Fargo, Citigroup and PNC Financial. Balance sheets and guidance may trump Q1 earnings.

JPMorgan Leads Bank Earnings This Week As Balance Sheets, Guidance Key

Some of the largest financial institutions in the United States will kick off first quarter earnings season this week. Investors will have a keen eye on the banking sector this quarter after big and small banks alike came under pressure following the collapse of Silicon Valley Bank and Signature Bank in March.

News for Wells Fargo Stock (WFC)