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

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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.

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Cost of revenue

Gross profit

Operating expenses

SG&A

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EBITDA

Net income

Earnings per share

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Cash & equivalents

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Book value per share

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Funds from operations

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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.

Mortgage applications volume fell by the most in a month in the last week of January despite easing rates, according to Mortgage Bankers Association report.

Mortgage applications decreased over the last week

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.75 percent from 7.50 percent, effective tomorrow, Feb. 2, 2023.

Wells Fargo Bank Increases Prime Rate to 7.75 Percent

SAN FRANCISCO--( BUSINESS WIRE )--Today, Wells Fargo announced a $50 million grant to support the nation's largest civil rights and social justice organization in its continued efforts to advance racial equity in America.

Wells Fargo Announces $50 Million Grant to NAACP

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo & Company (NYSE: WFC) today updated its expected earnings release dates and conference call information for the first, second, third and fourth quarters of 2023 and announced its expected earnings release dates and conference call information for the first, second, third and fourth quarters of 2024. For each of the earnings dates below, financial results will be released at approximately 7 a.m. Eastern time, and the live conference call will be at 10 a.m. Eastern time. Confirmation of these calls, as well as details on how to listen, will be provided before the scheduled release dates.

Wells Fargo Updates 2023 Earnings Release Date Information and Announces 2024 Dates

Charles Scharf was eligible for his full target pay of $27 million but turned down a raise.

Wells Fargo Chief Made $24.5 Million Last Year

Bank of America

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Morgan Stanley

The macroeconomic environment in the banking segment is deteriorating as the number of overdue loans is growing, forcing banks to increase reserves and negatively affects their profit. In addition to the loan portfolio, financial conditions in general have had a negative impact on banks' balance sheets. Debt instruments are depreciating and there is cash outflow from funds.

Top 5 Banks Under Risk

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Companies in Cramer's list include Wells Fargo, Raytheon Technologies, Delta Air Lines, J.B. Hunt and Boeing.

Jim Cramer picks his standout stocks in 4 bull market industries

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Zoom Video

These are tricky times in the stock market, so it pays to look to the best stock-fund managers for guidance on how to behave now. Veteran value investor Bill Nygren belongs in this camp, because the Oakmark Fund OAKMX he co-manages consistently and substantially outperforms its peers.

5 pro strategies and 6 cheap stocks that can help you beat the market – from a top value investor who does just that

The exchange explained that the glitch — which affected over 250 stocks — resulted in the NYSE not conducting "opening auctions" for affected stocks.

An NYSE glitch affected caused a market mayhem resulting in Morgan Stanley and Wells Fargo shares crashing over 10%

Wells Fargo & Co. ( WFC , Financial) is one the largest U.S. banks, but, like many of its competitors, had an unsteady year in 2022. To keep itself afloat in the midst of mounting losses, the bank is scaling back its mortgage business and furloughing employees.

Wells Fargo Continues to Flourish

Goldman Sachs

KeyCorp

We take a look at the action in preferreds and baby bonds through the second week of January and highlight some of the key themes we are watching. Preferreds enjoyed another strong week, supported by lower Treasury yields and higher stocks.

Preferreds Weekly Review: Fixed-Rate Preferreds Finally Get Some Love

One goal of the new service is to compete with third-party wallet operators such as PayPal Holdings Inc. and Apple Inc.'s Apple Pay, according to people familiar with the matter.

Banks plan payment wallet to compete with PayPal, Apple Pay

Bank of America, JP Morgan, and Wells Fargo are working together to make online shopping more convenient.

Big Banks Creating Digital Wallet to Rival Apple Pay

PNC Financial Services

Truist Financial

America's biggest banks are reportedly launching a digital wallet to take on Apple and PayPal. The banks are developing a product that will let consumers make online purchases with a wallet tied to their Visa or Mastercard debit or credit cards, The Wall Street Journal reported Monday (Jan. 30).

Big Banks to Launch Apple Pay Competitor in 2023 H2

Four out of five economists believe we'll see a recession in the next 24 months.

Banks Are Building Reserves for a Potential Recession -- How Bad Do They Think It Will Be?

Plus, we take a look at "key person risk" and what investors need to know.

Wells Fargo Steps Back From Mortgage Market

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Here are ones I've invested my own money in.

My 5 Favorite Bank Stocks for Long-Term Investors

Wells Fargo saw lower deposit costs than its peers in 2022, which is something investors watch closely.

Wells Fargo's Deposit Base Is Rising, But Continues Outperforming Peers

Wells Fargo reached a massive $3.7 billion settlement with the Consumer Financial Protection Bureau in December.

The Bulk of Wells Fargo's Regulatory Fines Might Now Be in the Past

Big banks' earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on several themes: A mild recession seems a real possibility this year.

Big Bank Earnings Spotlight Unstoppable Digital Shift

We are off to a good-enough start to the 2022 Q4 season, with no signs yet of an impending earnings cliff that will prompt management teams to overwhelmingly guide lower.

A Good Enough Start to the Q4 Earnings Season

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Invariably, with the Federal Reserve forced into the unenviable task of taking away the monetary punch bowl, certain stocks to avoid would come up based on mass layoffs. Effectively, the earlier response to the coronavirus pandemic led to a dramatic rise in the real M2 money stock.

7 Stocks to Avoid as Layoff Headlines Explode

Wells Fargo has been one the largest mortgage originators in the country in recent years, so this is a big change.

Wells Fargo Is Downsizing Its Mortgage Business. Good.

Wells Fargo beat analysts' estimates on NII numbers, but the earnings statement showed losses as previously announced. In 2023, WFC shareholders may face significant challenges as the management endeavors to combat both external and internal issues.

Wells Fargo: The Challenges Are Far From Over, Still A Buy

The mortgage business for this banking giant is struggling right now.

News for Wells Fargo Stock (WFC)