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

The market liked what it saw in the fourth quarter releases from JPMorgan (JPM), Bank of America (BAC), Citigroup (C), and even Wells Fargo (WFC).

Plenty of Positives in Big Bank Earnings: What's Next?

The $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) hit Wells Fargo's profits. But the bank's management was sanguine Friday (Jan. 13) on digital initiatives and consumers' continued embrace of credit cards and a willingness to keep spending.

Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient

Wells Fargo & Co (NYSE: WFC) ended slightly up on Friday even though it reported weaker-than-expected revenue for its fiscal fourth quarter. Pro's take on Wells Fargo stock post earnings Its quarterly net income also came in down about 50% on a year-over-year basis.

Wells Fargo had its profit cut in half: ‘I'm still bullish'

Wells Fargo reported underwhelming topline earnings on Friday. Wells Fargo stock initially sold off on the report, but it reversed course and rallied throughout the trading day.

Why Wells Fargo Rallied After Seemingly Downbeat Earnings

Wells Fargo & Company (NYSE:WFC ) Q4 2022 Earnings Conference Call January 13, 2023 12:00 PM ET Company Participants John Campbell - Director, Investor Relations Charles Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants Kenneth Usdin - Jefferies Scott Siefers - Piper Sandler John McDonald - Autonomous Research Steven Chubak - Wolfe Research John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Betsy Graseck - Morgan Stanley Vivek Juneja - JPMorgan Gerard Cassidy - RBC Capital Markets Operator Welcome, and thank you for joining the Wells Fargo Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note today's call is being recorded.

Wells Fargo & Company (WFC) Q4 2022 Earnings Call Transcript

Morgan Stanley

JPMorgan Chase & Co and Bank of America Corp continued to add staff as the economy softens, even after the ranks of the five biggest U.S. lenders swelled by 100,000 since the start of 2020.

Big U.S. banks show brave face on jobs as Goldman Sachs cuts staff

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. all continued hiring in the fourth quarter, while at Wells Fargo & Co., head count dropped, according to fresh figures provided by the banks on Friday.

Jobs added at Bank of America, Citi and JPMorgan but cut at Wells Fargo

Higher interest rates, solid loan demand and decent trading performance aid Wells Fargo's (WFC) Q4 earnings amid a worsening macroeconomic backdrop and gloomy mortgage banking prospects.

Wells Fargo's (WFC) Q4 Earnings Beat on NII, Mortgage Hurts

Delta Air Lines

Wall Street Kicks Off Q4 2022 Earnings Season.

Wall Street Kicks Off Q4 2022 Earnings Season

Earnings season is officially underway, with several big bank names stepping into the confessional this morning.

Options Traders Scoop Up Bank Stocks After Earnings

The bank reported fourth-quarter earnings results.

Why Shares of Wells Fargo Are Volatile Today

Shares in Wells Fargo & Company (NYSE:WFC) plunged over 4% in New York as the banking giant reported a 50% drop in profit in its latest quarter. In the three months to end-December, the US's fourth largest lender posted a profit of US$0.67 per share, compared to US$1.38 per share in the fourth quarter of 2021.

Wells Fargo shares plunge as profit drops 50% in latest quarter

Wells Fargo (WFC) delivered earnings and revenue surprises of 6.35% and 1.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Wells Fargo (WFC) Q4 Earnings Beat Estimates

Investors are worried about earnings weakness in the financial sector.

This Bank Stock Trifecta Led Markets Lower Friday Morning

Wells Fargo posts fourth-quarter earnings of 67 cents a share, topping estimates by 7 cents.

Wells Fargo Beats Profit Estimates but Misses on Revenue. The Stock Falls.

JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo managed to beat Wall Street's reduced expectations for their fourth-quarter profits as higher interest rates boosted income from loans.

JPMorgan, Wells Fargo and Bank of America beat earnings expectations, but worries about ‘headwinds' remain

The disappointing earnings report came after Wells Fargo said earlier this week that it would retrench from the U.S. mortgage market.

Wells Fargo shares fall as bank's profits take a hit from higher reserves

Shares of Wells Fargo & Co. WFC, +0.21% slumped 2.6% in premarket trading Friday, after the bank reported fourth-quarter profit that was more than halved but topped expectations, while revenue fell short. Net income fell to $2.59 billion, or 67 cents a share, from $5.47 billion, or $1.38 a share, in the year-ago period.

Wells Fargo stock drops after profit halved but topped expectations, while revenue missed

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo & Company (NYSE: WFC) has released its fourth quarter 2022 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 Jan. 13, 2023, and available on the SEC's website at www.sec.gov.

Wells Fargo Reports Fourth Quarter 2022 Financial Results

Wells Fargo & Co on Friday reported a 50% decline in profit for the fourth quarter as the bank racked up more than $3 billion in costs related to a fake accounts scandal and boosted loan loss reserves for a potential economic slowdown.

Wells Fargo profit falls 50% on higher reserves, costs

One projected bright spot for the bank, which derives a meaningful portion of its revenue from consumer banking, will be an increase in net interest income.

Wells Fargo Results Are Friday. Which Numbers to Watch.

Bank of New York Mellon

First Republic

Invesco KBW Bank ETF

Charles Schwab

S&P Global

Hello! This week's ETF Wrap shines a light on the financial sector as big banks prepare to release their results on Friday.

‘A very good test': Watch this bank ETF as big banks kick off earnings season Friday

Wells Fargo plans to slash its mortgage business as Q4 results loom. Analysts expect bank earnings to fall when Bank of America, Citi report Friday.

Bank Earnings: Wells Fargo Ditches Mortgage Business Prior To Q4 Results

Renewed Emphasis of the Group's Mission aiming to provide financial security and literacy for Highly Skilled Professionals NEW YORK , Jan. 12, 2023 /PRNewswire/ -- The Savarick Group of Wells Fargo Advisors unveiled its practice concentration that focuses specifically on the financial needs of medical professionals. Evan Savarick, Managing Director – Investments and Senior Portfolio Manager, provides industry specific financial insights to medical professionals.

The Savarick Group of Wells Fargo Advisors Offers Resources Dedicated to Medical Professionals

The bank worked to reassure real-estate agents, builders and other referral partners this week after saying it was narrowing the business.

News for Wells Fargo Stock (WFC)