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

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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.

The bank settles with the US Consumer Financial Protection Bureau over allegations regarding consumer loans and bank accounts.

Wells Fargo to Pay $3.7B Over Charges of Wrongful Foreclosures

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"Repeat offender" Wells Fargo engaged in practices that cost customers "billions," a regulator says. It's only the latest scandal for the bank.

Wells Fargo is paying yet another huge penalty to settle more allegations it harmed its own customers

The Consumer Financial Protection Bureau said Tuesday that Wells Fargo & Co. had harmed millions of people through wrongful car repossessions, improper denials of mortgage-loan modifications, and surprise overdraft fees that were lobbed at consumers who had enough funds at the time of their transactions.

CFPB's allegations against Wells Fargo: illegal fees, wrongful car repos and misapplied payments

Wells Fargo & Co (NYSE: WFC) is in focus on Monday after the Wall Street bank settled with the Consumer Financial Protection Bureau over “widespread mismanagement” of auto loans, mortgages and deposit accounts”. Wells Fargo to pay up $3.70 billion in total CFPB has ordered Wells Fargo to pay over $2.

Cramer's take on Wells Fargo's $3.7 billion settlement with CFPB

Consumer Financial Protection Bureau orders bank to repay $2bn to consumers and a $1.7bn penalty

Wells Fargo agrees to pay $3.7bn over illegal fees and interest

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the $2 billion the banking giant had set aside in anticipation of a regulatory settlement of the case.

CFPB Fines Wells Fargo $3.7B for Alleged Mismanagement

Regulators said the bank's violations impacted more than 16 million customers.

Wells Fargo hit with record $3.7B fine for putting ‘Americans at risk for potential harm'

The bank has been ordered to pay more than $10 billion for violations in the last five years.

Wells Fargo Ordered To Pay Customers $3.7 Billion For Causing ‘Financial Harm'

The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers

Wells Fargo will pay $3.7B for criminal mismanagement of loans

The Consumer Financial Protection Board (CFPB) on Tuesday said it is requiring Wells Fargo & Co. to pay $3.7 billion for alleged widespread mismanagement of auto loans, mortgages and deposit accounts.

Wells Fargo ordered to pay $3.7 billion for alleged mismanagement of auto, mortgages and deposit accounts

The bank reached a $3.7 billion deal with regulators to resolve allegations that its actions harmed over 16 million consumers.

Wells Fargo Reaches $3.7 Billion Deal With Regulators Over Consumer Banking

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo said today that it has reached a broad-reaching settlement with the Consumer Financial Protection Bureau (“CFPB”) resolving multiple matters, the majority of which have been outstanding for several years, related to automobile lending, consumer deposit accounts, and mortgage lending. Current leadership has made significant progress to transform Wells Fargo; in fact, the CFPB recognized that since 2020, the company has accelerated corrective actions and remediation, including to address the matters covered by today's settlement. The required actions related to many of the matters described in the settlement are already substantially complete. The company is pleased to bring closure to these issues. As part of the settlement, Wells Fargo entered into a consent order, which lays out a path to termination after the company completes the remainder of the required actions. The company also agreed to pay a civil penalty of $1.7 billion.

Wells Fargo Enters into Agreement with CFPB to Resolve Multiple Issues

Wells Fargo has agreed to pay $3.7 billion to settle charges from a U.S. consumer watchdog over widespread mismanagement of automobile loans, mortgages and deposit accounts.

U.S. CFPB orders Wells Fargo to pay $3.7 bln for mismanagement

Wells Fargo is one of the large U.S. banks with higher exposure to rising interest rates, being a strong boost to NII growth. Noninterest income weakness and rising costs, mainly due to past issues, have offset higher NII in the last quarter.

Wells Fargo: Why I Believe It Is A Value Trap

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Bank of America

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Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry's appeal.

Wall St Week Ahead U.S. bank stocks falter as recession worries take hold

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SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.50 percent from 7.00 percent, effective tomorrow, Dec. 15, 2022.

Wells Fargo Bank Increases Prime Rate to 7.50 Percent

Wells Fargo has been operating under an asset cap since 2018 as punishment for its phony-accounts scandal.

Wells Fargo's Crippling Asset Cap Has Cost the Bank Billions in Profits. But It Might Be a Tailwind in 2023

The bank has cut expenses in recent years, but management sees more areas to realize cost savings.

Wells Fargo Has Plenty of Runway on Its Efficiency Initiatives

Goldman Sachs

Major bank executives are now more united in predicting a recession next year, but the degree is uncertain.

Major US banks make job cuts in preparation for an economic downturn

The repricing of fixed-income assets this year means that investors can achieve 6-7% yields by holding high-quality, and in many cases, investment-grade rated assets. We take a look at the Wells Fargo preferreds suite, which boasts 8 securities with different yields and coupon profiles.

News for Wells Fargo Stock (WFC)