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.

JPMorgan Chase & Co

JPMorgan and Wells Fargo saw their share prices rise after announcing their earnings, but it didn't help stocks overall.

Can Big Banks End the Bear Market?

Morgan Stanley

Earnings Season Commences With Large Banks.

Earnings Season Commences With Large Banks

Bank of America

Citigroup

Goldman Sachs

The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some U.S. government bonds to improve liquidity in the $24 trillion market.

US Treasury asks major banks if it should buy back U.S. government bonds

The bank reported earnings results from the third quarter of the year.

Why Shares of Wells Fargo Are Rising Today

Flat on Retail Sales for the month is a pretty good start in curbing inflation metrics on a wide scale.

Retail Sales Flat, JPM, WFC Beat on Q3 & More

Wells Fargo & Co. WFC, +4.70% on Friday reported total head count of 239,209 as of Sept. 30, down from 243,674 people at the end of the second quarter and 253,871 at the end of the year-ago quarter.

Wells Fargo headcount drops while ranks grow at JPM, Citi and Morgan Stanley

Rising rates, decent loan demand and robust trading aid Wells Fargo's (WFC) Q3 earnings amid muted mortgage banking performance and higher credit costs on worsening economic outlook.

Wells Fargo (WFC) Q3 Earnings Beat, Provisions & Mortgage Hurt

Wells Fargo & Company (NYSE:WFC) shares opened higher Friday after the bank reported its third-quarter earnings — beating earnings expectations despite a 31% drop in year-over-year profit. The bank reported a profit of $3.53 billion, $0.85 per share, for the three months ended September 30, down from $5.12 billion, $1.17 per share, a year earlier.

Wells Fargo shares rise on 3Q earnings beat; bank braces for potential recession

Source: Africa Studio / Shutterstock.com Banks stocks are in the news Friday as investors go over various earnings reports from major players in the space. JPMorgan Chase (NYSE: JPM ) is chief among them with the company's earnings beating estimates.

Why Are Bank Stocks in the Spotlight Today?

Wells Fargo (WFC) delivered earnings and revenue surprises of 19.27% and 4.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Wells Fargo (WFC) Q3 Earnings and Revenues Surpass Estimates

JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest in come in the coming quarter.

JPMorgan profit falls but beats estimates while Wells Fargo misses

The San Francisco-based bank posts third-quarter earnings of 85 cents a share on $19.5 billion in revenue.

Wells Fargo's Net Interest Margin Beats Estimates. Thank Higher Interest Rates.

Wells Fargo on Friday reported lower quarterly earnings than a year ago as a decision to build up reserves cut into profit.

Wells Fargo profit falls as bank boosts loan loss reserves; shares rise

Wells Fargo & Co. shares WFC, +4.62% rose 2% in premarket trade Friday, after the bank posted stronger-than-expected revenue for the third quarter, offsetting a profit miss. The bank posted net income of $3.528 billion, or 85 cents a share, for the quarter to end September, down from $5.122 billion, or $1.17 a share, in the year-earlier quarter, below the $1.09 FactSet consensus.

Wells Fargo stock up 2% premarket as revenue beat offsets profit miss

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2022 financial results.

Wells Fargo Reports Third Quarter 2022 Financial Results

Wells Fargo & Co on Friday reported a decline in profit for the third quarter as the bank set aside more money in preparation for a hit from a potential economic slowdown.

Wells Fargo profit falls on higher loan loss reserves

Sen. Elizabeth Warren is tightening the pressure on Wells Fargo CEO Charles Scharf, the latest among major bank executives the Massachusetts Democrat is targeting amid evidence of repeat fraud on Zelle, the instant-payments system owned by seven of the U.S.'s largest banks.

Wells Fargo failing to protect customers as Zelle scams soar, Sen. Warren charges in letter

U.S. Bancorp

S&P 500 52-week lows were hit like a third rail, and markets recoiled the other direction.

Huge 1500-Point Swing on the Dow After Disappointing CPI

Large banks rallied with the broader market today.

Why Shares of Bank of America, Citigroup, and Wells Fargo Are Rising on the Eve of Earnings

Wells Fargo & Co (NYSE: WFC) shares are reversing higher Thursday afternoon, up by 4.68% to $42.39. Shares of several banks and financial services companies are trading higher as stocks rebound following weakness earlier in the session.

What's Going On With Wells Fargo Stock Rebounding Higher Today? - Wells Fargo (NYSE:WFC)

If market swings tell us anything, it's that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog.

How to read big bank earnings

The financial sector reversed course to trade broadly lower Thursday, along with the broader stock market, after data showed that consumer inflation rose more than expected in September. The SPDR Financial Select Sector ETF XLF, -0.23% sank 1.8% in premarket trading, after being up about 1.3% just before the inflation data was released, as futures ES00, -1.77% for the S&P 500 SPX, -0.33% swung to a loss of 1.8% from a gain of 1.1%.

Bank stocks swing to broad losses after inflation data

Bank earnings kick off in a flurry this week. Wells Fargo, JPMorgan, Morgan Stanley, PNC, Citi all report quarterly results on Friday The post Bank Earnings Preview: JPMorgan, Wells Fargo, Morgan Stanley Lead Reports appeared first on Investor's Business Daily.

Bank Earnings Preview: JPMorgan, Wells Fargo, Morgan Stanley Lead Reports

NEW YORK , Oct. 12, 2022 /PRNewswire/ -- Wells Fargo Advisors announced Senior Portfolio Manager, Evan Savarick, has been promoted to Managing Director – Investments. This prestigious distinction is in recognition of his decade long experience and performance in the financial services industry, including his practice's impressive 300%+ growth across The Savarick Group's New York City & South Florida offices over the past 3 years.

Evan Savarick Promoted to Managing Director of Investments

An improving lending scenario and higher interest rate backdrop are expected to have driven Wells Fargo's (WFC) Q3 NII. A rise in investment banking fees is likely to have supported fee income.

News for Wells Fargo Stock (WFC)