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.

Citigroup

JPMorgan Chase & Co

Morgan Stanley

UnitedHealth Group

The three major U.S. equity indexes closed mixed on Tuesday. The Dow Jones industrials ended the day up 0.12%, the S&P 500 closed 0.65% lower, and the Nasdaq ended down 1.10%.

Earnings Previews: Citigroup, JPMorgan, Morgan Stanley, UnitedHealth, Wells Fargo

Goldman Sachs

PNC Financial Services

Charles Schwab

U.S. Bancorp

The banks are set to kick off what will be a closely-watched third-quarter earnings season when they report financial results this coming Friday.

Q3 Earnings Season Starts With The Banks: What Investors Need To Know Before Friday

Bank of America

The six biggest U.S. banks are expected to have set aside nearly $5 billion in the third quarter to cover future loan losses, Wall Street analysts said, as lenders brace for a potential global recession.

U.S. banks likely set aside $5 bln in Q3 reserves as recession risks grow

Four of the United States' largest globally systemically important banks (GSIBs) are reporting earnings this coming Friday, While net income could decline significantly, banks are well capitalized and liquid.

Bank Earnings Season Starts Next Week: Remember To Breathe!

Blackrock Inc

PepsiCo

Walgreens

The third quarter 2022 earnings season reporting officially kicks off next week with many big names in the financial world announcing their earnings, including JPMorgan Chase, Citigroup and more.

These Are The 10 Biggest Companies Revealing Earnings Next Week

JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick off the third-quarter bank earnings reporting season on Friday, Oct. 14 amid some of the most challenging economic times in at least a decade.

JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters

WFC stock is trying to bottom like a lot of other financial stocks ahead of its third-quarter earnings report. The post WFC Stock Moves Off Lows Ahead Of Q3 Earnings Report; UnitedHealth, TSM Stock Also Set To Report appeared first on Investor's Business Daily.

WFC Stock Moves Off Lows Ahead Of Q3 Earnings Report

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2022 earnings results on Friday, Oct. 14, 2022, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website a

Wells Fargo to Announce Third Quarter 2022 Earnings on Oct. 14, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Six members of Wells Fargo's Global Treasury Management (GTM) and Technology groups will appear on eight panels at the 2022 Sibos conference in Amsterdam from October 10-13. Tami Hudson, head of Cyber Security Client Office, will appear on the Fighting cybercrime in uncertain times panel on Monday, October 10 at 2:15 p.m.* and on the DEI Accelerator Fireside Chat on Tuesday, October 11 at 12:30 p.m. Lynne Kresse, GTM USD Banks Segment Solutions Leader, will appea

Wells Fargo to Participate in Sibos Conference from October 10-13

Wells Fargo (WFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wells Fargo (WFC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

U.S. banks are scheduled to report their quarterly results next week; ahead of which, Barclays' Jason Goldman picked Wells Fargo & Co (NYSE: WFC) as his favourite. Wells Fargo stock is more sensitive rate-sensitive The multinational financial services company is expected to earn $1.10 this quarter versus $1.17 a year ago.

Expert reveals the top bank stock to own ahead of earnings

While mortgage loans may continue to decline, banks that can keep loan volume up through personal loans, credit cards, and commercial banking have a chance to thrive in current economic conditions.

Time to Invest in this Big Bank Stock During High Inflation?

Citigroup Inc. analyst Keith Horowitz says jitters about systemic risks posed by Swiss banking giant Credit Suisse appear to be overblown.

Analyst sees no contagion to U.S. banks as Credit Suisse confronts challenges

SAN FRANCISCO--(BUSINESS WIRE)-- #Florida--Wells Fargo donates to hurricane relief in Florida.

Wells Fargo Donates $1 Million Toward Hurricane Relief in Florida

The Federal Reserve Board announced Thursday that it will conduct a climate risk analysis involving six of the largest U.S. banks beginning next year.

Fed enlists six major banks for climate risk analysis

The U.S. Federal Reserve Board should consider relaxing bank-merger guidelines focused on branch concentration, last updated in 1995, to account for competition from financial technology companies, Michelle Bowman, a governor at the Federal Reserve Board, said Wednesday.

Fed official suggests easing of big-bank merger rules as competition from fintech increases

NEW YORK , Sept. 27, 2022 /PRNewswire/ -- Wells Fargo Advisors today announced the addition of The Savarick Group.

The Savarick Group Joins Wells Fargo Advisors

Forbes is tracking the biggest layoffs in the U.S. this summer as companies react to fears of a looming recession.

Wells Fargo Reportedly Plans Staff Reductions—Here Are The Major U.S. Layoffs This Year

Two leading bank analysts expect Main Street banks to outperform Wall Street banks because of the decline in capital markets business; I can't disagree. Three of our Main Street banks are currently forbidden to do buybacks because of weak passes on Stress Tests; this greatly reduces a major element of shareholders returns.

Main Street Banks Should Beat Wall Street Banks - Wells Fargo Has An Edge

Truist Financial

The banking industry's top leaders face another day of hearings in Washington D.C.

Watch Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings

Wells Fargo is in the middle of a multi-year rebuild process. It's seeing growth in average deposits and promising credit card growth.

Wells Fargo Has Gotten Cheap, But Here Are 2 Better Alternatives

Three major U.S. banks said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.

Big U.S. banks' prime rate soars to highest since financial crisis

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 6.25 percent from 5.5 percent, effective tomorrow, Sept. 22, 2022. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of

Wells Fargo Bank Increases Prime Rate to 6.25 Percent

Chief executive officers of the country's seven largest consumer-facing banks tackled queries on inflation, racial equality in home lending, regulatory burdens and their views on an economic slowdown as two days of public hearings on Capitol Hill got under way Wednesday.

Bank CEOs push back on capital requirements in Capitol Hill hearings

As midterms heat up, Congress is eyeing ways to hold megabanks accountable to consumers.

News for Wells Fargo Stock (WFC)