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

Morgan Stanley

"These companies will make fortunes from higher rates," the "Mad Money" host said.

These 3 bank stocks will ‘make fortunes' from higher rates if the Fed pulls off a soft landing, Cramer says

Mortgage volume has plummeted as mortgage rates have soared.

Wells Fargo Expects Mortgage Banking Income to Drop 50% -- Is it Time to Buy or Sell the Stock?

Citigroup

Capital One

Goldman Sachs

JPMorgan Chase & Co

PNC Financial Services

Recession fears continue to drag bank stocks down, creating significant buying opportunities in financial shares. The post 7 Stocks to Buy Ahead of the June 23 Bank Stress Test Results appeared first on InvestorPlace.

7 Stocks to Buy Ahead of the June 23 Bank Stress Test Results

Webster Financial

In light of the Federal Reserve announcing the biggest interest rate hike in nearly three decades, five bank stocks with high guru buys as of the first-quarter 13F portfolio filing date are Citigroup Inc. ( C , Financial), JPMorgan Chase & Co. ( JPM , Financial), Webster Financial Corp. ( WBS , Financial), Bank of America Corp. ( BAC , Financial) and Wells Fargo & Co. ( WFC , Financial) according to the Aggregated Portfolio of Gurus, a Premium feature of GuruFocus.

5 Financial Services Stocks Gurus Are Banking On

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 4.75 percent from 4.00 percent, effective tomorrow, June 16, 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 4.75 Percent

Financial stocks spiked up, then pulled back after the Federal Reserve raised its target on overnight rates by 0.75 percentage points on Wednesday. Although the 75-basis-point hike was expected, it was still historic, as it was the biggest increase in nearly three decades, and was the Fed's way of saying it will act aggressively to fight inflation.

Bank stocks jump, then quickly pull back after Fed rate hike

Wells Fargo (WFC) might see a decline in its home lending portfolio and mortgage banking income. This might affect the company's fee income in the second quarter.

Wells Fargo (WFC) Q2 Mortgage Income to Fall, Buybacks Halt

Wells Fargo & Company (NYSE:WFC ) Morgan Stanley US Financials, Payments & CRE Conference June 14, 2022 8:45 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck All right. Thanks everybody for joining us this morning.

Wells Fargo & Company (WFC) Management Presents at Morgan Stanley US Financials, Payments & CRE Conference (Transcript)

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today announced it is doubling our support for women-owned businesses through its Connect to More℠ program after providing over 500 mentorship opportunities to women last year. This year, Wells Fargo will expand its partnership with the Nasdaq Entrepreneurial Center to provide over 1,000 complimentary mentorship opportunities through its signature 12-week Milestone Circles mentorship program and roughly 13,000 hours of technical assistance. “We hear f

Wells Fargo Delivers Mentorship for 1,000 Women-Owned Businesses

Wells Fargo & Co's Chief Financial Officer Mike Santomassimo told investors on Tuesday the bank is unlikely to release any of its cash reserves this quarter because of the "uncertainty" in the current economic environment.

Wells Fargo CFO says bank unlikely to release reserves amid 'uncertainty'

DENVER--(BUSINESS WIRE)--The Wells Fargo Innovation Incubator (IN2)'s 11th Cohort focuses on using biological solutions to improve the resilience of global food systems.

Wells Fargo Innovation Incubator Selects Five Agtech Companies Targeting Global Food Resiliency

But making Wells Fargo an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of WFC entered into oversold territory, changing hands as low as $38.79 per share.

Wells Fargo Becomes Oversold

It has often paid to buy big financials when they trade below book.

Goldman Sachs and Wells Fargo Are Now Trading Below Book Value. Time to Pounce.

PayPal

Upstart Holdings

Inflation came in hotter than expected in May.

Why Shares of PayPal, Upstart, and Wells Fargo Are Falling Today

Wells Fargo & Co (NYSE: WFC) shares are trading lower by 5.50% at $40.33. Shares of several banks and financial services companies are trading lower amid overall market weakness after CPI data showed prices rose in May.

Why Wells Fargo Shares Are Getting Hammered Today

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) issued the following statement responding to a New York Times article published today. “No one should be put through an interview without a real chance of receiving an offer, period. The diverse slate guidelines we put in place are meant to increase diverse representation across the company and we can see meaningful results in our hiring data since 2020. At the same time, it's important that implementation of our guidelines is

Wells Fargo response to New York Times article

The investigation follows a report alleging some hiring managers interviewed Black and female candidates for jobs that were already promised to other applicants.

Feds Reportedly Launch Criminal Probe Into Wells Fargo Following Allegations Of Sham Job Interviews

Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo violated federal laws by conducting fake job interviews, the New York Times reported.

Wells Fargo's hiring practices under criminal investigation: report

Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo & Co violated federal laws by conducting fake job interviews, the New York Times reported on Thursday, citing people familiar with the matter.

Federal prosecutors open criminal inquiry of Wells Fargo's hiring practices - NYT

The Center for Native Scholarships and the national bank continue their joint efforts to empower Native students ALBUQUERQUE, N.M. , June 8, 2022 /PRNewswire/ -- American Indian Graduate Center, the largest Native scholarship provider in the United States, and Wells Fargo continue their partnership with an $850,000, one-year contract that aims to empower hundreds of Native students in pursuing higher education.

Wells Fargo awards $850K to American Indian Graduate Center

Credit Suisse AG's CS, +1.59% warning of a second-quarter loss weighed on bank stocks on Wednesday, as the sector moved more deeply into the red than the broad market. The Dow Jones Industrial Average DJIA, -0.21% dropped 0.7%, while components JPMorgan Chase & Co. JPM, -0.68% and Goldman Sachs Group Inc. GS, -0.73% gave up 1% each.

Financial stocks outpace broad market into the red after Credit Suisse warning

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Amy Bonitatibus has been named Chief Communications and Brand Officer, effective Sept. 12, 2022. Bonitatibus will report to Bill Daley, vice chairman of Public Affairs. Bonitatibus joins Wells Fargo from Chase, the retail arm of JPMorgan Chase, where she served as Chief Communications Officer. In her role, Amy led all aspects of the company's media relations, public affairs, internal communications, socia

Wells Fargo Names Amy Bonitatibus as Chief Communications and Brand Officer

PHOENIX--(BUSINESS WIRE)-- #award--Sustainable Earth, a collaboration between Arizona State University (ASU) and Wells Fargo, has announced the launch of the Sustainable Earth Educators Awards (SEEAs) to celebrate the impact US educators and administrators are making in sustainable education. The program will award $20,000 in prize money, with individual award amounts up to $500. The SEEAs are open to any educator or administrator in the US who is integrating sustainability concepts in their classroom o

Sustainable Earth Launches Educator Award Program

There are once again opportunities in the banking sector after a sell-off this year.

Bank of America vs. Wells Fargo vs. JPMorgan Chase: Which Should You Buy?

Fitch Ratings on Monday upgraded its credit outlook for Wells Fargo & Co. WFC, -0.21% to "stable" from "negative" on the view that the bank will "maintain adequate financial performance to support the current rating despite the growth limitations associated with the asset cap as well as the operational and financial burden associated with remediation of regulatory orders."

News for Wells Fargo Stock (WFC)