Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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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.

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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 Securities and Exchange Commission on Friday said Wells Fargo & Co. WFC, -1.08% agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021.

Wells Fargo agrees to pay $7 million to failing to follow anti-money laundering rules

In making the new projection, Wells Fargo noted that "consumer activity has weakened" considerably as the economy confronts new COVID-19 outbreaks and restrictions, sky-high inflation and a strong U.S. dollar, in addition to the Russian war in Ukraine and aggressive Fed monetary policy.

A recession is now the base case scenario for Wells Fargo

Berkshire Hathaway (BRK.B) sells $32.4-million stake in Wells Fargo (WFC) as the latter's regulatory issues pile up over the years.

Should You Hold Wells Fargo (WFC) Stock After Buffett's Exit?

With more than 30% upside potential, WFC is a buy at prices around $45. The ongoing war in Ukraine, the pandemic, and most importantly, the uncertain monetary policies of the US Federal Reserve may keep WFC undervalued for now.

Despite All The Uncertainties, Wells Fargo Is A Buy

Wells Fargo can use this weak economic period to fully restructure the business. The company has long projected cutting $10 billion out of operating costs.

Wells Fargo: Firing Season

CFRA Research analyst Ken Leon on Tuesday downgraded Wells Fargo & Co. WFC, +3.55% to hold from buy and cut the firm's price target on the stock to $49 from $53 a share. "We think the transformation of WFC is likely to take longer and limit the upside potential to share price performance," Leon said in a research note.

CFRA downgrades Wells Fargo to hold from buy

Charlie Scharf said while a recession in the US seems hard to avoid, the strength of businesses and consumers would dampen its impact.

Wells Fargo's CEO says there is 'no question' that the US is heading into a downturn and it will be hard to avoid recession

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Paul Ricci has been named chief auditor, effective immediately. Ricci will report to the Audit Committee of the Wells Fargo board of directors and administratively to CEO Charlie Scharf. He also will join the Wells Fargo Operating Committee. As chief auditor, Ricci will lead the internal Audit organization. The organization's responsibilities include delivering independent and objective internal audit ass

Wells Fargo Names Paul Ricci as Chief Auditor

With the Federal Reserve moving rapidly to tame sky-high inflation by aggressively raising the benchmark federal funds rate, Charlie Scharf said that it is likely there will be some economic fallout.

US economy heading into downturn, Wells Fargo CEO warns: 'No question'

Warren Buffett's Berkshire Hathaway has been a top investor in Wells Fargo for the past few years, despite the company's fake account scandal, overcharging foreign-exchange customers and myriad other problems.

Warren Buffett's Berkshire Hathaway finally bails on Wells Fargo

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The Oracle of Omaha was very active in the markets.

Here's Every Stock Warren Buffett Bought or Sold in the First Quarter

SAN FRANCISCO--(BUSINESS WIRE)-- #ACH--With the release of Nacha's Top 50 financial institution ACH originators for 2021, Wells Fargo was confirmed as the top payment originator by volume on the Automated Clearing House (ACH) Network for the tenth consecutive year*. ACH payments are electronic, bank-to-bank money transfers processed through the ACH Network for consumers, businesses, and federal, state, and local governments. In 2021, Wells Fargo originated over 7.7 billion ACH payments, which accounts

Wells Fargo Maintains Status as #1 ACH Originator for the 10th Consecutive Year

Wells Fargo lowered GM's rating after market close Wednesday to "underweight" and cut the company's price target from $74 a share to $33 a share.

GM shares hit new 52-week low following Wells Fargo downgrade

A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans.

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

Wells Fargo & Co. said it's kicking off a new program to hire 100 spouses per year of people actively serving in the military over the next five years. The move coincides with Military Spouse Appreciation Day on Friday.

Wells Fargo unveils program to hire spouses of people serving in the military

SAN FRANCISCO--(BUSINESS WIRE)--Today, Wells Fargo & Company (NYSE: WFC) announces its Military Spouse Homefront Heroes Hiring program, offering mid- to high-level remote, hybrid, and in-office career opportunities with a focus on portability for spouses of those actively serving. The new program is designed to onboard 100 new employees each year for the next five years. Wells Fargo's Military Spouse Homefront Heroes Hiring (HHH) program is now accepting interested candidates into its talen

Wells Fargo Launches Military Spouse Hiring Program, Designed to Onboard 100 New Employees Per Year for the Next Five Years

Bank of America

Rocket Companies, Inc.

Markets got crushed Thursday as investors continued to digest the latest policy decisions of the Federal Reserve.

Why Shares of Rocket Companies, Bank of America, and Wells Fargo Fell Today

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced the formation of six distinct businesses within the Corporate & Investment Bank's (CIB) Markets group. The leaders of each business line report directly to Mike Riley and Dan Thomas, co-heads of Markets. “We are pleased to announce these organizational realignments, designed to better support the advancement of our strategic goals and enable the growth of our Markets business,” said Mike Riley. Dan Thomas

Wells Fargo Announces Markets Leadership Team in the Corporate & Investment Bank

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 4.00 percent from 3.50 percent, effective tomorrow, May 5, 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 b

Wells Fargo Bank Increases Prime Rate to 4.00 Percent

Shares of several companies in the broader financial services sector, including Wells Fargo & Co (NYSE: WFC), are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points. The Federal Reserve raised its target fed.

What's Going On With Wells Fargo Shares Today?

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today announced its interim targets for reducing greenhouse gas emissions attributable to its financing activities in the Oil & Gas and Power sectors. The 2030 reduction targets for these sectors, based on a 2019 baseline, are: Oil & Gas sector: 26% reduction in absolute emissions Power sector: 60% reduction in portfolio emissions intensity This is an important step in the company's work to realize its goal of net-zero greenhouse gas emissions

Wells Fargo Announces Interim Greenhouse Gas Reduction Targets for Oil & Gas and Power Sectors

Wells Fargo & Co has disclosed to the Office of Foreign Assets Control that certain foreign banks used its software to conduct transactions with sanctioned entities, the bank said in a regulatory filing on Tuesday.

Wells Fargo says its software was used for transactions with sanctioned entities

Bank of New York Mellon

Nu Holdings

U.S. Bancorp

In the third quarter of 2020, Berkshire Hathaway's ( BRK.A , Financial)( BRK.B , Financial) 13F report revealed the firm's financial services holdings had dropped below its technology holdings in terms of portfolio weight.

Warren Buffett's Portfolio Is Bracing for a Recession

DaVita

Globe Life Inc

Investors around the world are making the journey to Omaha, Nebraska to attend Berkshire Hathaway's ( BRK.A , Financial)( BRK.B , Financial) annual shareholder meeting this weekend, which is being held in person for the first time in two years.

5 Undervalued Buffett Stocks Ahead of Annual Meeting

JPMorgan Chase & Co

Mortgage rates rose at the fastest pace in 28 years.

News for Wells Fargo Stock (WFC)