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

U.S. Bancorp

About 10 large U.S. banks have agreed to be part of a pilot program to extend credit services to people who do not have any credit score and thus, have been locked out of borrowing opportunities in the past, according to a Wall Street Journal story.  People may not have any credit history if they […] The post Wall Street banks hone in on new consumers: people with no credit scores appeared first on Invezz.

Wall Street banks hone in on new consumers: people with no credit scores

CHARLOTTE, N.C.--(BUSINESS WIRE)--Wells Fargo & Company's (NYSE: WFC) CEO of Consumer & Small Business Banking (CSBB) Mary Mack announced today the structure and leaders of her organization. Reporting to Mack: Kathy Barney will run Branch Banking Operations and Supervision Ed Kadletz leads Deposit Products Hilani Kerr will lead CSBB Strategy and Innovation David Kowach will lead a new organization focused on affluent client services Michelle Lee continues to lead the branches Shaun McDo

New Organizational Design for Wells Fargo's Consumer & Small Business Banking

At least 50 million U.S. adults, predominantly Blacks, Hispanics and the poor, have limited or no credit histories.

Some Big Banks May Consider Offering Credit Cards To Those Lacking Credit Scores, Says Report

JPMorgan Chase, Wells Fargo and U.S. Bancorp are among the big U.S. banks working on a government initiative to get credit into the hands of people with no or low credit scores, The Wall Street Journal reported on Thursday (May 13), citing sources. In order to get a clearer picture of how financially responsible people, the […]

Big US Banks Extending Credit To People Without Scores

Several major banks, including JPMorgan Chase and Wells Fargo, plan to join a scheme to offer credit cards to people with no credit score, The Wall Street Journal reported. The Journal reported that the scheme is part of a government-backed plan to expand access to credit. It is meant to benefit people who struggle to borrow but who can still be deemed financially responsible.

JPMorgan Chase, Wells Fargo, and several other banks plan to offer credit cards to people with no credit score, report says

Bank of America

Citigroup

Goldman Sachs

Morgan Stanley

The U.S. Federal Reserve has asked lenders to start providing information on the measures they are taking to mitigate climate change-related risks to their balance sheets, according to four people with knowledge of the matter.

Exclusive: Fed privately presses big banks on risks from climate change

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2021, it will redeem the remaining 14,000 shares (the “Redeemed Preferred Shares”) of its Non-Cumulative Perpetual Class A Preferred Stock, Series N (the “Series N Preferred Stock”). The redemption of the Redeemed Preferred Shares will trigger the redemption of the remaining 14,000,000 shares of the related depositary shares (the “Redeemed Depositary Shares”), each representing a 1/1,000 inter

Wells Fargo & Company Announces Redemption of its Series N Preferred Stock and Related Depositary Shares

PotlatchDeltic

A Diverse Financial Services Company and a Wood Products Company on a Solid Growth Track.

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The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling case numbers in major financial hubs, after sending most employees home early last year to help stem the spread of the virus.

Factbox: Global big banks plot back-to-office plans as vaccines roll out

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced support for OneTen, a coalition that brings U.S. companies together to improve hiring, retention, upskilling and advancement of Black and African American talent by creating one million family-sustaining careers over the next 10 years and fostering more diverse and inclusive corporate cultures. “As we continue to drive change at Wells Fargo, we are excited to join the OneTen coalition, which can play a signifi

Wells Fargo Joins OneTen Coalition to Hire, Upskill and Advance Black and African American Talent in the U.S.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced Evelyn Varner as head of Advice Enablement for Wealth & Investment Management (WIM). The new role is part of WIM's Advice and Planning center of excellence, which delivers advice and planning capabilities that will help advisors and clients work together to address a broad range of client needs, concerns, and goals. Varner will report to Michael Liersch, WIM head of Advice and Planning. “Evelyn's unique ba

Evelyn Varner Named Head of Advice Enablement for Wells Fargo Wealth & Investment Management (WIM)

Wells Fargo (WFC) is under scrutiny of the Consumer Financial Protection Bureau for mishandling consumer deposit accounts on grounds of suspicion of fraudulent activity.

Wells Fargo (WFC) Faces Probe Over Consumer Deposit Accounts

The Consumer Financial Protection Bureau is looking into how the bank formerly disclosed and assessed fees on certain consumer bank accounts.

Regulators Investigating Wells Fargo Over Past Bank-Account Fee Disclosures

KeyCorp

3 Stocks From the Flourishing Major Regional Bank Industry

The bank had a better-than-expected earnings report.

Why Wells Fargo Stock Gained 15% Last Month

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo responds to COVID-19 crisis in India with donation and support for employees.

Wells Fargo Responds to India COVID-19 Crisis

The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts that rattled the bank in 2016 and led to billions of dollars in fines and penalties.

U.S. Supreme Court refuses to revive Wells Fargo accounts scandal suit

Wells Fargo's stock (NYSE: WFC) has rallied 83% since the March 23 lows of last year and has gained 53% YTD. Further, at its current price of $46 per share, it is trading at the same level as its fair value of $46 – Trefis' estimate for Wells Fargo's valuation.

Up 53% YTD, Wells Fargo Stock Is Fairly Priced

Banks could have a lot to gain as the U.S. economy grows. Here are our favorites.

Ranking the Big Bank Stocks: Which Is the Best Buy Now?

All banks generally benefit as interest rates climb, but these could be especially big winners.

3 Bank Stocks That Could Be Big Winners as Rates Rise

Here's a rundown of the largest U.S. banks and the key differences among them.

The 5 Biggest Bank Stocks Investors Need to Know

Of the largest U.S. banks, here are two our contributors think are capable of huge returns.

Could These 2 Big Bank Stocks Produce 10X Returns?

Wells Fargo is bigger than Bank of America in terms of the number of physical banking branches, while BAC is larger than WFC with respect to other key financial metrics. Wells Fargo's FY 2021 earnings outlook is positive with expectations of more credit losses reserves being released and a narrowing of its YoY net interest income decline.

Bank Of America Vs. Wells Fargo Stock: Which Is A Better Buy

Roughly 57% of investor votes cast on Tuesday backed Wells Fargo & Co's executive pay plan for 2020, marking a narrow win for a proposal most shareholders usually rubberstamp.

About 57% of votes cast in favor of Wells Fargo's 2020 pay plan

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that its shareholders elected as directors the 12 nominees named in the company's proxy statement and approved an advisory proposal on 2020 executive compensation. Shareholders also ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for 2021. Shareholders did not approve the four shareholder proposals presented at the meeting. The final voting results will be re

News for Wells Fargo Stock (WFC)