See more : Miton UK MicroCap Trust plc (MINI.L) Income Statement Analysis – Financial Results
Complete financial analysis of Wells Fargo & Company (WFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wells Fargo & Company, a leading company in the Banks – Diversified industry within the Financial Services sector.
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Wells Fargo & Company (WFC)
About Wells Fargo & Company
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise 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 services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77.20B | 73.79B | 78.49B | 72.34B | 85.06B | 86.41B | 87.12B | 87.39B | 83.83B | 81.97B | 82.31B | 84.60B | 79.47B | 84.43B | 88.50B | 42.23B | 38.66B | 34.95B | 32.95B | 30.06B | 28.39B | 24.50B | 20.15B | 19.71B | 16.78B | 15.42B | 7.00B | 6.27B | 5.13B | 4.44B | 3.92B | 3.21B | 2.62B | 1.86B | 1.49B | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -5.40B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 82.60B | 73.79B | 78.49B | 72.34B | 85.06B | 86.41B | 87.12B | 87.39B | 83.83B | 81.97B | 82.31B | 84.60B | 79.47B | 84.43B | 88.50B | 42.23B | 38.66B | 34.95B | 32.95B | 30.06B | 28.39B | 24.50B | 20.15B | 19.71B | 16.78B | 15.42B | 7.00B | 6.27B | 5.13B | 4.44B | 3.92B | 3.21B | 2.62B | 1.86B | 1.49B | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 106.99% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 35.83B | 5.19B | 5.72B | 6.71B | 6.75B | 6.59B | 38.46B | 38.23B | 35.91B | 34.84B | 35.02B | 0.00 | 28.93B | 28.41B | 28.32B | 12.94B | 13.37B | 11.93B | 10.46B | 8.92B | 8.45B | 7.37B | 6.18B | 5.49B | 4.40B | 4.42B | 2.36B | 2.10B | 1.75B | 1.57B | 1.42B | 1.09B | 891.90M | 642.50M | 528.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 812.00M | 505.00M | 600.00M | 600.00M | 1.08B | 857.00M | 614.00M | 595.00M | 606.00M | 653.00M | 610.00M | 578.00M | 8.86B | 8.69B | 8.02B | 2.68B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 48.53B | 46.29B | 48.06B | 48.48B | 49.17B | 46.32B | 39.07B | 38.83B | 36.51B | 35.49B | 35.63B | 34.42B | 28.93B | 28.41B | 28.32B | 12.94B | 13.37B | 11.93B | 10.46B | 8.92B | 8.45B | 7.37B | 6.18B | 5.49B | 4.40B | 4.42B | 2.36B | 2.10B | 1.75B | 1.57B | 1.42B | 1.09B | 891.90M | 642.50M | 528.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 10.99B | 5.73B | 9.19B | 9.09B | 9.84B | 19.54B | 13.60B | 13.54B | 13.57B | 13.20B | 15.95B | -78.11B | -86.10B | -89.26B | -42.56B | -26.19B | -21.85B | -24.40B | -24.40B | -23.95B | -19.31B | -14.11B | -10.79B | -10.20B | -11.48B | -4.64B | -3.96B | -3.01B | -3.24B | -3.04B | -2.25B | -1.24B | -496.90M | -254.00M | 211.20M | -29.80M | 121.70M | 107.60M |
| Operating Expenses | 48.53B | 57.28B | 53.79B | 57.67B | 58.26B | 56.16B | 58.61B | 52.42B | 50.05B | 49.07B | 48.83B | 50.37B | -49.18B | -57.69B | -60.95B | -29.62B | -12.83B | -9.92B | -13.94B | -15.47B | -15.50B | -11.94B | -7.93B | -5.30B | -5.81B | -7.06B | -2.28B | -1.87B | -1.26B | -1.67B | -1.62B | -1.17B | -344.80M | 145.60M | 274.70M | 211.20M | -29.80M | 121.70M | 107.60M |
| Cost & Expenses | 48.53B | 57.28B | 53.79B | 57.67B | 58.26B | 56.16B | 58.61B | 52.42B | 50.05B | 49.07B | 48.83B | 50.37B | -49.18B | -57.69B | -60.95B | -409.00M | -12.83B | -9.92B | -13.94B | -15.47B | -15.50B | -11.94B | -7.93B | -5.30B | -5.81B | -7.06B | -2.28B | -1.87B | -1.26B | -1.67B | -1.62B | -1.17B | -344.80M | 145.60M | 274.70M | 211.20M | -29.80M | 121.70M | 107.60M |
| Interest Income | 85.12B | 54.02B | 39.69B | 47.80B | 66.08B | 64.65B | 58.91B | 53.66B | 49.28B | 47.55B | 47.09B | 48.39B | 49.41B | 52.80B | 56.27B | 34.90B | 35.18B | 32.24B | 25.96B | 20.97B | 19.42B | 18.83B | 19.20B | 18.73B | 14.38B | 14.06B | 6.70B | 6.32B | 5.72B | 4.39B | 3.73B | 3.43B | 3.43B | 2.78B | 2.40B | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 32.74B | 9.07B | 3.92B | 7.96B | 18.85B | 14.65B | 9.35B | 5.91B | 3.98B | 4.03B | 4.29B | 5.16B | 6.65B | 8.04B | 9.95B | 9.76B | 14.20B | 12.29B | 7.46B | 3.82B | 3.41B | 3.98B | 6.74B | 7.86B | 5.02B | 5.07B | 2.66B | 2.62B | 2.45B | 1.59B | 1.36B | 1.42B | 1.80B | 1.63B | 1.44B | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 6.27B | 7.31B | 8.49B | 8.97B | 7.92B | 5.59B | 5.41B | 4.97B | 35.86B | 36.21B | 35.09B | 31.46B | 1.88B | 1.92B | 2.84B | 1.67B | 1.53B | 3.22B | 4.16B | 3.45B | 4.31B | 3.50B | 2.96B | 1.79B | 1.89B | 1.21B | 853.20M | 681.60M | 311.80M | 232.20M | 194.80M | 310.70M | 149.10M | 94.70M | 59.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 27.91B | 22.28B | 37.31B | 0.00 | 0.00 | 34.13B | 0.00 | 37.09B | 69.50B | 70.13B | 67.72B | 31.28B | 25.86B | 21.20B | 21.88B | 0.00 | 0.00 | 13.66B | 12.54B | 13.19B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 211.20M | -29.80M | 121.70M | 107.60M |
| EBITDA Ratio | 36.15% | 40.58% | 73.51% | 11.17% | 61.05% | 66.05% | 68.45% | 78.91% | 85.56% | 88.36% | 85.27% | 74.38% | 40.48% | 33.95% | 34.35% | 34.77% | 70.78% | 80.83% | 70.31% | 60.00% | 60.56% | 65.52% | 75.34% | 82.20% | 76.67% | 62.03% | 79.58% | 81.08% | 81.46% | 67.60% | 63.56% | 73.33% | 92.53% | 112.95% | 122.46% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 28.67B | 14.97B | 28.85B | 4.04B | 25.97B | 28.54B | 29.82B | 34.48B | 35.86B | 36.21B | 35.09B | 31.46B | 30.29B | 26.74B | 27.56B | 13.01B | 25.83B | 25.03B | 19.01B | 14.59B | 12.89B | 12.56B | 12.22B | 14.41B | 10.97B | 8.36B | 4.71B | 4.40B | 3.87B | 2.77B | 2.30B | 2.04B | 2.28B | 2.00B | 1.76B | 211.20M | -29.80M | 121.70M | 107.60M |
| Operating Income Ratio | 37.14% | 20.29% | 36.76% | 5.59% | 30.53% | 33.03% | 34.22% | 39.46% | 42.78% | 44.18% | 42.64% | 37.19% | 38.12% | 31.67% | 31.14% | 30.82% | 66.82% | 71.62% | 57.68% | 48.52% | 45.40% | 51.25% | 60.65% | 73.11% | 65.38% | 54.21% | 67.38% | 70.20% | 75.39% | 62.38% | 58.58% | 63.65% | 86.84% | 107.84% | 118.48% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -7.03B | -6.83B | -6.45B | -9.19B | -9.09B | -9.84B | -19.54B | -13.60B | -13.54B | -13.57B | -13.20B | -2.99B | -2.34B | 960.00M | -3.92B | -2.98B | -250.00M | -33.00M | -229.00M | -194.00M | -3.41B | -3.70B | -6.74B | -7.86B | -5.02B | -5.07B | -2.66B | -2.62B | -2.45B | -1.59B | -1.36B | -1.34B | -1.80B | -1.63B | -1.44B | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 21.64B | 14.97B | 28.82B | 2.51B | 25.97B | 28.54B | 27.38B | 32.12B | 33.64B | 33.92B | 32.63B | 28.47B | 23.66B | 19.00B | 18.00B | 3.59B | 11.63B | 12.75B | 11.55B | 10.77B | 9.48B | 8.85B | 5.48B | 6.55B | 5.95B | 3.29B | 2.05B | 1.78B | 1.42B | 1.18B | 937.70M | 699.60M | 475.10M | 375.30M | 318.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 28.03% | 20.29% | 36.71% | 3.46% | 30.53% | 33.03% | 31.42% | 36.76% | 40.13% | 41.38% | 39.64% | 33.65% | 29.77% | 22.50% | 20.34% | 8.49% | 30.08% | 36.46% | 35.05% | 35.83% | 33.38% | 36.14% | 27.19% | 33.23% | 35.46% | 21.36% | 29.30% | 28.43% | 27.71% | 26.58% | 23.93% | 21.78% | 18.13% | 20.22% | 21.40% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 2.61B | 2.09B | 5.58B | 1.16B | 5.76B | 5.66B | 4.92B | 10.08B | 10.37B | 10.31B | 10.41B | 9.10B | 7.45B | 6.34B | 5.33B | 743.00M | 3.57B | 4.26B | 3.88B | 3.76B | 3.28B | 3.14B | 2.06B | 2.52B | 2.20B | 1.34B | 698.70M | 627.60M | 466.80M | 380.20M | 284.10M | 181.20M | 76.60M | 94.70M | 81.20M | -211.20M | 29.80M | -121.70M | -107.60M |
| Net Income | 19.14B | 13.68B | 22.11B | 1.79B | 19.72B | 22.39B | 22.18B | 21.94B | 22.89B | 23.06B | 21.88B | 18.90B | 15.87B | 12.36B | 12.28B | 2.66B | 8.06B | 8.42B | 7.67B | 7.01B | 6.20B | 5.43B | 3.41B | 4.03B | 4.01B | 1.95B | 1.35B | 1.15B | 956.00M | 800.40M | 653.60M | 446.70M | 398.50M | 280.60M | 237.00M | 211.20M | -29.80M | 121.70M | 107.60M |
| Net Income Ratio | 24.80% | 18.54% | 28.17% | 2.47% | 23.18% | 25.92% | 25.46% | 25.10% | 27.31% | 28.13% | 26.58% | 22.34% | 19.97% | 14.64% | 13.87% | 6.29% | 20.84% | 24.09% | 23.28% | 23.33% | 21.85% | 22.18% | 16.93% | 20.43% | 23.92% | 12.65% | 19.31% | 18.42% | 18.62% | 18.02% | 16.68% | 13.91% | 15.21% | 15.12% | 15.94% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 4.88 | 3.17 | 4.99 | 0.43 | 4.08 | 4.67 | 4.14 | 4.03 | 4.18 | 4.17 | 3.95 | 3.40 | 2.85 | 2.23 | 1.76 | 0.76 | 2.41 | 2.50 | 2.27 | 2.07 | 1.85 | 1.60 | 1.00 | 1.18 | 1.16 | 0.59 | 0.90 | 0.79 | 0.70 | 0.61 | 0.48 | 0.30 | 0.37 | 0.35 | 0.32 | 0.28 | -0.04 | 0.17 | 0.15 |
| EPS Diluted | 4.83 | 3.14 | 4.95 | 0.43 | 4.05 | 4.63 | 4.10 | 3.99 | 4.12 | 4.10 | 3.89 | 3.36 | 2.82 | 2.21 | 1.75 | 0.75 | 2.38 | 2.47 | 2.25 | 2.05 | 1.83 | 1.58 | 0.99 | 1.16 | 1.15 | 0.59 | 0.89 | 0.78 | 0.68 | 0.60 | 0.47 | 0.30 | 0.37 | 0.34 | 0.32 | 0.28 | -0.04 | 0.16 | 0.15 |
| Weighted Avg Shares Out | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B | 4.80B | 5.01B | 5.11B | 5.21B | 5.32B | 5.37B | 5.35B | 5.28B | 5.23B | 4.55B | 3.38B | 3.35B | 3.37B | 3.37B | 3.38B | 3.36B | 3.40B | 3.41B | 3.41B | 3.43B | 3.24B | 1.50B | 1.46B | 1.32B | 1.26B | 1.32B | 1.40B | 1.03B | 812.17M | 740.00M | 741.05M | 703.64M | 719.35M | 697.04M |
| Weighted Avg Shares Out (Dil) | 3.72B | 3.84B | 4.10B | 4.13B | 4.43B | 4.84B | 5.02B | 5.11B | 5.21B | 5.32B | 5.37B | 5.36B | 5.32B | 5.26B | 4.56B | 3.39B | 3.38B | 3.41B | 3.41B | 3.43B | 3.40B | 3.44B | 3.45B | 3.46B | 3.47B | 3.28B | 1.52B | 1.47B | 1.35B | 1.28B | 1.35B | 1.40B | 1.04B | 824.12M | 740.00M | 754.29M | 703.64M | 743.33M | 723.85M |
FORE Biotherapeutics to Participate in the Wells Fargo Virtual Private Biotech Symposium
PHILADELPHIA--(BUSINESS WIRE)--FORE Biotherapeutics today announced that the Company will participate in the Wells Fargo Virtual Private Biotech Symposium on Thursday, December 12. William Hinshaw, Chief Executive Officer and Michael Byrnes, Chief Financial Officer, will host and participate in one-on-one meetings....
Wells Fargo (WFC) Is Up 0.28% in One Week: What You Should Know
Does Wells Fargo (WFC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Wells Fargo (WFC) Upgraded to Buy: What Does It Mean for the Stock?
Wells Fargo (WFC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Wells Fargo (WFC) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Wells Fargo to Present at the Goldman Sachs Financial Services Conference
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs Financial Services Conference on Wednesday, Dec. 11, 2024 at 8:40 a.m. ET. The live webcast will be available...
Wells Fargo Selling San Francisco HQ in Eastward Expansion
Wells Fargo is reportedly selling its San Francisco headquarters as its leadership heads east. The banking giant's office in San Francisco's Financial District could go up for sale as soon as this month, the Wall Street Journal (WSJ) reported Wednesday...
US Stocks Likely To Open Higher As Investors Gear Up For A Historically Strong Month: Wells Fargo Strategists See Trump Policies Setting A Backdrop Where 'Equities Continue To Rally'
U.S. stocks could open on a positive note on Wednesday after the averages maintained a cautious stance on Tuesday. Futures of all three major indices were up on Wednesday, pointing to an optimistic sentiment on Wall Street.
Wells Fargo to sell San Francisco headquarters, WSJ reports
Wells Fargo is set to sell its San Francisco headquarters, the Wall Street Journal reported on Tuesday, as the U.S. banking giant shifts its focus to the country's East Coast.
Wells Fargo to Sell San Francisco Headquarters
The move is part of a broader shift in the bank's power base to the East Coast.
Integer resumed with an Overweight at Wells Fargo
Wells Fargo analyst Nathan Treybeck resumed coverage of Integer with an Overweight rating and $160 price target. Wells believes that year over year comps are normalized in 2025 and that the company has several tailwinds that could drive upside to...
Source: https://incomestatements.info
Category: Stock Reports