See more : Korab Resources Limited (KOR.AX) 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.
You may be interested
- Eni S.p.A. (ENI1.F) Income Statement Analysis – Financial Results
- Riyadh Cement Co. (3092.SR) Income Statement Analysis – Financial Results
- Yü Group PLC (YU.L) Income Statement Analysis – Financial Results
- Centrais Elétricas de Santa Catarina S.A. (CLSC4.SA) Income Statement Analysis – Financial Results
- Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) Income Statement Analysis – Financial Results
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 |
Wells Fargo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.
Easing cycle should be more favorable for banks going forward, says BofA's Ohsung Kwon
Steve Sosnick, Interactive Brokers chief strategist, and Ohsung Kwon, BofA Securities, talks the day's market action and upcoming bank earnings.
Neurodiversity workshops to be delivered at no cost to corporate America through UConn and Wells Fargo collaboration
$3.75 million grant from Wells Fargo to provide employers with free neurodiversity education, training, academic research, and talent connections STORRS, Conn. , Oct. 10, 2024 /PRNewswire/ -- Wells Fargo has partnered with the University of Connecticut's Center for Neurodiversity & Employment...
JPMorgan Vs. Wells Fargo: Which Bank Stock Is More Bullish Ahead Of Q3 Earnings?
Analysts and investors are keenly observing the stock performance of JPMorgan Chase & Co JPM and Wells Fargo & Co WFC ahead of their third-quarter earnings reports on Oct. 11.
How To Earn $500 A Month From Wells Fargo Stock Ahead Of Q3 Earnings
Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.
What to watch for when banks report Q3
Thomas Michaud, KBW president and CEO, joins 'Money Movers' to discuss what to watch for in Q3 bank earnings, how the Fed's path for rate cuts could impact the markets, and more.
What to Expect from Q3 Bank Earnings Starting This Week
U.S. banks are expected to see lower earnings in their third-quarter financial reports due to the ongoing impact of higher deposit costs.
Wells Fargo Stock Gears Up for Earnings
Wells Fargo & Co (NYSE:WFC) is slated to step into the earnings confessional before the market opens on Friday, Oct. 11.
Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns
In a surprising twist, Amazon.com Inc AMZN stock has been downgraded by Wells Fargo & Co WFC from overweight to equal weight, raising eyebrows in the investment community.
Wells Fargo and SUMA Wealth Launch Jefa Business Bootcamp, Equipping Latina Entrepreneurs With Tools and Knowledge to Build and Scale Their Business in Honor of Hispanic Heritage Month
LOS ANGELES--(BUSINESS WIRE)--In celebration of Hispanic Heritage month, SUMA Wealth, the fastest-growing financial technology company devoted to increasing prosperity for young U.S. Latinos and their families, and Wells Fargo today announced the launch of the Jefa Business Bootcamp, an educational...
Source: https://incomestatements.info
Category: Stock Reports