Wells Fargo & Company (WFC) Income Statement Analysis

See more : Redan S.A. (RDN.WA) 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)

Industry: Banks - Diversified

Sector: Financial Services

Website: https://www.wellsfargo.com

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's Preferred Shares Offer A Reliable 6.1% Dividend Yield

November 23, 2024seekingalpha.com

I favor Wells Fargo's Series L "busted" preferred shares due to their low call risk and potential for capital gains upon forced conversion. Wells Fargo's financial results are robust, with preferred dividends well-covered, requiring only 5% of net income, ensuring...

Top 3 Financial Stocks Set to Gain From Looser Regulations

November 22, 2024marketbeat.com

After several years of lackluster performance, financial stocks are one of the best-performing sectors in 2024. A key reason for this is the Federal Reserve's pivot to lower interest rates.

2 Stocks I Just Sold in November

November 22, 2024fool.com

Two longtime Fool.com contributors just made some moves in their own portfolios.

Senator Urges Fed to Maintain Asset Cap on WFC Over Compliance Issues

November 21, 2024zacks.com

Warren appealed to the Fed to keep the asset cap until Wells Fargo proves capable of handling the risks associated with managing a large institution.

Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted

November 20, 2024seekingalpha.com

Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. CEO Charlie Scharf has been addressing compliance issues since 2019, aiming to remove the cap...

Wells Fargo Supports Disaster Recovery With $2 million Grant to Team Rubicon

November 19, 2024businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)-- #community--The Wells Fargo Foundation is donating $2 million to Team Rubicon over the next two years to support lasting disaster relief, including most recently in the hard-hit Southeastern United States. This funding will enable thousands of volunteers,...

Wells Fargo (WFC) Stock Dips While Market Gains: Key Facts

November 18, 2024zacks.com

In the closing of the recent trading day, Wells Fargo (WFC) stood at $74.09, denoting a -0.34% change from the preceding trading day.

Wells Fargo Hits 52-Week High: Is WFC Stock Worth Considering?

November 18, 2024zacks.com

WFC hits 52-week high, driven by deposit growth, solid balance sheet and cost management. Yet, lower loan balance & declining mortgage banking income are woes.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

November 15, 2024businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation...