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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 |
Wells Fargo Stock Rises as Q3 Profit Falls Less Than Expected
Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit.
Wells Fargo shares surge as Q3 earnings top expectations
Wells Fargo & Co (NYSE:WFC, ETR:NWT) shares added more than 6% after the bank's third quarter earnings exceeded Wall Street's expectations. Adjusted earnings per share of $1.42 handily beat estimates of $1.28 but were down from $1.48 in the...
Here's What Key Metrics Tell Us About Wells Fargo (WFC) Q3 Earnings
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
JPM, WFC's Big Start to Bank Earnings
Daniel Kern says JPMorgan Chase (JPM) CEO Jamie Dimon is taking a "well-earned victory lap" after posting an earning beat. He breaks down the report to show how the banking giant is building a "powerhouse" for itself.
JP Morgan And Wells Fargo Kick Off Earnings Season
Key Takeaways
Wells Fargo (WFC) Q3 Earnings Beat Estimates
Wells Fargo (WFC) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.39 per share a year ago.
Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
CNBC's Leslie Picker reports on the bank's quarterly earnings results.
Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
Wells Fargo Reports Third Quarter 2024 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC)...
Wells Fargo's profit falls on lower interest income
Wells Fargo's profit fell in the third quarter as the bank's interest income was squeezed by subdued loan demand and higher payments to depositors.
Source: https://incomestatements.info
Category: Stock Reports