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

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Net occupancy

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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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.

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Cost of revenue

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Operating expenses

SG&A

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EBITDA

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Book value per share

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Funds from operations

Change in working capital

Cash from investing

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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.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wells Fargo (WFC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

What Analyst Projections for Key Metrics Reveal About Wells Fargo (WFC) Q2 Earnings

Wells Fargo & Company WFC is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.

Wells Fargo Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Citigroup

JPMorgan Chase & Co

Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>

Earnings Season Gets Underway: Bank Earnings in Focus

Wells Fargo & Company WFC is slated to report second-quarter 2024 results on Jul 12, before the market opens.

Pre Q2 Earnings: How Should You Play Wells Fargo (WFC)?

Cigna

UnitedHealth Group

An article from MarketBeat about recent stock buybacks and share repurchase plans by large-cap companies such as Adobe (NASDAQ: ADBE ) and FedEx (NYSE: FDX ) got me thinking about the best stock buybacks of 2024.  According to S&P Dow Jones Indices, there were $236.8 billion in stock buybacks for S&P 500 companies in 2024's first quarter, up 8.1% from Q4 2023, and 9.9% from Q1 2023.

3 of the Best Stock Buybacks So Far in 2024

Wells Fargo said on Tuesday it has named Alexandra Barth as the co-head of its leveraged finance business, beefing up the lender's ranks as it looks to expand its investment banking operations.

Wells Fargo hires Alexandra Barth for leveraged finance unit

Bank of America

LPL Financial Hlds

Raymond James

Charles Schwab

State Street

JPMorgan Chase & Co. on Monday drew a downgrade to peer perform while Bank of America Corp. was highlighted as a top pick at Wolfe Research before the big banks deliver profit updates in the coming days.

JPMorgan downgraded on valuation, while Bank of America shines as top pick: analyst

Wells Fargo, which outperformed its peers, will report quarterly results on Friday before markets open. Wells Fargo stock traded in a narrow range between $57.00-$61.00, struggling to break above $60 despite strong stock grades. Last quarter (in Q1/2024), results met Wall Street estimates with strong earnings, lower credit losses, and net loan charge-offs.

5 Things To Consider Ahead Of Wells Fargo's Q2 2024 Earnings

JPMorgan Chase & Co., Wells Fargo & Co and Citigroup Inc. all report second-quarter earnings on Friday next week after relative strength in their stock prices this year as investors continue to lean into the U.S.'s largest banks as havens from banking sector woes.

JPMorgan Chase, Citi and Wells Fargo earnings to follow relative strength in their stocks

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its second quarter 2024 earnings results on Friday, July 12, 2024, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company's Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website.

Wells Fargo to Announce Second Quarter 2024 Earnings on July 12, 2024

I see Wells Fargo's strong commercial momentum to continue and project that future upside is underpinned by strategic investments in growth areas, improved efficiency, and a competitive deposit franchise, amongst others. The bank's robust capital position and attractive valuation support the argument for shareholder rewards, likely in excess of a 10% yield this year. I expect that a potential lifting of regulatory restrictions in 2024 could unlock a strong catalyst for share price upside, as investors reprice WFC's growth outlook.

Wells Fargo: Shareholder Distributions And Regulatory Relief Could Drive Further Upside

Wells Fargo beat the S&P 500's total return by about nine percentage points in the first half of 2024. There are still some big catalysts that could drive growth and returns in the coming years.

This Financials Stock Beat the S&P 500 in the First Half of 2024. Is It Still a Buy?

Bank of New York Mellon

Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.

5 S&P 500 Banks That Outperformed the Index in the First Half

Wells Fargo's second quarter is likely to resemble recent quarters, with modest underperformance in lending (outside cards), healthy non-interest income, and rising credit costs. CRE credit is likely to get worse from here, but Wells Fargo is already well-reserved and this is likely to be a multiyear process. Wells Fargo continues to make progress on resolving outstanding regulatory and compliance issues, and the removal of the asset cap should unlock significant growth opportunities.

Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential

Ally Financial

American Express

Citizens Financial Group

Capital One

First Citizens BancShares

Fifth Third Bancorp

Goldman Sachs

Huntington Bancshares

Morgan Stanley

M&T Bank

PNC Financial Services

SPDR S&P 500 ETF Trust

Truist Financial

U.S. Bancorp

With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday.

This is how much the largest 20 U.S. banks raised dividends after stress tests

Big banks plan to pay out more to shareholders after passing regulators' annual stress test results earlier this week.

Big Banks Boost Dividends After Passing Stress Tests

U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve's annual health check.

Top U.S. banks hike dividends after sailing through Fed's stress test

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2024 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Company expects its stress capital buffer (SCB) to be 3.8%, which represents a percentage amount of incremental capital the Company must hold above its minimum regulatory capital requirements. The Federal Reserve Board (FRB) has indicated that it will publish the Company's final SCB by August 31, 2024. The.

Wells Fargo Issues Statement Regarding the Federal Reserve's Stress Test Results and Intention to Raise Dividend by 14%

Oppenheimer analysts cautioned investors not to “burn too many brain cells on deciphering the Fed's logic” as analysts gave the annual exercise mixed reviews on Thursday.

Analysts praise banks and puzzle over Fed after stress tests

Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Federal Reserve's annual stress test.

US banks weather Fed's annual stress test, but risks rise

In the closing of the recent trading day, Wells Fargo (WFC) stood at $57.01, denoting a -0.33% change from the preceding trading day.

Wells Fargo (WFC) Stock Declines While Market Improves: Some Information for Investors

Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve's annual health test, easing fears about the banking sector as landlords struggle in a higher-for-longer interest rate world.

Big US banks withstand Fed's commercial real estate shock scenario

The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve's annual "stress test" exercise showed on Wednesday, but firms faced steeper hypothetical losses this year due to riskier portfolios.

US banks suffer steeper losses, but retain large cushions in annual Fed health check

The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared the hurdle of being able to absorb losses while maintaining more than the minimum required capital levels, the Fed said in a statement.

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

U.S. lenders have sufficient capital to withstand an economic catastrophe, the central bank determined.

News for Wells Fargo Stock (WFC)