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

Other

Net occupancy

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal.

Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock

Former Wells Fargo CEO Tim Sloan has filed a lawsuit against the company, seeking over $34 million in unpaid compensation.  Sloan alleged that Wells Fargo unlawfully withheld his deferred pay and bonus after he stepped down as CEO in 2019, Bloomberg reported Friday (Dec. 1).

Former CEO Tim Sloan Sues Wells Fargo for $34 Million

Wells Fargo's (WFC) cost-saving measures, like branch closures and headcount reduction, will help offset falling revenue trends due to volatile fee income and NII decline.

Wells Fargo (WFC) Aided by Cost Control, Hurt by Lower Revenues

A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, as the bank faces an unprecedented campaign to unionize its workforce.

Wells Fargo accused of not paying overtime at shortstaffed US branches

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is Wells Fargo (WFC) a Buy as Wall Street Analysts Look Optimistic?

Bank of America

Citigroup

JPMorgan Chase & Co

While FDIC-Insured banks' (like JPM, BAC, C & WFC) Q3 earnings get support from higher rates and decent loan demand, rising funding costs, weak asset quality, a fall in non-interest income and lower deposit balance act as major spoilsports.

FDIC-Insured Banks' Q3 Earnings Down on Higher Provisions

Deutsche Bank

Goldman Sachs

The S&P 500 index has done well in 2023, helped by the so-called Magnificent 7. It initially jumped to a high of $4,607 in July and then pulled back to $4,103 in October.

S&P 500 (SPX) forecast 2024: Goldman, JPMorgan, Deutsche Bank, Wells Fargo

Charlie Munger is, without a doubt, one of the most famous investors in recent history. He served as the vice-chairman of Berkshire Hathaway (NYSE: BRK.A) for half a century and was described by Warren Buffett himself as his closest associate and right-hand man.

Lessons from a legend: Charlie Munger's most interesting trades

Investing in bank stocks is currently out of favor, due to concerns about weak lending activity, deposit beta, and credit impairments. Against negative sentiment, value investors see likely an opportunity to buy undervalued banking stocks, including Wells Fargo. Higher interest rates are a strong tailwind for banks' profitability, and Wells Fargo has shown resilience in its loan portfolio and deposit base.

Wells Fargo: Value Investors Say 'Thank You', Mr. Market

Altria

High dividend stocks to check out in the stock market today.

3 High Dividend Stocks For Your November 2023 Watchlist

Apple

Amazon

Boeing

Alphabet

Marathon Petroleum

Merck

Microsoft

Micron Technology

NVIDIA

Pfizer

Tesla

Valero Energy

In a simple world, the stock market is never more than earnings and the multiple investors assign to them.

These ten stocks, not just from tech, are the key to next year's S&P 500 earnings growth

Wells Fargo employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns.

Wells Fargo employees seek to form union in labor's rare foray into finance sector

Wells Fargo employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns.

Wells Fargo employees at two branches mount unionization campaign

Workers at two Wells Fargo & Co. WFC branches told The Wall Street Journal they're launching a unionization effort starting this week. In an industry with a tiny fraction of union representation, employees in Wells Fargo branches in Bethel, Alaska, and Albuquerque, N.M.

Wells Fargo employees at two bank branches launch unionization efforts: WSJ

AbbVie

American Express

Blackrock Inc

Crown Castle International

Itau Unibanco Holding S.A.

NIKE

Visa

Dividend growth companies are an essential part of a risk-adjusted, well-balanced, and extensively diversified dividend income portfolio. I will present you with a list of 10 currently attractive dividend growth companies that have shown an Average Dividend Growth Rate [CAGR] of 10.92% over the past 5 years. Their P/E [FWD] Ratio stands at 21.88 on average, suggesting that their Valuation is attractive, particularly when considering the companies' growth prospects.

Up To 16% Dividend Growth And Yields Reaching 6%: November's Top 10 Dividend Growth Stocks

Wells Fargo & Company's earnings remain strong, with net interest income increasing by approximately 10% compared to last year. The bank only needed about 5.5% of its earnings to cover the preferred dividends. The Wells Fargo Series L preferred shares are non-callable and offer a fixed dividend, making them an attractive investment.

Wells Fargo: I Started To Buy The 6.8% Yielding Preferred Shares

The four biggest banks in the United States are preparing to play an even bigger role in the U.S. economy in the 2020s. The four biggest banks have become such a dominate part of the industry and their model seems to be one of a financial fortress to function in the times ahead.

State Of The Banking System: Check Out The 4 Largest Banks

Morgan Stanley

U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said.

US bank profits to drop but industry stable after March crisis -analysts

U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with knowledge of the matter.

US regulators push Wells Fargo to improve financial crime monitoring - WSJ

The bank is facing a lawsuit claiming that it failed to detect an alleged Ponzi scheme.

Regulators Say Wells Fargo Isn't Doing Enough to Police Customer Crimes

Wells Fargo (WFC) is cutting less than 50 jobs in its corporate and investment banking segment amid merger slowdowns.

Wells Fargo (WFC) to Slash 50 IB Jobs Amid Deal Drought

Wells Fargo has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter said on Tuesday.

Wells Fargo to cut less than 50 investment banker jobs - source

Moody's

Moody's Investors Service cut its rating outlook to negative from stable on Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co., but the stocks rallied Tuesday on the heels of tame inflation data.

Bank of America, JPMorgan Chase and Wells Fargo shares shrug off Moody's outlook cut to negative from stable

Fifth Third Bancorp

While a rise in funding costs and waning loan demand will hurt Zacks Major Regional Banks, higher rates, manageable asset quality, robust economic growth and business restructuring efforts will offer support. Hence, industry players like JPM, WFC & FITB are worth betting on.

3 Major Regional Banks to Buy on High Rates, Economic Growth

Bank of New York Mellon

Comerica

Capital One

M&T Bank

PNC Financial Services

Truist Financial

U.S. Bancorp

Zions Bancorp

Many banks have reported significantly larger unrealized securities losses in 3Q as interest rates rose in the quarter. The unrealized losses have grown so large as to be orange flags for a few banks. One of the reasons there could be new increased capital requirements is because of the large unrealized losses across the banking industry.

News for Wells Fargo Stock (WFC)