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.

Bank of America

Bank of New York Mellon

Citigroup

JPMorgan Chase & Co

At the sound of the bell Wednesday morning, the three major stock indexes opened higher.

Earnings Previews: Bank of America, BNY Mellon, Citigroup, JPMorgan, Wells Fargo

Wells Fargo, once the number one player among major banks in the U.S. mortgage market, has said it will step back from the mortgage business ahead of its latest earnings report.

Wells Fargo Pulls Back From Mortgage Market

Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers.

Wells Fargo is scaling back its mortgage-lending business

Once the nation's biggest mortgage lender, the bank will lend primarily to existing customers and minority borrowers.

Wells Fargo Is Shrinking Its Mortgage Business

Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.”

Wells Fargo, once a mortgage giant, shrinks home-lending business

Wells Fargo said on Tuesday the bank would exit the correspondent business and reduce the size of its servicing portfolio to sharpen its focus on the mortgage business.

Wells Fargo to exit correspondent business, reduce mortgage servicing

It's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.

Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo (NYSE: WFC) announced today strategic plans to create a more focused Home Lending business aimed at serving bank customers, as well as individuals and families in minority communities. Notably, the company is exiting the Correspondent business and plans to reduce the size of its Servicing portfolio. These plans continue the work the company has advanced over the past three years to simplify this business.

Wells Fargo Announces Strategic Direction for Home Lending: A Smaller, Less Complex Business Focused on Bank Customers and Minority Communities

Goldman Sachs

Morgan Stanley

Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.

US banks get ready for shrinking profits and recession

Higher interest rates and decent loan demand are expected to have aided Wells Fargo's (WFC) Q4 earnings amid dismal mortgage business and higher provisions.

NII to Support Wells Fargo (WFC) Q4 Earnings, Mortgage to Hurt

WASHINGTON--( BUSINESS WIRE )--The Wells Fargo Foundation is expanding its commitment to housing affordability through another $20 million competition with Enterprise Community Partners (Enterprise) to find housing solutions. The second Housing Affordability Breakthrough Challenge will once again focus on three categories: Financing, Construction, and Access and Resident Support. Innovators are invited to compete for grants of up to $3 million and two years of technical assistance to transform ideas into solutions that can be replicated in the real-world. Applications will open on Jan. 31, 2023, and submissions will be accepted until March 3, 2023.

Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough Challenge

First Republic

Bank stocks are expected to move between 3.80% and 5.90% over this week's earnings announcements. Here's what the option market is saying.

How Much Will Bank Stocks Move On Earnings? Draw Estimates With Option Prices

Bed Bath & Beyond

KB Home

Taiwan Semiconductor Manufacturing

Q4 2022 Earnings Season in Focus

The 2023 earnings season starts with four major US banks reporting quarterly earnings this week. In light of the Federal Reserve's tightening of financial conditions, it is interesting to see the impact the interest rate hikes had on the US banks' profitability.

Top 4 US banks reporting quarterly earnings this week

Many in the market consider current earnings expectations to be too high and fear that the Q4 earnings season will cause estimates to be lowered significantly.

2022 Q4 Earnings Season Preview: Will Estimates Hold Their Ground?

J.P.Morgan Chase & Co., Wells Fargo Co., Citigroup Inc. and Bank of America Corp. will kick off fourth-quarter bank earnings reporting season next Friday as the banks face a choppy economic environment.

Banks gain favor in risk-off environment but earnings uncertainty remains

Amid broadly lower expectations, several bank earnings reports are being released Friday before the stock market's opening bell. The post Bank Earnings Among First Q4 Results As Profit Outlook Deteriorates appeared first on Investor's Business Daily.

Bank Earnings Among First Q4 Results As Profit Outlook Deteriorates

Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Wells Fargo (WFC) Q4 Earnings Expected to Decline

The consumer-oriented bank has always made less revenue in investment banking than its peers.

Wells Fargo Has Always Had a Smaller Investment Banking Operation. But That's Changing

SAN FRANCISCO--( BUSINESS WIRE )--Wells Fargo & Company (NYSE: WFC), as previously announced, will report its fourth quarter 2022 earnings results on Friday, Jan. 13, 2023, 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 at https://www.sec.gov.

Wells Fargo to Announce Fourth Quarter 2022 Earnings on Jan. 13, 2023

Banner

Eastern Bankshares, Inc.

Regions Financial

Since the pandemic started, the banking system has been awash in deposits and excess liquidity.

Deposits Now Matter Again: 5 Bank Stocks to Buy

Advanced Micro Devices

Chevron

NVIDIA

Charles Schwab

UnitedHealth Group

Exxon Mobil

Today, we will look at some key earnings reports slated for January. Earnings season can inform investors of industry group health and the health of the economy and stock market.

Key EPS Themes for January

Adobe

Autodesk

Amazon

Comcast

CME Group

Salesforce

Fortinet

Alphabet

Lam Research

Masco

Microchip Technology

MarketAxess Holdings

Monolithic Power Systems

ServiceNow

Palo Alto Networks

Polaris

Teradyne

U.S. Bancorp

Workday

West Pharmaceutical Services

Western Union

Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

U.S. Wide-Moat Stocks On Sale: The January 2023 Heat Map

Alibaba

Billionaire investor and Warren Buffett's trusted lieutenant Charlie Munger -run Daily Journal has filed its quarterly 13F, disclosing its investment holdings at the end of the fourth quarter.

Alibaba, BofA And More: Charlie Munger's Top Holdings At The End Of Q4

Blackrock Inc

Delta Air Lines

SYNNEX

The fourth quarter earnings season is set to start next week with many big financial organizations scheduled to report their earnings, including UnitedHealth Group, Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and more.

News for Wells Fargo Stock (WFC)