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.

Wells Fargo said on Tuesday its board had authorized a new share buyback program of up to $30 billion.

Wells Fargo approves new $30 billion share buyback program

Wells Fargo & Co. WFC, -2.02% on Tuesday said its board OK'd a new share buyback program of up to $30 billion. The bank also said its board approved a quarterly dividend of 35 cents per share, adding that the third-quarter dividend marked an increase of 5 cents a share from the prior quarter.

Wells Fargo shares rise after $30 billion buyback, dividend raise

Wells Fargo announced a $30 billion stock buyback and approved a dividend increase.

Wells Fargo announces $30 billion buyback, shares rise

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an increase of $0.05 per share from the prior quarter. The Wells Fargo board of directors also authorized a new common stock repurchase program of up to $30 billion. The program will be executed consistent with the company'.

Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program

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After years of a low interest rate environment, which is still trending higher, many investors have turned to equities not only for the growth potential but also for solid and dependable dividends that help to provide an income stream.

5 Wall Street Analyst Favorite ‘Strong Buy' Companies Expected to Raise Their Dividends This Week

Wells Fargo's reported solid results for the second-quarter. Despite a 0.11% decline in net interest margin and a 1% decrease in deposits, Wells Fargo remains an attractive investment due to its share buyback strategy and generous dividends. The bank's significant exposure to the commercial real estate sector and its declining deposit base are potential risks.

Wells Fargo: 9.8x FWD P/E, 17% Dividend Raise, 3% Yield

Bank of America

Citigroup

Citizens Financial Services Inc

East West Bancorp

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The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That stress has caused banks and other lenders to tighten their standards for new loans and scrutinize existing ones.

Factbox: U.S. banks increase reserves for commercial real estate exposure

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares U.S. Financials ETF

iShares US Financial Services ETF

Invesco KBW Bank ETF

Vanguard Financials ETF

Resilient consumers but a cautious corporate behavior pulled the strings on banking earnings in the second quarter.

Bank ETFs in Focus on Consumer vs Corporate Tug-of-War in Q2

U.S. banks benefited from higher interest rates in the second-quarter, driving a rally in major indexes, but lower consumer spending, slower loan growth and the increased costs of retaining deposits cloud the outlook for the sector.

US banks' second quarter earnings: the results in charts

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Microsoft

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Visa

In today's article, I will introduce you to 10 dividend growth companies that I believe are attractive to invest in right now. The 10 selected picks have shown an Average Dividend Growth Rate [CAGR] of 22.27% over the past 5 years. The Average P/E [FWD] Ratio of the selected picks stands at 21.52, which is attractive in my opinion due to the companies' growth perspectives.

My Top 10 Dividend Growth Stocks To Invest In For July 2023

Wells Fargo has a lot of excess capital right now. The bank's earnings should continue to improve and it will also have time to build more capital.

Despite Incoming Higher Capital Requirements, Wells Fargo Remains Well Positioned to Buy Back Stock

Wells Fargo is one of the largest commercial real estate lenders among the large banks. Wells Fargo has exposure in commercial real estate it will need to deal with.

Here's How Wells Fargo Is Preparing to Deal With Issues in Its Office Loan Portfolio

U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped investors from buying their stocks as a bet on revived dealmaking.

Investors cheer Wall Street's green shoots as bank executives stay cautious

Big banks have reported their second-quarter earnings over the past week. JPMorgan's profits surged to a record high after it bought First Republic.

Yes, Wall Street's biggest lenders got even richer after Silicon Valley Bank collapsed

SPDR S&P Regional Banking ETF

Invesco S&P 500 Equal Weight ETF

Exchange-traded funds that buy bank stocks were jumping Tuesday as investors assessed Wall Street's latest batch of second-quarter earnings results from giants including Bank of America and Morgan Stanley.

Bank ETFs bounce, with this fund heading for potentially best month since 2021

Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector.

U.S. banks shares spark after interest income boost, but outlook mixed

Bank stocks have gained on largely positive earnings results. But firms are bracing for hits from commercial real estate and other losses.

Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Realty Income Corp

Verizon

With the market surging, investors might think that the best opportunities have passed them by. But don't fear, there are still many worthwhile undervalued stocks to buy today.

The 3 Most Undervalued Stocks to Buy Now: July 2023

Citigroup Inc. and Wells Fargo & Company are still adapting to changes in the commercial banking industry.  Both institutions are in the process of redefining themselves amidst industry changes. The two large commercial banks are navigating shifts toward a new era in banking. Citigroup saw a decline year-over-year in its Return on Tangible Common Equity as it continues to restructure and build up a stronger economic base.

Banks Mixed: Citigroup And Wells Fargo

Wells Fargo & Co. WFC, -0.34% stock was down by 0.1% in premarket trades Monday, as Odeon Capital downgraded the stock to neutral from buy. While the bank's second-quarter profit of $1.25 a share beat the analyst consensus estimate of $1.16 a share, other data points were more troubling, analyst Richard Bove said in a research note.

Wells Fargo draws downgrade to neutral at Odeon Capital

JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.”

The nation's biggest banks are gearing up for more consumer struggles ahead

There was plenty to like from the banks, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.

Q2 Earnings Season: A Good Start So Far

Wells Fargo & Company (NYSE:WFC ) Q2 2023 Earnings Conference Call July 14, 2023 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research John Pancari - Evercore ISI Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Erika Najarian - UBS Matt O'Connor - Deutsche Bank Vivek Juneja - JPMorgan Charles Peabody - Portales Partners Operator Welcome, and thank you for joining the Wells Fargo Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Wells Fargo & Company (WFC) Q2 2023 Earnings Call Transcript

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and moving their money in search of higher yields.

News for Wells Fargo Stock (WFC)