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

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Purchase/sale of investments

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Other sources

Cash from financing

Change in stock

Change in debt

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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.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo announced its participation today at the Association for Financial Professionals (AFP) Conference in Philadelphia from October 23-26.

Wells Fargo to Participate Across AFP Conference Including Diversity, Equity, and Inclusion Roundtable

Bank of America

Goldman Sachs

Interest income is higher, trading activity is strong, and these banks delivered impressive numbers in the third quarter.

3 Bank Stocks I'd Buy More of Right Now

Wells Fargo's reputation is in tatters following reports of mass-scale fraud. Regulators have fined the bank repeatedly and capped its growth.

Here's what the Wells Fargo cross-selling scandal means for the bank's growth

The net effect on its top and bottom lines may not be as significant as you might have imagined.

2 of Wells Fargo's Businesses Took a Major Turn for the Worst Last Quarter, But

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Apple

The moment is a humbling one for Solomon, who seized on the possibilities within the nascent consumer business after becoming CEO four years ago.

Goldman's pivot away from money-losing Marcus shows that disrupting retail banking is hard

Wells Fargo's phony-accounts scandal came to light in 2016, and the bank is still dealing with the fallout.

Past Scandals Continue to Plague Wells Fargo, But I Still Like the Stock

--(BUSINESS WIRE)--New Wells Fargo report analyzes economic and social inequities facing tribal communities and what can be done to secure future economic resiliency.

Wells Fargo report reveals Indian Country's “Once-in-a-Seven-Generation Opportunity”

Citigroup

The bank hasn't repurchased shares in either of its last two quarters.

Why Won't Wells Fargo Buy Back Stock? It Has Plenty of Capital

The bank beat Wall Street expectations on earnings and revenue in its third quarter, though its profit was hurt by its decision to boost its loan loss reserves.

Jim Cramer says to buy Wells Fargo stock to capitalize on the Fed's rate hikes

Morgan Stanley

"The banks could never pull it off because the Fed kept rates so low that it was hard for them to make money. Now that's over," he said.

Jim Cramer says bank stocks could be the new market leaders

Earnings have revealed a divide between lenders on deposit pressures, though maybe not as much as the market thinks.

Funding Worries Hit Some Banks More Than Others

The market liked what it saw in the quarterly releases from JPMorgan (JPM), Citigroup (C) and even Wells Fargo (WFC) on an otherwise down day for the indexes.

Can Bank Stocks Maintain the Recent Momentum?

JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup reported their latest quarterly results this week.

Jim Cramer recaps 4 major banks' earnings reports

Wells Fargo & Company (NYSE:WFC ) Q3 2022 Earnings Conference Call October 14, 2022 10:00 AM ET Company Participants John Campbell - Director, Investor Relations Charlie Scharf - Chief Executive Officer Mike Santomassimo - Chief Financial Officer Conference Call Participants John McDonald - Autonomous Research Scott Siefers - Piper Sandler Ken Usdin - Jefferies Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Charles Peabody - Portales Partners Vivek Juneja - JPMorgan Gerard Cassidy - RBC Operator Welcome and thank you for joining the Wells Fargo Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded.

Wells Fargo & Company (WFC) Q3 2022 Earnings Call Transcript

JPMorgan and Wells Fargo saw their share prices rise after announcing their earnings, but it didn't help stocks overall.

Can Big Banks End the Bear Market?

Earnings Season Commences With Large Banks.

Earnings Season Commences With Large Banks

The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some U.S. government bonds to improve liquidity in the $24 trillion market.

US Treasury asks major banks if it should buy back U.S. government bonds

The bank reported earnings results from the third quarter of the year.

Why Shares of Wells Fargo Are Rising Today

Flat on Retail Sales for the month is a pretty good start in curbing inflation metrics on a wide scale.

Retail Sales Flat, JPM, WFC Beat on Q3 & More

Wells Fargo & Co. WFC, +4.70% on Friday reported total head count of 239,209 as of Sept. 30, down from 243,674 people at the end of the second quarter and 253,871 at the end of the year-ago quarter.

Wells Fargo headcount drops while ranks grow at JPM, Citi and Morgan Stanley

Rising rates, decent loan demand and robust trading aid Wells Fargo's (WFC) Q3 earnings amid muted mortgage banking performance and higher credit costs on worsening economic outlook.

Wells Fargo (WFC) Q3 Earnings Beat, Provisions & Mortgage Hurt

Wells Fargo & Company (NYSE:WFC) shares opened higher Friday after the bank reported its third-quarter earnings — beating earnings expectations despite a 31% drop in year-over-year profit. The bank reported a profit of $3.53 billion, $0.85 per share, for the three months ended September 30, down from $5.12 billion, $1.17 per share, a year earlier.

Wells Fargo shares rise on 3Q earnings beat; bank braces for potential recession

Source: Africa Studio / Shutterstock.com Banks stocks are in the news Friday as investors go over various earnings reports from major players in the space. JPMorgan Chase (NYSE: JPM ) is chief among them with the company's earnings beating estimates.

Why Are Bank Stocks in the Spotlight Today?

Wells Fargo (WFC) delivered earnings and revenue surprises of 19.27% and 4.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Wells Fargo Stock (WFC)