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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Earnings per share

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Net PPE

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Stockholders equity

Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

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.

Wells Fargo & Co was accused in a lawsuit filed on Tuesday of mismanaging its employee health insurance plan and forcing tens of thousands of U.S. employees to overpay for prescription drugs.

Wells Fargo sued over employee prescription drug costs

Wells Fargo continues its long-standing relationship, joining L'ATTITUDE as the presenting sponsor of the 2024 conference SAN DIEGO , July 30, 2024 /PRNewswire/ -- L'ATTITUDE, the nation's premier business event focused on amplifying the critical importance and power of the U.S. Latino cohort, is extending its partnership with Wells Fargo. As the presenting sponsor of the 2024 conference, Wells Fargo will join L'ATTITUDE in its mission to highlight how the influential U.S. Latino cohort is Forging the Future of The New Mainstream Economy in 21st Century America.

L'ATTITUDE Partners with Wells Fargo to Celebrate the New Mainstream Economy Powered by U.S. Latinos

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire.

Wells Fargo must face lawsuit over sham job interviews

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JPMorgan, Goldman And Warren Buffett's Favorite Stock Share These Traits

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Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.

3 Stock Winners and 4 Losers So Far in Q2 Earnings Season

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While we think tech stocks will return to the front of the pack before long, we think bank stocks may fare better than many over the rest of the year,' says Capital Economics

Why bank stocks don't need ‘rotation out of tech' to keep rising after July jump

SAN FRANCISCO--(BUSINESS WIRE)-- #cdfis--Wells Fargo today shared the latest community impact of the company's Open for Business Fund, a roughly $420 million national small business recovery effort to help those hardest hit during and after the COVID-19 pandemic. Launched in 2020, grantees report the Open for Business Fund has now benefited more than 336,000 small businesses, empowering them to keep or create more than 461,000 jobs in communities across the nation. “We took the gross processing fees the.

Wells Fargo Shares Economic Impact from Open for Business Fund

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Sept. 1, 2024, to stockholders of record on Aug. 9, 2024. The third quarter dividend represents an increase of $0.05 per share, or 14%, from the prior quarter. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a di.

Wells Fargo & Company Increases Common Stock Dividend

Wells Fargo's (WFC) strength in fee-based income and capital adequacy seems favorable. However, the existing asset cap is a concern.

Is Wells Fargo (WFC) Worth a Bet Post Q2 Earnings Beat?

Wells Fargo beat earnings predictions for Q2, but missed on net interest income. The lender's non-interest income was driven by strong investment banking activity, however. Balance sheet quality did not materially deteriorate. Commercial real estate exposure is a key area worth watching going forward.

Wells Fargo: The Easy Money Has Been Made

Wells Fargo's stock (NYSE: WFC) has lost 17% YTD, as compared to the 18% rise in the S&P500 index over the same period. In sharp contrast, Wells Fargo's peer, Bank of America (NYSE: BAC), is up 25% YTD.

Net Interest Income Down 9% In Q2, What To Expect From Wells Fargo Stock?

Capital One

Capital One Financial is trading for a discount to book value and has some interesting long-term growth opportunities. Wells Fargo could have some major catalysts in the next couple of years.

The Smartest Bank Stocks to Buy With $1,000 Right Now

Wells Fargo's Q2 earnings showed a slight top-line and bottom-line beat, with an unchanged NII guidance that led to an initial market drop that recovered throughout the day. Net interest income has declined every quarter since Q4 22, but with Q2 drop rates decreasing and probabilities of rate cuts increasing, it suggests that this may be the bottom. Despite several risks and WFC being the underperformer among major banks over the past year, I have changed my rating from 'hold' to 'buy'

Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)

Bond yields for three of the four biggest money-center banks have continued to tighten against Treasurys following their earnings updates, in a positive sign of demand ahead of billions of dollars in fresh debt expected from the banks.

Bank bond spreads tighten as earnings spark buying ahead of fresh debt offerings

Shares of Wells Fargo & Co WFC recovered slightly in early trading on Monday, after tanking on Friday, following the second-quarter results.

Wells Fargo Shares Fall Despite Q2 Earnings Beat: 'Guidance Was Softer Than Expected — A Valid Concern'

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Donald Trump is safe following a rally shooting, but elections and major political events can cause stock markets to react. As the U.S. presidential election draws near, Wall Street has speculated how a change in administration might impact the markets. The S&P 500 is up ~45% under the Biden administration, led by energy, tech and industrial sectors. Following their first debate of 2024, markets have speculated about a ‘Trump Trade'.

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Wells Fargo beat on the top and bottom lines in the second quarter, but its net interest income was a disappointment. Most of the headwinds affecting Wells Fargo's business are temporary in nature.

This Cheap Stock Just Gave Investors a 14% Raise. Here's Why You Should Take a Look.

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Why This Banking Stock Might Be Nearing the Bottom of Its Cycle

Wells Fargo's recent earnings disappointed investors, but there's a lot to like from a long-term perspective.

This Top Bank Stock Just Went on Sale -- Here's Why It's Worth a Closer Look Right Now

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Q2 Earnings Growth Expected to Reach Two-Year High

After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday.

S&P 500 Gains and Losses Today: Wells Fargo Slips on Net Interest Income Miss

Earnings at two of the three large U.S. banks that traditionally launch the financial sector's quarterly earnings season exceeded investors' expectations Friday. But their income statements revealed the ongoing toll of higher interest rates and reflected concerns about a cooling economy.

What We Learned From Big Bank Earnings Friday

The latest readings on consumer sentiment and inflation helped lift the odds of the Fed easing in September.

Stock Market Today: Markets Bounce Back on Rate-Cut Optimism

Wells Fargo & Company (NYSE:WFC ) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Ken Usdin - Jefferies John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Steven Chubak - Wolfe Research Operator Welcome, and thank you for joining the Wells Fargo Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded.

Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript

Banks today are caught between an ongoing digital shift and a challenging macro environment.

News for Wells Fargo Stock (WFC)