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

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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.

Morgan Stanley

Constellation Brands

Advance Auto Parts

Diageo

Netflix

Paychex

Trade Desk

Take-Two Interactive Software

Walgreens

Workday

Here are some of the tickers on my radar for Thursday, Sept. 28, taken directly from my reporter's notebook.

Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast

Wells Fargo has been working to improve efficiency ratios via reducing operating costs, but still has room for improvement compared to other banks. The bank has been actively repurchasing shares and reducing its share count, positioning itself for future EPS growth. The stock is cheap at 8x EPS targets.

Wells Fargo: Rough Times Will Eventually Turn

Bank of America

Citigroup

Fifth Third Bancorp

Goldman Sachs

Interactive Brokers

LPL Financial Hlds

Oppenheimer Holdings

Truist Financial

U.S. Bancorp

Voya Financial

The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter.

U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

The bank is planning to convert the 400,000 square feet of space at 20 Hudson Yards into offices, according to Bloomberg News.

Wells Fargo to buy NYC Neiman Marcus space at Hudson Yards for $550M: report

Wells Fargo & Co. is planning to spend $550 million to acquire 400,000 feet of retail space in New York City's Hudson Yards and convert it into office space in one of the largest commercial real estate deals this year in the Big Apple, Bloomberg reported on Wednesday.

Wells Fargo buying office space at New York's Hudson Yards that was formerly a Nieman Marcus store

Wells Fargo (WFC) forms a direct lending fund, Overland Advisors, with private equity firm Centerbridge Partners to provide loans to non-sponsor middle-market companies.

Wells Fargo (WFC), Centerbridge Partners Form $5B Lending Fund

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer base. The new feature enables Spanish-speaking customers to take advantage of the solution that is already providing a more personalized, convenient, and simple banking experience to customers using the Wells Fargo Mobile® app on their smartphones. “Seeing the volume of Fargo interactions since i.

Wells Fargo's Virtual Assistant, Fargo, Expands Capabilities with Spanish-Language Feature

Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated through the launch of Overland Advisors, a business development company focused on making senior secured loans, the companies said in a Tuesday (Sept.

Wells Fargo, Centerbridge Collaborate to Provide Loans for Middle Market Firms

Private equity firm Centerbridge Partners is launching a direct-lending fund with backing from Wells Fargo , the companies said on Tuesday.

Centerbridge teams up with Wells Fargo to launch direct-lending fund

JPMorgan Chase (JPM) CEO Jamie Dimon's warning that the Federal Reserve may not be done hiking interest rates is dragging the bank sector lower this afternoon.

2 Bank Stocks Dragged by Rate Hike Fears

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. To meet the alternative credit needs of this segment, Centerbridge intends to launch Overland Advisors to manage a newly formed business development company that will be primarily focused on making senior secured loans. Overland represent.

Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies

Wells Fargo is fundamentally strong and well-positioned to expand its business in the long term. The bank's stock is currently trading below its intrinsic value and offers an attractive forward dividend yield. Despite macroeconomic risks and disruption from fintech, WFC is a "Strong Buy" with a 43% upside potential.

Wells Fargo: Unlock Solid Upside Potential And Attractive Yield

Wells Fargo's reputation has been tarnished by numerous scandals, but the bank's underlying business remains strong. The bank has reported robust financial results, with strong YoY revenue and net income growth along with a continually fantastic balance sheet. Wells Fargo has a conservative approach to dividends, but there is potential for serious capital returns to shareholders as the dividend reinflates from the Covid cut.

Wells Fargo Has The Makings Of A Cheap, Safe Dividend Monster

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman.

Thomas R. Nides to Join Wells Fargo as Vice Chairman

Barclays

JPMorgan Chase & Co

Royal Bank of Canada

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Eight big banks must face US cities' bond collusion claims

Albemarle

Estee Lauder

Kraft Heinz

Realty Income Corp

Verizon

Investors wanting to buy good quality S&P 500 stocks at great prices should consider the following seven stocks. Even better, Morningstar analysts have assigned 5-star ratings to all seven of these picks, indicating that each is severely undervalued.

The 7 Most Undervalued S&P 500 Stocks to Buy in September 2023

Financial Select Sector SPDR Fund

Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.

Bank stocks show more signs of life after a tumultuous year. Here's what's causing the run and why we're optimistic on these financial names

Wells Fargo's non-callable preferred shares offer a 6.5% yield, making them attractive in the current high-interest rate environment. The bank's H1 results show strong dividend coverage and asset coverage ratios, indicating resilience in volatile times. The Series L preferred shares have an issue price of $1,000, pay a 7.5% dividend, and cannot be called by the bank.

Wells Fargo: The 6.5% Yielding Preferred Shares Are Attractive

Charles Schwab

UBS Group AG

Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.

Wall Street banks shed jobs to ease cost pressures

Wells Fargo (WFC) seeks to cut down on expenses by reducing its real estate footprint and headcount.

Wells Fargo (WFC) Eyes Operational Efficiency With Job Cuts

KeyCorp

That's because, according to Jim Cramer, investors are focusing their attention on big banks, rather than smaller regionals.

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

Woman Evolve—Featuring Brené Brown, Yvonne Orji – Showcases How Women are Powerhouse Economic Generators  ARLINGTON, Texas , Sept. 13, 2023 /PRNewswire/ -- More than 40,000 attendees will descend upon Globe Life Field in Arlington, Texas, this week, Sept.

Sarah Jakes Roberts' Woman Evolve is Fastest-Selling Women's Conference at Texas' Globe Life Field

Wells Fargo's stock (NYSE: WFC) has made negligible gains YTD as compared to the 17% rise in the S&P500 index over the same period.

Is Wells Fargo Stock Fairly Priced?

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept.

Wells Fargo CFO Expects More Layoffs in Drive for Efficiency

Wells Fargo (WFC) has agreed to pay $1 billion to settle claims of the class action suit in May 2023. The deal has now been approved by the U.S. District Judge.

News for Wells Fargo Stock (WFC)