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

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

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Earnings data Q1 2022

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Earnings data Q1 2023

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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

Gross profit

Operating expenses

SG&A

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EBITDA

Net income

Earnings per share

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Cash & equivalents

Receivables

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Net PPE

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Total liabilities

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Stockholders equity

Minority interest

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Net debt

Book value per share

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Funds from operations

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Cash from investing

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Purchase/sale of investments

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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 & Company (NYSE:WFC ) Bernstein 39th Annual Strategic Decisions Conference May 31, 2023 8:00 AM ET Company Participants Charlie Scharf - CEO Conference Call Participants John McDonald - Bernstein John McDonald We're ready to go. Thanks, everyone, for joining us today.

Wells Fargo & Company (WFC) Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)

Strong deposit growth and cost-saving initiatives are likely to keep supporting Wells Fargo (WFC). However, a decline in revenues and a fall in loan balance are major headwinds.

Wells Fargo (WFC) Rides on Deposit Growth Amid Lower Revenues

Wells Fargo & Co's Chief Executive Officer Charlie Scharf said on Wednesday that there will be losses in the office loan space but the lender was proactively managing its portfolio.

Wells Fargo CEO says there will be losses in office loan portfolio

For decades, Buffett and Berkshire Hathaway loved Wells Fargo. Burry added a number of bank stocks in Q1, including Wells Fargo.

Michael Burry Is Now Betting on This Ex-Warren Buffett Stock

Former Wells Fargo & Co. WFC, -0.61% executive Carrie L. Tolstedt has agreed to pay $3 million to settle charges connected with allegedly misleading investors about the success of the Community Bank, Wells Fargo's core business, the U.S. Securities and Exchange Commission said late Tuesday.

Former Wells Fargo executive agrees to pay $3 million fine

Citigroup

For much of the last three years, banks could feel pretty good about their loan books—but as worries of a weakening economy mount, cracks in the health of bank borrowers are starting to show.

Credit Conditions Are Worsening. It May be a Problem for Citigroup and Wells Fargo: Analyst

Bank of America

Goldman Sachs

PNC Financial Services

Charles Schwab

Tradeweb Markets

Financial Select Sector SPDR Fund

Big U.S. banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said Monday in a summary of a recent industry event hosted by the bank.

U.S. banks mull office-space loan exposure at Citi event and prepare for a slow boil

Deere & Company

Johnson & Johnson

Chevron

Tesla

Exxon Mobil

In the wake of the 2022 stock market rout, astute investors should focus on top undervalued blue-chip stocks. All as these sturdy market contenders promise a silver lining with incredible upside potential for the long-term investor.

7 Undervalued Blue-Chip Stocks to Buy for June 2023

Huntington Bancshares

New York Community Bancorp

Western Alliance Bancorporation

In the first quarter, Burry loaded up on bank stocks amid upheaval in the banking industry. Banks are known for having good dividends.

Michael Burry Is Set to Rake in More Than $1 Million in Annual Dividend Income From These 4 Stocks

Amazon

Salesforce

This time of year it's rare to hear anyone talking about stocks to buy in May. Instead the opposite “sell in May and go away” makes its rounds in the media, the latest round of alarm-sounding.

Sell in May and Go Away? Nope. 3 Stocks to Buy Now.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the 39th Annual Bernstein Strategic Decisions Conference on Wednesday, May 31, 2023 at 8:00 a.m. ET. The live webcast will be available online at https://www.wellsfargo.com/about/investor-relations/events. A replay of the webcast will be available for three months following the presentation. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a lead.

Wells Fargo to Present at the 39th Annual Bernstein Strategic Decisions Conference

U.S. Bancorp

The financials sector is the worst performer in the past three months, which should come as no surprise following multiple regional bank failures and scares.

3 Large Banks Presenting Value Opportunities After Sector Selloff

Axos Financial Inc.

JPMorgan Chase & Co

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Live Oak Bancshares

The banking industry routinely goes through crises that result in big, fast losses for investors. But there are plenty of solid, secure banks trading for extreme discounts.

Bank Stocks Are Falling and Investors Are Scared. That's Almost Always the Best Time to Buy.

Wells Fargo folded Abbot Downing, which served the bank's wealthiest clients, in late 2020. Employees have since left in droves, many to work for Abbott Downing's ex-boss Jack Ginter.

How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded

Apple

Capital One

Fidelity National Information

Alphabet

Global Payments

Mastercard

PayPal

Block

Visa

We discuss the dominant digital wallets. We highlight P2P platforms and how they'll morph.

Digital Wallets: The Winners Are Obvious

Baidu

Bridgewater Associates, the mega hedge fund founded by Ray Dalio (Trades, Portfolio), disclosed in a portfolio update filing that its top trades during the first quarter included a major reduction to its Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial) holding and the closure of its positions in Bank of America Corp. ( BAC , Financial), JPMorgan Chase & Co. ( JPM , Financial), Baidu Inc. ( BIDU , Financial) and Wells Fargo & Co. ( WFC , Financial). The firm also boosted its investment in Alphabet Inc. ( GOOGL , Financial).

Ray Dalio's Bridgewater Slashes Berkshire Holding, Exits 3 Banks

Alibaba

First Republic

JD.com

PacWest Bancorp

Burry made some big purchases in the first quarter of the year. Notably, Burry's firm, Scion Asset Management, bought the dip in bank stocks.

2 Shocking Stock Moves Michael Burry Just Made

Wells Fargo & Co.'s stock WFC, +5.51% is rallying 5.3% as the biggest gainer among the U.S.'s six largest banks amid optimism in the broad equities market about a debt-ceiling agreement in Congress. It's on pace for largest percent increase since July 15, 2022, when it rose 6.17%, according to Dow Jones data.

Wells Fargo leads gains by big banks amid optimism for debt-ceiling deal

Wells Fargo has agreed to pay $1 billion to avoid the burden and expense of going to trial over a lawsuit where shareholders claimed the bank overstated how well it was complying with the Fed's consent orders and asset cap, which were imposed in 2018.

Wells Fargo to pay $1B to settle shareholder lawsuit over slew of scandals

Microsoft

NVIDIA

Occidental Petroleum

Westinghouse Air Brake Technologies

Investment managers with more than $100 million in assets under management (AUM) must file a 13F disclosure with the U.S. Securities and Exchange Commission (SEC) each quarter. This report includes an overview of the manager's holdings, including stocks, options, and more.

13F Season: Buffett, Burry, & Druckenmiller

Wells Fargo (WFC) agreed to pay $1 billion related to a shareholder lawsuit accusing it of overstating progress on resolving its 2016 fake account scandal.

Wells Fargo (WFC) to Pay $1B for Shareholders' Class-Action Suit

Wells Fargo's shares have dropped during the last couple of months as investors avoid bank stocks. WFC's underlying performance was very compelling.

Michael Burry Buys Wells Fargo

NEW YORK--(BUSINESS WIRE)--In one of the largest securities class action settlements in recent years, Bernstein Litowitz Berger & Grossmann (BLB&G) announced today that it has reached a settlement agreement on behalf of its clients and a class of investors with Wells Fargo & Co (NYSE: WFC), which has agreed to pay $1 billion in cash to resolve a federal securities class action lawsuit in the United States. The action, In re Wells Fargo & Company Securities Litigation, No. 20-CV-.

Bernstein Litowitz Berger & Grossmann Secures a Historic $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action

Shareholders allege Wells Fargo executives painted an overly positive picture of the bank's handling of the 2016 fake account scandal and its progress meeting the requirements of regulators.

Wells Fargo Agrees $1 Billion Payout To Settle Shareholder Lawsuit Over Fake Account Scandal Cleanup

A preliminary settlement was set out in a court filing Monday night to be approved in the coming months, The Wall Street Journal reported.

News for Wells Fargo Stock (WFC)