Wells Fargo & Company (WFC) 10-Year Financial Performance & Capital Metrics

WFC • • Banking & Credit

Financial ServicesDiversified BanksGlobal Universal BanksUS Global Banking Giants

AboutWells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise 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 services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.Show more

Net Interest Income $47.68B -9.0%
Total Revenue $125.4B +8.7%
Net Income $19.72B +3.0%
Return on Equity 10.7% +3.4%
Net Interest Margin 2.47% -8.8%
Efficiency Ratio 43.54% -9.6%
ROA 1.02% +1.7%
Equity / Assets 9.38% -3.3%
Book Value per Share 52.22 +3.6%
Tangible BV/Share 42.72 +3.4%
Debt/Equity 1.56 -1.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.5% efficiency ratio
✓Share count reduced 6.8% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.84%

5Y3.48%

3Y14.71%

TTM-

Profit (Net Income) CAGR

10Y-1.55%

5Y0.01%

3Y-3.74%

TTM16.4%

EPS CAGR

10Y2.74%

5Y5.6%

3Y2.48%

TTM26.4%

ROCE

10Y Avg5.7%

5Y Avg4.5%

3Y Avg4.76%

Latest5%

Peer Comparison

US Global Banking Giants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCitigroup Inc.	208.09B	116.30	19.55	9.86%	7.43%	6.87%		2.82
WFCWells Fargo & Company	293.69B	93.56	17.42	8.72%	15.73%	11.51%	1.03%	1.56
BACBank of America Corporation	412.33B	54.54	16.94	11.94%	14.1%	9.75%		2.23
JPMJPMorgan Chase & Co.	838.25B	310.90	15.74	14.61%	21.59%	16.11%		2.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	45.3B	47.75B	49.56B	49.99B	47.3B	39.96B	35.78B	44.95B	52.38B	47.68B
NII Growth %	0.04%	0.05%	0.04%	0.01%	-0.05%	-0.16%	-0.1%	0.26%	0.17%	-0.09%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	49.28B	53.66B	58.91B	64.65B	66.16B	47.92B	39.69B	54.02B	85.12B	90.78B
Interest Expense	3.98B	5.91B	9.35B	14.65B	18.85B	7.96B	3.92B	9.07B	32.74B	43.1B
Loan Loss Provision	2.44B	3.77B	2.53B	1.74B	2.69B	14.13B	-4.16B	1.53B	5.4B	4.33B
Non-Interest Income+	38.53B	40.51B	38.83B	36.41B	39.53B	34.31B	43.39B	29.42B	30.22B	34.62B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	87.8B	94.18B	97.74B	101.06B	105.68B	82.23B	83.08B	83.44B	115.34B	125.4B
Revenue Growth %	0.02%	0.07%	0.04%	0.03%	0.05%	-0.22%	0.01%	0%	0.38%	0.09%
Non-Interest Expense	47.74B	52.38B	58.48B	56.13B	58.18B	57.63B	53.76B	57.2B	55.56B	54.6B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	33.64B	32.12B	27.38B	28.54B	25.97B	2.5B	29.56B	15.63B	21.64B	23.36B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.01%	-0.05%	-0.15%	0.04%	-0.09%	-0.9%	10.8%	-0.47%	0.38%	0.08%
Pretax Income+	33.64B	32.12B	27.38B	28.54B	25.97B	2.5B	29.56B	15.63B	21.64B	23.36B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	10.37B	10.07B	4.92B	5.66B	5.76B	-1.16B	5.76B	2.25B	2.61B	3.4B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	22.89B	21.94B	22.18B	22.39B	19.71B	3.38B	22.11B	13.68B	19.14B	19.72B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.01%	-0.04%	0.01%	0.01%	-0.12%	-0.83%	5.55%	-0.38%	0.4%	0.03%
Net Income (Continuing)	23.28B	22.05B	22.46B	22.88B	20.21B	3.66B	23.8B	13.38B	19.03B	19.96B
EPS (Diluted)+	4.12	3.99	4.10	4.28	4.09	0.41	4.99	3.14	4.83	5.37
EPS Growth %	0%	-0.03%	0.03%	0.04%	-0.04%	-0.9%	11.17%	-0.37%	0.54%	0.11%
EPS (Basic)	4.18	4.03	4.14	4.31	4.12	0.42	4.99	3.17	4.88	5.43
Diluted Shares Outstanding	5.21B	5.11B	5.02B	4.84B	4.43B	4.13B	4.1B	3.84B	3.72B	3.47B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	19.11B	20.73B	215.95B	173.29B	141.25B	264.61B	234.23B	159.16B	237.22B	203.36B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.3T	1.41T	1.41T	1.4T	1.43T	1.38T	1.41T	1.41T	1.38T	1.35T
Investments Growth %	0.09%	0.09%	-0%	-0%	0.02%	-0.04%	0.02%	-0%	-0.02%	-0.02%
Long-Term Investments	1.3T	1.41T	1.41T	1.13T	1.17T	1.16T	1.23T	1.29T	1.26T	1.19T
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	25.53B	26.69B	26.59B	26.42B	26.39B	26.39B	25.18B	25.17B	25.18B	25.17B
Intangible Assets	16.88B	17.07B	16.66B	16.64B	13.37B	7.76B	8.4B	10.48B	8.51B	7.78B
PP&E (Net)	12.49B	18.42B	18.51B	17.96B	22.25B	20.59B	18.56B	17.98B	18.24B	19.43B
Other Assets	368.46B	378.4B	201.81B	199.55B	240.14B	196.37B	214.58B	217.86B	207.79B	277.61B
Total Current Assets	67.01B	82.83B	283.14B	503.26B	459.26B	543.83B	450.78B	317.11B	416.34B	405.82B
Total Non-Current Assets	1.72T	1.85T	1.67T	1.39T	1.47T	1.41T	1.5T	1.56T	1.52T	1.52T
Total Assets+	1.79T	1.93T	1.95T	1.9T	1.93T	1.95T	1.95T	1.88T	1.93T	1.93T
Asset Growth %	0.06%	0.08%	0.01%	-0.03%	0.02%	0.01%	-0%	-0.03%	0.03%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	297.06B	351.86B	328.28B	334.83B	332.7B	271.95B	195.1B	226.01B	297.15B	281.88B
Net Debt	277.95B	331.13B	112.33B	161.54B	191.45B	7.34B	-39.13B	66.86B	59.93B	78.52B
Long-Term Debt	199.53B	255.07B	224.98B	229.01B	228.16B	212.92B	160.66B	174.85B	207.57B	173.06B
Short-Term Debt	97.53B	96.78B	103.26B	105.79B	104.51B	59B	34.41B	51.15B	89.56B	108.81B
Other Liabilities	13.92B	14.49B	8.8B	8.5B	9.08B	11.82B	6.64B	19.75B	89.7B	95.09B
Total Current Liabilities	1.38T	1.46T	1.51T	1.46T	1.5T	1.54T	1.59T	1.5T	1.45T	1.48T
Total Non-Current Liabilities	213.46B	269.57B	233.82B	237.54B	237.27B	229.46B	170.11B	194.62B	297.29B	268.17B
Total Liabilities	1.59T	1.73T	1.74T	1.7T	1.74T	1.77T	1.76T	1.7T	1.75T	1.75T
Total Equity+	193.89B	200.5B	208.08B	197.07B	187.98B	185.71B	190.11B	182.21B	187.44B	181.07B
Equity Growth %	0.05%	0.03%	0.04%	-0.05%	-0.05%	-0.01%	0.02%	-0.04%	0.03%	-0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.11%	0.11%	0.11%	0.1%	0.02%	0.12%	0.07%	0.1%	0.11%
Book Value per Share	37.22	39.25	41.47	40.73	42.48	44.92	46.41	47.49	50.38	52.22
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	9.14B	9.14B	9.14B	9.14B	9.14B	9.14B	9.14B	9.14B	9.14B	9.14B
Additional Paid-in Capital	60.71B	60.23B	60.89B	60.69B	61.05B	60.2B	60.2B	60.32B	60.55B	60.82B
Retained Earnings	120.87B	133.07B	145.26B	158.16B	166.7B	162.68B	180.32B	187.97B	201.14B	214.2B
Accumulated OCI	297M	-3.14B	-2.14B	-6.34B	-1.31B	194M	-1.7B	-13.36B	-11.58B	-12.18B
Treasury Stock	-18.87B	-22.71B	-29.89B	-47.19B	-68.83B	-67.79B	-79.76B	-82.85B	-92.96B	-111.46B
Preferred Stock	22.21B	24.55B	25.36B	23.21B	21.55B	21.14B	20.06B	19.45B	19.45B	18.61B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.9B	1.01B	18.62B	36.07B	6.73B	2.05B	-11.53B	27.05B	40.36B	3.04B
Operating CF Growth %	-0.09%	-0.94%	17.47%	0.94%	-0.81%	-0.7%	-6.62%	3.35%	0.49%	-0.92%
Net Income	23.28B	22.05B	22.46B	22.88B	20.21B	3.66B	23.8B	13.38B	19.14B	19.96B
Depreciation & Amortization	3.29B	4.97B	5.41B	5.59B	6.57B	8.22B	7.89B	6.83B	6.27B	7.56B
Deferred Taxes	0	0	0	0	-3.19B	-3.29B	-1.11B	1.24B	-50M	-911M
Other Non-Cash Items	-49.09B	-80.25B	-44.39B	-40.13B	-44.28B	-35.66B	-75.17B	-23.81B	9.83B	-3.31B
Working Capital Changes	36.47B	52.3B	33.1B	45.48B	25.15B	27.35B	33.06B	29.41B	5.28B	-20.27B
Cash from Investing+	-107.23B	-141.92B	-13.15B	-7.75B	-29.63B	122.55B	-7.62B	-42.48B	16.04B	-15.65B
Purchase of Investments	-107.55B	-149.95B	-107.39B	-66.5B	-72.53B	-146.98B	-189.36B	-49.45B	-36.09B	-103.83B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-3M	-30.58B	-320M	-10M	0	0	0	0	0	0
Other Investing	-67.81B	-45.01B	-9.32B	-2.46B	-32.86B	93.89B	3.63B	-61.71B	1.99B	-5.76B
Cash from Financing+	90.87B	122.79B	-10.92B	-70.98B	-9.14B	-1.24B	-11.24B	-59.65B	20.49B	-21.53B
Dividends Paid	-8.83B	-9.04B	-9.11B	-9.31B	-9.59B	-6.14B	-3.63B	-5.29B	-5.93B	-6.23B
Share Repurchases	-8.7B	-8.12B	-9.91B	-22.78B	-26.08B	-7.02B	-21.14B	-6.03B	-13.58B	-22.29B
Stock Issued	4.7B	3.52B	1.89B	632M	380M	3.12B	5.76B	0	1.72B	2B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	53.99B	81.98B	29.42B	-49.08B	35.05B	81.52B	78.22B	-99.03B	-26.32B	12.85B
Net Change in Cash+	-460M	-18.12B	-5.45B	-42.66B	-32.04B	123.36B	-30.38B	-75.07B	76.89B	-34.15B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	19.57B	239.52B	221.4B	215.95B	173.29B	141.25B	264.61B	234.23B	159.16B	236.05B
Cash at End	19.11B	221.4B	215.95B	173.29B	141.25B	264.61B	234.23B	159.16B	236.05B	201.9B
Interest Paid	3.82B	5.57B	9.1B	14.37B	18.83B	8.41B	4.38B	8.29B	30.43B	43.62B
Income Taxes Paid	13.69B	8.45B	6.59B	1.98B	7.49B	1.18B	3.17B	3.38B	0	1.66B
Free Cash Flow+	15.9B	1.01B	18.62B	36.07B	6.73B	2.05B	-11.53B	27.05B	40.36B	3.04B
FCF Growth %	-0.09%	-0.94%	17.47%	0.94%	-0.81%	-0.7%	-6.62%	3.35%	0.49%	-0.92%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.08%	11.13%	10.86%	11.05%	10.24%	1.81%	11.77%	7.35%	10.36%	10.7%
Return on Assets (ROA)	1.32%	1.18%	1.14%	1.16%	1.03%	0.17%	1.13%	0.71%	1%	1.02%
Net Interest Margin	2.53%	2.47%	2.54%	2.64%	2.45%	2.05%	1.84%	2.39%	2.71%	2.47%
Efficiency Ratio	54.38%	55.62%	59.84%	55.54%	55.05%	70.09%	64.71%	68.56%	48.17%	43.54%
Equity / Assets	10.85%	10.39%	10.66%	10.39%	9.75%	9.51%	9.76%	9.69%	9.7%	9.38%
Book Value / Share	37.22	39.25	41.47	40.73	42.48	44.92	46.41	47.49	50.38	52.22
NII Growth	4.08%	5.41%	3.78%	0.88%	-5.38%	-15.53%	-10.45%	25.63%	16.52%	-8.97%
Dividend Payout	32.32%	34.06%	33.72%	34.35%	41.58%	143.68%	10.95%	30.55%	25.02%	26.03%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Community Banking	48.71B	46.91B	-	34.02B	34.88B	35.81B	37.92B	36.2B
Community Banking Growth	-	-3.68%	-	-	2.53%	2.68%	5.89%	-4.53%
Corporate and Investment Banking	-	-	-	13.82B	13.84B	15.24B	19.19B	19.34B
Corporate and Investment Banking Growth	-	-	-	-	0.14%	10.14%	25.91%	0.80%
Wealth And Investment Management	16.93B	16.38B	-	14.51B	14.35B	14.82B	14.69B	15.44B
Wealth And Investment Management Growth	-	-3.25%	-	-	-1.14%	3.32%	-0.88%	5.07%
Wholesale Banking	28.17B	28.71B	-	9.74B	8.55B	10.92B	13.45B	12.78B
Wholesale Banking Growth	-	1.89%	-	-	-12.21%	27.73%	23.16%	-4.99%
Credit Card Rewards and Rebates	-	-	1.5B	-	-	-	-	-
Credit Card Rewards and Rebates Growth	-	-	-	-	-	-	-	-
Trailing Commission	-	-	1.2B	-	-	-	-	-
Trailing Commission Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Wells Fargo & Company (WFC) has a price-to-earnings (P/E) ratio of 17.4x. This is roughly in line with market averages.

Growth & Financials

Wells Fargo & Company (WFC) grew revenue by 8.7% over the past year. This is steady growth.

Yes, Wells Fargo & Company (WFC) is profitable, generating $21.06B in net income for fiscal year 2024 (15.7% net margin).

Dividend & Returns

Yes, Wells Fargo & Company (WFC) pays a dividend with a yield of 1.58%. This makes it attractive for income-focused investors.

Wells Fargo & Company (WFC) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Industry Metrics

Wells Fargo & Company (WFC) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

Wells Fargo & Company (WFC) has an efficiency ratio of 43.5%. This is excellent, indicating strong cost control.

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