The bank maintains a defensive liquidity position with $174.8 billion in cash and cash equivalents, while total assets remain constrained by regulatory caps at $2.2 trillion as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 1.84T | 471.55B | 363.46B | 362.61B | 272.75B | 411.47B | 485B | 404.71B | 443.2B | 218.94B | 27.15B | 23.33B | 277.01B | 271.93B | 257.06B | 242.05B | 188.7B | 199.79B | 175.33B | 87.71B | 57.66B | 57.23B | 12.9B | 16.54B | 18.17B | 16.97B | 16.98B | 14.12B | 12.73B | 13.08B | 7.37B |
| Cash & Due from Banks | 174.78B | 174.21B | 203.36B | 237.22B | 159.16B | 234.23B | 264.61B | 141.25B | 173.29B | 215.95B | 20.73B | 19.11B | 19.57B | 19.92B | 21.86B | 19.44B | 16.04B | 27.08B | 23.76B | 14.76B | 15.03B | 15.4B | 12.9B | 16.54B | 18.17B | 16.97B | 16.98B | 14.12B | 12.73B | 13.08B | 7.37B |
| Short Term Investments | 437.31B | 297.34B | 160.1B | 125.39B | 113.59B | 177.24B | 220.39B | 263.46B | 269.91B | 2.99B | 6.42B | 4.22B | 257.44B | 252.01B | 235.2B | 222.61B | 172.65B | 172.71B | 151.57B | 72.95B | 42.63B | 41.83B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.64T | 1.5T | 1.35T | 1.38T | 1.41T | 1.41T | 1.38T | 1.43T | 1.4T | 1.41T | 1.41T | 1.3T | 1.19T | 1.1T | 1.07T | 1.03T | 963.28B | 977.93B | 1.02T | 477.76B | 391.42B | 389.64B | 359.52B | 318.66B | 274.43B | 244.2B | 212.41B | 191.29B | 161.95B | 135.13B | 64.47B |
| Investments Growth % | 37.98% | 10.86% | -2% | -1.72% | -0.13% | 2.14% | -3.58% | 1.97% | -0.43% | -0.36% | 8.58% | 9.09% | 8.76% | 2.5% | 4.29% | 6.54% | -1.5% | -4.37% | 114.05% | 22.06% | 0.46% | 8.38% | 12.82% | 16.12% | 12.38% | 14.96% | 11.04% | 18.12% | 19.85% | 109.61% | 25.81% |
| Long-Term Investments | 4.83T | 1.2T | 1.19T | 1.26T | 1.29T | 1.23T | 1.16T | 1.17T | 1.13T | 1.41T | 1.41T | 1.3T | 935.62B | 845.01B | 835.07B | 803.64B | 790.63B | 805.23B | 871.09B | 404.81B | 348.79B | 347.8B | 359.52B | 318.66B | 274.43B | 244.2B | 212.41B | 191.29B | 161.95B | 135.13B | 64.47B |
| Accounts Receivables | 0 | 22.98B | 23.03B | 34.47B | 27.12B | 22.78B | 40.95B | 32.24B | 40.37B | 44.81B | 36.4B | 31.32B | 32.02B | 26.44B | 30.83B | 31.23B | 28.66B | 26.51B | 28.24B | 13.89B | 10.09B | 13.88B | 1.48B | 1.29B | 1.14B | 23.55B | 21.93B | 16.55B | 10.89B | 5.78B | 4.3B |
| Goodwill & Intangibles | 24.96B | 31.29B | 32.95B | 33.68B | 35.65B | 33.58B | 34.16B | 39.76B | 43.05B | 43.25B | 43.77B | 42.41B | 44.1B | 48.2B | 45.6B | 48.08B | 51.41B | 54.86B | 54.3B | 31.09B | 29.25B | 23.48B | 3.2B | 3.74B | 6.36B | 23.55B | 21.93B | 16.55B | 10.89B | 10.08B | 0 |
| Goodwill | 24.96B | 24.97B | 25.17B | 25.18B | 25.17B | 25.18B | 26.39B | 26.39B | 26.42B | 26.59B | 26.69B | 25.53B | 25.7B | 25.64B | 25.64B | 25.11B | 24.77B | 24.81B | 22.63B | 13.11B | 11.28B | 10.79B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 6.33B | 7.78B | 8.51B | 10.48B | 8.4B | 7.76B | 13.37B | 16.64B | 16.66B | 17.07B | 16.88B | 18.4B | 22.57B | 19.96B | 22.96B | 26.64B | 30.05B | 31.68B | 17.98B | 17.97B | 12.69B | 3.2B | 3.74B | 6.36B | 23.55B | 21.93B | 16.55B | 10.89B | 10.08B | 0 |
| PP&E (Net) | 11.5B | 20.04B | 19.43B | 18.24B | 17.98B | 18.56B | 20.59B | 22.25B | 17.96B | 18.51B | 18.42B | 12.49B | 11.46B | 11.2B | 11.43B | 11.36B | 11.52B | 13.13B | 13.52B | 7.34B | 7.79B | 7.83B | 3.85B | 3.53B | 3.69B | 3.55B | 3.42B | 3.37B | 3.13B | 3.31B | 1.2B |
| Other Assets | 350.19B | 398.96B | 277.61B | 207.79B | 217.86B | 214.58B | 196.37B | 240.14B | 199.55B | 201.81B | 378.4B | 368.46B | 374.63B | 308.35B | 230.55B | 164.38B | 174.13B | 126.7B | 137.47B | 23.83B | 22.8B | 26.12B | 29.2B | 27.31B | 31.44B | 8.77B | 7.21B | 6.37B | 4.6B | 14.29B | 2.83B |
| Total Current Assets | 612.09B | 494.53B | 405.82B | 416.34B | 317.11B | 450.78B | 543.83B | 459.26B | 503.26B | 283.14B | 82.83B | 67.01B | 321.34B | 310.74B | 300.32B | 286.4B | 230.45B | 240.51B | 219.4B | 108.37B | 73.36B | 76.52B | 16.1B | 20.28B | 24.53B | 40.51B | 38.91B | 30.67B | 23.63B | 23.16B | 11.67B |
| Total Non-Current Assets | 1.59T | 1.65T | 1.52T | 1.52T | 1.56T | 1.5T | 1.41T | 1.47T | 1.39T | 1.67T | 1.85T | 1.72T | 1.37T | 1.21T | 1.12T | 1.03T | 1.03T | 1T | 1.09T | 467.07B | 408.63B | 405.23B | 411.75B | 367.52B | 324.67B | 264.53B | 231.92B | 208.66B | 177.33B | 160.99B | 68.32B |
| Total Assets | 2.21T | 2.15T | 1.93T | 1.93T | 1.88T | 1.95T | 1.95T | 1.93T | 1.9T | 1.95T | 1.93T | 1.79T | 1.69T | 1.52T | 1.42T | 1.31T | 1.26T | 1.24T | 1.31T | 575.44B | 482B | 481.74B | 427.85B | 387.8B | 349.2B | 307.57B | 272.43B | 241.05B | 202.47B | 185.69B | 80.18B |
| Asset Growth % | 33.88% | 11.34% | -0.14% | 2.74% | -3.44% | -0.25% | 1.32% | 1.67% | -2.86% | 1.12% | 7.97% | 5.96% | 10.74% | 7.07% | 8.3% | 4.43% | 1.16% | -5.04% | 127.59% | 19.39% | 0.05% | 12.6% | 10.33% | 11.05% | 13.53% | 12.9% | 13.01% | 19.05% | 9.04% | 131.6% | 11.15% |
| Return on Assets (ROA) | 1.04% | 1.05% | 1.02% | 1% | 0.71% | 1.13% | 0.17% | 1.03% | 1.16% | 1.14% | 1.18% | 1.32% | 1.44% | 1.49% | 1.38% | 1.23% | 0.99% | 0.96% | 0.28% | 1.52% | 1.75% | 1.69% | 1.72% | 1.68% | 1.65% | 1.18% | 1.57% | 1.81% | 1% | 1.88% | 2.93% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 450.59B | 425.72B | 281.88B | 297.15B | 226.01B | 195.1B | 271.95B | 332.7B | 334.83B | 328.28B | 351.86B | 297.06B | 247.46B | 206.88B | 184.55B | 174.44B | 212.38B | 242.83B | 375.23B | 152.65B | 99.97B | 103.56B | 95.54B | 88.3B | 83.65B | 76.31B | 61.97B | 59.53B | 36.39B | 32.02B | 20.65B |
| Net Debt | 275.81B | 251.51B | 78.52B | 59.93B | 66.86B | -39.13B | 7.34B | 191.45B | 161.54B | 112.33B | 331.13B | 277.95B | 227.89B | 186.96B | 162.69B | 155B | 196.34B | 215.75B | 351.47B | 137.89B | 84.95B | 88.16B | 82.64B | 71.77B | 65.48B | 59.34B | 44.99B | 45.41B | 23.66B | 18.93B | 13.28B |
| Long-Term Debt | 183.94B | 174.71B | 173.06B | 207.57B | 174.85B | 160.66B | 212.92B | 228.16B | 229.01B | 224.98B | 255.07B | 199.53B | 183.93B | 152.99B | 127.37B | 125.24B | 156.96B | 203.78B | 267.16B | 99.39B | 87.14B | 79.67B | 73.58B | 63.64B | 50.2B | 38.53B | 32.98B | 27.8B | 20.49B | 18.63B | 13.08B |
| Short-Term Debt | 266.65B | 251.01B | 108.81B | 89.56B | 51.15B | 34.41B | 59B | 104.51B | 105.79B | 103.26B | 96.78B | 97.53B | 63.52B | 53.88B | 57.17B | 49.09B | 55.4B | 38.97B | 108.07B | 53.26B | 12.83B | 23.89B | 21.96B | 24.66B | 33.45B | 37.78B | 28.99B | 31.73B | 15.9B | 13.38B | 7.57B |
| Other Liabilities | 66.26B | 68.2B | 95.09B | 89.7B | 19.75B | 6.64B | 11.82B | 9.08B | 8.5B | 8.8B | 14.49B | 13.92B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.58B | 17.5B | 18.31B | 16.78B | 14.41B | 11.74B | 8.54B | 6.24B | 3.33B |
| Total Current Liabilities | 1.78T | 1.72T | 1.48T | 1.45T | 1.5T | 1.59T | 1.54T | 1.5T | 1.46T | 1.51T | 1.46T | 1.38T | 1.32T | 1.2T | 1.14T | 1.05T | 973.26B | 925.43B | 940.16B | 428.42B | 349.04B | 361.41B | 296.82B | 272.19B | 250.36B | 225.05B | 198.55B | 177.65B | 152.69B | 141.04B | 57.7B |
| Total Non-Current Liabilities | 250.2B | 242.91B | 268.17B | 297.29B | 194.62B | 170.11B | 229.46B | 237.27B | 237.54B | 233.82B | 269.57B | 213.46B | 183.94B | 153B | 127.38B | 125.35B | 156.98B | 203.86B | 267.16B | 99.39B | 87.14B | 79.67B | 93.16B | 81.14B | 68.52B | 55.31B | 47.39B | 39.54B | 29.03B | 24.87B | 16.41B |
| Total Liabilities | 2.03T | 1.97T | 1.75T | 1.75T | 1.7T | 1.76T | 1.77T | 1.74T | 1.7T | 1.74T | 1.73T | 1.59T | 1.5T | 1.35T | 1.26T | 1.17T | 1.13T | 1.13T | 1.21T | 527.81B | 436.18B | 441.08B | 389.98B | 353.33B | 318.88B | 280.36B | 245.94B | 217.18B | 181.72B | 165.91B | 74.11B |
| Total Equity | 180.31B | 183.04B | 181.07B | 187.44B | 182.21B | 190.11B | 185.71B | 187.98B | 197.07B | 208.08B | 200.5B | 193.89B | 185.26B | 171.01B | 158.91B | 141.69B | 127.89B | 114.36B | 102.32B | 47.63B | 45.81B | 40.66B | 37.87B | 34.47B | 30.32B | 27.21B | 26.49B | 23.87B | 20.76B | 19.78B | 6.06B |
| Equity Growth % | 1.29% | 1.09% | -3.4% | 2.87% | -4.15% | 2.37% | -1.21% | -4.61% | -5.29% | 3.78% | 3.41% | 4.66% | 8.34% | 7.61% | 12.16% | 10.79% | 11.83% | 11.77% | 114.82% | 3.96% | 12.68% | 7.38% | 9.86% | 13.69% | 11.41% | 2.74% | 10.96% | 14.99% | 4.96% | 226.14% | 14.16% |
| Equity / Assets (Capital Ratio) | 8.17% | 8.52% | 9.38% | 9.7% | 9.69% | 9.76% | 9.51% | 9.75% | 10.39% | 10.66% | 10.39% | 10.85% | 10.98% | 11.22% | 11.17% | 10.78% | 10.17% | 9.2% | 7.81% | 8.28% | 9.51% | 8.44% | 8.85% | 8.89% | 8.68% | 8.85% | 9.72% | 9.9% | 10.25% | 10.65% | 7.56% |
| Return on Equity (ROE) | 11.92% | 11.72% | 10.7% | 10.36% | 7.35% | 11.77% | 1.81% | 10.24% | 11.05% | 10.86% | 11.13% | 12.08% | 12.94% | 13.26% | 12.57% | 11.77% | 10.21% | 11.33% | 3.54% | 17.24% | 19.47% | 19.54% | 19.39% | 19.15% | 18.89% | 12.7% | 15.99% | 17.98% | 9.62% | 19.34% | 39.17% |
| Book Value per Share | 56.04 | 56.89 | 52.22 | 50.38 | 47.49 | 46.41 | 44.92 | 42.48 | 40.73 | 41.47 | 39.25 | 37.22 | 34.79 | 31.84 | 29.69 | 26.62 | 24.30 | 25.06 | 30.17 | 14.08 | 13.43 | 11.92 | 11.05 | 10.15 | 8.82 | 7.89 | 7.66 | 6.87 | 6.32 | 13.00 | 4.12 |
| Tangible BV per Share | 48.28 | 47.16 | 42.72 | 41.33 | 38.20 | 38.21 | 36.66 | 33.49 | 31.83 | 32.85 | 30.68 | 29.08 | 26.51 | 22.86 | 21.17 | 17.58 | 14.53 | 13.04 | 14.16 | 4.89 | 4.86 | 5.04 | 10.12 | 9.05 | 6.97 | 1.06 | 1.32 | 2.11 | 3.00 | 6.38 | 4.12 |
| Common Stock | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B | 8.93B | 8.79B | 8.74B | 7.27B | 5.79B | 5.79B | 5.79B | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 2.89B | 2.77B | 0 | 0 |
| Additional Paid-in Capital | 60.85B | 61.29B | 60.82B | 60.55B | 60.32B | 60.2B | 60.2B | 61.05B | 60.69B | 60.89B | 60.23B | 60.71B | 60.54B | 60.3B | 59.8B | 55.96B | 53.43B | 52.88B | 36.03B | 8.21B | 7.74B | 7.04B | 9.81B | 9.64B | 9.5B | 9.44B | 9.34B | 9.21B | 8.67B | 0 | 0 |
| Retained Earnings | 232.46B | 228.87B | 214.2B | 201.14B | 187.97B | 180.32B | 162.68B | 166.7B | 158.16B | 145.26B | 133.07B | 120.87B | 107.04B | 92.36B | 77.68B | 64.39B | 51.92B | 41.56B | 36.54B | 38.97B | 35.22B | 30.58B | 26.48B | 22.84B | 19.36B | 16B | 14.54B | 12.56B | 9.04B | 8.29B | 4.25B |
| Accumulated OCI | -7.92B | -6.67B | -12.18B | -11.58B | -13.36B | -1.7B | 194M | -1.31B | -6.34B | -2.14B | -3.14B | 297M | 3.52B | 1.39B | 5.65B | 3.21B | 4.74B | 3.01B | -6.87B | 725M | 302M | 665M | 661M | 709M | 786M | 752M | 524M | 759M | 460M | 409.9M | -6.4M |
| Treasury Stock | -131.48B | -128.12B | -111.46B | -92.96B | -82.85B | -79.76B | -67.79B | -68.83B | -47.19B | -29.89B | -22.71B | -18.87B | -13.69B | -8.1B | -6.61B | -2.74B | -487M | -2.45B | -4.67B | -6.04B | -3.2B | -3.39B | -2.25B | -1.83B | -2.46B | -1.94B | -1.07B | -1.83B | -651M | 0 | 0 |
| Preferred Stock | 15.35B | 16.61B | 18.61B | 19.45B | 19.45B | 20.06B | 21.14B | 21.55B | 23.21B | 25.36B | 24.55B | 22.21B | 19.21B | 16.27B | 12.88B | 11.43B | 8.69B | 8.48B | 31.33B | 450M | 384M | 325M | 270M | 214M | 251M | 64M | 267M | 271M | 463M | 463M | 188.8M |
Regulatory Asset Cap Constraints
According to quarterly balance sheet data, total assets grew from $1.9 trillion in 2024Q3 to $2.2 trillion by 2026Q1, yet this expansion remains heavily influenced by the persistent regulatory asset cap that limits the bank's ability to scale its core lending operations relative to its peers.
The modest asset growth appears to be a function of strategic rebalancing rather than aggressive market share acquisition. Investors should monitor whether the shift toward investment securities, which reached $1.6 trillion in 2026Q1, indicates a defensive posture necessitated by the inability to expand the loan book under current regulatory constraints.
As reported in financial statements, the equity-to-assets ratio has remained relatively stable, hovering between 0.08 and 0.10 over the last ten quarters, which suggests that management is maintaining a consistent capital cushion despite the ongoing pressures of regulatory remediation and the bank's specific asset cap limitations.
The stability of the equity base indicates a disciplined approach to capital management, allowing for consistent returns to shareholders even while the firm navigates a complex regulatory environment. This capital adequacy appears sufficient to absorb potential credit volatility, though it may limit the bank's capacity for transformative M&A until the asset cap is lifted.
Based on recent balance sheet filings, the bank's cash and cash equivalents position reached $174.8 billion in 2026Q1, reflecting a high degree of liquidity that serves as a buffer against potential deposit volatility and the ongoing uncertainty surrounding the bank's long-term regulatory status.
The substantial cash position suggests that Wells Fargo is prioritizing liquidity over yield maximization, likely as a safeguard against the cyclicality of its mortgage and commercial real estate portfolios. This conservative liquidity management appears to be a deliberate choice to maintain operational stability while the bank continues its multi-year transformation and remediation efforts.
Financial disclosures indicate that investment securities have expanded to $1.6 trillion as of 2026Q1, a significant portion of the total asset base that warrants further investigation regarding potential unrealized losses and duration sensitivity in a volatile interest rate environment that could impact future tangible book value.
While the securities portfolio provides a stable source of income, its sheer size relative to total assets suggests that the bank is highly sensitive to shifts in the yield curve. Investors should monitor whether this concentration in fixed-income assets creates a duration mismatch that could constrain net interest margin expansion if rates remain higher for longer than the market currently anticipates.
Quick answers to the most common questions about buying WFC stock.
As of 2025, Wells Fargo & Company (WFC) had total assets of $2.15T including $494.53B in current assets.
Wells Fargo & Company (WFC) carries total debt of $425.72B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Wells Fargo & Company (WFC) has total shareholders' equity (book value) of $181.12B ($56.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Wells Fargo & Company (WFC) reported a current ratio of 0.29x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.