Wells Fargo & Co - Understand $wfc stock

$WFC Market Cap: $179.7 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$62.41B

TTM

Gross Margin

Net Earnings

$17.88B

TTM

Current Assets

Current Liabilities

$199.7B

Q2 2024

Current Ratio

Total Assets

$1940B

Q2 2024

Total Liabilities

$1764B

Q2 2024

Book Value

$176.4B

Q2 2024

Cash

$230.8B

Q2 2024

P/E

10.05

Sep 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$82.60B	$73.79B	$78.49B	$74.26B	$85.06B	$86.41B	$88.39B	$88.27B	$49.28B	$47.55B	$47.09B	$48.39B	$49.41B	$52.80B	$56.27B	$34.90B	$35.18B
YoY Change	11.94%	-6.0%	5.69%	-12.7%	-1.56%	-2.24%	0.14%	79.12%	3.63%	0.98%	-2.69%	-2.07%	-6.41%	-6.18%	61.25%	-0.79%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$82.60B	$73.79B	$78.49B	$74.26B	$85.06B	$86.41B	$88.39B	$88.27B	$49.28B	$47.55B	$47.09B	$48.39B	$49.41B	$52.80B	$56.27B	$34.90B	$35.18B
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$6.271B	$6.832B	$7.890B	$8.736B	$7.075B	$5.593B	$5.406B	$4.970B	$3.288B	$2.515B	$3.293B	$2.807B	$2.208B	$1.924B	$2.841B	$1.669B	$1.532B	$3.221B	$4.161B	$3.449B	$4.305B	$4.297B	$3.864B	$1.790B	$1.971B	$2.231B	$1.734B	$1.458B	$312.0M	$232.0M	$206.0M	$179.0M	$155.0M	$113.0M	$86.00M	$58.00M	$56.00M	$46.00M
YoY Change	-8.21%	-13.41%	-9.68%	23.48%	26.5%	3.46%	8.77%	51.16%	30.74%	-23.63%	17.31%	27.13%	14.76%	-32.28%	70.22%	8.94%	-52.44%	-22.59%	20.64%	-19.88%	0.19%	11.21%	115.87%	-9.18%	-11.65%	28.66%	18.93%	367.31%	34.48%	12.62%	15.08%	15.48%	37.17%	31.4%	48.28%	3.57%	21.74%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$32.74B	$9.074B	$3.915B	$7.963B	$18.85B	$14.65B	$9.352B	$5.909B	$3.976B	$4.025B	$4.289B	$5.161B	$6.649B	$8.039B	$9.950B	$9.755B	$14.20B
YoY Change	260.84%	131.78%	-50.84%	-57.76%	28.67%	56.67%	58.27%	48.62%	-1.22%	-6.16%	-16.9%	-22.38%	-17.29%	-19.21%	2.0%	-31.32%
% of Operating Profit
Other Income/Expense, Net					$3.840B	$4.129B	$3.789B
YoY Change					-7.0%	8.97%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$21.64B	$14.97B	$28.82B	$2.505B	$25.97B	$28.54B	$27.38B	$32.12B	$33.64B	$33.92B	$32.63B	$28.47B	$23.66B	$19.00B	$18.00B	$3.300B	$11.84B	$12.65B	$11.55B	$10.77B	$9.477B	$8.854B	$5.460B	$6.549B	$6.350B	$3.665B	$4.193B	$3.767B	$1.423B	$1.181B	$880.0M	$646.0M	$468.0M	$237.0M	$303.0M	$239.0M	-$10.00M	$140.0M	$98.00M	$37.00M	$152.0M
YoY Change	44.54%	-48.05%	1050.34%	-90.35%	-9.01%	4.24%	-14.77%	-4.52%	-0.81%	3.94%	14.6%	20.35%	24.5%	5.57%	445.39%	-72.12%	-6.44%	9.54%	7.23%	13.63%	7.04%	62.16%	-16.63%	3.13%	73.26%	-12.59%	11.31%	164.72%	20.49%	34.2%	36.22%	38.03%	97.47%	-21.78%	26.78%	-2490.0%	-107.14%	42.86%	164.86%	-75.66%
Income Tax	$2.607B	$2.087B	$5.578B	-$1.157B	$5.761B	$5.662B	$4.917B	$10.08B	$10.37B	$10.31B	$10.41B	$9.103B	$7.445B	$6.338B	$5.331B	$602.0M	$3.570B	$4.230B	$3.877B	$3.755B	$3.275B	$3.144B	$2.049B	$2.523B	$2.338B	$1.474B	$1.694B	$1.539B	$467.0M	$380.0M	$267.0M	$176.0M	$67.00M	$102.0M	$80.00M	$15.00M	$25.00M	$46.00M	-$9.000M	-$33.00M	$27.00M
% Of Pretax Income	12.05%	13.94%	19.36%	-46.19%	22.19%	19.84%	17.96%	31.37%	30.81%	30.39%	31.89%	31.97%	31.47%	33.36%	29.62%	18.24%	30.16%	33.44%	33.57%	34.87%	34.56%	35.51%	37.53%	38.52%	36.82%	40.22%	40.4%	40.85%	32.82%	32.18%	30.34%	27.24%	14.32%	43.04%	26.4%	6.28%		32.86%	-9.18%	-89.19%	17.76%
Net Earnings	$17.98B	$12.07B	$21.55B	$3.377B	$19.72B	$22.39B	$22.18B	$21.94B	$22.89B	$23.06B	$21.88B	$18.90B	$15.87B	$12.36B	$12.28B	$2.655B	$8.057B	$8.420B	$7.671B	$7.014B	$6.202B	$5.434B	$3.411B	$4.026B	$4.012B	$2.191B	$2.499B	$2.228B	$956.0M	$800.0M	$613.0M	$394.0M	$401.0M	$136.0M	$223.0M	$224.0M	-$35.00M	$94.00M	$108.0M	$70.00M	$125.0M
YoY Change	49.02%	-44.0%	538.08%	-82.87%	-11.96%	0.95%	1.12%	-4.18%	-0.71%	5.39%	15.77%	19.08%	28.37%	0.71%	362.34%	-67.05%	-4.31%	9.76%	9.37%	13.09%	14.13%	59.31%	-15.28%	0.35%	83.11%	-12.32%	12.16%	133.05%	19.5%	30.51%	55.58%	-1.75%	194.85%	-39.01%	-0.45%	-740.0%	-137.23%	-12.96%	54.29%	-44.0%
Net Earnings / Revenue	21.77%	16.35%	27.45%	4.55%	23.18%	25.92%	25.1%	24.85%	46.46%	48.49%	46.46%	39.05%	32.12%	23.41%	21.81%	7.61%	22.9%
Basic Earnings Per Share	$4.88	$3.17	$4.99	$0.43	$4.12	$4.31	$4.14	$4.03	$4.18	$4.17	$3.95	$3.40	$2.85	$2.23	$1.76	$0.70	$2.41
Diluted Earnings Per Share	$4.83	$3.145M	$4.95	$0.43	$4.09	$4.28	$4.10	$3.99	$4.12	$4.10	$3.89	$3.36	$2.82	$2.21	$1.75	$0.70	$2.38	$2.469M	$2.249M	$2.047M	$1.827M	$1.581M	$987.6K	$1.171M	$1.156M	$640.5K	$753.6K	$709.3K	$702.9K	$610.2K	$473.4K	$323.0K	$342.4K	$129.6K	$228.2K	$277.2K	-$43.75K	$124.0K	$145.7K	$97.22K	$178.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$9.266B	$8.350B	$12.38B	$13.20B	$14.03B	$8.920B	$8.847B	$8.333B	$8.704B	$8.743B	$9.156B	$9.428B	$9.531B	$9.644B	$10.74B	$11.27B	$5.122B	$4.698B	$4.417B	$3.850B	$3.534B	$3.688B	$3.549B	$3.415B	$3.372B	$3.130B	$3.311B	$1.201B	$1.034B	$955.0M	$842.0M	$663.0M	$596.0M	$579.0M	$409.0M	$363.0M	$302.0M	$310.0M	$347.0M	$382.0M	$370.0M
YoY Change	10.97%	-32.53%	-6.25%	-5.93%	57.32%	0.83%	6.17%	-4.26%	-0.45%	-4.51%	-2.89%	-1.08%	-1.17%	-10.17%	-4.73%	120.01%	9.03%	6.36%	14.73%	8.94%	-4.18%	3.92%	3.92%	1.28%	7.73%	-5.47%	175.69%	16.15%	8.27%	13.42%	27.0%	11.24%	2.94%	41.56%	12.67%	20.2%	-2.58%	-10.66%	-9.16%	3.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments							$16.35B	$15.71B	$13.65B	$12.41B	$11.99B	$17.72B	$16.81B	$16.42B	$16.35B	$16.78B	$6.930B	$5.237B	$5.090B	$5.229B	$5.021B	$4.721B
YoY Change							4.1%	15.1%	9.97%	3.49%	-32.34%	5.44%	2.34%	0.42%	-2.55%	142.16%	32.33%	2.89%	-2.66%	4.14%	6.35%
Other Assets														$0.00	$3.212B	$13.86B
YoY Change														-100.0%	-76.83%
Total Long-Term Assets
YoY Change
Total Assets	$1932B	$1881B	$1948B	$1953B	$1928B	$1896B	$1952B	$1930B	$1788B	$1687B	$1524B	$1423B	$1314B	$1258B	$1244B	$1310B	$575.4B	$482.0B	$481.7B	$427.8B	$387.8B	$349.2B	$307.6B	$272.4B	$241.1B	$202.5B	$185.7B	$80.18B	$72.13B	$59.32B	$54.67B	$46.66B	$40.29B	$36.88B	$26.08B	$23.29B	$20.75B	$21.55B	$21.42B	$21.35B	$19.85B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$71.21B	$69.06B	$68.17B	$69.67B	$67.89B	$60.33B	$62.45B	$50.14B	$52.18B	$74.87B	$58.93B	$76.67B	$77.67B	$69.91B	$62.44B	$50.69B	$30.71B	$25.97B	$23.07B	$19.58B	$17.50B	$18.31B	$16.78B	$14.41B	$11.74B	$8.537B	$6.236B	$3.326B	$2.590B	$2.009B	$2.080B	$1.662B	$1.573B	$982.0M	$1.053B	$900.0M	$752.0M	$1.377B	$1.014B	$728.0M	$677.0M
YoY Change	3.12%	1.3%	-2.15%	2.63%	12.53%	-3.41%	24.56%	-3.91%	-30.31%	27.05%	-23.14%	-1.28%	11.09%	11.96%	23.19%	65.08%	18.26%	12.54%	17.81%	11.9%	-4.42%	9.14%	16.43%	22.78%	37.47%	36.9%	87.49%	28.42%	28.92%	-3.41%	25.15%	5.66%	60.18%	-6.74%	17.0%	19.68%	-45.39%	35.8%	39.29%	7.53%
Deferred Revenue
YoY Change
Short-Term Debt	$89.56B	$51.15B	$34.41B	$59.00B	$104.5B	$105.8B	$103.3B	$96.78B	$97.53B	$63.52B	$53.88B	$57.18B	$49.09B	$55.40B	$38.97B	$108.1B	$53.26B	$12.83B	$23.89B	$21.96B	$24.66B	$33.45B	$37.78B	$28.99B	$31.73B	$15.90B	$13.38B	$7.573B	$8.527B	$7.850B	$5.997B	$8.669B	$5.786B	$5.699B	$4.383B	$3.517B	$3.110B	$2.893B	$2.977B	$3.024B	$3.059B
YoY Change	75.11%	48.64%	-41.68%	-43.55%	-1.21%	2.45%	6.69%	-0.77%	53.54%	17.88%	-5.76%	16.47%	-11.39%	42.18%	-63.95%	102.94%	315.11%	-46.3%	8.79%	-10.94%	-26.27%	-11.48%	30.33%	-8.63%	99.58%	18.8%	76.69%	-11.19%	8.62%	30.9%	-30.82%	49.83%	1.53%	30.03%	24.62%	13.09%	7.5%	-2.82%	-1.55%	-1.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$160.8B	$69.06B	$68.17B	$69.67B	$67.89B	$60.33B	$62.45B	$50.14B	$52.18B	$74.87B	$58.93B	$76.67B	$77.67B	$69.91B	$62.44B	$50.69B	$30.71B	$25.97B	$23.07B	$19.58B	$17.50B	$18.31B	$16.78B	$14.41B	$11.74B	$8.537B	$6.236B	$3.326B	$2.590B	$2.009B	$2.080B	$1.662B	$1.573B	$982.0M	$1.053B	$900.0M	$752.0M	$1.377B	$1.014B	$728.0M	$677.0M
YoY Change	132.81%	1.3%	-2.15%	2.63%	12.53%	-3.41%	24.56%	-3.91%	-30.31%	27.05%	-23.14%	-1.28%	11.09%	11.96%	23.19%	65.08%	18.26%	12.54%	17.81%	11.9%	-4.42%	9.14%	16.43%	22.78%	37.47%	36.9%	87.49%	28.42%	28.92%	-3.41%	25.15%	5.66%	60.18%	-6.74%	17.0%	19.68%	-45.39%	35.8%	39.29%	7.53%
Long-Term Debt	$169.6B	$174.9B	$160.7B	$213.0B	$228.2B	$229.0B	$225.0B	$255.1B	$199.5B	$183.9B	$153.0B	$127.4B	$125.4B	$157.0B	$203.9B	$267.2B	$97.94B	$86.44B	$79.67B	$73.58B	$63.64B	$50.21B	$38.53B	$32.98B	$27.80B	$20.49B	$18.63B	$13.08B	$13.68B	$9.186B	$6.851B	$4.481B	$3.579B	$2.967B	$2.570B	$2.288B	$2.110B	$1.903B	$1.871B	$1.818B	$1.435B
YoY Change	-3.02%	8.83%	-24.54%	-6.68%	-0.37%	1.79%	-11.78%	27.84%	8.48%	20.23%	20.11%	1.62%	-20.15%	-23.0%	-23.69%	172.78%	13.3%	8.5%	8.27%	15.62%	26.76%	30.3%	16.82%	18.63%	35.65%	9.98%	42.44%	-4.35%	48.89%	34.08%	52.89%	25.2%	20.63%	15.45%	12.33%	8.44%	10.88%	1.71%	2.92%	26.69%
Other Long-Term Liabilities	$18.50B	$20.09B	$9.424B	$16.51B	$9.079B	$8.499B	$8.796B	$14.49B	$13.92B
YoY Change	-7.92%	113.13%	-42.92%	81.84%	6.82%	-3.38%	-39.3%	4.11%
Total Long-Term Liabilities	$188.1B	$195.0B	$170.1B	$229.5B	$237.3B	$237.5B	$233.8B	$269.6B	$213.5B	$183.9B	$153.0B	$127.4B	$125.4B	$157.0B	$203.9B	$267.2B	$97.94B	$86.44B	$79.67B	$73.58B	$63.64B	$50.21B	$38.53B	$32.98B	$27.80B	$20.49B	$18.63B	$13.08B	$13.68B	$9.186B	$6.851B	$4.481B	$3.579B	$2.967B	$2.570B	$2.288B	$2.110B	$1.903B	$1.871B	$1.818B	$1.435B
YoY Change	-3.52%	14.6%	-25.86%	-3.29%	-0.11%	1.59%	-13.26%	26.29%	16.04%	20.23%	20.11%	1.62%	-20.15%	-23.0%	-23.69%	172.78%	13.3%	8.5%	8.27%	15.62%	26.76%	30.3%	16.82%	18.63%	35.65%	9.98%	42.44%	-4.35%	48.89%	34.08%	52.89%	25.2%	20.63%	15.45%	12.33%	8.44%	10.88%	1.71%	2.92%	26.69%
Total Liabilities	$1747B	$1701B	$1760B	$1768B	$1740B	$1700B	$1745B	$1731B	$1595B	$1503B	$1353B	$1265B	$1174B	$1132B	$1132B	$1211B	$527.8B	$436.2B	$441.1B	$390.0B	$353.3B	$318.9B	$280.4B	$245.9B	$217.2B	$181.7B	$165.9B	$74.11B	$66.82B	$55.47B	$50.90B	$43.52B	$37.46B	$34.98B	$24.71B	$21.89B	$19.62B	$20.27B	$20.20B	$20.19B	$18.72B
YoY Change	2.68%	-3.37%	-0.44%	1.6%	2.39%	-2.59%	0.83%	8.52%	6.11%	11.04%	6.95%	7.82%	3.7%	-0.01%	-6.5%	129.35%	21.01%	-1.11%	13.1%	10.37%	10.8%	13.74%	13.99%	13.24%	19.52%	9.53%	123.86%	10.91%	20.47%	8.97%	16.97%	16.18%	7.07%	41.55%	12.91%	11.58%	-3.24%	0.36%	0.06%	7.81%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Basic Shares Outstanding	3.688B shares	3.805B shares	4.062B shares	4.118B shares	4.393B shares	4.800B shares	4.965B shares	5.053B shares	5.137B shares	5.237B shares	5.287B shares	5.288B shares	5.278B shares	5.227B shares	4.545B shares	3.378B shares	3.349B shares
Diluted Shares Outstanding	3.720B shares	3.837B shares	4.096B shares	4.134B shares	4.425B shares	4.838B shares	5.017B shares	5.108B shares	5.210B shares	5.324B shares	5.371B shares	5.352B shares	5.323B shares	5.263B shares	4.563B shares	3.391B shares	3.383B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $179.65 Billion

About Wells Fargo & Co

Wells Fargo & Co. is a diversified, community-based financial services company. The company is headquartered in San Francisco, California and currently employs 223,000 full-time employees. The company provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet (www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and 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. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.

Industry: National Commercial Banks Peers: Bank of America Corp JPMorgan Chase & Co Citigroup Inc US Bancorp