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WFC - Wells Fargo & Compan...

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Wells Fargo & Company

WFC

NYSE

Wells 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.

73.8 USD

1.99 (2.7%)

WFC Financial Statements

Year

2024

2023

2022

2021

Total Revenue

77.96B

77.2B

73.78B

78.49B

Cost of Revenue

0

-5.4B

-583M

-674M

Gross Profit

77.96B

82.6B

74.37B

79.17B

Operating Expenses

49.47B

48.53B

46.29B

48.06B

Research and Development

0

0

0

0

Selling, General & Administrative Expenses

49.47B

48.53B

46.29B

48.06B

Selling & Marketing Expenses

869M

812M

505M

600M

General & Administrative Expenses

36.36B

36.53B

35.09B

35.54B

Other Expenses

0

0

10.99B

5.73B

Operating Income

28.49B

28.67B

14.97B

35.26B

Total Other Income/Expenses Net

-5.13B

-7.03B

659M

-5.7B

Income Before Tax

23.36B

21.64B

15.63B

29.56B

Income Tax

3.4B

2.61B

2.09B

5.58B

Net Income

19.72B

19.14B

13.68B

22.11B

Basic EPS

5.43

4.88

3.3

5.13

EPS Diluted

5.37

4.83

3.27

5.08

Basic Average Shares

3.67B

3.69B

3.81B

4.06B

Diluted Average Shares

3.47B

3.72B

3.84B

4.1B

EBITDA

24B

27.91B

22.28B

37.31B

Retained Earning Schedule

Year

2024

2023

2022

2021

Retained Earnings (Previous Year)

201.14B

187.65B

180.32B

162.68B

Net Income

19.72B

19.14B

13.68B

22.11B

Stock Repurchases

-22.29B

-11.85B

-6.03B

-21.14B

Dividend Paid

-6.23B

-5.93B

-5.29B

-3.63B

Retained Earnings

214.2B

201.14B

187.65B

180.32B

Other Distributions

-15.46B

-4.29B

-4B

-7.13B

PPE Schedule

Year

2024

2023

2022

2021

Gross PPE

10.3B

18.24B

17.98B

18.56B

Annual Depreciation

-4.49B

6.27B

7.31B

8.49B

Capital Expenditure

0

0

0

0

Net PPE

14.79B

11.96B

10.67B

10.06B

Intangible and Goodwill Schedule

Year

2024

2023

2022

2021

Acquisitions and Adjustments

-8M

2M

-7M

-1.21B

Goodwill (Previous Year)

25.18B

25.17B

25.18B

26.39B

Goodwill

25.17B

25.18B

25.17B

25.18B

All figures are in USD.

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