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Wells Fargo

LSE:0R2F
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0R2F
LSE
$215B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The last earnings update was 8 days ago. More info.


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0R2F Share Price and Events
7 Day Returns
2.4%
LSE:0R2F
1%
GB Banks
0.6%
GB Market
1 Year Returns
-8.2%
LSE:0R2F
-8.7%
GB Banks
1.1%
GB Market
0R2F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wells Fargo (0R2F) 2.4% -8% -0.4% -8.2% - -
GB Banks 1% 4.3% 4.4% -8.7% 17% -11.2%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0R2F underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0R2F
Industry
5yr Volatility vs Market

Value

 Is Wells Fargo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wells Fargo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wells Fargo.

LSE:0R2F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 20 analysts.
= Stable Book Value * Return on Equity
= $41.25 * 12.6%
$5.20
Book Value of Equity per Share Weighted future Book Value estimates from 17 analysts. $41.25
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0R2F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (163.19%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.24 * 5.96%)
8.62%

Discounted Cash Flow Calculation for LSE:0R2F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Wells Fargo is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0R2F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.6% – 8.62%) * $41.25)
$1.64
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.64 / (8.62% - 1.23%)
$22.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $41.25 + $22.23
$63.48
LSE:0R2F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0R2F represents 0.99432x of NYSE:WFC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99432x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 63.48 x 0.99432
$63.12
Value per share (USD) From above. $63.12
Current discount Discount to share price of $47.31
= -1 x ($47.31 - $63.12) / $63.12
25%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wells Fargo is available for.
Intrinsic value
25%
Share price is $47.31 vs Future cash flow value of $63.12
Current Discount Checks
For Wells Fargo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wells Fargo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wells Fargo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wells Fargo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wells Fargo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0R2F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.55
NYSE:WFC Share Price ** NYSE (2019-04-18) in USD $47.58
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.35x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wells Fargo.

LSE:0R2F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WFC Share Price ÷ EPS (both in USD)

= 47.58 ÷ 4.55

10.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo is overvalued based on earnings compared to the GB Banks industry average.
  • Wells Fargo is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Wells Fargo's expected growth come at a high price?
Raw Data
LSE:0R2F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
2.3%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0R2F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.45x ÷ 2.3%

4.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wells Fargo's assets?
Raw Data
LSE:0R2F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $39.03
NYSE:WFC Share Price * NYSE (2019-04-18) in USD $47.58
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0R2F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WFC Share Price ÷ Book Value per Share (both in USD)

= 47.58 ÷ 39.03

1.22x

* Primary Listing of Wells Fargo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo is overvalued based on assets compared to the GB Banks industry average.
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Value checks
We assess Wells Fargo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Wells Fargo has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Wells Fargo expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wells Fargo expected to grow at an attractive rate?
  • Wells Fargo's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Wells Fargo's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Wells Fargo's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0R2F Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0R2F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 2.3%
LSE:0R2F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts -1.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0R2F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0R2F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 76,878 22,383 4
2020-12-31 81,522 21,781 12
2019-12-31 80,584 21,276 10
LSE:0R2F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 83,717 21,463
2018-12-31 84,696 36,073 20,689
2018-09-30 85,732 21,417 20,718
2018-06-30 85,503 24,291 19,396
2018-03-31 86,082 20,814 20,054
2017-12-31 85,989 18,619 20,554
2017-09-30 85,283 23,108 19,686
2017-06-30 85,674 11,179 20,798
2017-03-31 85,082 8,170 20,521
2016-12-31 84,541 1,008 20,373
2016-09-30 84,550 -8,847 20,704
2016-06-30 84,199 12,487 20,904

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wells Fargo's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Wells Fargo's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0R2F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from Wells Fargo Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0R2F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.92 6.55 5.67 6.00
2020-12-31 5.25 5.79 4.79 24.00
2019-12-31 4.77 5.02 4.54 25.00
LSE:0R2F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.55
2018-12-31 4.31
2018-09-30 4.26
2018-06-30 3.96
2018-03-31 4.06
2017-12-31 4.14
2017-09-30 3.94
2017-06-30 4.15
2017-03-31 4.07
2016-12-31 4.03
2016-09-30 4.08
2016-06-30 4.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wells Fargo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wells Fargo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wells Fargo has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Wells Fargo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wells Fargo's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wells Fargo's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wells Fargo's 1-year earnings growth exceeds its 5-year average (7% vs -1.5%)
  • Wells Fargo's earnings growth has not exceeded the GB Banks industry average in the past year (7% vs 42.2%).
Earnings and Revenue History
Wells Fargo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wells Fargo Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0R2F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 83,717.00 21,463.00 41,124.00
2018-12-31 84,696.00 20,689.00 40,547.00
2018-09-30 85,732.00 20,718.00 41,054.00
2018-06-30 85,503.00 19,396.00 40,814.00
2018-03-31 86,082.00 20,054.00 40,546.00
2017-12-31 85,989.00 20,554.00 40,422.00
2017-09-30 85,283.00 19,686.00 40,844.00
2017-06-30 85,674.00 20,798.00 40,226.00
2017-03-31 85,082.00 20,521.00 39,099.00
2016-12-31 84,541.00 20,373.00 38,826.00
2016-09-30 84,550.00 20,704.00 37,304.00
2016-06-30 84,199.00 20,904.00 36,793.00
2016-03-31 84,129.00 21,094.00 36,641.00
2015-12-31 83,690.00 21,470.00 36,514.00
2015-09-30 83,846.00 21,649.00 36,115.00
2015-06-30 83,519.00 21,614.00 36,104.00
2015-03-31 83,350.00 21,675.00 35,987.00
2014-12-31 82,980.00 21,821.00 35,493.00
2014-09-30 82,296.00 21,808.00 34,524.00
2014-06-30 81,854.00 21,717.00 34,648.00
2014-03-31 81,731.00 21,565.00 34,708.00
2013-12-31 81,456.00 20,889.00 35,625.00
2013-09-30 81,256.00 20,377.00 35,426.00
2013-06-30 80,475.00 19,777.00 35,044.00
2013-03-31 79,238.00 18,908.00 34,602.00
2012-12-31 78,839.00 17,999.00 34,416.00
2012-09-30 77,300.00 17,030.00 34,599.00
2012-06-30 75,495.00 16,152.00 34,098.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wells Fargo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wells Fargo used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Wells Fargo improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Wells Fargo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wells Fargo has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wells Fargo's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Wells Fargo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wells Fargo Company Filings, last reported 2 weeks ago.

LSE:0R2F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 198,733.00 350,329.00 350,138.00
2018-12-31 197,066.00 343,330.00 341,274.00
2018-09-30 199,679.00 335,360.00 346,131.00
2018-06-30 206,069.00 332,287.00 343,312.00
2018-03-31 205,910.00 332,392.00 372,605.00
2017-12-31 208,079.00 337,072.00 383,522.00
2017-09-30 206,824.00 342,201.00 391,994.00
2017-06-30 206,145.00 345,861.00 380,515.00
2017-03-31 202,489.00 363,800.00 408,680.00
2016-12-31 200,497.00 366,350.00 357,810.00
2016-09-30 203,958.00 393,106.00 397,114.00
2016-06-30 202,661.00 379,668.00 398,766.00
2016-03-31 198,504.00 350,775.00 394,236.00
2015-12-31 193,891.00 310,984.00 357,219.00
2015-09-30 194,043.00 288,738.00 348,375.00
2015-06-30 190,676.00 277,410.00 332,472.00
2015-03-31 189,964.00 279,414.00 394,226.00
2014-12-31 185,262.00 266,199.00 346,719.00
2014-09-30 182,990.00 255,023.00 349,455.00
2014-06-30 181,549.00 237,961.00 328,821.00
2014-03-31 176,469.00 220,103.00 304,343.00
2013-12-31 171,008.00 206,881.00 296,525.00
2013-09-30 168,813.00 213,712.00 259,688.00
2013-06-30 163,777.00 192,300.00 224,299.00
2013-03-31 163,395.00 194,551.00 232,079.00
2012-12-31 158,911.00 196,496.00 206,534.00
2012-09-30 156,059.00 182,758.00 176,431.00
2012-06-30 149,437.00 181,007.00 154,634.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Wells Fargo has an acceptable proportion of non-loan assets held.
  • Wells Fargo's liabilities are made up of primarily low risk sources of funding.
  • Loans at Wells Fargo are broadly funded by customer deposits.
  • Wells Fargo's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Wells Fargo has a sufficient allowance for bad loans.
  • Wells Fargo has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Wells Fargo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wells Fargo has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Wells Fargo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.78%
Current annual income from Wells Fargo dividends. Estimated to be 4.12% next year.
If you bought $2,000 of Wells Fargo shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wells Fargo's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Wells Fargo's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0R2F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0R2F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.18 7.00
2020-12-31 2.01 24.00
2019-12-31 1.85 25.00
LSE:0R2F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-22 1.800 3.663
2018-10-23 1.720 3.447
2018-07-24 1.720 3.070
2018-07-13 1.720 3.028
2018-04-24 1.560 2.868
2018-01-23 1.560 2.770
2017-10-24 1.560 2.676
2017-07-27 1.560 2.942
2017-04-25 1.520 2.819
2017-01-24 1.520 2.697
2016-10-25 1.520 2.896
2016-07-26 1.520 3.232
2016-04-26 1.520 3.134
2016-01-26 1.500 3.083
2015-10-27 1.500 2.803
2015-07-28 1.500 2.799
2015-04-28 1.500 2.653
2015-04-14 1.500 2.745
2015-01-27 1.400 2.569
2014-10-28 1.400 2.613
2014-07-22 1.400 2.741
2014-04-29 1.400 2.744
2014-04-11 1.400 2.859
2014-01-28 1.200 2.544
2013-10-22 1.200 2.712
2013-07-23 1.200 2.832
2013-03-15 1.200 3.049
2013-01-24 1.000 2.816
2012-10-23 0.980 2.906
2012-07-24 0.980 2.848
2012-04-24 0.980 3.009
2012-01-24 0.580 1.817
2011-10-25 0.480 1.805
2011-07-26 0.480 1.919
2011-04-20 0.480 1.723
2011-01-25 0.200 0.625
2010-10-26 0.200 0.684
2010-07-27 0.200 0.778
2010-04-27 0.200 0.700
2010-01-26 0.200 0.675
2009-10-27 0.200 0.729
2009-07-28 0.200 0.718
2009-04-28 0.200 0.827
2009-04-21 1.360 6.919

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wells Fargo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Wells Fargo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wells Fargo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wells Fargo has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Wells Fargo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
C. Parker
AGE 63
TENURE AS CEO 0.1 years
CEO Bio

Mr. C. Allen Parker serves as Interim CEO, President and Director of Wells Fargo & Company since March 28, 2019. Mr. Parker served as the Senior Executive Vice President and General Counsel of Wells Fargo & Company since March 27, 2017 until March 28, 2019. Mr. Parker served as Partner of Corporate Department and as Member of the Corporate Governance and Board Advisory Practice at Cravath, Swaine & Moore LLP. He was employed in a number of leadership positions during his more than 25 years stay with Cravath, Swaine & Moore LLP. He served as Presiding Partner of Cravath, Swaine & Moore LLP from January 1, 2013 to January 1, 2017. He was responsible for strategic planning, risk management, financial analysis and reporting, business development and the management of Cravath, Swaine & Moore LLP's 86 partners and more than 1,200 employees. He served as Deputy Presiding Partner at Cravath, Swaine & Moore LLP from January 1, 2007 to January, 2013. He joined Cravath, Swaine & Moore LLP in 1984 and served as its Partner from June 1990 to March 2017. He specializes in complex syndicated loan transactions, primarily in the context of acquisition financings and leveraged recapitalizations. He has extensive experience in a broad range of finance, banking and related matters, including syndicated loan transactions, acquisition financings and leveraged recapitalizations, as well as extensive experience in a broad range of corporate advisory matters. Mr. Parker’s clients have included JPMorgan Chase, Citigroup, Covenant House, DreamWorks Animation, DreamWorks Studios, Kissinger Associates and Permira. Earlier in his career, he served in a clerkship with Hon. Amalya Kearse of the U.S. Court of Appeals for the Second Circuit. Mr. Parker received a B.A. degree magna cum laude from Duke University in 1977 and an M.A. from the University of Chicago in 1980. He earned a J.D. magna cum laude from Columbia Law School, where he was a Harlan Fiske Stone Scholar and Notes and Comments Editor of the Law Review in 1983. He is a member of the New York State Bar Association and of the New York City Bar Association, where he served on the Corporation Law Committee from 2009 to 2012.

CEO Compensation
  • Insufficient data for C. to compare compensation growth.
  • Insufficient data for C. to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Wells Fargo management team in years:

3.4
Average Tenure
55.5
Average Age
  • The tenure for the Wells Fargo management team is about average.
Management Team

John Shrewsberry

TITLE
Senior EVP & CFO
COMPENSATION
$13M
AGE
52
TENURE
4.9 yrs

Avid Modjtabai

TITLE
Senior EVP of Payments
COMPENSATION
$10M
AGE
56
TENURE
12 yrs

Perry Pelos

TITLE
Senior Executive Vice President of Wholesale Banking
COMPENSATION
$9M
AGE
54
TENURE
10.2 yrs

Mary Mack

TITLE
Head of Consumer Banking
COMPENSATION
$9M
AGE
55
TENURE
2.2 yrs

C. Parker

TITLE
Interim CEO
AGE
63
TENURE
0.1 yrs

Titi Cole

TITLE
Head of Operations & Executive VP
TENURE
2 yrs

Rich Levy

TITLE
Executive VP
AGE
60

Scott Dillon

TITLE
Chief Technology Officer
TENURE
3.2 yrs

Hope Hardison

TITLE
Chief Administrative Officer
AGE
53
TENURE
3.7 yrs

John Campbell

TITLE
Head of Investor Relations
AGE
84
Board of Directors Tenure

Average tenure and age of the Wells Fargo board of directors in years:

2.2
Average Tenure
64
Average Age
  • The average tenure for the Wells Fargo board of directors is less than 3 years, this suggests a new board.
Board of Directors

Betsy Duke

TITLE
Chairman of the Board
COMPENSATION
$631K
AGE
65
TENURE
1.3 yrs

C. Parker

TITLE
Interim CEO
AGE
63
TENURE
0.1 yrs

Henry Jordan

TITLE
Chairman & CEO of Wells Fargo Capital Finance
AGE
62

Don James

TITLE
Independent Director
COMPENSATION
$358K
AGE
69
TENURE
10.3 yrs

John Baker

TITLE
Independent Director
COMPENSATION
$350K
AGE
69
TENURE
10.3 yrs

Jim Quigley

TITLE
Independent Director
COMPENSATION
$417K
AGE
66
TENURE
5.5 yrs

Zan Vautrinot

TITLE
Independent Director
COMPENSATION
$348K
AGE
58
TENURE
4.2 yrs

Ron Sargent

TITLE
Independent Director
COMPENSATION
$359K
AGE
62
TENURE
2.2 yrs

Ted Craver

TITLE
Independent Director
COMPENSATION
$404K
AGE
66
TENURE
1.3 yrs

Maria Morris

TITLE
Independent Director
COMPENSATION
$413K
AGE
55
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Aug 18 Sell Avid Modjtabai Individual 17. Aug 18 17. Aug 18 -100,000 $58.71 $-5,871,000
14. Aug 18 Sell Hope Hardison Individual 13. Aug 18 13. Aug 18 -25,000 $58.01 $-1,450,250
25. May 18 Sell Petros Pelos Individual 24. May 18 24. May 18 -25,567 $54.76 $-1,400,049
X
Management checks
We assess Wells Fargo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wells Fargo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services. As of February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Details
Name: Wells Fargo & Company
0R2F
Exchange: LSE
Founded: 1852
$214,678,477,751
4,511,947,830
Website: http://www.wellsfargo.com
Address: Wells Fargo & Company
420 Montgomery Street,
San Francisco,
California, 94163,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WFC Common Stock New York Stock Exchange US USD 02. Jan 1968
DB NWT Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA NWT Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0R2F Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX WFC Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG WFC Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
SNSE WFC Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BMV WFC * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
NYSE WFC.PRN DEP SHS REPSTG 1 New York Stock Exchange US USD 13. Aug 2012
NYSE WFC.PRO DEP1/1000PF CL A New York Stock Exchange US USD 15. Nov 2012
NYSE WFC.PRP DEP1/1000PF CL A New York Stock Exchange US USD 19. Mar 2013
NYSE WFC.PRQ DEP SHS 1/1000 A New York Stock Exchange US USD 16. Jul 2013
NYSE WFC.PRR DEP 1/1000 PFD A New York Stock Exchange US USD 13. Dec 2013
NYSE WFC.PRT DEP SHS 1/1000 T New York Stock Exchange US USD 17. Jul 2014
NYSE WFC.PRV DEP PFD V 1/1000 New York Stock Exchange US USD 10. Sep 2015
NYSE WFC.PRW PFD SER W CL A New York Stock Exchange US USD 21. Jan 2016
NYSE WFC.PRX PFD SER X CL A New York Stock Exchange US USD 10. Jun 2016
NYSE WFC.PRY NON CUM PFD Y New York Stock Exchange US USD 18. Apr 2017
NYSE WFC.PRL PERP PFD CNV A New York Stock Exchange US USD 15. Apr 2008
BOVESPA WFCO34 BDR EACH REPR 1 COM SH Bolsa de Valores de Sao Paulo BR BRL 03. Jan 2012
BASE WFC CEDEAR EACH 5 REP 1 COM USD1.666666 Buenos Aires Stock Exchange AR ARS 26. Jul 2001
DB NWT2 7.98%-FR PERP PRF CL 'A' SRS K USD1000 Deutsche Boerse AG DE USD 08. Jan 2009
Number of employees
Current staff
Staff numbers
262,100
Wells Fargo employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:47
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/12
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.