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Wells Fargo Past Earnings Performance
Past criteria checks 4/6
Wells Fargo's earnings have been declining at an average annual rate of -1.5%, while the Banks industry saw earnings growing at 10.7% annually. Revenues have been declining at an average rate of 1.2% per year. Wells Fargo's return on equity is 10.2%, and it has net margins of 23.3%.
Key information
-1.48%
Earnings growth rate
4.51%
EPS growth rate
Banks Industry Growth
11.18%
Revenue growth rate
-1.20%
Return on equity
10.15%
Net Margin
23.29%
Next Earnings Update
12 Apr 2024
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Wells Fargo makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NYSE:WFC.PRR Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Dec 23
77,198
17,982
48,530
0
30 Sep 23
76,492
17,204
47,606
0
30 Jun 23
75,614
15,067
46,858
0
31 Mar 23
73,258
13,271
46,468
0
31 Dec 22
72,834
12,562
46,289
0
30 Sep 22
74,983
15,155
46,435
0
30 Jun 22
76,434
16,629
47,071
0
31 Mar 22
81,541
19,509
47,663
0
31 Dec 21
83,321
20,818
48,059
0
30 Sep 21
80,119
17,527
48,753
0
30 Jun 21
78,440
15,641
49,184
0
31 Mar 21
65,655
5,738
49,506
0
31 Dec 20
60,172
1,786
48,479
0
30 Sep 20
60,802
1,591
47,836
0
30 Jun 20
63,563
2,727
52,046
0
31 Mar 20
75,862
12,735
49,970
0
31 Dec 19
84,227
18,105
49,170
0
30 Sep 19
83,651
21,103
46,709
0
30 Jun 19
83,697
22,519
40,169
0
31 Mar 19
83,717
21,463
39,824
0
31 Dec 18
84,696
20,689
46,321
0
30 Sep 18
85,732
20,718
40,112
0
30 Jun 18
85,503
19,396
40,183
0
31 Mar 18
86,082
20,054
40,201
0
31 Dec 17
85,989
20,554
39,071
0
30 Sep 17
85,283
19,686
40,844
0
30 Jun 17
85,674
20,798
40,226
0
31 Mar 17
85,082
20,521
39,444
0
31 Dec 16
84,541
20,373
38,826
0
30 Sep 16
84,550
20,704
37,304
0
30 Jun 16
84,199
20,904
36,793
0
31 Mar 16
84,129
21,094
36,641
0
31 Dec 15
83,690
21,470
36,514
0
30 Sep 15
83,846
21,649
36,115
0
30 Jun 15
83,519
21,614
36,104
0
31 Mar 15
83,350
21,675
35,987
0
31 Dec 14
82,980
21,821
35,493
0
30 Sep 14
82,296
21,808
34,524
0
30 Jun 14
81,854
21,717
34,648
0
31 Mar 14
81,731
21,565
34,708
0
31 Dec 13
81,456
20,889
35,625
0
30 Sep 13
81,256
20,377
35,426
0
30 Jun 13
80,475
19,777
35,044
0
31 Mar 13
79,238
18,908
34,602
0
Quality Earnings: WFC.PRR has high quality earnings.
Growing Profit Margin: WFC.PRR's current net profit margins (23.3%) are higher than last year (17.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WFC.PRR's earnings have declined by 1.5% per year over the past 5 years.
Accelerating Growth: WFC.PRR's earnings growth over the past year (43.1%) exceeds its 5-year average (-1.5% per year).
Earnings vs Industry: WFC.PRR earnings growth over the past year (43.1%) exceeded the Banks industry -8.8%.
Return on Equity
High ROE: WFC.PRR's Return on Equity (10.2%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2024/03/15 11:37
End of Day Share Price
2024/03/15 00:00
Earnings
2023/12/31
Annual Earnings
2023/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Wells Fargo & Company is covered by 49 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.