Wells Fargo Past Earnings Performance
Past criteria checks 5/6
Wells Fargo has been growing earnings at an average annual rate of 1.8%, while the Banks industry saw earnings growing at 9.9% annually. Revenues have been declining at an average rate of 0.4% per year. Wells Fargo's return on equity is 10.3%, and it has net margins of 22.7%.
Key information
1.8%
Earnings growth rate
7.5%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | -0.4% |
| Return on equity | 10.3% |
| Net Margin | 22.7% |
| Next Earnings Update | 12 Jul 2024 |
Recent past performance updates
Recent updates
Here's Why Shareholders May Want To Be Cautious With Increasing Wells Fargo & Company's (NYSE:WFC) CEO Pay Packet
Apr 24
Wells Fargo: Limited Upside In 2024
Apr 20Wells Fargo: Strong Q1 Earnings Will Lead To Further Outperformance
Apr 13Wells Fargo Stock: It Was A Nice Rally, But Some Risks Remain (Rating Downgrade)
Apr 05Wells Fargo's 6.2% Preferreds: An Oasis In The Desert
Mar 29Comparing Wells Fargo Series CC And DD Preferred Stocks
Mar 16Wells Fargo: A 6.2% Preferred Dividend Yield While Waiting For Decreasing Rates
Feb 03Wells Fargo: Not Much To Be Excited About
Jan 26Wells Fargo: Looking Even Uglier Under The Hood
Jan 19Wells Fargo Q4 Earnings Reinforce The Bullish Outlook
Jan 12Wells Fargo's Fiscal Q4 Earnings Will Offer An Insight Into 2024
Jan 02Wells Fargo: Value Investors Say 'Thank You', Mr. Market
Nov 29If EPS Growth Is Important To You, Wells Fargo (NYSE:WFC) Presents An Opportunity
Nov 24Wells Fargo: I Started To Buy The 6.8% Yielding Preferred Shares
Nov 18Wells Fargo Q3: Risks Are Growing (Rating Downgrade)
Oct 23Bullish On Wells Fargo Stock Ahead Of Q3 Earnings
Oct 11Wells Fargo: A Solid Sell Setup In Place
Oct 03Revenue & Expenses BreakdownBeta
How Wells Fargo makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 77,601 | 17,582 | 48,641 | 0 |
| 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 |
Quality Earnings: WFC has high quality earnings.
Growing Profit Margin: WFC's current net profit margins (22.7%) are higher than last year (18.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WFC's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: WFC's earnings growth over the past year (32.5%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: WFC earnings growth over the past year (32.5%) exceeded the Banks industry -10.8%.
Return on Equity
High ROE: WFC's Return on Equity (10.3%) is considered low.