Wells Fargo Past Earnings Performance
Past criteria checks 2/6
Wells Fargo has been growing earnings at an average annual rate of 10.2%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 1.2% per year. Wells Fargo's return on equity is 9.8%, and it has net margins of 21.8%.
Key information
10.2%
Earnings growth rate
14.9%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 1.2% |
| Return on equity | 9.8% |
| Net Margin | 21.8% |
| Next Earnings Update | 15 Jan 2025 |
Recent past performance updates
Recent updates
Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall
Oct 07Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments
Oct 01Wells Fargo's New Enforcement Action Pushes Back The Asset Cap Lifting Timeline (Rating Downgrade)
Sep 19Wells Fargo: Too Much Uncertainty
Aug 29Wells Fargo (NYSE:WFC) Is Increasing Its Dividend To $0.40
Jul 31
Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)
Jul 17Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential
Jul 01Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred
Jun 22Is Now The Time To Put Wells Fargo (NYSE:WFC) On Your Watchlist?
Jun 10Wells Fargo Continues To Grow Despite Its Past
May 30Wells Fargo: Uneven Q1 Results Point To A Hold
May 21Here's Why Shareholders May Want To Be Cautious With Increasing Wells Fargo & Company's (NYSE:WFC) CEO Pay Packet
Apr 24Wells 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 29Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Sep 24 | 77,875 | 16,965 | 48,716 | 0 |
| 30 Jun 24 | 78,234 | 17,563 | 48,713 | 0 |
| 31 Mar 24 | 77,601 | 17,582 | 48,654 | 0 |
| 31 Dec 23 | 77,198 | 17,982 | 48,530 | 0 |
| 30 Sep 23 | 77,079 | 17,699 | 47,606 | 0 |
| 30 Jun 23 | 76,201 | 15,562 | 46,858 | 0 |
| 31 Mar 23 | 73,841 | 13,766 | 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 |
Quality Earnings: WFC has high quality earnings.
Growing Profit Margin: WFC's current net profit margins (21.8%) are lower than last year (23%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WFC's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: WFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WFC had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Banks industry average (-12.3%).
Return on Equity
High ROE: WFC's Return on Equity (9.8%) is considered low.