Earnings Summary

Wells Fargo & Co.’s revenue jumped 20.58% since last year same period to $20533Mn in the Q2 2023. On a quarterly growth basis, Wells Fargo & Co. has generated -0.95% fall in its revenue since last 3-months.

Wells Fargo & Co.’s net profit jumped 58.32% since last year same period to $4938Mn in the Q2 2023. On a quarterly growth basis, Wells Fargo & Co. has generated -1.06% fall in its net profits since last 3-months.

Wells Fargo & Co.’s net profit margin jumped 31.29% since last year same period to 24.05% in the Q2 2023. On a quarterly growth basis, Wells Fargo & Co. has generated -0.12% fall in its net profit margins since last 3-months.

Wells Fargo & Co.’s earning per share (EPS) estimates for the current quarter stand at 1.25 - a 14.68% jump from last quarter’s estimates.

Wells Fargo & Co.’s earning per share (EPS) estimates for the current year stand at 1.25.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Wells Fargo & Co.’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Wells Fargo & Co.’s return on equity (ROE) stands at 0.09.

Wells Fargo & Co. declared 0.3 dividend per share during the earnings announcement for Q1 2023.