Earnings Summary

Wells Fargo & Co.’s revenue jumped 51.85% since last year same period to $31476Mn in the Q1 2024. On a quarterly growth basis, Wells Fargo & Co. has generated 53.71% jump in its revenue since last 3-months.

Wells Fargo & Co.’s net profit fell -7.45% since last year same period to $4619Mn in the Q1 2024. On a quarterly growth basis, Wells Fargo & Co. has generated 34.04% jump in its net profits since last 3-months.

Wells Fargo & Co.’s net profit margin fell -39.05% since last year same period to 14.67% in the Q1 2024. On a quarterly growth basis, Wells Fargo & Co. has generated -12.8% fall in its net profit margins since last 3-months.

Wells Fargo & Co.’s price-to-earnings ratio after this Q1 2024 earnings stands at 12.57.

Wells Fargo & Co.’s earning per share (EPS) estimates for the current quarter stand at 1.19 - a 7.21% jump from last quarter’s estimates.

Wells Fargo & Co.’s earning per share (EPS) estimates for the current year stand at 1.19.

Wells Fargo & Co.’s earning per share (EPS) fell -2.44% since last year same period to 1.2 in the Q1 2024. This indicates that the Wells Fargo & Co. has generated -2.44% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

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 0.1.

Wells Fargo & Co. declared 0.35 dividend per share during the earnings announcement for Q1 2024.