Wells Fargo & Co. logo

WFC

Wells Fargo & Co.

$45.59

Earnings Summary

Revenue
$17028Mn
Net Profits
$10198Mn
Net Profit Margins
59.89%
PE Ratio
9.01

Highlights

Revenue:

Wells Fargo & Co.’s revenue fell -15.99% since last year same period to $17028Mn in the Q2 2022. On a quarterly growth basis, Wells Fargo & Co. has generated -3.21% fall in its revenue since last 3-months.

Net Profits:

Wells Fargo & Co.’s net profit jumped 68.84% since last year same period to $10198Mn in the Q2 2022. On a quarterly growth basis, Wells Fargo & Co. has generated 177.8% jump in its net profits since last 3-months.

Net Profit Margins:

Wells Fargo & Co.’s net profit margin jumped 100.99% since last year same period to 59.89% in the Q2 2022. On a quarterly growth basis, Wells Fargo & Co. has generated 187% jump in its net profit margins since last 3-months.

PE Ratio:

Wells Fargo & Co.’s price-to-earnings ratio after this Q2 2022 earnings stands at 9.01.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Wells Fargo & Co. post its latest quarter earnings

EPS Estimate Current Quarter
1.1
EPS Estimate Current Year
1.1

Highlights

EPS Estimate Current Quarter:

Wells Fargo & Co.’s earning per share (EPS) estimates for the current quarter stand at 1.1 - a 37.5% jump from last quarter’s estimates.

EPS Estimate Current Year:

Wells Fargo & Co.’s earning per share (EPS) estimates for the current year stand at 1.1.

Key Ratios

Key ratios of the Wells Fargo & Co. post its Q2 2022 earnings

Earning Per Share (EPS)
0.74
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.12
Dividend Per Share (DPS)
0.6

Highlights

Earning Per Share (EPS):

Wells Fargo & Co.’s earning per share (EPS) fell -46.38% since last year same period to 0.74 in the Q2 2022. This indicates that the Wells Fargo & Co. has generated -46.38% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

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.

Earning Per Share (EPS):

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 0.12.

Dividend Per Share (DPS):

Wells Fargo & Co. declared 0.6 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-03
0.8
0.88
10%
2022-08-01
0.8
0.74
-7.5%

Company Information

Wells Fargo is a diversified financial services company; that prides itself in being a community-based organisation. Henry Wells and William G. Fargo founded the company in March 1852. The company has its headquarters in San Francisco, CA, USA. It is one of the Big Four Banks of the United States. Wells Fargo offers a range of banking, insurance, commercial finance, investment and mortgage products and services. It has operations in 35 countries and has over 70 million customers globally. The company has three customer segments; individuals, small businesses, and large businesses. They have five major business groups: Wholesale Banking, Community Banking, Wealth and Investment Management; Consumer Lending; and Payments, Virtual Solutions and Innovation. The Wholesale Banking group caters to businesses in the US and the world over and offers them financial solutions. The Community Banking group offers a bouquet of diversified financial products and services to customers and small businesses. This includes checking and savings accounts, credit and debit cards, and a range of lending products. The Wealth and Investment Management group offers investment advice, retirement products and wealth management services to its clients. Consumer Lending is a diversified group including home lending, credit card, personal loans, direct auto, retail services and education financial services businesses. Wells Fargo & Co. has created the Payments, Virtual Solutions and Innovation group to focus on strategy, digital platforms and innovation, Wells Fargo ranks No. 30 on Fortune's 2020 rankings of America's largest corporations. The company is focused on building a sustainable, inclusive future for all by supporting affordable, financial health, small business growth, and a low-carbon economy. Currently Wells Fargo & Co. has a market cap of $174.71 Billion. It has a P.E ratio of 11.09. The shares of Wells Fargo & Co. are trading at $46.14. .

Organisation
Wells Fargo & Co.
Headquarters
420 Montgomery Street, San Francisco, CA, United States, 94104
Employees
268531
Industry
Finance
CEO
Charles Scharf