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WFC

Wells Fargo & Company

WFC

Wells Fargo & Company • NYSE
$85.86 ▲ 0.36% (+0.30)
Market Cap $279.20 B
52w High $88.64
52w Low $58.42
Dividend Yield 1.80%
P/E 14.08
Volume 6.40M
Outstanding Shares 3.25B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $31.905B ▲ $13.846B ▲ $5.589B ▲ 17.518% ▼ $1.68 ▲ $7.305B ▼
Q2-2025 $30.434B ▲ $13.379B ▼ $5.494B ▲ 18.052% ▲ $1.61 ▲ $8.331B ▲
Q1-2025 $29.627B ▼ $13.891B ▼ $4.894B ▼ 16.519% ▼ $1.41 ▼ $7.184B ▼
Q4-2024 $30.597B ▼ $13.9B ▲ $5.079B ▼ 16.6% ▲ $1.45 ▲ $7.367B ▼
Q3-2024 $31.674B $13.067B $5.114B 16.146% $1.43 $8.017B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $486.13B ▲ $2.063T ▲ $1.88T ▲ $181.154B ▲
Q2-2025 $377.976B ▲ $1.981T ▲ $1.798T ▲ $181.111B ▲
Q1-2025 $352.312B ▼ $1.95T ▲ $1.767T ▲ $181.09B ▲
Q4-2024 $363.464B ▲ $1.93T ▲ $1.749T ▲ $179.12B ▼
Q3-2024 $350.248B $1.922T $1.737T $183.265B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.609B ▲ $-869M ▲ $-82.865B ▼ $63.117B ▲ $-20.617B ▼ $-869M ▲
Q2-2025 $5.522B ▲ $-11.216B ▼ $8.048B ▲ $20.123B ▲ $16.955B ▲ $-11.216B ▼
Q1-2025 $4.804B ▼ $-11.037B ▼ $-27.508B ▼ $12.821B ▲ $-25.724B ▼ $-11.037B ▼
Q4-2024 $5.263B ▲ $8.904B ▲ $-1.064B ▲ $9.934B ▲ $17.774B ▲ $8.904B ▲
Q3-2024 $5.17B $4.206B $-21.098B $-29.76B $-46.652B $4.206B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Community Banking
Community Banking
 $9.12Bn ▲$17.99Bn ▲$8.91Bn ▼$9.23Bn ▲
Corporate and Investment Banking
Corporate and Investment Banking
 $4.91Bn ▲$9.45Bn ▲$5.06Bn ▼$4.67Bn ▼
Wealth And Investment Management
Wealth And Investment Management
 $3.88Bn ▲$7.82Bn ▲$3.87Bn ▼$3.90Bn ▲
Wholesale Banking
Wholesale Banking
 $3.33Bn ▲$6.29Bn ▲$2.92Bn ▼$2.93Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Wells Fargo’s earnings profile has strengthened meaningfully over the past five years. Revenue has trended upward, and profits have improved even more than sales, suggesting better pricing, mix, and cost control. The business has clearly moved past the weak pandemic‑era results, with profitability now back in a healthier, more consistent range. The gap between revenue and net income shows there is still meaningful sensitivity to credit costs, regulation, and one‑off items, but the recent pattern points to a more efficient, leaner bank than it was earlier in the decade.

Balance Sheet

Balance Sheet The balance sheet looks large, steady, and fairly conservative for a major U.S. bank. Total assets have hovered in a narrow band, implying no aggressive balance‑sheet expansion. Cash levels move around but remain substantial, and debt is material but manageable compared with the firm’s overall size. Equity has stayed broadly stable over several years, which signals a solid capital base and no dramatic swings from losses or outsized shareholder payouts. Overall, the profile fits a mature, systemically important bank focused on stability rather than rapid growth.

Cash Flow

Cash Flow Reported cash flows have been volatile from year to year, which is typical in banking and often reflects shifts in loans, deposits, and securities rather than core health. After a period of weak or negative operating cash flow earlier in the period, the bank generated much stronger cash inflows in the middle years, before easing back more recently. With capital spending relatively light in these figures, almost all operating cash flow flows through as free cash flow. The main takeaway is that cash generation can swing sharply with interest‑rate and balance‑sheet moves, even when the income statement looks steady.

Competitive Edge

Competitive Edge Wells Fargo retains a deep competitive moat built on its massive deposit base, national branch and ATM network, and long‑standing customer relationships. Its diversified business mix across consumer, commercial, investment banking, and wealth management gives it multiple profit streams and cushions it against weakness in any single area. Scale allows it to spread technology and compliance costs over a very large customer and asset base, which is a key cost advantage. At the same time, the bank is still working through the legacy of past regulatory and reputational issues, which remain an overhang and a key differentiator versus some peers. Execution on risk, compliance, and culture is as important to its moat as its size and product breadth.

Innovation and R&D

Innovation and R&D Wells Fargo is putting significant weight behind a digital‑first strategy. It is modernizing its technology stack using multiple cloud providers, rolling out AI tools like its “Fargo” virtual assistant, and expanding data‑driven decisioning in areas such as marketing and credit. The bank is also leaning into open banking via APIs and fintech partnerships, making it easier for customers and corporate clients to plug Wells Fargo services into their own financial apps and systems. Cybersecurity investment remains a priority given its scale. Beyond core banking, the company is pushing into sustainable finance and clean‑technology incubation, and it is building out specialized technology banking teams, which together suggest an innovation agenda that looks beyond just cost savings to new revenue opportunities.

Summary

Overall, Wells Fargo today looks like a mature, diversified bank that has rebuilt profitability and tightened efficiency after a troubled period. Its balance sheet is large and steady, with capital levels that appear solid and no signs of aggressive risk‑taking in the headline figures. Cash flow remains inherently choppy, reflecting the nature of banking rather than simple operational weakness. The bank’s enduring strengths are its scale, deposit franchise, and broad product set, now increasingly wrapped in a more modern digital platform. The main uncertainties center on continued regulatory oversight, execution of its technology and culture transformation, and how effectively it can translate its innovation spending into durable, higher‑quality growth over time.

NEWS

November 20, 2025 · 4:15 PM UTC

Wells Fargo Names Saul Van Beurden to Lead Artificial Intelligence; Kleber Santos to Expand Responsibilities and Serve as Co-CEO of Consumer Banking and Lending with Van Beurden

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November 14, 2025 · 8:00 AM UTC

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

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November 4, 2025 · 9:00 AM UTC

Wells Fargo Welcomes JetBlue as Newest Rewards Points Transfer Partner

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November 3, 2025 · 9:09 AM UTC

Wells Fargo and Military Warriors Support Foundation Celebrate 10 Years of Veteran Vehicle Donations

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November 3, 2025 · 6:15 AM UTC

Enlight Secures Nearly $150 Million in Tax Equity Financing for Quail Ranch

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