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WFC-PA

Wells Fargo & Company

WFC-PA

Wells Fargo & Company • NYSE
$18.97 ▼ -0.92% (-0.18)
Market Cap $61.68 B
52w High $20.80
52w Low $18.00
Dividend Yield 1.18%
P/E 3.93
Volume 209.50K
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 ▼$1.11Bn ▼
Corporate and Investment Banking
Corporate and Investment Banking
 $4.91Bn ▲$9.45Bn ▲$5.06Bn ▼$210.00M ▼
Wealth And Investment Management
Wealth And Investment Management
 $3.88Bn ▲$7.82Bn ▲$3.87Bn ▼$0 ▼
Wholesale Banking
Wholesale Banking
 $3.33Bn ▲$6.29Bn ▲$2.92Bn ▼$140.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Wells Fargo’s income picture over the last several years shows a clear recovery and then steady improvement. Revenue has climbed meaningfully from early‑pandemic levels, while profits have grown faster than sales, suggesting better efficiency and tighter cost control. Earnings dipped when the bank was working through legacy issues and a tough rate environment, but have since rebounded to healthy levels. Overall, the business looks more profitable, with stronger cushions to absorb future credit or regulatory shocks, though results will still move with the economic and interest‑rate cycle.

Balance Sheet

Balance Sheet The balance sheet is large and relatively stable, with total assets hovering in the same broad range for several years. Equity has remained steady, which points to a consistent capital base rather than a shrinking one. Debt levels move around but appear manageable in the context of a bank of this size, especially given its broad deposit funding. Cash and liquid resources fluctuate from year to year, which is normal for a big bank, but the firm continues to operate with substantial liquidity and regulatory oversight on capital strength.

Cash Flow

Cash Flow Reported cash flows are quite volatile from year to year, including a period with negative operating cash flow followed by very strong positive years. For banks, this is often driven by swings in deposits, loans, and trading assets rather than by underlying profitability alone. What matters more is that the core franchise has returned to solid earnings, which typically supports internal capital generation over time. The lack of traditional capital spending is normal for a bank, since most investment is funneled through technology and people rather than factories or equipment.

Competitive Edge

Competitive Edge Wells Fargo remains one of the largest U.S. banks, with a broad branch network, a huge deposit base, and deep relationships across retail, commercial, and wealth customers. Its low‑cost funding from sticky deposits is a key edge, helping it lend profitably even in competitive markets. Scale allows it to spread technology and compliance costs over a very large customer base, supporting efficiency. That said, the bank still carries reputational and regulatory baggage from past missteps and faces intense competition from other megabanks, digital‑only banks, and fintechs, which puts pressure on pricing and service quality.

Innovation and R&D

Innovation and R&D The company is pushing a clear digital and AI‑first strategy, shifting away from a pure branch‑centric model. Its AI assistant “Fargo” and the Vantage platform for corporate clients are examples of tools aimed at making banking more personalized, proactive, and convenient. Behind the scenes, Wells Fargo is using machine learning to refine lending decisions and fight fraud, and it is embracing open banking so its services can plug into other apps and platforms. These efforts could improve customer experience and efficiency, but success depends on execution, cybersecurity, and keeping pace with rapid innovation from both big tech and fintech rivals.

Summary

Overall, Wells Fargo looks like a large, mature bank that has moved from repair mode into a more stable, growth‑and‑efficiency phase. Profitability has recovered well from pandemic and legacy issues, and the balance sheet remains sizable and steady, with a solid capital base. Cash flows are noisy, as is typical for a bank, but the earnings trend is supportive for long‑term obligations. Its competitive strengths lie in low‑cost deposits, scale, and broad product reach, while key risks stem from regulation, credit cycles, reputation, and the need to execute a major digital transformation. For a preferred security like WFC‑PA, the long‑term story is mainly about the durability of this franchise and its ability to manage risks while modernizing its business.