Logo

WFC-PC

Wells Fargo & Company

WFC-PC

Wells Fargo & Company • NYSE
$17.70 ▼ -0.88% (-0.16)
Market Cap $249.67 B
52w High $19.56
52w Low $16.85
Dividend Yield 1.09%
P/E 61.03
Volume 187.79K
Outstanding Shares 13.82B

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 Q3-2024Q4-2024Q1-2025Q3-2025
Community Banking
Community Banking
 $9.12Bn ▲$17.99Bn ▲$8.91Bn ▼$9.65Bn ▲
Corporate and Investment Banking
Corporate and Investment Banking
 $4.91Bn ▲$9.45Bn ▲$5.06Bn ▼$4.88Bn ▼
Wealth And Investment Management
Wealth And Investment Management
 $3.88Bn ▲$7.82Bn ▲$3.87Bn ▼$4.20Bn ▲
Wholesale Banking
Wholesale Banking
 $3.33Bn ▲$6.29Bn ▲$2.92Bn ▼$3.04Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Wells Fargo’s income statement shows a clear recovery and then renewed strength over the last five years. Revenue was fairly flat coming out of 2020 but has grown meaningfully more recently, helped by higher interest income and a more normal operating environment. Profitability has bounced back from the pandemic hit, with net income and per‑share earnings now at solid levels by large‑bank standards. That said, earnings have been somewhat choppy from year to year, reflecting credit cycles, legal and regulatory costs, and the inherently cyclical nature of banking.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, mature bank with relatively stable total assets over time. Equity levels have been steady, suggesting a consistent capital base to absorb shocks, while overall leverage looks typical for a major diversified bank rather than extreme. Cash and wholesale debt have moved around but without drastic swings, indicating active but controlled balance sheet management. Overall, the structure points to a systemically important institution with significant resources but also subject to the usual regulatory scrutiny that comes with that scale.

Cash Flow

Cash Flow Reported cash flows move around quite a bit from year to year, which is common for banks because changes in loans and deposits can drive large swings in operating cash flow. Despite this volatility, cash generation has generally been positive over the period, and there is effectively no traditional capital spending because lending and securities purchases play that role for a bank. In practical terms, underlying earnings and capital ratios matter more here than the raw cash flow line items, and those look reasonably healthy. Still, the jump and then drop in reported operating cash flow underline that cash metrics for banks can be noisy and need careful interpretation.

Competitive Edge

Competitive Edge Wells Fargo retains a strong competitive position built on a large, low‑cost deposit base, a nationwide branch and ATM network, and deep relationships with consumers, small businesses, and larger corporate clients. Its scale and diversified business mix across consumer, commercial, and wealth management give it cost advantages and multiple revenue streams. Customers often use several of its products at once, which makes switching to competitors inconvenient and helps keep relationships sticky. Offsetting these strengths, the bank still faces reputational and regulatory overhang from past misconduct issues, plus intense competition from other megabanks and digital‑first players, which can pressure growth and pricing power.

Innovation and R&D

Innovation and R&D While it does not run R&D in the classic industrial sense, Wells Fargo is investing heavily in technology and digital capabilities. The bank’s AI‑driven virtual assistant, use of machine learning for credit and fraud decisions, and API connections for commercial clients all point to a push toward more automated, data‑driven, and integrated banking services. It is also leaning into sustainable finance and specialized offerings in wealth management, such as access to alternative investments through unified account structures. The opportunity is to modernize customer experiences and improve efficiency, but execution, regulatory expectations, and competition from more nimble fintechs remain key uncertainties.

Summary

Putting it all together, Wells Fargo today looks like a large, profitable, and relatively stable bank that has largely worked its way out of the earnings trough seen around 2020. Revenues and profits have improved, the capital base appears solid, and the balance sheet is sizable but not out of line with peers. The bank’s long‑standing advantages—scale, low‑cost deposits, and broad product reach—remain intact, and it is actively investing in digital tools, AI, and sustainable finance to stay relevant. At the same time, investors and stakeholders should be mindful of the typical banking risks (credit cycles, interest‑rate swings) as well as Wells Fargo‑specific issues such as regulatory constraints, reputational repair, and the need to deliver on its technology and efficiency agenda without missteps.