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WFC-PD

Wells Fargo & Company

WFC-PD

Wells Fargo & Company • NYSE
$17.13 ▼ -0.89% (-0.15)
Market Cap $55.70 B
52w High $19.10
52w Low $16.38
Dividend Yield 1.06%
P/E 3.55
Volume 232.00K
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 Q2-2024Q3-2024Q4-2024Q1-2025
Community Banking
Community Banking
 $9.01Bn ▲$9.12Bn ▲$17.99Bn ▲$8.91Bn ▼
Corporate and Investment Banking
Corporate and Investment Banking
 $4.84Bn ▲$4.91Bn ▲$9.45Bn ▲$5.06Bn ▼
Wealth And Investment Management
Wealth And Investment Management
 $3.86Bn ▲$3.88Bn ▲$7.82Bn ▲$3.87Bn ▼
Wholesale Banking
Wholesale Banking
 $3.12Bn ▲$3.33Bn ▲$6.29Bn ▲$2.92Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Wells Fargo’s earnings profile has strengthened meaningfully over the last several years. Revenue has grown from a post‑pandemic lull and is now well above earlier levels, helped by higher interest income and a more normal credit environment. Profitability has improved even faster than revenue, as costs have been brought under better control and credit losses have normalized, so a larger share of revenue is dropping to the bottom line. Overall, the bank looks to be in a much healthier earnings phase than it was a few years ago, which supports the stability of obligations like preferred shares such as WFC‑PD, though results will still be sensitive to interest rates and the economic cycle.

Balance Sheet

Balance Sheet The balance sheet is very large and has stayed broadly stable in size over the last five years, which is typical for a mature, diversified bank. Cash and liquid assets remain substantial, providing flexibility and a cushion in times of stress. Debt levels are meaningful but appear manageable relative to the bank’s size and capital, and shareholder equity has been fairly steady, indicating no major erosion of the capital base. For a preferred security such as WFC‑PD, the key takeaway is that the overall financial foundation looks solid, with a sizeable equity layer and diversified assets sitting beneath the preferred capital structure.

Cash Flow

Cash Flow Cash flow has been somewhat volatile from year to year, which is normal for a large bank because customer deposits, loan demand, and trading activities can move quickly. After a period of weaker or negative operating cash flow earlier in the period, the bank has recently generated strong positive cash inflows from its core operations. Reported capital spending is minimal in the traditional sense, since most investment is in technology, people, and regulatory compliance rather than factories or equipment. The recent pattern suggests the bank has been able to convert improved earnings into real cash, but investors should remember that bank cash flows can swing with economic and interest‑rate shifts.

Competitive Edge

Competitive Edge Wells Fargo remains one of the largest and most diversified banks in the United States, with a wide range of services across consumer, small business, corporate, and wealth segments. Its extensive branch and ATM network, along with a large base of relatively low‑cost deposits, gives it a funding advantage over many smaller competitors and some non‑bank players. Customer relationships in banking tend to be sticky, and despite past reputational and regulatory issues, a significant portion of its customer base has remained, supporting stable, recurring business. However, the bank still operates under heightened regulatory scrutiny and intense competition from both big-bank peers and fast‑moving fintechs, which can affect growth and profitability over time.

Innovation and R&D

Innovation and R&D Wells Fargo is putting considerable emphasis on digital transformation and artificial intelligence to modernize the franchise and defend its moat. The “Fargo” virtual assistant and richer mobile‑banking features aim to improve customer experience, reduce friction, and lower servicing costs, while tools like cardless ATMs and robo‑advisory services broaden its digital appeal. Behind the scenes, the bank is migrating workloads to the cloud and using data science and AI to refine risk management, marketing, and operations, which could enhance efficiency if executed well. Its dedicated innovation teams and partnerships in areas like open banking, big data, and potentially blockchain show a willingness to experiment, but these bets also carry execution and cybersecurity risks that need careful management.

Summary

Overall, Wells Fargo today looks like a large, more profitable bank that has moved past its weakest earnings years and is focusing on efficiency and technology-led growth. The balance sheet appears stable and well capitalized relative to its size, with substantial liquidity and a manageable debt load, which is important context for any preferred issue such as WFC‑PD. Cash generation has improved alongside earnings, though, as with any bank, it can be influenced quickly by interest‑rate moves and changes in customer behavior. Competitively, the firm benefits from scale, a broad product set, and a low‑cost deposit base, while working to repair its brand and upgrade its systems after prior missteps. Its heavy push into AI and digital banking could strengthen its long‑term position if successfully executed, but it also introduces new technology, regulatory, and operational risks that should be kept in view.