Logo

WFC-PL

Wells Fargo & Company

WFC-PL

Wells Fargo & Company • NYSE
$1220.01 ▼ -0.78% (-9.58)
Market Cap $249.25 B
52w High $1271.52
52w Low $1133.00
Dividend Yield 75.00%
P/E 252.49
Volume 10.98K
Outstanding Shares 204.30M

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 climbed steadily, and profits have recovered sharply from the weak pandemic period, with healthier margins and more consistent bottom‑line results. The bank appears to be managing costs better, generating more profit from each dollar of revenue, and delivering more stable earnings per share, which supports the reliability of its capital structure over time. The main risk is that bank earnings remain sensitive to credit cycles, interest rates, and regulation, so today’s stronger profitability could still fluctuate with the broader economy.

Balance Sheet

Balance Sheet The balance sheet looks large, diversified, and relatively stable from year to year. Total assets have stayed at a high level, funded by a mix of deposits, debt, and a solid equity base. Cash and liquid resources move around as markets and interest rates change, but remain substantial, giving the bank flexibility to handle stress and support lending. Debt is meaningful but moderate relative to the overall size of the firm, and equity has been steady, which suggests a well‑capitalized institution, subject to the usual uncertainties of banking risks and regulatory capital demands.

Cash Flow

Cash Flow Operating cash flow has been positive in most recent years but can swing meaningfully, which is normal for a large bank as balance‑sheet movements and interest‑rate shifts flow through the cash statement. Outside of an earlier period with negative operating cash, recent years show solid cash generation, more than covering the bank’s fairly light capital spending needs. Since banks don’t invest heavily in physical assets, the focus is really on the consistency of cash from core operations and prudent balance‑sheet management—areas where Wells Fargo appears to be on firmer footing than during the stress years, though volatility is still possible in tough economic conditions.

Competitive Edge

Competitive Edge Wells Fargo remains one of the largest U.S. banks, with a broad national footprint and a strong base of relatively sticky customer deposits. Its low‑cost funding from checking and savings accounts gives it an edge in earning interest spread versus many smaller rivals. The combination of a wide branch network, sizable digital channels, and a full suite of consumer, commercial, and wealth products provides scale benefits and high switching costs for customers. That said, the bank still contends with lingering reputational issues, intense competition from other big banks and fintechs, and tight regulatory oversight, all of which can limit how aggressively it grows.

Innovation and R&D

Innovation and R&D The bank is investing heavily in technology rather than traditional “lab” R&D. Its key pushes are in artificial intelligence, data analytics, and cloud infrastructure, with tools like the Fargo virtual assistant and the Vantage platform for corporate clients aiming to improve service and cut costs. It is also experimenting with biometrics, cardless access, and hybrid robo‑advice for investors. These efforts are designed to make Wells Fargo more digital, more efficient, and more personalized. The opportunity is a more competitive, stickier franchise; the risk is execution—integrating advanced tech into a heavily regulated, legacy banking system is complex and can take longer than planned.

Summary

Overall, Wells Fargo today looks like a large, systemically important bank that has moved from recovery to rebuilding strength. Profitability has improved, capital levels and liquidity appear solid, and the firm benefits from scale, low‑cost deposits, and a wide product set. At the same time, it operates in a cyclical, highly regulated industry where earnings and cash flows can be hit by credit downturns, rate swings, or regulatory actions. Its ongoing investments in AI and digital platforms may reinforce its competitive position if executed well. For holders of instruments tied to Wells Fargo’s health, the key watchpoints are credit quality, regulatory developments, and continued delivery on its technology and customer‑focused transformation.