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WFC-PY

Wells Fargo & Company

WFC-PY

Wells Fargo & Company • NYSE
$23.97 ▼ -0.20% (-0.05)
Market Cap $195.72 B
52w High $25.08
52w Low $21.92
Dividend Yield 1.41%
P/E 4.96
Volume 117.20K
Outstanding Shares 8.17B

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 income statement over the past several years shows a clear recovery and then renewed strength. Revenue has pushed higher, especially in the most recent years, and profits have grown faster than sales, suggesting improving efficiency and better pricing or mix. After a very weak year earlier in the decade, earnings bounced back strongly and have stayed healthy, with management converting a good portion of revenue into bottom‑line profit. Overall, the trend is one of a large bank that has moved from a repair phase into a more stable, solidly profitable phase, though results will still be sensitive to interest rates, credit quality, and the broader economy.

Balance Sheet

Balance Sheet The balance sheet looks like that of a mature, system‑critical bank: very large, broadly stable in size, and not swinging wildly year to year. Cash and liquid assets remain substantial, giving the firm flexibility to handle funding needs and market stress. Debt levels are meaningful but not excessive for an institution of this scale, and shareholders’ equity has stayed relatively steady, which suggests the bank has not been aggressively levering up. In simple terms, the balance sheet appears robust and fairly consistent, with no obvious signs of overextension, but it remains exposed to the usual banking risks around loan quality and regulatory capital requirements.

Cash Flow

Cash Flow Reported cash flow has been quite volatile, which is common for large banks because loan movements and deposits can cause big swings. There was a year of negative operating cash flow earlier in the period, followed by a sharp rebound to strong positive cash generation more recently. The data also indicate modest capital spending relative to the size of the business, reflecting that this is not a factory‑heavy company but a financial platform. In practical terms, Wells Fargo seems capable of producing substantial cash in normal conditions, but its cash flows can be lumpy from year to year and tightly linked to credit cycles and interest‑rate dynamics.

Competitive Edge

Competitive Edge Wells Fargo holds a powerful competitive position built over many decades. Its advantages come from low‑cost deposit funding, customers who are slow to switch banks, and a very large branch and digital footprint that is hard for smaller rivals to match. Its scale allows it to spread technology, compliance, and marketing costs over a huge base of customers and assets. The bank also serves a broad range of clients—from everyday consumers to large corporations and wealthy individuals—which diversifies its revenue sources. While past regulatory and reputational issues remain a consideration, the underlying franchise continues to resemble a “wide moat” institution with durable, hard‑to‑replicate strengths.

Innovation and R&D

Innovation and R&D Although banks do not disclose “R&D” the way tech firms do, Wells Fargo is clearly investing heavily in digital innovation. The bank is rolling out AI‑driven tools like the Fargo virtual assistant for retail customers and the Vantage platform for corporate clients, aiming to make services more personalized and efficient. It is also experimenting with explainable AI for credit decisions, a multi‑cloud technology strategy, and an innovation hub in Silicon Valley that tests emerging tools such as AI‑enabled document analysis. These efforts suggest a deliberate push to modernize the customer experience, streamline operations, and keep pace with or surpass other large banks on the technology front.

Summary

Overall, Wells Fargo today looks like a large, established bank that has moved past its weakest earnings period and is now delivering stronger, more consistent profitability on a stable balance sheet. Its long‑standing cost and scale advantages, combined with a sticky customer base and broad product lineup, support a durable competitive position. At the same time, the firm is leaning into AI and digital transformation to refresh its franchise and protect its moat. Key uncertainties remain typical for big banks: sensitivity to credit cycles, interest‑rate shifts, regulatory scrutiny, and the execution risk of large technology programs. But taken together, the financials and strategic initiatives portray a bank that is both financially solid and actively modernizing for the next phase of industry evolution.