WFC Stock - Wells Fargo & Company
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $125.40B | $115.34B | $83.44B | $83.08B | $82.23B |
| Gross Profit | $77.96B | $77.20B | $72.83B | $83.32B | $60.13B |
| Gross Margin | 62.2% | 66.9% | 87.3% | 100.3% | 73.1% |
| Operating Income | $23.36B | $21.64B | $15.63B | $29.56B | $2.50B |
| Net Income | $19.72B | $19.14B | $13.68B | $22.11B | $3.38B |
| Net Margin | 15.7% | 16.6% | 16.4% | 26.6% | 4.1% |
| EPS | $5.43 | $4.88 | $3.17 | $4.99 | $0.42 |
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 29th 2025 | Morgan Stanley | Downgrade | Equal Weight | $90 |
| July 7th 2025 | Raymond James | Downgrade | Market Perform | - |
| May 15th 2025 | TD Cowen | Initiation | Hold | $83 |
| April 8th 2025 | Piper Sandler | Upgrade | Overweight | $77 |
| March 13th 2025 | RBC Capital Mkts | Upgrade | Outperform | $80 |
| October 8th 2024 | Wolfe Research | Upgrade | Outperform | $65 |
| September 6th 2024 | Evercore ISI | Reiterated | Outperform | $65← $67 |
| September 3rd 2024 | Deutsche Bank | Upgrade | Buy | $65 |
| April 9th 2024 | Compass Point | Downgrade | Neutral | $64 |
| March 27th 2024 | Keefe Bruyette | Downgrade | Market Perform | $62← $56 |
| January 18th 2024 | Odeon | Downgrade | Hold | - |
| January 9th 2024 | Deutsche Bank | Downgrade | Hold | $51 |
| January 8th 2024 | Robert W. Baird | Downgrade | Neutral | $55 |
| December 14th 2023 | Odeon | Upgrade | Buy | - |
| September 7th 2023 | HSBC Securities | Initiation | Hold | $45 |
Earnings History & Surprises
WFCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 9, 2026 | — | — | — | — |
Q1 2026 | Jan 21, 2026 | $1.66 | — | — | — |
Q4 2025 | Oct 14, 2025 | $1.55 | $1.73 | +11.6% | ✓ BEAT |
Q3 2025 | Jul 15, 2025 | $1.41 | $1.54 | +9.2% | ✓ BEAT |
Q2 2025 | Apr 11, 2025 | $1.23 | $1.27 | +3.3% | ✓ BEAT |
Q1 2025 | Jan 15, 2025 | $1.32 | $1.42 | +7.6% | ✓ BEAT |
Q4 2024 | Oct 11, 2024 | $1.28 | $1.52 | +18.8% | ✓ BEAT |
Q3 2024 | Jul 12, 2024 | $1.29 | $1.33 | +3.1% | ✓ BEAT |
Q2 2024 | Apr 12, 2024 | $1.11 | $1.26 | +13.5% | ✓ BEAT |
Q1 2024 | Jan 12, 2024 | $1.16 | $1.29 | +11.2% | ✓ BEAT |
Q4 2023 | Oct 13, 2023 | $1.24 | $1.39 | +12.1% | ✓ BEAT |
Q3 2023 | Jul 14, 2023 | $1.16 | $1.25 | +7.8% | ✓ BEAT |
Q2 2023 | Apr 14, 2023 | $1.13 | $1.23 | +8.8% | ✓ BEAT |
Q1 2023 | Jan 13, 2023 | $0.66 | $0.61 | -7.6% | ✗ MISS |
Q4 2022 | Oct 14, 2022 | $1.09 | $1.30 | +19.3% | ✓ BEAT |
Q3 2022 | Jul 15, 2022 | $0.80 | $0.82 | +2.5% | ✓ BEAT |
Q2 2022 | Apr 14, 2022 | $0.80 | $0.88 | +10.0% | ✓ BEAT |
Q1 2022 | Jan 14, 2022 | $1.13 | $1.25 | +10.6% | ✓ BEAT |
Q4 2021 | Oct 14, 2021 | $0.99 | $1.22 | +23.2% | ✓ BEAT |
Q3 2021 | Jul 14, 2021 | $0.97 | $1.38 | +42.3% | ✓ BEAT |
Latest News
Truist Securities Maintains Buy on Wells Fargo, Raises Price Target to $100
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Wells Fargo, Raises Price Target to $101
📈 PositiveEvercore ISI Group Maintains Outperform on Wells Fargo, Raises Price Target to $107
📈 PositiveOffice Of The Comptroller Of The Currency Releases Preliminary Findings from Its Review of Large Banks' Debanking Activities
➖ NeutralLive On CNBC, Brian Belski Announces Bought More Wells Fargo & Co; Bought More JP Morgan Chase & Co.; Announces Sold Huntington Bancshares
📈 PositiveWells Fargo CEO Says We're Not As Efficient As We Should Be Without The Benefits Of AI; We Continue To Believe That We Can Find Increased Investment In Technology, Marketing, Bankers; AI Is Extremely Significant For Headcount; We Do Expect To Have Less People, Have More Severance In Q4; We Are Going To Buy Stock Back As We've Been Doing; Says Bought About $5B Back In Stock This Quarter; We Want To Consistently Grow The Dividend; We See No Pressure To Do Any Acquisitions
➖ NeutralWells Fargo CEO Says We Have Opportunities To Grow Profitability At Every One Of Our Businesses Except Our Home Lending Business; Feel Very Good About The Investment Bank; Our Goal Is To Be Top Five In Investment Banking; Commercial Loan Growth Has Picked Up A Little Bit, Not Significantly; Commercial Customers Are Being Careful, Cautious About Investments; Expect To See Some Level Of Increased Commercial Lending If Interest Rates Drop; We've Increased The Level Of Investment Significantly
➖ NeutralWells Fargo CEO Charlie Scharf Says Consumer Spending Continues To Be Extremely Strong; Says Commercial Clients Holding Back Hiring, Costs
📈 PositiveShares of banks and financial services stocks are trading higher after Fed Governor Waller called for a December rate cut.
📈 PositiveLive On CNBC, Stephanie Link Announces Trimmed Wells Fargo Position
📉 NegativeWells Fargo CEO Says It's Likely We'll Have Less Headcount As We Look Forward; Says Bank Has Scale To Grow Businesses; Future Is "Extremely Bright, With Or Without Something That's Inorganic"
📈 PositiveLive On CNBC Richard Saperstein Announces Bought Wells Fargo
📈 PositiveLive On CNBC Wells Fargo CEO Charlie Scharf Says Credit Will Deteriorate Over Time, We Just Don't See It Happening Yet
📉 Negative'Fed Floats Plan With Much Smaller Capital Hikes for Big Banks; Officials Have Calculated That Terms Of Fed's Plan Would Lead To An Increase Of About 3% And 7% In Aggregate For Most Big Banks; Fed Floats Plan With Much Smaller Capital Hikes Of Between About 3% And 7% For Big U.S. Banks' - Bloomberg News
➖ NeutralWells Fargo CEO Says I Would Probably Be In Favor Of Semi-annual Earnings Reporting
➖ NeutralWells Fargo CEO Says Conversations With Trump Administration Are Focused On Economic Growth, Not Deregulation
📈 PositiveWells Fargo CEO Says I Don't See Private Credit As A Major Systemic Issue
➖ NeutralWells Fargo CEO Says Businesses Are Performing Well, Credit Is Strong; Says We Don't See Cracks In Credit In The Banking System; Says We Dont See Things Getting Worse Yet
📈 PositiveWells Fargo CEO Charlie Scharf Says We See Strength Almost Across The Board In All Of Our Businesses; Says Consumer Spending Is Up In Debit And Credit; Says Environment Is Almost Perfect For Consumer
📈 PositiveWells Fargo shares are trading higher after multiple firms raised their respective price targets on the stock.
📈 PositiveFrequently Asked Questions about WFC
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