Wells Fargo & Company
Description
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company 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, such as 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 to corporate, commercial real estate, government, and institutional clients. 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 in brokerage and wealth offices, consumer bank branches, independent offices, and digitally through WellsTrade and Intuitive Investor. The company was founded in 1852 and is headquartered in San Francisco, California.
About
CEO
Mr. Charles W. Scharf
Employees
220,167
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Diversified
MIC code
XNYS
Address
420 Montgomery Street, San Francisco, CA 94104, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 15, 2026 | — | — | — | — |
| Oct 15, 2025 | — | — | — | — |
| Jul 15, 2025 | — | — | — | — |
| Apr 11, 2025 | — | — | — | — |
| Jan 15, 2025 | 1.35 | 1.58 | 0.23 | 17.04% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 15 | 16 | 19 | 19 |
| Average estimate | 1.24 | 1.47 | 5.83 | 6.88 |
| Low estimate | 1.10 | 1.32 | 5.32 | 6.10 |
| High estimate | 1.35 | 1.58 | 6.10 | 7.85 |
| Last year EPS | 1.20 | 1.33 | 5.37 | 5.83 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-3.310%
Next qtr. (Jun 2025)
6.900%
Current year (Dec 2025)
3.680%
Next year (Dec 2026)
17.870%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 82.60B | 74.37B | 79.17B | 74.26B | 86.83B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 36.64B | 34.85B | 36.14B | 35.41B | 36.20B |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 21.64B | 15.63B | 29.56B | 2.51B | 25.97B |
| Tax provision | 2.61B | 2.25B | 5.76B | -1.16B | 5.76B |
| Net income | 19.03B | 13.38B | 23.80B | 3.66B | 20.21B |
| Basic EPS | 4.88 | 3.30 | 5.13 | 0.43 | 4.12 |
| Diluted EPS | 4.83 | 3.27 | 5.08 | 0.43 | 4.09 |
| Basic average shares | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B |
| Diluted average shares | 3.69B | 3.81B | 4.06B | 4.12B | 4.39B |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 19.03B | 13.38B | 23.80B | 3.66B | 20.21B |
| Minority interests | 113.00M | 299.00M | -1.69B | -285.00M | -491.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 33.03B | 34.60B | 24.62B | 28.24B | 21.76B |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 237.22B | 159.16B | 234.23B | 264.61B | 141.25B |
| Other short term investments | 125.53B | 113.59B | 177.24B | 220.39B | 263.46B |
| Accounts receivable | 34.47B | 27.12B | 22.78B | 40.95B | 32.24B |
| Other receivables | 19.25B | 17.25B | 16.52B | 17.87B | 22.32B |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 18.24B | 17.98B | 18.56B | 11.73B | 12.98B |
| Land and improvements | — | — | 1.76B | 1.81B | 1.86B |
| Machinery furniture equipment | — | — | 7.42B | 7.45B | 7.19B |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | 2.60B | 2.60B | 2.60B |
| Accumulated depreciation | — | — | -12.68B | -12.50B | -11.87B |
| Goodwill | 58.86B | 60.83B | 58.76B | 60.55B | 66.15B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 8.51B | 10.48B | 8.40B | 7.77B | 13.37B |
| Investments and advances | 480.20B | 534.29B | 597.11B | 561.22B | 565.37B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | 69.06B | 70.96B | 74.36B | 75.16B |
| Short term debt | 11.88B | 20.52B | 13.22B | 12.64B | 12.11B |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 207.59B | 174.87B | 160.69B | 212.95B | 228.19B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 2.79B | 4.69B | — |
| Derivative product liabilities | 18.50B | 20.07B | 9.42B | 16.51B | 9.08B |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 9.14B | 9.14B | 9.14B | 9.14B | 9.14B |
| Retained earnings | 201.14B | 187.97B | 180.32B | 162.68B | 166.70B |
| Other shareholders equity | -11.58B | -13.36B | -1.70B | 194.00M | -1.31B |
| Total shareholders equity | 187.44B | 182.21B | 190.11B | 185.71B | 187.98B |
| Additional paid in capital | 60.56B | 60.32B | 60.20B | 60.20B | 61.05B |
| Treasury stock | 92.96B | 82.85B | 79.76B | 67.79B | 68.83B |
| Minority interest | 1.71B | 1.99B | 2.50B | 1.03B | 838.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 19.03B | 13.38B | 23.80B | 3.66B | 20.21B | 22.88B | 22.46B | 22.05B | 23.28B | 23.61B | 22.22B | 19.37B | 16.21B | 12.66B | 12.67B | 2.70B | 8.27B | 8.42B | 7.67B | 7.01B | 6.20B | 5.43B | 3.42B | 4.03B | 4.01B | 1.95B | 2.50B | 2.23B | 956.00M | 800.40M | 653.60M | 518.40M | 398.50M | 280.60M | 237.00M |
| Depreciation | 6.27B | 6.83B | 7.89B | 8.22B | 6.57B | 5.59B | 5.41B | 4.97B | 3.29B | 2.52B | 3.29B | 2.81B | 2.21B | 1.92B | 2.84B | 1.67B | 1.53B | 3.22B | 4.16B | 3.45B | 4.31B | 4.30B | 3.86B | 1.79B | 1.97B | 2.17B | 1.73B | 1.46B | 311.80M | 232.20M | 194.80M | 310.70M | 149.10M | 94.70M | 59.20M |
| Deferred Taxes | -50.00M | 1.24B | -1.11B | -3.29B | -3.19B | — | — | — | — | — | — | — | — | — | — | -1.64B | -31.00M | 593.00M | 813.00M | 432.00M | 1.70B | 305.00M | -596.00M | 873.00M | 1.61B | -129.00M | 173.00M | 467.00M | -70.40M | 312.70M | 4.50M | -86.00M | 28.10M | -16.20M | -33.40M |
| Stock-Based Compensation | — | — | — | 1.77B | 2.27B | 2.26B | 2.05B | 1.95B | 1.96B | 1.91B | 1.92B | 1.70B | 1.49B | 1.23B | 351.00M | 628.00M | 547.00M | 489.00M | 307.00M | 265.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 3.58B | -24.02B | -69.82B | -52.35B | -48.39B | -42.33B | -47.80B | -84.16B | -51.59B | -31.42B | -14.72B | -64.48B | -43.20B | -29.10B | -30.99B | -23.70B | -4.50B | 5.50B | -25.61B | -4.77B | 26.00B | -17.98B | -18.69B | 3.97B | 8.60B | -8.00B | -1.97B | 42.00M | -2.43B | 3.96B | -1.18B | -20.86B | -843.10M | -431.40M | -561.90M |
| Accounts Receivable | — | — | — | — | — | — | — | — | -623.00M | -372.00M | -13.00M | 293.00M | -401.00M | 1.05B | -293.00M | -2.68B | -407.00M | -291.00M | -796.00M | -196.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | 160.00M | 119.00M | -32.00M | -84.00M | -362.00M | -268.00M | -1.03B | 1.63B | -87.00M | 455.00M | 311.00M | 47.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 666.00M | 30.27B | 32.33B | 25.42B | 22.44B | 44.37B | 27.27B | 51.17B | 40.24B | 9.02B | 48.33B | 107.50B | 23.62B | 9.37B | 22.40B | -29.31B | -3.39B | 5.27B | -1.91B | -81.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 29.49B | 27.70B | -6.91B | -16.57B | -97.00M | 32.77B | 9.38B | -4.03B | 16.71B | 5.38B | 61.00B | 67.11B | -433.00M | -3.13B | 5.95B | -50.70B | 1.93B | 23.66B | -15.05B | 6.16B | 38.20B | -7.94B | -11.99B | 10.66B | 16.20B | -4.01B | 2.44B | 4.20B | -1.23B | 5.31B | -325.60M | -20.12B | -267.40M | -72.30M | -299.10M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.44B | 3.76B | — | — | — | — | — | — | — | — | — | -95.00M | -286.00M | -67.00M | -288.70M | -208.00M | -266.00M | -211.30M | -174.40M | -78.10M | -92.00M | -85.10M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | -10.00M | -320.00M | -30.58B | -3.00M | -174.00M | — | -4.32B | -353.00M | -36.00M | -138.00M | 11.20B | -2.81B | -626.00M | 66.00M | -331.00M | -822.00M | -588.00M | -459.00M | 469.00M | -69.00M | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -36.09B | -49.45B | -189.36B | -146.98B | -72.53B | -66.50B | -107.39B | -149.95B | -107.55B | -94.91B | -98.53B | -67.38B | -123.89B | -53.47B | -95.29B | -105.34B | -75.13B | -62.46B | -28.63B | -16.58B | -25.13B | -7.74B | -29.99B | -19.77B | -29.92B | -25.12B | -13.14B | -10.10B | -6.86B | -9.14B | -71.90M | -6.18B | -9.52B | -3.01B | -4.26B |
| Sale of Investments | 50.14B | 68.68B | 178.11B | 175.64B | 75.76B | 61.22B | 103.88B | 83.62B | 68.13B | 51.68B | 56.18B | 67.20B | 78.10B | 56.59B | 91.85B | 85.12B | 56.50B | 60.63B | 26.03B | 15.15B | 20.99B | 21.55B | 26.32B | 30.00B | 23.93B | 21.43B | 17.21B | 15.14B | 10.91B | 7.70B | 348.60M | 4.68B | 7.01B | 3.40B | 3.76B |
| Investing Cash Flow | 14.44B | 20.04B | -7.47B | 29.45B | 7.36B | -2.48B | 337.00M | -90.11B | -33.85B | -36.60B | -30.34B | 7.14B | -32.73B | 16.71B | 7.49B | -12.74B | -23.38B | -8.09B | -7.36B | -3.26B | -62.98B | -11.48B | -18.75B | -22.57B | -24.02B | -8.00B | 4.12B | 10.43B | 531.80M | -4.68B | 315.60M | -6.11B | -1.45B | -408.00M | -2.24B |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 49.07B | 53.74B | 1.28B | 38.14B | 53.38B | 47.60B | 43.58B | 90.11B | 43.03B | 42.15B | 53.23B | 27.70B | 11.69B | 3.49B | 8.40B | 35.70B | 29.36B | 20.26B | 26.47B | 29.39B | 30.19B | 22.16B | 16.16B | 15.54B | 13.33B | 7.97B | 4.00B | 6.40B | 7.33B | 3.51B | 4.30B | 1.56B | 1.28B | 262.50M | 659.60M |
| Long-Term Debt Payments | -22.89B | -19.59B | -47.13B | -65.35B | -61.00B | -40.57B | -80.80B | -34.46B | -27.33B | -15.83B | -25.42B | -28.09B | -50.56B | -63.32B | -66.26B | -29.86B | -18.25B | -12.61B | -18.58B | -19.64B | -17.93B | -10.90B | -10.63B | -9.85B | -8.98B | -5.64B | -5.39B | -6.29B | -3.27B | -1.27B | -2.01B | -664.20M | -668.80M | -248.80M | -371.40M |
| Other Financing Charges | -509.00M | -539.00M | -361.00M | -231.00M | -711.00M | -1.04B | -496.00M | -789.00M | -878.00M | -48.00M | 111.00M | -385.00M | -252.00M | -494.00M | -5.04B | 68.00M | -532.00M | 41.00M | -1.67B | -13.00M | 651.00M | 32.00M | 16.00M | -468.00M | -34.00M | 1.45B | -1.06B | 1.66B | — | 3.00M | 3.20M | 3.00M | -26.90M | 9.50M | -40.10M |
| Financing Cash Flow | 46.31B | 38.85B | -89.82B | -83.00B | -45.27B | -22.95B | -40.83B | 40.02B | 36.00B | 21.37B | 17.57B | 1.01B | -47.35B | -49.51B | -139.55B | 21.93B | 40.91B | -7.31B | 2.94B | 2.98B | 1.48B | 4.19B | 12.62B | 130.00M | 14.79B | 5.18B | -584.00M | -1.10B | 2.59B | 3.71B | -855.70M | 3.50B | 92.30M | 386.60M | 1.02B |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 236.05B | 159.16B | 234.23B | 264.61B | 141.25B | 173.29B | 215.95B | 221.40B | 19.11B | 19.57B | 19.92B | 21.86B | 19.44B | 16.04B | 27.08B | 23.76B | 14.76B | 15.03B | 15.40B | 12.90B | 15.55B | 17.82B | 16.97B | 16.98B | 14.12B | 12.73B | 13.08B | — | — | — | — | — | — | — | — |
| Income Tax Paid | — | 3.38B | 3.17B | 1.18B | 7.49B | 1.98B | 6.59B | 8.45B | 13.69B | 8.81B | 7.13B | 8.02B | 4.88B | 1.19B | 3.04B | 2.55B | 3.72B | 3.08B | 3.58B | 326.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 30.43B | 8.29B | 4.38B | 8.41B | 18.83B | 14.37B | 9.10B | 5.57B | 3.82B | 3.91B | 4.32B | 5.25B | 7.01B | 8.31B | 10.98B | 8.12B | 14.29B | 11.83B | 7.77B | 3.86B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 40.36B | 27.05B | -11.53B | 2.05B | 6.73B | 36.07B | 18.62B | 1.01B | 15.90B | 17.53B | 57.64B | 58.54B | 13.67B | 18.77B | 28.61B | -4.79B | 9.29B | 27.98B | -11.99B | 6.49B | 31.20B | -15.46B | -10.11B | 7.37B | 16.28B | -4.48B | 2.41B | 4.15B | -3.75B | 2.64B | 178.10M | 1.97B | -323.00M | -369.10M | -407.20M |
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