Wells Fargo & Company (WFC) Financials

$63.17 +0.66 (+1.06%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for Wells Fargo & Company

This table shows Wells Fargo & Company's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	21,470	20,373	20,554	20,689	18,103	1,786	20,818	12,562	17,982	18,606
Consolidated Net Income / (Loss)	22,894	21,938	22,460	22,876	20,206	3,377	22,109	13,677	19,142	19,722
Net Income / (Loss) Continuing Operations	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965
Total Pre-Tax Income	33,641	32,120	27,377	28,538	25,967	2,505	29,563	15,629	21,636	23,364
Total Revenue	86,057	88,267	88,389	86,408	86,832	74,264	79,166	74,368	82,597	82,296
Net Interest Income / (Expense)	45,301	47,754	49,557	49,995	47,303	39,956	35,779	44,950	52,375	47,676
Total Interest Income	49,277	53,663	58,909	64,647	66,155	47,919	39,694	54,024	85,118	90,777
Loans and Leases Interest Income	37,379	40,327	42,224	44,891	45,110	35,177	29,499	38,228	57,518	58,386
Investment Securities Interest Income	8,937	11,879	13,745	15,398	15,917	11,788	9,861	12,488	16,790	18,719
Other Interest Income	990	1,457	2,940	4,358	5,128	954	334	3,308	10,810	13,672
Total Interest Expense	3,976	5,909	9,352	14,652	18,852	7,963	3,915	9,074	32,743	43,101
Deposits Interest Expense	963	1,395	3,013	5,622	8,635	2,804	388	2,349	16,503	24,282
Short-Term Borrowings Interest Expense	64	330	758	1,717	2,316	-	-41	582	3,848	5,311
Long-Term Debt Interest Expense	2,592	3,830	5,157	6,703	7,350	4,721	3,173	5,505	11,572	12,463
Other Interest Expense	357	354	424	610	551	438	395	638	820	1,045
Total Non-Interest Income	40,756	40,513	38,832	36,413	39,529	34,308	43,387	29,418	30,222	34,620
Other Service Charges	19,713	16,693	15,024	8,403	2,715	31,598	4,956	1,383	829	1,047
Net Realized & Unrealized Capital Gains on Investments	3,796	2,655	2,800	2,225	3,976	2,710	7,264	1,461	4,368	5,434
Other Non-Interest Income	1,085	5,654	5,464	25,785	32,838	-	31,167	26,574	25,025	28,139
Provision for Credit Losses	2,442	3,770	2,528	1,744	2,687	14,129	-4,155	1,534	5,399	4,334
Total Non-Interest Expense	49,974	52,377	58,484	56,126	58,178	57,630	53,758	57,205	55,562	54,598
Salaries and Employee Benefits	26,235	26,799	27,805	33,085	35,128	-	35,541	34,340	35,829	35,729
Net Occupancy & Equipment Expense	4,949	5,009	5,086	5,791	6,221	6,362	6,195	6,256	6,804	7,635
Marketing Expense	-	-	-	857	1,076	600	600	505	812	869
Other Operating Expenses	16,571	18,209	23,154	16,393	15,753	49,169	11,422	16,104	12,117	10,365
Income Tax Expense	10,365	10,075	4,917	5,662	5,761	-1,157	5,764	2,251	2,607	3,399
Other Adjustments to Consolidated Net Income / (Loss)	-382	-107	-	-	-	-285	-1,690	299	113	-243
Preferred Stock Dividends Declared	1,424	1,565	1,629	1,704	1,612	1,591	1,291	1,115	1,160	1,116
Basic Earnings per Share	$4.18	$4.03	$4.14	$4.31	$4.12	$0.43	$5.13	$3.30	$4.88	$5.43
Weighted Average Basic Shares Outstanding	5.14B	5.05B	4.96B	4.80B	4.39B	4.12B	4.06B	3.81B	3.69B	3.43B
Diluted Earnings per Share	$4.12	$3.99	$4.10	$4.28	$4.09	$0.43	$5.08	$3.27	$4.83	$5.37
Weighted Average Diluted Shares Outstanding	5.21B	5.11B	5.02B	4.84B	4.43B	4.13B	4.10B	3.84B	3.72B	3.47B
Weighted Average Basic & Diluted Shares Outstanding	5.14B	5.06B	4.96B	4.80B	4.10B	4.13B	3.81B	3.79B	3.58B	3.29B
Cash Dividends to Common per Share	$1.48	$1.52	$1.54	$1.64	$1.92	$1.22	$0.60	$1.10	$1.30	$1.50

This table shows Wells Fargo & Company's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	3,313	2,877	4,713	4,659	5,450	3,160	4,313	4,640	4,852	4,801
Consolidated Net Income / (Loss)	3,592	3,155	4,991	4,938	5,767	3,446	4,619	4,910	5,114	5,079
Net Income / (Loss) Continuing Operations	3,564	2,920	4,880	4,903	5,736	3,510	4,623	4,909	5,170	5,263
Total Pre-Tax Income	4,476	2,891	5,846	5,833	6,547	3,410	5,587	6,160	6,234	5,383
Total Revenue	19,566	20,034	20,729	20,533	20,857	20,478	20,863	20,689	20,366	20,378
Net Interest Income / (Expense)	12,098	13,433	13,336	13,163	13,105	12,771	12,227	11,923	11,690	11,836
Total Interest Income	14,494	17,793	19,356	20,830	22,093	22,839	22,840	22,884	22,998	22,055
Loans and Leases Interest Income	10,278	12,350	13,415	14,209	14,842	15,052	14,827	14,699	14,747	14,113
Investment Securities Interest Income	3,199	3,661	3,953	4,231	4,330	4,276	4,412	4,666	4,786	4,855
Other Interest Income	1,017	1,782	1,988	2,390	2,921	3,511	3,601	3,519	3,465	3,087
Total Interest Expense	2,396	4,360	6,020	7,667	8,988	10,068	10,613	10,961	11,308	10,219
Deposits Interest Expense	513	1,595	2,761	3,805	4,608	5,329	5,811	6,149	6,445	5,877
Short-Term Borrowings Interest Expense	158	-	570	961	1,133	1,184	1,218	1,377	1,435	1,281
Long-Term Debt Interest Expense	1,553	2,194	2,511	2,693	3,039	3,329	3,349	3,164	3,163	2,787
Other Interest Expense	172	178	178	208	208	226	235	271	265	274
Total Non-Interest Income	7,468	6,601	7,393	7,370	7,752	7,707	8,636	8,766	8,676	8,542
Other Service Charges	324	-6,939	232	202	193	202	230	243	280	294
Net Realized & Unrealized Capital Gains on Investments	872	-181	985	1,032	1,246	1,105	1,447	1,522	1,248	1,217
Other Non-Interest Income	6,272	-	6,176	6,136	6,313	6,400	6,959	7,001	7,148	7,031
Provision for Credit Losses	784	957	1,207	1,713	1,197	1,282	938	1,236	1,065	1,095
Total Non-Interest Expense	14,306	16,186	13,676	12,987	13,113	15,786	14,338	13,293	13,067	13,900
Salaries and Employee Benefits	8,212	-	9,415	8,606	8,627	9,181	9,492	8,575	8,591	9,071
Net Occupancy & Equipment Expense	1,530	1,624	1,635	1,654	1,699	1,816	1,767	1,869	1,928	2,071
Marketing Expense	126	178	154	184	215	259	197	224	205	243
Other Operating Expenses	4,438	-3,297	2,472	2,543	2,572	4,530	2,882	2,625	2,343	2,515
Income Tax Expense	912	-29	966	930	811	-100	964	1,251	1,064	120
Other Adjustments to Consolidated Net Income / (Loss)	28	235	111	35	31	-64	-4.00	1.00	-56	-184
Preferred Stock Dividends Declared	279	278	278	279	317	286	306	270	262	278
Basic Earnings per Share	$0.87	$0.76	$1.24	$1.26	$1.49	$0.89	$1.21	$1.35	$1.43	$1.44
Weighted Average Basic Shares Outstanding	3.80B	3.81B	3.79B	3.70B	3.65B	3.69B	3.56B	3.45B	3.38B	3.43B
Diluted Earnings per Share	$0.86	$0.75	$1.23	$1.25	$1.48	$0.87	$1.20	$1.33	$1.42	$1.42
Weighted Average Diluted Shares Outstanding	3.83B	3.84B	3.82B	3.72B	3.68B	3.72B	3.60B	3.49B	3.43B	3.47B
Weighted Average Basic & Diluted Shares Outstanding	3.81B	3.79B	3.75B	1.82B	3.63B	3.58B	3.49B	3.40B	3.33B	3.29B

This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-460	-18,120	-5,453	-42,660	-32,037	123,362	-30,382	-75,073	76,895	-34,150
Net Cash From Operating Activities	15,904	1,008	18,619	36,073	6,730	2,051	-11,525	27,048	40,358	3,035
Net Cash From Continuing Operating Activities	15,904	1,008	18,619	36,073	6,730	2,051	-11,525	27,048	40,358	3,035
Net Income / (Loss) Continuing Operations	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965
Consolidated Net Income / (Loss)	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965
Provision For Loan Losses	2,442	3,770	2,528	-	2,687	14,129	-4,155	1,534	5,399	4,334
Depreciation Expense	3,288	4,970	5,406	5,593	6,573	8,219	7,890	6,832	6,271	7,558
Non-Cash Adjustments to Reconcile Net Income	-49,569	-82,074	-44,871	-37,873	-44,691	-48,024	-71,012	-25,342	4,428	-7,640
Changes in Operating Assets and Liabilities, net	36,467	52,297	33,096	45,477	21,955	24,065	31,953	30,646	5,231	-21,182
Net Cash From Investing Activities	-107,235	-141,919	-13,152	-7,754	-29,631	122,554	-7,619	-42,476	16,043	-15,651
Net Cash From Continuing Investing Activities	-107,235	-141,919	-13,152	-7,754	-29,631	122,554	-7,619	-42,476	16,043	-15,651
Purchase of Investment Securities	-178,336	-226,269	-112,122	-87,207	-94,129	-93,788	-214,772	-49,384	-37,333	-104,863
Sale and/or Maturity of Investments	85,381	100,996	119,833	81,107	87,793	184,999	209,956	81,124	54,414	97,571
Net Increase in Fed Funds Sold	-11,866	-15,747	-21,497	-1,184	-21,933	36,468	-551	-704	-12,729	-27,022
Other Investing Activities, net	-2,414	-899	634	-470	-1,362	-5,125	-2,252	-73,512	11,691	18,663
Net Cash From Financing Activities	90,871	122,791	-10,920	-70,979	-9,136	-1,243	-11,238	-59,645	20,494	-21,534
Net Cash From Continuing Financing Activities	90,871	122,791	-10,920	-70,979	-9,136	-1,243	-11,238	-59,645	20,494	-21,534
Net Change in Deposits	54,867	82,767	29,912	-48,034	36,137	81,755	78,582	-98,494	-25,812	13,631
Issuance of Debt	77,040	88,913	57,595	50,126	52,106	-7,377	-23,315	70,301	87,485	47,724
Issuance of Preferred Equity	2,972	2,101	677	0.00	0.00	3,116	5,756	0.00	1,722	1,997
Repayment of Debt	-27,333	-34,462	-80,802	-40,813	-60,996	-65,347	-47,134	-19,587	-22,886	-55,582
Repurchase of Preferred Equity	-	0.00	0.00	-2,150	-1,550	-3,602	-6,675	0.00	-1,725	-2,840
Repurchase of Common Equity	-8,697	-8,116	-9,908	-20,633	-24,533	-3,415	-14,464	-6,033	-11,851	-19,448
Payment of Dividends	-8,826	-9,038	-9,109	-9,314	-9,589	-6,142	-3,627	-5,293	-5,930	-6,232
Other Financing Activities, Net	-878	-789	-496	-793	-711	-231	-361	-539	-509	-784
Cash Interest Paid	3,816	5,573	9,103	14,366	18,834	8,414	4,384	8,289	30,431	43,619
Cash Income Taxes Paid	13,688	8,446	6,592	-135	7,493	1,175	3,166	3,376	-1,786	1,664

This table details how cash moves in and out of Wells Fargo & Company's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	10,315	-6,298	-2,726	-2,013	62,298	19,336	32,544	-37,816	-46,652	17,774
Net Cash From Operating Activities	12,016	7,245	7,406	-755	15,505	18,202	-12,125	2,050	4,206	8,904
Net Cash From Continuing Operating Activities	12,016	7,245	7,406	-755	15,505	18,202	-12,125	2,050	4,206	8,904
Net Income / (Loss) Continuing Operations	3,564	2,920	4,880	4,903	5,736	3,510	4,623	4,909	5,170	5,263
Consolidated Net Income / (Loss)	3,564	2,920	4,880	4,903	5,736	3,510	4,623	4,909	5,170	5,263
Provision For Loan Losses	784	957	1,207	1,713	1,197	1,282	938	1,236	1,065	1,095
Depreciation Expense	1,690	1,579	1,552	1,628	1,597	1,494	1,819	1,972	1,783	1,984
Non-Cash Adjustments to Reconcile Net Income	-9,936	-451	2,996	-2,250	-3,283	6,965	-3,233	-2,906	4,763	-6,264
Changes in Operating Assets and Liabilities, net	15,914	2,240	-3,229	-6,749	10,258	4,951	-16,272	-3,161	-8,575	6,826
Net Cash From Investing Activities	919	-15,926	-7,955	20,601	7,628	-4,231	21,095	-14,584	-21,098	-1,064
Net Cash From Continuing Investing Activities	919	-15,926	-7,955	20,601	7,628	-4,231	21,095	-14,584	-21,098	-1,064
Purchase of Investment Securities	-15,935	59,565	-24,125	4,369	-1,390	-16,187	-7,185	-19,786	-29,611	-48,281
Sale and/or Maturity of Investments	16,784	9,933	8,795	21,033	13,601	10,985	17,905	17,596	31,046	31,024
Net Increase in Fed Funds Sold	-294	-11,087	1,106	121	-3,931	-10,025	11,705	-13,360	-23,131	-2,236
Other Investing Activities, net	364	-74,337	6,269	-4,922	-652	10,996	-1,330	966	598	18,429
Net Cash From Financing Activities	-2,620	2,383	-2,177	-21,859	39,165	5,365	23,574	-25,282	-29,760	9,934
Net Cash From Continuing Financing Activities	-2,620	2,383	-2,177	-21,859	39,165	5,365	23,574	-25,282	-29,760	9,934
Net Change in Deposits	-26,998	-14,170	-21,356	-18,045	9,426	4,163	24,974	-17,253	-16,248	22,158
Issuance of Debt	31,019	20,410	30,019	8,715	36,895	11,856	34,047	15,924	-2,762	515
Repayment of Debt	-5,214	-2,395	-5,158	-7,054	-4,036	-6,638	-26,605	-14,335	-7,836	-6,806
Repurchase of Common Equity	-5.00	-6.00	-4,016	-4,005	-1,480	-2,350	-6,001	-6,012	-3,435	-4,000
Payment of Dividends	-1,355	-1,476	-1,357	-1,449	-1,514	-1,610	-1,474	-1,536	-1,590	-1,632
Other Financing Activities, Net	-67	20	-309	-21	-123	-56	-527	-70	114	-301
Cash Interest Paid	2,024	4,025	5,477	7,371	8,034	9,549	10,385	11,167	11,535	10,532
Cash Income Taxes Paid	46	-487	-827	-1,157	48	150	-1,855	1,434	527	1,558

This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,787,632	1,930,115	1,951,757	1,895,883	1,927,555	1,952,911	1,948,068	1,881,020	1,932,468	1,929,845
Cash and Due from Banks	19,111	20,729	23,367	23,551	21,757	28,236	24,616	34,596	33,026	37,080
Federal Funds Sold	270,130	266,038	80,025	80,207	102,140	65,672	66,223	68,036	80,456	105,330
Interest Bearing Deposits at Other Banks	-	-	192,580	149,736	119,493	236,376	209,614	124,561	204,193	166,281
Trading Account Securities	430,026	496,842	548,091	567,774	499,836	417,725	383,490	294,041	308,245	371,099
Loans and Leases, Net of Allowance	905,014	956,185	945,766	943,335	1,056,766	869,121	-12,490	942,886	922,076	898,562
Loans and Leases	916,559	967,604	956,770	953,110	1,066,317	887,637	-	955,871	936,682	912,745
Allowance for Loan and Lease Losses	11,545	11,419	11,004	9,775	9,551	18,516	-	12,985	14,606	14,183
Premises and Equipment, Net	8,704	8,333	8,847	8,920	9,309	8,895	8,571	8,350	9,266	10,297
Goodwill	25,529	26,693	26,587	26,418	26,390	26,392	25,180	25,173	25,175	25,167
Other Assets	109,236	128,906	105,293	95,942	91,864	300,494	1,230,374	383,377	350,031	316,029
Total Liabilities & Shareholders' Equity	1,787,632	1,930,115	1,951,757	1,895,883	1,927,555	1,952,911	1,948,068	1,881,020	1,932,468	1,929,845
Total Liabilities	1,593,741	1,729,618	1,743,678	1,698,817	1,739,571	1,767,199	1,757,958	1,698,807	1,745,025	1,748,779
Non-Interest Bearing Deposits	351,579	375,967	373,722	349,534	344,496	467,068	527,748	458,010	360,279	383,616
Interest Bearing Deposits	871,733	930,112	962,269	936,636	978,130	937,313	954,731	925,975	997,894	988,188
Short-Term Debt	97,528	96,781	103,256	114,286	104,512	58,999	34,409	51,145	89,559	108,806
Long-Term Debt	199,536	255,077	225,020	229,044	228,191	212,950	160,689	174,870	207,588	173,078
Other Long-Term Liabilities	73,365	71,681	79,411	-	84,242	90,869	80,381	88,807	89,705	95,091
Total Equity & Noncontrolling Interests	193,891	200,497	208,079	197,066	187,984	185,712	190,110	182,213	187,443	181,066
Total Preferred & Common Equity	192,998	199,581	206,936	196,166	187,146	184,680	187,606	180,227	185,735	179,120
Preferred Stock	22,214	24,551	25,358	23,214	21,549	21,136	20,057	19,448	19,448	18,608
Total Common Equity	170,784	175,030	181,578	172,952	165,597	163,544	167,549	160,779	166,287	160,512
Common Stock	69,850	69,370	70,029	69,821	70,185	69,333	69,332	69,455	69,691	69,953
Retained Earnings	120,866	133,075	145,263	158,163	166,697	162,683	180,322	187,968	201,136	214,198
Treasury Stock	-18,867	-22,713	-29,892	-47,194	-68,831	-67,791	-79,757	-82,853	-92,960	-111,463
Accumulated Other Comprehensive Income / (Loss)	297	-3,137	-2,144	-6,336	-1,311	194	-1,702	-13,362	-11,580	-12,176
Noncontrolling Interest	893	916	1,143	900	838	1,032	2,504	1,986	1,708	1,946

This table presents Wells Fargo & Company's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	1,877,745	1,881,020	1,886,400	1,876,320	1,909,261	1,932,468	1,959,153	1,940,073	1,922,125	1,929,845
Cash and Due from Banks	27,634	34,596	31,958	31,915	30,815	33,026	30,180	32,701	33,530	37,080
Federal Funds Sold	55,840	68,036	67,288	66,500	70,431	80,456	68,751	82,259	105,390	105,330
Interest Bearing Deposits at Other Banks	137,821	124,561	130,478	123,418	187,081	204,193	239,467	199,322	152,016	166,281
Trading Account Securities	299,848	294,041	318,376	322,598	304,942	308,245	330,251	356,314	371,448	371,099
Loans and Leases, Net of Allowance	-12,571	942,886	934,871	933,702	927,870	922,076	908,363	903,547	895,381	898,562
Loans and Leases	-	955,871	947,991	947,960	942,424	936,682	922,784	917,907	909,711	912,745
Allowance for Loan and Lease Losses	12,571	12,985	13,120	14,258	14,554	14,606	14,421	14,360	14,330	14,183
Premises and Equipment, Net	8,493	8,350	8,416	8,392	8,559	9,266	9,426	9,648	9,955	10,297
Goodwill	25,172	25,173	25,173	25,175	25,174	25,175	25,173	25,172	25,173	25,167
Other Assets	1,322,937	383,377	369,840	364,620	354,389	350,031	347,542	331,110	329,232	316,029
Total Liabilities & Shareholders' Equity	1,877,745	1,881,020	1,886,400	1,876,320	1,909,261	1,932,468	1,959,153	1,940,073	1,922,125	1,929,845
Total Liabilities	1,699,336	1,698,807	1,703,180	1,694,368	1,726,888	1,745,025	1,776,479	1,761,925	1,737,114	1,748,779
Non-Interest Bearing Deposits	494,594	458,010	434,912	402,322	384,330	360,279	356,162	348,525	370,005	383,616
Interest Bearing Deposits	903,557	925,975	927,717	942,262	969,680	997,894	1,026,985	1,017,369	979,641	988,188
Short-Term Debt	48,382	51,145	81,007	84,255	93,330	89,559	109,014	118,834	111,894	108,806
Long-Term Debt	156,412	174,870	173,466	170,632	190,035	207,588	187,764	179,136	182,015	173,078
Other Long-Term Liabilities	96,391	88,807	86,078	94,897	89,513	89,705	96,554	98,061	93,559	95,091
Total Equity & Noncontrolling Interests	178,409	182,213	183,220	181,952	182,373	187,443	182,674	178,148	185,011	181,066
Total Preferred & Common Equity	176,189	180,227	181,168	180,191	180,715	185,735	180,943	176,430	183,265	179,120
Preferred Stock	20,057	19,448	19,448	19,448	19,448	19,448	18,608	16,608	18,608	18,608
Total Common Equity	156,132	160,779	161,720	160,743	161,267	166,287	162,335	159,822	164,657	160,512
Common Stock	69,352	69,455	69,082	69,309	69,501	69,691	69,267	69,509	69,759	69,953
Retained Earnings	186,551	187,968	191,688	195,164	199,287	201,136	203,870	207,281	210,749	214,198
Treasury Stock	-84,781	-82,853	-86,049	-89,860	-91,215	-92,960	-98,256	-104,247	-107,479	-111,463
Accumulated Other Comprehensive Income / (Loss)	-14,344	-13,362	-12,572	-13,441	-15,877	-11,580	-12,546	-12,721	-8,372	-12,176
Noncontrolling Interest	2,220	1,986	2,052	1,761	1,658	1,708	1,731	1,718	1,746	1,946

This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.03%	2.57%	0.14%	-2.24%	0.49%	-14.47%	6.60%	-6.06%	11.07%	-0.36%
EBITDA Growth	1.37%	0.44%	-11.61%	4.11%	-4.66%	-67.04%	249.24%	-40.03%	24.25%	10.80%
EBIT Growth	-0.81%	-4.52%	-14.77%	4.24%	-9.01%	-90.35%	1,080.16%	-47.13%	38.44%	7.99%
NOPAT Growth	-1.41%	-5.29%	1.88%	1.85%	-11.67%	-81.88%	549.89%	-43.79%	42.24%	4.92%
Net Income Growth	-0.71%	-4.18%	2.38%	1.85%	-11.67%	-83.29%	554.69%	-38.14%	39.96%	3.03%
EPS Growth	0.49%	-3.16%	2.76%	4.39%	-4.44%	-89.49%	1,081.40%	-35.63%	47.71%	11.18%
Operating Cash Flow Growth	-9.27%	-93.66%	1,747.12%	93.74%	-81.34%	-69.52%	-661.92%	334.69%	49.21%	-92.48%
Free Cash Flow Firm Growth	-11.95%	-12.58%	197.73%	-51.03%	111.92%	67.08%	44.33%	-110.02%	-494.62%	172.57%
Invested Capital Growth	13.46%	12.51%	-2.90%	0.75%	-3.65%	-12.10%	-15.83%	5.98%	18.71%	-4.47%
Revenue Q/Q Growth	0.17%	0.21%	0.31%	-1.22%	0.75%	-3.49%	3.38%	-1.97%	0.54%	-0.12%
EBITDA Q/Q Growth	0.42%	0.99%	-8.89%	7.16%	-4.37%	-5.30%	12.81%	-21.60%	1.58%	8.65%
EBIT Q/Q Growth	-0.46%	-0.37%	-11.16%	9.69%	-6.31%	-29.52%	18.12%	-27.63%	2.46%	9.22%
NOPAT Q/Q Growth	-0.72%	-1.58%	4.52%	-0.38%	-13.17%	14.54%	16.70%	-23.19%	3.20%	9.63%
Net Income Q/Q Growth	-0.58%	-1.33%	5.39%	-1.18%	-13.17%	5.63%	15.63%	-18.49%	1.54%	9.03%
EPS Q/Q Growth	-0.48%	-1.24%	5.40%	1.18%	-11.66%	16.22%	18.14%	-18.86%	2.55%	11.41%
Operating Cash Flow Q/Q Growth	-29.83%	113.07%	-19.64%	69.25%	-27.95%	-94.49%	70.53%	9.86%	37.27%	-75.39%
Free Cash Flow Firm Q/Q Growth	-160.13%	57.99%	-41.21%	-47.74%	533.91%	-30.09%	5.66%	-131.88%	10.55%	727.14%
Invested Capital Q/Q Growth	5.04%	-5.33%	-0.59%	2.65%	-6.84%	-1.94%	-2.73%	6.53%	4.05%	-3.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	42.91%	42.02%	37.09%	39.50%	37.47%	14.44%	47.31%	30.20%	33.79%	37.57%
EBIT Margin	39.09%	36.39%	30.97%	33.03%	29.90%	3.37%	37.34%	21.02%	26.19%	28.39%
Profit (Net Income) Margin	26.60%	24.85%	25.41%	26.47%	23.27%	4.55%	27.93%	18.39%	23.18%	23.96%
Tax Burden Percent	68.05%	68.30%	82.04%	80.16%	77.81%	134.81%	74.79%	87.51%	88.47%	84.41%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	30.81%	31.37%	17.96%	19.84%	22.19%	-46.19%	19.50%	14.40%	12.05%	14.55%
Return on Invested Capital (ROIC)	5.04%	4.23%	4.13%	4.25%	3.81%	0.75%	5.65%	3.37%	4.26%	4.21%
ROIC Less NNEP Spread (ROIC-NNEP)	4.90%	4.19%	4.13%	4.25%	3.81%	0.65%	4.92%	3.51%	4.31%	4.13%
Return on Net Nonoperating Assets (RNNOA)	7.04%	6.90%	6.87%	7.04%	6.69%	1.06%	6.12%	3.97%	6.09%	6.49%
Return on Equity (ROE)	12.08%	11.13%	10.99%	11.29%	10.50%	1.81%	11.77%	7.35%	10.36%	10.70%
Cash Return on Invested Capital (CROIC)	-7.57%	-7.54%	7.07%	3.50%	7.52%	13.63%	22.84%	-2.43%	-12.84%	8.78%
Operating Return on Assets (OROA)	1.94%	1.73%	1.41%	1.48%	1.36%	0.13%	1.52%	0.82%	1.13%	1.21%
Return on Assets (ROA)	1.32%	1.18%	1.16%	1.19%	1.06%	0.17%	1.13%	0.71%	1.00%	1.02%
Return on Common Equity (ROCE)	10.70%	9.75%	9.60%	9.88%	9.23%	1.59%	10.37%	6.48%	9.16%	9.49%
Return on Equity Simple (ROE_SIMPLE)	11.86%	10.99%	10.85%	11.66%	10.80%	1.83%	11.78%	7.59%	10.31%	11.01%
Net Operating Profit after Tax (NOPAT)	23,276	22,045	22,460	22,876	20,206	3,662	23,799	13,378	19,029	19,965
NOPAT Margin	27.05%	24.98%	25.41%	26.47%	23.27%	4.93%	30.06%	17.99%	23.04%	24.26%
Net Nonoperating Expense Percent (NNEP)	0.14%	0.03%	0.00%	0.00%	0.00%	0.09%	0.72%	-0.14%	-0.04%	0.08%
SG&A Expenses to Revenue	36.24%	36.04%	37.21%	45.98%	48.86%	9.37%	53.48%	55.27%	52.60%	53.75%
Operating Expenses to Revenue	58.07%	59.34%	66.17%	64.95%	67.00%	77.60%	67.91%	76.92%	67.27%	66.34%
Earnings before Interest and Taxes (EBIT)	33,641	32,120	27,377	28,538	25,967	2,505	29,563	15,629	21,636	23,364
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	36,929	37,090	32,783	34,131	32,540	10,724	37,453	22,461	27,907	30,922
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.26	1.35	1.06	1.21	0.70	1.06	0.92	1.04	1.45
Price to Tangible Book Value (P/TBV)	1.48	1.49	1.59	1.25	1.44	0.83	1.25	1.09	1.23	1.72
Price to Revenue (P/Rev)	2.50	2.51	2.78	2.12	2.31	1.54	2.24	1.99	2.10	2.83
Price to Earnings (P/E)	10.02	10.87	11.95	8.87	11.07	63.99	8.53	11.77	9.64	12.51
Dividend Yield	3.50%	3.44%	3.09%	4.20%	4.05%	4.41%	1.35%	2.83%	2.72%	2.15%
Earnings Yield	9.98%	9.20%	8.37%	11.27%	9.04%	1.56%	11.72%	8.49%	10.38%	8.00%
Enterprise Value to Invested Capital (EV/IC)	0.50	0.56	0.57	0.55	0.60	0.17	0.25	0.41	0.36	0.49
Enterprise Value to Revenue (EV/Rev)	2.86	3.53	3.45	3.44	3.59	1.05	1.20	2.26	2.11	2.75
Enterprise Value to EBITDA (EV/EBITDA)	6.66	8.41	9.29	8.72	9.59	7.28	2.53	7.49	6.23	7.32
Enterprise Value to EBIT (EV/EBIT)	7.31	9.71	11.12	10.43	12.02	31.18	3.21	10.76	8.04	9.69
Enterprise Value to NOPAT (EV/NOPAT)	10.57	14.15	13.56	13.01	15.44	21.33	3.98	12.57	9.14	11.34
Enterprise Value to Operating Cash Flow (EV/OCF)	15.47	309.44	16.35	8.25	46.37	38.08	0.00	6.22	4.31	74.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.92	15.80	7.82	1.17	0.98	0.00	0.00	5.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	1.75	1.58	1.74	1.77	1.46	1.03	1.24	1.59	1.56
Long-Term Debt to Equity	1.03	1.27	1.08	1.16	1.21	1.15	0.85	0.96	1.11	0.96
Financial Leverage	1.44	1.65	1.66	1.66	1.76	1.62	1.24	1.13	1.42	1.57
Leverage Ratio	9.16	9.43	9.50	9.50	9.93	10.38	10.38	10.28	10.32	10.48
Compound Leverage Factor	9.16	9.43	9.50	9.50	9.93	10.38	10.38	10.28	10.32	10.48
Debt to Total Capital	60.51%	63.70%	61.21%	63.53%	63.90%	59.42%	50.65%	55.36%	61.32%	60.89%
Short-Term Debt to Total Capital	19.87%	17.52%	19.25%	21.15%	20.07%	12.89%	8.93%	12.53%	18.48%	23.50%
Long-Term Debt to Total Capital	40.64%	46.18%	41.95%	42.38%	43.83%	46.53%	41.71%	42.84%	42.84%	37.39%
Preferred Equity to Total Capital	4.52%	4.44%	4.73%	4.30%	4.14%	4.62%	5.21%	4.76%	4.01%	4.02%
Noncontrolling Interests to Total Capital	0.18%	0.17%	0.21%	0.17%	0.16%	0.23%	0.65%	0.49%	0.35%	0.42%
Common Equity to Total Capital	34.79%	31.69%	33.85%	32.00%	31.80%	35.73%	43.50%	39.38%	34.32%	34.67%
Debt to EBITDA	8.04	9.49	10.01	10.06	10.22	25.36	5.21	10.06	10.65	9.12
Net Debt to EBITDA	0.21	1.75	0.99	2.63	2.74	-5.44	-2.81	-0.05	-0.74	-0.87
Long-Term Debt to EBITDA	5.40	6.88	6.86	6.71	7.01	19.86	4.29	7.79	7.44	5.60
Debt to NOPAT	12.76	15.96	14.62	15.01	16.47	74.26	8.20	16.89	15.62	14.12
Net Debt to NOPAT	0.34	2.95	1.44	3.93	4.42	-15.93	-4.43	-0.09	-1.08	-1.34
Long-Term Debt to NOPAT	8.57	11.57	10.02	10.01	11.29	58.15	6.75	13.07	10.91	8.67
Noncontrolling Interest Sharing Ratio	11.39%	12.32%	12.72%	12.49%	12.08%	11.92%	11.90%	11.82%	11.52%	11.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-34,956	-39,355	38,460	18,835	39,915	66,688	96,252	-9,642	-57,333	41,605
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-8.79	-6.66	4.11	1.29	2.12	8.37	24.59	-1.06	-1.75	0.97
Operating Cash Flow to Interest Expense	4.00	0.17	1.99	2.46	0.36	0.26	-2.94	2.98	1.23	0.07
Operating Cash Flow Less CapEx to Interest Expense	4.00	0.17	1.99	2.46	0.36	0.26	-2.94	2.98	1.23	0.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.05	0.05	0.04	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	9.87	10.36	10.29	9.73	9.53	8.16	9.07	8.79	9.38	8.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	490,955	552,355	536,355	540,396	520,687	457,661	385,208	408,228	484,590	462,950
Invested Capital Turnover	0.19	0.17	0.16	0.16	0.16	0.15	0.19	0.19	0.19	0.17
Increase / (Decrease) in Invested Capital	58,232	61,400	-16,000	4,041	-19,709	-63,026	-72,453	23,020	76,362	-21,640
Enterprise Value (EV)	246,077	311,915	304,512	297,557	312,037	78,111	94,802	168,158	173,919	226,461
Market Capitalization	215,147	221,357	245,707	183,607	200,337	114,278	177,596	147,902	173,291	232,714
Book Value per Share	$33.44	$34.85	$36.87	$36.74	$39.15	$39.56	$42.02	$42.19	$45.79	$48.21
Tangible Book Value per Share	$28.44	$29.54	$31.48	$31.13	$32.91	$33.17	$35.71	$35.59	$38.86	$40.65
Total Capital	490,955	552,355	536,355	540,396	520,687	457,661	385,208	408,228	484,590	462,950
Total Debt	297,064	351,858	328,276	343,330	332,703	271,949	195,098	226,015	297,147	281,884
Total Long-Term Debt	199,536	255,077	225,020	229,044	228,191	212,950	160,689	174,870	207,588	173,078
Net Debt	7,823	65,091	32,304	89,836	89,313	-58,335	-105,355	-1,178	-20,528	-26,807
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	382	107	0.00	0.00	0.00	285	1,690	-299	-113	243
Net Nonoperating Obligations (NNO)	297,064	351,858	328,276	343,330	332,703	271,949	195,098	226,015	297,147	281,884
Total Depreciation and Amortization (D&A)	3,288	4,970	5,406	5,593	6,573	8,219	7,890	6,832	6,271	7,558
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.18	$4.03	$4.14	$4.31	$4.08	$0.42	$4.99	$3.17	$4.88	$5.43
Adjusted Weighted Average Basic Shares Outstanding	5.14B	5.05B	4.96B	4.80B	4.39B	4.12B	4.06B	3.81B	3.69B	3.43B
Adjusted Diluted Earnings per Share	$4.12	$3.99	$4.10	$4.28	$4.05	$0.41	$4.95	$3.14	$4.83	$5.37
Adjusted Weighted Average Diluted Shares Outstanding	5.21B	5.11B	5.02B	4.84B	4.43B	4.13B	4.10B	3.84B	3.72B	3.47B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.08	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.08B	5.00B	4.88B	4.55B	4.10B	4.13B	3.81B	3.79B	3.58B	3.29B
Normalized Net Operating Profit after Tax (NOPAT)	23,276	22,045	22,460	22,876	20,206	2,803	23,799	13,378	19,029	19,965
Normalized NOPAT Margin	27.05%	24.98%	25.41%	26.47%	23.27%	3.77%	30.06%	17.99%	23.04%	24.26%
Pre Tax Income Margin	39.09%	36.39%	30.97%	33.03%	29.90%	3.37%	37.34%	21.02%	26.19%	28.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.46	5.44	2.93	1.95	1.38	0.31	7.55	1.72	0.66	0.54
NOPAT to Interest Expense	5.85	3.73	2.40	1.56	1.07	0.46	6.08	1.47	0.58	0.46
EBIT Less CapEx to Interest Expense	8.46	5.44	2.93	1.95	1.38	0.31	7.55	1.72	0.66	0.54
NOPAT Less CapEx to Interest Expense	5.85	3.73	2.40	1.56	1.07	0.46	6.08	1.47	0.58	0.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.55%	41.20%	40.56%	40.72%	47.46%	181.88%	16.41%	38.70%	30.98%	31.60%
Augmented Payout Ratio	76.54%	78.19%	84.67%	130.91%	168.87%	283.00%	81.83%	82.81%	92.89%	130.21%

This table displays calculated financial ratios and metrics derived from Wells Fargo & Company's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.89%	-6.95%	16.93%	20.50%	6.60%	2.22%	0.65%	0.76%	-2.35%	-0.49%
EBITDA Growth	-30.27%	-58.06%	14.61%	38.94%	32.08%	9.71%	0.11%	8.99%	-1.56%	50.22%
EBIT Growth	-35.37%	-67.36%	25.34%	62.12%	46.27%	17.95%	-4.43%	5.61%	-4.78%	57.86%
NOPAT Growth	-34.06%	-58.05%	24.55%	64.75%	60.94%	20.21%	-5.27%	0.12%	-9.87%	49.94%
Net Income Growth	-29.87%	-49.58%	31.76%	57.16%	60.55%	9.22%	-7.45%	-0.57%	-11.32%	47.39%
EPS Growth	-26.50%	-50.33%	35.16%	66.67%	72.09%	16.00%	-2.44%	6.40%	-4.05%	63.22%
Operating Cash Flow Growth	349.81%	50.40%	3,621.61%	-109.95%	29.04%	151.24%	-263.72%	371.52%	-72.87%	-51.08%
Free Cash Flow Firm Growth	-78.46%	-125.31%	-197.44%	-219.44%	-568.46%	-262.45%	42.14%	46.94%	89.57%	136.93%
Invested Capital Growth	-3.24%	5.98%	18.74%	18.98%	21.54%	18.71%	9.54%	8.99%	2.83%	-4.47%
Revenue Q/Q Growth	14.82%	2.39%	3.47%	-0.95%	1.58%	-1.82%	1.88%	-0.83%	-1.56%	0.06%
EBITDA Q/Q Growth	14.82%	-27.51%	65.50%	0.85%	9.15%	-39.78%	51.02%	9.80%	-1.41%	-8.11%
EBIT Q/Q Growth	24.40%	-35.41%	102.21%	-0.22%	12.24%	-47.92%	63.84%	10.26%	1.20%	-13.65%
NOPAT Q/Q Growth	19.76%	-18.07%	67.12%	0.47%	16.99%	-38.81%	31.71%	6.19%	5.32%	1.80%
Net Income Q/Q Growth	14.32%	-12.17%	58.19%	-1.06%	16.79%	-40.25%	34.04%	6.30%	4.15%	-0.68%
EPS Q/Q Growth	14.67%	-12.79%	64.00%	1.63%	18.40%	-41.22%	37.93%	10.83%	6.77%	0.00%
Operating Cash Flow Q/Q Growth	58.36%	-39.71%	2.22%	-110.19%	2,153.64%	17.39%	-166.61%	116.91%	105.17%	111.70%
Free Cash Flow Firm Q/Q Growth	-69.77%	-222.61%	-219.33%	-0.92%	-18.56%	5.14%	49.03%	7.45%	76.69%	435.78%
Invested Capital Q/Q Growth	4.37%	6.53%	7.22%	-0.20%	6.62%	4.05%	-1.06%	-0.70%	0.59%	-3.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	31.51%	22.31%	35.69%	36.34%	39.05%	23.95%	35.50%	39.31%	39.36%	36.15%
EBIT Margin	22.88%	14.43%	28.20%	28.41%	31.39%	16.65%	26.78%	29.77%	30.61%	26.42%
Profit (Net Income) Margin	18.36%	15.75%	24.08%	24.05%	27.65%	16.83%	22.14%	23.73%	25.11%	24.92%
Tax Burden Percent	80.25%	109.13%	85.37%	84.66%	88.09%	101.06%	82.67%	79.71%	82.03%	94.35%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.38%	-1.00%	16.52%	15.94%	12.39%	-2.93%	17.25%	20.31%	17.07%	2.23%
Return on Invested Capital (ROIC)	3.55%	2.73%	4.52%	4.80%	5.32%	3.17%	4.00%	4.31%	4.43%	4.49%
ROIC Less NNEP Spread (ROIC-NNEP)	3.56%	2.84%	4.57%	4.82%	5.34%	3.15%	4.00%	4.31%	4.41%	4.42%
Return on Net Nonoperating Assets (RNNOA)	3.95%	3.22%	5.53%	5.89%	7.22%	4.45%	6.02%	6.62%	6.93%	6.95%
Return on Equity (ROE)	7.50%	5.95%	10.04%	10.69%	12.54%	7.63%	10.02%	10.92%	11.36%	11.44%
Cash Return on Invested Capital (CROIC)	7.76%	-2.43%	-13.57%	-13.29%	-15.10%	-12.84%	-5.01%	-4.49%	1.06%	8.78%
Operating Return on Assets (OROA)	0.91%	0.56%	1.14%	1.22%	1.36%	0.72%	1.15%	1.29%	1.32%	1.13%
Return on Assets (ROA)	0.73%	0.61%	0.97%	1.04%	1.20%	0.73%	0.95%	1.03%	1.08%	1.06%
Return on Common Equity (ROCE)	6.59%	5.25%	8.83%	9.41%	11.03%	6.75%	8.87%	9.72%	10.07%	10.14%
Return on Equity Simple (ROE_SIMPLE)	9.52%	0.00%	8.21%	9.25%	10.43%	0.00%	10.37%	10.62%	9.87%	0.00%
Net Operating Profit after Tax (NOPAT)	3,564	2,920	4,880	4,903	5,736	3,510	4,623	4,909	5,170	5,263
NOPAT Margin	18.22%	14.58%	23.54%	23.88%	27.50%	17.14%	22.16%	23.73%	25.39%	25.83%
Net Nonoperating Expense Percent (NNEP)	-0.01%	-0.11%	-0.05%	-0.02%	-0.01%	0.02%	0.00%	0.00%	0.02%	0.06%
SG&A Expenses to Revenue	50.43%	8.99%	54.05%	50.86%	50.54%	54.97%	54.91%	51.56%	52.66%	55.87%
Operating Expenses to Revenue	73.12%	80.79%	65.98%	63.25%	62.87%	77.09%	68.72%	64.25%	64.16%	68.21%
Earnings before Interest and Taxes (EBIT)	4,476	2,891	5,846	5,833	6,547	3,410	5,587	6,160	6,234	5,383
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,166	4,470	7,398	7,461	8,144	4,904	7,406	8,132	8,017	7,367
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	0.92	0.84	0.96	0.45	1.04	1.28	1.29	1.17	1.45
Price to Tangible Book Value (P/TBV)	1.10	1.09	0.99	1.14	0.53	1.23	1.51	1.53	1.38	1.72
Price to Revenue (P/Rev)	1.90	1.99	1.75	1.91	0.88	2.10	2.51	2.48	2.33	2.83
Price to Earnings (P/E)	9.16	11.77	9.85	9.92	4.09	9.64	11.81	11.70	11.33	12.51
Dividend Yield	2.63%	2.83%	3.22%	2.92%	3.15%	2.72%	2.36%	2.38%	2.57%	2.15%
Earnings Yield	10.91%	8.49%	10.15%	10.08%	24.47%	10.38%	8.47%	8.55%	8.82%	8.00%
Enterprise Value to Invested Capital (EV/IC)	0.39	0.41	0.42	0.48	0.19	0.36	0.39	0.44	0.45	0.49
Enterprise Value to Revenue (EV/Rev)	1.97	2.26	2.35	2.58	1.08	2.11	2.25	2.50	2.62	2.75
Enterprise Value to EBITDA (EV/EBITDA)	5.23	7.49	7.77	8.18	3.22	6.23	6.68	7.26	7.58	7.32
Enterprise Value to EBIT (EV/EBIT)	6.94	10.76	10.82	10.95	4.19	8.04	8.72	9.56	10.08	9.69
Enterprise Value to NOPAT (EV/NOPAT)	8.60	12.57	12.68	12.82	4.80	9.14	9.93	11.05	11.84	11.34
Enterprise Value to Operating Cash Flow (EV/OCF)	6.08	6.22	5.31	8.05	3.01	4.31	8.95	8.78	17.48	74.62
Enterprise Value to Free Cash Flow (EV/FCFF)	4.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	42.86	5.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.15	1.24	1.39	1.40	1.55	1.59	1.62	1.67	1.59	1.56
Long-Term Debt to Equity	0.88	0.96	0.95	0.94	1.04	1.11	1.03	1.01	0.98	0.96
Financial Leverage	1.11	1.13	1.21	1.22	1.35	1.42	1.51	1.54	1.57	1.57
Leverage Ratio	10.37	10.28	10.49	10.39	10.50	10.32	10.51	10.60	10.43	10.48
Compound Leverage Factor	10.37	10.28	10.49	10.39	10.50	10.32	10.51	10.60	10.43	10.48
Debt to Total Capital	53.44%	55.36%	58.14%	58.35%	60.84%	61.32%	61.90%	62.58%	61.37%	60.89%
Short-Term Debt to Total Capital	12.63%	12.53%	18.51%	19.29%	20.04%	18.48%	22.74%	24.96%	23.36%	23.50%
Long-Term Debt to Total Capital	40.82%	42.84%	39.63%	39.06%	40.80%	42.84%	39.16%	37.62%	38.01%	37.39%
Preferred Equity to Total Capital	5.23%	4.76%	4.44%	4.45%	4.18%	4.01%	3.88%	3.49%	3.89%	4.02%
Noncontrolling Interests to Total Capital	0.58%	0.49%	0.47%	0.40%	0.36%	0.35%	0.36%	0.36%	0.36%	0.42%
Common Equity to Total Capital	40.74%	39.38%	36.95%	36.80%	34.63%	34.32%	33.86%	33.57%	34.38%	34.67%
Debt to EBITDA	7.15	10.06	10.87	10.00	10.31	10.65	10.63	10.42	10.33	9.12
Net Debt to EBITDA	-0.58	-0.05	1.06	1.30	-0.18	-0.74	-1.49	-0.57	0.10	-0.87
Long-Term Debt to EBITDA	5.46	7.79	7.41	6.69	6.92	7.44	6.73	6.27	6.40	5.60
Debt to NOPAT	11.76	16.89	17.75	15.67	15.37	15.62	15.81	15.87	16.14	14.12
Net Debt to NOPAT	-0.95	-0.09	1.73	2.03	-0.27	-1.08	-2.22	-0.87	0.16	-1.34
Long-Term Debt to NOPAT	8.98	13.07	12.10	10.49	10.31	10.91	10.00	9.54	9.99	8.67
Noncontrolling Interest Sharing Ratio	12.07%	11.82%	12.06%	12.03%	12.02%	11.52%	11.43%	10.98%	11.29%	11.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16,394	-20,100	-64,186	-64,777	-76,799	-72,852	-37,136	-34,370	-8,012	26,903
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	6.84	-4.61	-10.66	-8.45	-8.54	-7.24	-3.50	-3.14	-0.71	2.63
Operating Cash Flow to Interest Expense	5.02	1.66	1.23	-0.10	1.73	1.81	-1.14	0.19	0.37	0.87
Operating Cash Flow Less CapEx to Interest Expense	5.02	1.66	1.23	-0.10	1.73	1.81	-1.14	0.19	0.37	0.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	8.88	8.79	9.16	9.61	9.64	9.38	9.27	9.19	8.90	8.41
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	383,203	408,228	437,693	436,839	465,738	484,590	479,452	476,118	478,920	462,950
Invested Capital Turnover	0.19	0.19	0.19	0.20	0.19	0.19	0.18	0.18	0.17	0.17
Increase / (Decrease) in Invested Capital	-12,830	23,020	69,066	69,680	82,535	76,362	41,759	39,279	13,182	-21,640
Enterprise Value (EV)	149,796	168,158	181,851	208,590	88,488	173,919	186,419	207,497	215,606	226,461
Market Capitalization	144,020	147,902	135,602	154,327	72,344	173,291	207,700	205,483	192,279	232,714
Book Value per Share	$41.16	$42.19	$42.63	$42.84	$44.20	$45.79	$45.60	$45.84	$48.37	$48.21
Tangible Book Value per Share	$34.53	$35.59	$35.99	$36.13	$37.30	$38.86	$38.53	$38.62	$40.98	$40.65
Total Capital	383,203	408,228	437,693	436,839	465,738	484,590	479,452	476,118	478,920	462,950
Total Debt	204,794	226,015	254,473	254,887	283,365	297,147	296,778	297,970	293,909	281,884
Total Long-Term Debt	156,412	174,870	173,466	170,632	190,035	207,588	187,764	179,136	182,015	173,078
Net Debt	-16,501	-1,178	24,749	33,054	-4,962	-20,528	-41,620	-16,312	2,973	-26,807
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-28	-235	-111	-35	-31	64	4.00	-1.00	56	184
Net Nonoperating Obligations (NNO)	204,794	226,015	254,473	254,887	283,365	297,147	296,778	297,970	293,909	281,884
Total Depreciation and Amortization (D&A)	1,690	1,579	1,552	1,628	1,597	1,494	1,819	1,972	1,783	1,984
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.86	$0.76	$1.24	$1.26	$1.49	$0.89	$1.21	$1.35	$1.43	$1.44
Adjusted Weighted Average Basic Shares Outstanding	3.80B	3.81B	3.79B	3.70B	3.65B	3.69B	3.56B	3.45B	3.38B	3.43B
Adjusted Diluted Earnings per Share	$0.85	$0.75	$1.23	$1.25	$1.48	$0.87	$1.20	$1.33	$1.42	$1.42
Adjusted Weighted Average Diluted Shares Outstanding	3.83B	3.84B	3.82B	3.72B	3.68B	3.72B	3.60B	3.49B	3.43B	3.47B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.81B	3.79B	3.75B	1.82B	3.63B	3.58B	3.49B	3.40B	3.33B	3.29B
Normalized Net Operating Profit after Tax (NOPAT)	3,564	2,024	4,880	4,903	5,736	2,387	4,623	4,909	5,170	5,263
Normalized NOPAT Margin	18.22%	10.10%	23.54%	23.88%	27.50%	11.66%	22.16%	23.73%	25.39%	25.83%
Pre Tax Income Margin	22.88%	14.43%	28.20%	28.41%	31.39%	16.65%	26.78%	29.77%	30.61%	26.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.87	0.66	0.97	0.76	0.73	0.34	0.53	0.56	0.55	0.53
NOPAT to Interest Expense	1.49	0.67	0.81	0.64	0.64	0.35	0.44	0.45	0.46	0.52
EBIT Less CapEx to Interest Expense	1.87	0.66	0.97	0.76	0.73	0.34	0.53	0.56	0.55	0.53
NOPAT Less CapEx to Interest Expense	1.49	0.67	0.81	0.64	0.64	0.35	0.44	0.45	0.46	0.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.64%	38.70%	36.77%	33.80%	30.75%	30.98%	32.22%	32.73%	34.33%	31.60%
Augmented Payout Ratio	107.35%	82.81%	63.86%	81.97%	81.18%	92.89%	105.93%	117.26%	132.72%	130.21%

Frequently Asked Questions About Wells Fargo & Company's Financials

When does Wells Fargo & Company's financial year end?

According to the most recent income statement we have on file, Wells Fargo & Company's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Wells Fargo & Company's net income changed over the last 9 years?

Wells Fargo & Company's net income appears to be on a downward trend, with a most recent value of $19.72 billion in 2024, falling from $22.89 billion in 2015. The previous period was $19.14 billion in 2023.

How has Wells Fargo & Company revenue changed over the last 9 years?

Over the last 9 years, Wells Fargo & Company's total revenue changed from $86.06 billion in 2015 to $82.30 billion in 2024, a change of -4.4%.

How much debt does Wells Fargo & Company have?

Wells Fargo & Company's total liabilities were at $1.75 trillion at the end of 2024, a 0.2% increase from 2023, and a 9.7% increase since 2015.

How much cash does Wells Fargo & Company have?

In the past 9 years, Wells Fargo & Company's cash and equivalents has ranged from $19.11 billion in 2015 to $37.08 billion in 2024, and is currently $37.08 billion as of their latest financial filing in 2024.

How has Wells Fargo & Company's book value per share changed over the last 9 years?

Over the last 9 years, Wells Fargo & Company's book value per share changed from 33.44 in 2015 to 48.21 in 2024, a change of 44.2%.

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This page (NYSE:WFC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Wells Fargo & Company (WFC) Financials

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