Grufity logoGrufity logo
StocksFundsSearch FilingsAPI

Wells Fargo & Co Stock Research

WFC

39.61USD-1.25(-3.06%)Market Closed
Watchlist

Market Summary

USD39.61-1.25
Market Closed
-3.06%

WFC Alerts

WFC Stock Price

WFC RSI Chart

WFC Valuation

Market Cap

146.6B

Price/Earnings (Trailing)

8.98

Price/Sales (Trailing)

2.02

EV/EBITDA

2.11

Price/Free Cashflow

5.66

WFC Price/Sales (Trailing)

WFC Profitability

EBT Margin

25.80%

Return on Equity

8%

Return on Assets

0.77%

Free Cashflow Yield

17.68%

WFC Fundamentals

WFC Revenue

Revenue (TTM)

72.5B

Revenue Y/Y

80.25%

Revenue Q/Q

7.62%

WFC Earnings

Earnings (TTM)

16.3B

Earnings Y/Y

57.16%

Earnings Q/Q

-1.06%

Price Action

52 Week Range

35.2548.84
(Low)(High)

Last 7 days

-4.7%

Last 30 days

-4.9%

Last 90 days

-8.7%

Trailing 12 Months

-0.9%

WFC Financial Health

Debt/Equity

0.96

Debt/Cashflow

0.2

WFC Investor Care

Buy Backs (1Y)

2.48%

Diluted EPS (TTM)

4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for WFC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-15
Norwood Felicia F
sold
-12,450
25.00
-498
-
2023-04-21
Hranicky Kyle G
gifted
-
-
-2,400
sr. executive vice president
2023-04-21
Hranicky Kyle G
acquired
-
-
114,029
sr. executive vice president
2023-04-21
Hranicky Kyle G
gifted
-
-
800
sr. executive vice president
2023-04-21
Hranicky Kyle G
sold
-
-
-114,029
sr. executive vice president
2023-03-16
Norwood Felicia F
bought
1,451
18.846
77.00
-
2023-03-15
Weiss Jonathan G.
acquired
-
-
45,672
sr. executive vice president
2023-03-15
Van Beurden Saul
sold (taxes)
-460,113
38.85
-11,843
sr. executive vice president

1–10 of 50

Which funds bought or sold WFC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
M Holdings Securities, Inc.
sold off
-100
-604,000
-
-%
2023-09-26
BROOKFIELD Corp /ON/
added
934
20,741,100
22,660,000
0.09%
2023-09-21
Baystate Wealth Management LLC
reduced
-72.71
-49,534
22,410
-%
2023-09-21
Jefferies Group LLC
added
938
2,421,450
2,671,940
0.02%
2023-09-21
Jefferies Group LLC
unchanged
-
-22,685
2,371,880
0.02%
2023-09-20
Mondrian Investment Partners LTD
reduced
-2.76
15,518,200
156,278,000
3.12%
2023-09-20
BARCLAYS PLC
added
94.71
255,343,000
464,109,000
0.29%
2023-09-14
IMS Capital Management
reduced
-0.46
314,146
2,615,560
1.45%
2023-09-13
CGC Financial Services, LLC
new
-
11,950
11,950
0.01%
2023-09-12
Farther Finance Advisors, LLC
new
-
387,072
387,072
0.09%

1–10 of 46

Latest Funds Activity

Are funds buying WFC calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WFC
No. of Funds

Schedule 13G FIlings of Wells Fargo

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.70%
331,546,750
SC 13G/A
Feb 07, 2023
blackrock inc.
7.0%
268,358,243
SC 13G/A
Feb 09, 2022
vanguard group inc
8.16%
325,460,566
SC 13G/A
Feb 08, 2022
blackrock inc.
7.1%
282,952,036
SC 13G/A
Feb 10, 2021
vanguard group inc
7.65%
316,366,883
SC 13G/A
Feb 05, 2021
blackrock inc.
6.9%
285,295,599
SC 13G/A
Sep 04, 2020
berkshire hathaway inc
3.3%
137,557,302
SC 13G/A
Feb 14, 2020
berkshire hathaway inc
8.4%
347,604,686
SC 13G/A
Feb 14, 2020
berkshire hathaway inc
8.4%
347,604,686
SC 13G/A
Feb 12, 2020
vanguard group inc
7.37%
311,751,138
SC 13G/A

Recent SEC filings of Wells Fargo

View All Filings
Date Filed Form Type Document
Sep 25, 2023
3
Insider Trading
Sep 25, 2023
SC 13D
13D - Major Acquisition
Sep 22, 2023
SC 13D/A
13D - Major Acquisition
Sep 22, 2023
SC 13D/A
13D - Major Acquisition
Sep 22, 2023
SC 13D/A
13D - Major Acquisition
Sep 22, 2023
SC 13D/A
13D - Major Acquisition
Sep 22, 2023
SC 13D
13D - Major Acquisition
Sep 22, 2023
SC 13D
13D - Major Acquisition
Sep 22, 2023
3
Insider Trading
Sep 22, 2023
3
Insider Trading

WFC Fair Value

Loading...

Peers (Alternatives to Wells Fargo)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
423.2B
173.2B
-2.08% 38.81%
8.85
2.44
35.92% 22.61%
212.4B
110.0B
-7.87% -10.50%
7.13
1.93
51.38% 6.30%
146.6B
72.5B
-4.90% -0.88%
8.98
2.02
73.83% -8.32%
49.3B
25.2B
-13.30% -20.29%
8.5
1.96
79.85% -14.63%
48.1B
22.9B
-1.80% -18.88%
7.54
2.1
38.72% 11.55%
5.7B
3.5B
-16.55% -52.80%
5.16
1.63
63.30% 33.69%
MID-CAP
6.6B
2.0B
-6.44% -32.26%
10.07
3.77
87.42% 64.02%
6.0B
1.9B
-8.45% -11.55%
9.38
3.15
63.51% 27.47%
5.0B
1.9B
-5.41% -19.40%
8.05
2.63
77.79% 14.10%
5.0B
3.4B
-8.10% -33.10%
5.64
1.44
49.65% 2.44%
SMALL-CAP
1.5B
434.3M
-10.39% -24.64%
10.68
3.46
26.93% -3.25%
1.3B
738.4M
-9.66% -30.10%
12.6
1.77
72.51% -6.48%
1.2B
270.1M
-4.16% -16.61%
7.45
4.27
51.23% 68.79%
1.0B
919.0M
-11.74% -30.28%
5.73
1.14
55.57% -16.98%

Wells Fargo News

Barron's
Why Rising Interest Rates Hurt Bank Stocks Instead of Helping Them.
Barron's,
4 hours ago
Morningstar
SiouxFalls.Business
MarketBeat September market recap.
SiouxFalls.Business,
15 hours ago
InvestorsObserver

Returns for WFC

Cumulative Returns on WFC

2.3%


10-Year Cumulative Returns

1.1%


7-Year Cumulative Returns

-3.2%


5-Year Cumulative Returns

19.8%


3-Year Cumulative Returns

Risks for WFC

What is the probability of a big loss on WFC?

73.1%


Probability that Wells Fargo stock will be more than 20% underwater in next one year

38.9%


Probability that Wells Fargo stock will be more than 30% underwater in next one year.

19.6%


Probability that Wells Fargo stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WFC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Wells Fargo was unfortunately bought at previous high price.

Drawdowns

Financials for Wells Fargo

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue14.7%72,47363,19954,02446,35241,69239,82939,69440,12341,10043,22047,91953,01858,70663,87966,15567,40967,27466,30364,64792,16490,844
EBITDA-100.0%-71,96466,75168,41067,98064,88065,99559,74256,95550,46248,63553,90458,40673,50980,273------
EBITDA Margin-100.0%-1.14*1.24*1.48*1.63*1.63*1.66*1.49*1.39*1.17*1.02*1.02*1.00*1.15*1.21*------
Interest Expenses6.0%52,03049,06544,95040,77937,59036,19235,77935,87236,34237,43439,95641,85544,10146,30447,30348,67549,62250,06849,99549,66449,541
Earnings Before Taxes13.7%18,57416,33914,96920,76623,29827,88928,81624,57220,9646,9762,5053,5546,35219,78325,96727,71629,19828,68528,53826,01725,200
EBT Margin-100.0%-0.26*0.28*0.44*0.55*0.70*0.73*0.56*0.46*0.11*0.01*0.07*0.11*0.31*0.39*------
Net Income12.4%16,32114,52513,18216,20817,80220,70021,54818,88916,9837,0973,3773,0624,45614,50819,71522,74024,13723,11722,39322,48021,015
Net Income Margin-100.0%-0.23*0.24*0.35*0.42*0.52*0.54*0.47*0.42*0.17*0.07*0.05*0.07*0.22*0.30*------
Free Cashflow-100.0%-34,25527,04824,6207,794-7,856-11,525-39,107-42,873-18,6922,05137,23932,84016,0526,730------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.5%1,876,3201,886,4001,881,0201,877,7451,881,1411,939,7091,948,0681,954,9011,945,9961,957,2641,952,9111,920,3991,967,0481,981,3491,927,5551,943,9501,923,3881,887,7921,895,8831,872,9811,879,700
    Cash Equivalents-1.3%154,418156,431159,157165,455155,140201,895234,230266,687274,173286,733264,612246,770262,503150,809141,250148,731164,427148,968173,287159,523163,449
  Net PPE------------8,9779,0259,1089,3099,3159,4358,8258,9208,8028,882
  Goodwill0.0%25,17525,17325,17325,17225,17825,18125,18026,19126,19426,29026,39226,38726,38526,38126,39026,38826,41526,42026,41826,42526,429
Liabilities-0.5%1,694,3681,703,1801,698,8071,699,3361,701,3491,758,0201,757,9581,763,8301,752,8691,771,1951,767,1991,740,1881,788,6441,798,0191,739,5711,749,5341,723,3511,689,0591,698,8171,673,3021,673,631
  Short Term Borrowings4.0%84,25581,00751,14548,38237,07533,60134,40941,98045,63558,92058,99955,22460,48592,289104,512123,908115,344106,597105,787105,451104,496
  Long Term Debt-1.6%170,632173,466174,870156,412150,291153,337160,689162,982179,656183,312212,950215,711230,921237,342228,191230,651241,476236,339229,044221,323219,284
Shareholder's Equity-1.7%180,191183,220180,227176,189179,798181,597189,889191,071193,127188,034185,712181,727178,635183,310187,702194,416200,037198,733197,066199,679206,069
  Retained Earnings1.8%195,164191,688187,968186,551184,475182,623180,322175,709171,765166,772161,945160,913159,952165,308166,697166,320164,551160,776158,163154,576150,803
  Additional Paid-In Capital0.4%60,17359,94660,31960,21660,02459,89960,19660,13460,01859,85460,19760,03559,92359,84961,04960,86660,62560,40960,68560,73859,644
Shares Outstanding-2.3%3,7003,786-3,7973,7943,831-4,0564,1254,141-4,1244,1064,105-4,3594,4694,552-4,7844,866
Minority Interest-14.2%1,7612,0521,9862,2202,2612,4462,5042,0431,8651,1301,0328597366128381,112995901900938881
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-24.4%25,91234,25527,04824,6207,794-7,856-11,525-39,107-42,873-18,6922,05137,23932,84016,0526,7309,34128,97428,79436,07321,31424,188
Cashflow From Investing91.4%-2,361-27,470-42,476-57,952-65,892-46,108-7,61944,29593,974182,385122,55499,51649,477-64,908-29,631-45,350-38,189-26,941-7,754-17,445-10,573
Cashflow From Financing53.5%-24,273-52,249-59,645-67,900-60,935-30,874-11,23814,729-39,431-27,769-1,243-38,71615,75950,697-9,13625,21710,193-55,280-70,979-69,557-66,471
  Dividend Payments3.8%4,5234,3574,1783,8593,5312,9972,4222,0011,5923,2034,8526,5348,2998,2338,1988,0807,9247,8227,6927,6057,487
  Buy Backs100.2%8,0704,0316,03313,03918,32519,88614,4647,4552,1676043,41510,77918,22423,12024,53324,46524,39922,42420,63316,17911,398

WFC Income Statement

2023-06-30
Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income    
Debt securities$ 4,037$ 2,702$ 7,820$ 5,265
Loans held for sale94126191266
Loans14,1158,11627,43315,334
Equity securities194193364363
Other interest income2,3904194,378509
Total interest income20,83011,55640,18621,737
Interest expense    
Deposits3,8051586,566241
Short-term borrowings961311,53117
Long-term debt2,6931,0115,2041,772
Other interest expense208158386288
Total interest expense7,6671,35813,6872,318
Net interest income13,16310,19826,49919,419
Noninterest income    
Deposit and lending-related fees1,5171,7293,0213,544
Card fees1,0981,1122,1312,141
Mortgage banking202287434980
Net gains (losses) from trading and securities1,032(26)2,017770
Other412566[1]9921,258[1]
Total noninterest income7,3706,84214,76315,349
Total revenue20,53317,04041,26234,768
Provision for credit losses1,7135802,920(207)
Noninterest expense    
Personnel8,6068,44218,02117,713
Technology, telecommunications and equipment9477991,8691,675
Occupancy7077051,4201,427
Operating losses2325764991,249
Professional and outside services1,3041,3102,5332,596
Advertising and promotion184102338201
Restructuring charges0005
Other1,007928[1]1,9831,847[1]
Total noninterest expense12,98712,86226,66326,713
Income (loss) before income tax expense5,8333,59811,6798,262
Income tax expense (benefit)930622[1]1,8961,368[1]
Net income (loss) before noncontrolling interests4,9032,976[2]9,7836,894[2],[3]
Net income (loss) from noncontrolling interests(35)(166)(146)(36)
Wells Fargo net income (loss)4,9383,142[1]9,9296,930[1]
Less: Preferred stock dividends and other279279557558
Wells Fargo net income (loss) applicable to common stock$ 4,659$ 2,863$ 9,372$ 6,372
Per share information    
Earnings per common share (in dollars per share)$ 1.26$ 0.75$ 2.50$ 1.67
Diluted earnings per common share (in dollars per share)$ 1.25$ 0.75$ 2.48$ 1.66
Average common shares outstanding (in shares)3,699.93,793.83,742.63,812.3
Diluted average common shares outstanding (in shares)3,724.93,819.63,772.43,845.0
Investment advisory and other asset-based fees [Member]    
Noninterest income    
Fee income$ 2,163$ 2,346$ 4,277$ 4,844
Commissions and brokerage services fees [Member]    
Noninterest income    
Fee income5705421,1891,079
Investment banking fees [Member]    
Noninterest income    
Fee income$ 376$ 286$ 702$ 733
[1]In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[2]In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[3]In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).

WFC Balance Sheet

2023-06-30
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 31,915$ 34,596
Interest-earning deposits with banks123,418124,561
Federal funds sold and securities purchased under resale agreements66,50068,036
Trading, at fair value96,85786,155
Available-for-sale, at fair value134,251113,594
Held-to-maturity, at amortized cost, net of allowance for credit losses272,360297,059
Loans held for sale6,0297,104
Total loans947,960955,871
Allowance for loan losses(14,258)(12,985)
Net loans933,702942,886
Mortgage servicing rights9,34510,480
Premises and equipment, net8,3928,350
Goodwill25,17525,173
Derivative assets17,99022,774
Equity securities67,47164,414
Other assets82,91575,838[1]
Total assets[2]1,876,3201,881,020
Liabilities  
Noninterest-bearing deposits402,322458,010
Interest-bearing deposits942,262925,975
Total deposits1,344,5841,383,985
Short-term borrowings84,25551,145
Derivative liabilities21,43120,067[1]
Accrued expenses and other liabilities73,46668,740
Long-term debt170,632174,870
Total liabilities[3]1,694,3681,698,807
Wells Fargo stockholders’ equity:  
Preferred stock19,44819,448
Common stock9,1369,136
Additional paid-in capital60,17360,319
Retained earnings195,164187,968[1]
Accumulated other comprehensive income (loss)(13,441)(13,362)[1]
Treasury stock, at cost(89,860)(82,853)
Unearned ESOP shares(429)(429)
Total Wells Fargo stockholders’ equity180,191180,227
Noncontrolling interests1,7611,986
Total equity181,952182,213[4]
Total liabilities and equity$ 1,876,320$ 1,881,020
[1]In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[2]Our consolidated assets at June 30, 2023, and December 31, 2022, include the following assets of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs: Debt securities, $71 million and $71 million; Loans, $4.9 billion and $4.8 billion; All other assets, $205 million and $191 million; and Total assets, $5.2 billion and $5.1 billion, respectively.
[3]Our consolidated liabilities at June 30, 2023, and December 31, 2022, include $208 million and $201 million, respectively, of VIE liabilities for which the VIE creditors do not have recourse to Wells Fargo
[4]In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
Charles W. Scharf
65535
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.