Wells Historical Income Statement
| WFC Stock | USD 77.21 0.14 0.18% |
Historical analysis of Wells Fargo income statement accounts such as Interest Expense of 34.4 B, Other Operating Expenses of 26.1 B, Operating Income of 17.3 B or Ebit of 17 B can show how well Wells Fargo performed in making a profits. Evaluating Wells Fargo income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Wells Fargo's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Wells Fargo latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Wells Fargo is a good buy for the upcoming year.
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About Wells Income Statement Analysis
Wells Fargo Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Wells Fargo shareholders. The income statement also shows Wells investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Wells Fargo Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Wells Fargo. It is also known as Wells Fargo overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Wells Fargo operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Wells Fargo is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Wells Fargo financial statement analysis. It represents the amount of money remaining after all of Wells Fargo operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Wells Fargo's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Wells Fargo current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For information on how to trade Wells Stock refer to our How to Trade Wells Stock guide.At present, Wells Fargo's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 20.1 B, whereas Other Operating Expenses is forecasted to decline to about 26.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 28.9B | 15.0B | 28.7B | 17.3B | Other Operating Expenses | 53.8B | 57.3B | 48.5B | 26.1B |
Wells Fargo income statement Correlations
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Wells Fargo Account Relationship Matchups
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Wells Fargo income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 18.9B | 8.0B | 3.9B | 9.1B | 32.7B | 34.4B | |
| Other Operating Expenses | 58.3B | 57.7B | 53.8B | 57.3B | 48.5B | 26.1B | |
| Operating Income | 26.0B | 4.0B | 28.9B | 15.0B | 28.7B | 17.3B | |
| Ebit | 26.0B | (892M) | 28.8B | 15.0B | 21.6B | 17.0B | |
| Ebitda | 51.9B | 8.1B | 37.3B | 22.3B | 27.9B | 26.2B | |
| Total Operating Expenses | 58.3B | 57.7B | 53.8B | 57.3B | 48.5B | 51.0B | |
| Net Income | 19.7B | 1.8B | 22.1B | 13.7B | 19.1B | 20.1B | |
| Income Tax Expense | 5.8B | 1.2B | 5.6B | 2.1B | 2.6B | 3.7B | |
| Depreciation And Amortization | 26.0B | 9.0B | 8.5B | 7.3B | 6.3B | 10.3B | |
| Selling General Administrative | 6.7B | 6.7B | 5.7B | 5.2B | 35.8B | 37.6B | |
| Total Revenue | 85.1B | 72.3B | 78.5B | 73.8B | 77.2B | 49.4B | |
| Gross Profit | 85.1B | 72.3B | 78.5B | 73.8B | 82.6B | 49.6B | |
| Income Before Tax | 26.0B | 2.5B | 28.8B | 15.0B | 21.6B | 14.8B | |
| Total Other Income Expense Net | 24.2B | (9.2B) | (6.4B) | (6.8B) | (7.0B) | (6.7B) | |
| Net Income Applicable To Common Shares | 17.9B | 1.7B | 20.3B | 12.1B | 13.9B | 13.6B | |
| Selling And Marketing Expenses | 857M | 1.1B | 600M | 505M | 812M | 771.4M | |
| Minority Interest | 492M | 1.0B | (1.7B) | (300M) | 413M | 433.7M | |
| Net Income From Continuing Ops | 20.0B | 3.6B | 23.2B | 12.9B | 17.9B | 15.2B | |
| Preferred Stock And Other Adjustments | 1.7B | 1.6B | 1.3B | 1.1B | 1.3B | 1.5B | |
| Tax Provision | 4.2B | (3.0B) | 5.6B | 2.1B | 2.5B | 3.8B | |
| Net Interest Income | 47.2B | 39.8B | 35.8B | 45.0B | 53.0B | 36.8B | |
| Interest Income | 66.1B | 47.8B | 39.7B | 54.0B | 80.1B | 62.8B | |
| Reconciled Depreciation | 7.1B | 8.7B | 7.9B | 6.8B | 6.4B | 7.5B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Wells Fargo offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wells Fargo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wells Fargo Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wells Fargo Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wells Fargo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For information on how to trade Wells Stock refer to our How to Trade Wells Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wells Fargo. If investors know Wells will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wells Fargo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 1.45 | Earnings Share 4.81 | Revenue Per Share 22.23 | Quarterly Revenue Growth (0.02) |
The market value of Wells Fargo is measured differently than its book value, which is the value of Wells that is recorded on the company's balance sheet. Investors also form their own opinion of Wells Fargo's value that differs from its market value or its book value, called intrinsic value, which is Wells Fargo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wells Fargo's market value can be influenced by many factors that don't directly affect Wells Fargo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wells Fargo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wells Fargo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wells Fargo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.