WFC Research | Milton Maxwell

WFC

Wells Fargo & Company

92.19

-0.71-0.76%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

295.33B

P/E (TTM)

15.19

Basic EPS (TTM)

6.07

Dividend Yield

0.02%

Recent Filings

8-K

12/12/25Dec 12, 2025

8-K

Wells Fargo Q3 earnings surge

10/14/25Oct 14, 2025

Wells Fargo posted third-quarter net income of $5.6 billion, or $1.66 per diluted share, up 9% from last year, fueled by 5% revenue growth to $21.4 billion on stronger net interest income and fee gains in investment banking and cards. Credit quality sharpened, with net charge-offs dropping 14% to 0.40% of average loans and provision for credit losses falling 36% to $681 million, while average loans rose 2% to $928.7 billion. Yet severance costs hit $296 million; the bank repurchased $6.1 billion in shares and hiked its dividend 12.5%. Momentum builds.

8-K

Wells Fargo issues $4B notes

9/15/25Sep 15, 2025

Wells Fargo issued $4 billion in Medium-Term Notes, Series Y, on September 15, 2025, comprising $1.5 billion fixed-to-floating rate notes and $750 million floating rate notes due 2029, plus $1.75 billion fixed-to-floating rate notes due 2036. This debt raise bolsters the bank's funding amid steady market conditions. Notes are senior and redeemable. Use of proceeds not specified.

8-K

Wells Fargo launches note programs

8/28/25Aug 28, 2025

Wells Fargo & Company launched a Medium-Term Note Program, Series Y, and a Subordinated Medium-Term Note Program, Series Z, on August 28, 2025, to enable flexible debt issuance. The filing discloses a Distribution Agreement with agents for these programs. This bolsters funding options amid market volatility. No terms or amounts specified yet.

10-Q

Q2 FY2025 results

8/5/25Aug 5, 2025

Wells Fargo posted $5.5B net income in Q2 2025 ended June 30, up 12% y/y and 12% q/q, with diluted EPS at $1.60 (20% y/y, 15% q/q derived). Revenue rose 1% y/y to $20.8B on higher noninterest income, though net interest income dipped 2% y/y amid lower rates; provision for credit losses fell 19% y/y to $1.0B as charge-offs eased. Noninterest expense edged up 1% y/y to $13.4B, but efficiency held at 64%. Loans grew 1% q/q to $924B, deposits slipped 2% q/q to $1.3T, while CET1 ticked up to 11.13% under the binding Standardized Approach. The Fed lifted the asset cap in June 2025. Yet regulatory scrutiny persists on anti-money laundering practices.

About

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. 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, 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. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

CEO

Mr. Charles W. Scharf

IPO

6/1/1972

Website

https://www.wellsfargo.com

Employees

210,821

Sector

Financial Services

Industry

Banks - Diversified