Wells Fargo & Co

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.wellsfargo.com/

IPO date

Dec 10, 1962

Employees

233,834

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	77,198,000 4.63%	73,785,000 -6.00%	78,492,000 8.50%
Cost of revenue	31,242,000	5,693,000	6,323,000
Unusual Expense (Income)
NOPBT	45,956,000	68,092,000	72,169,000
NOPBT Margin	59.53%	92.28%	91.94%
Operating Taxes	2,607,000	2,087,000	5,578,000
Tax Rate	5.67%	3.06%	7.73%
NOPAT	43,349,000	66,005,000	66,591,000
Net income	19,142,000 39.96%	13,677,000 -38.14%	22,109,000 1,137.91%
Dividends	(5,930,000)	(5,293,000)	(3,627,000)
Dividend yield	3.24%	3.34%	1.85%
Proceeds from repurchase of equity	(10,129,000)	(6,033,000)	39,884,000
BB yield	5.53%	3.81%	-20.29%
Debt
Debt current	11,883,000	51,145,000	34,409,000
Long-term debt	207,607,000	174,892,000	160,715,000
Deferred revenue		(20,047,000)
Other long-term liabilities	482,765,000	(123,725,000)	(163,476,000)
Net debt	(577,171,000)	(607,936,000)	(826,767,000)
Cash flow
Cash from operating activities	40,358,000	27,048,000	(11,525,000)
CAPEX
Cash from investing activities	16,043,000	(42,476,000)	(7,619,000)
Cash from financing activities	20,494,000	(59,645,000)	(11,238,000)
FCF	689,755,000	49,441,000	92,733,000
Balance
Cash	316,459,000	272,751,000	411,474,000
Long term investments	480,202,000	561,222,000	610,417,000
Excess cash	792,801,100	830,283,750	1,017,966,400
Stockholders' equity	219,848,000	204,838,000	210,317,000
Invested Capital	752,198,000	1,707,276,000	1,769,373,000
ROIC	3.53%	3.80%	3.72%
ROCE	4.73%	3.52%	3.64%
EV
Common stock shares outstanding	3,720,400	3,837,000	4,096,200
Price	49.22 19.21%	41.29 -13.94%	47.98 58.98%
Market cap	183,118,088 15.58%	158,429,730 -19.39%	196,535,676 57.52%
EV	(372,896,912)	(428,072,270)	(607,670,324)
EBITDA	52,227,000	74,924,000	80,059,000
EV/EBITDA
Interest	32,743,000	9,074,000	3,915,000
Interest/NOPBT	71.25%	13.33%	5.42%