Wells Fargo Income Statement - Quarterly (NYSE:WFC)

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$45.09 $0.16 (0.36%) WFC stock closing price Oct 21, 2016 (Closing)

Looking at financial statements, along with the Wells Fargo stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the WFC income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a QoQ revenue growth of $288M when compared to the same period in the past. Along with Wells Fargo assets and Wells Fargo free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $5.56B QoQ and 2016-Q3 revenue is $23.86B. View details of revenue and profits for Wells Fargo for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Wells Fargo Net Sales or Revenues
Cost Of Goods Sold (COGS)356M332M307M241M232M232M258M269M273M275M
Wells Fargo Gross Profit
Research & Development Expense----------
Selling General & Admin Expense13.77B13.64B13.82B13.12B12.79B12.46B12.8B12.79B12.27B12.06B
Income Before Depreciation Depletion Amortization9.73B9.6B9.37B9.28B9.84B9.59B9.19B9.38B9.69B9.73B
Depreciation Depletion Amortization299M299M293M311M311M312M312M338M342M349M
Non Operating Income----------
Interest Expense1.18B1.08B998M814M756M724M719M734M750M727M
Wells Fargo Pretax Income
Provision for Income Taxes2.6B2.65B2.57B2.53B2.79B2.76B2.28B2.52B2.64B2.87B
Minority Interest10M15M52M48M187M67M80M83M226M60M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.65B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B5.73B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS5.09B5.12B5.14B5.18B5.19B5.22B5.24B5.28B5.31B5.35B
Average Shares used to compute Basic EPS5.04B5.07B5.08B5.11B5.13B5.15B5.16B5.19B5.23B5.27B
Income Before Nonrecurring Items5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B5.73B
Income from Nonrecurring Items----------
Wells Fargo Earnings Per Share Basic Net
Wells Fargo Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.031.010.991.
Preferred Dividends Acc Pd398.86M389.76M--------
Dividends Common1917.311918.43--------
Dividend Per Share Common0.380.380.380.380.380.380.350.350.350.35
All figures in USD. M: Millions of USD, B: Billions of USD.

Wells Fargo stock analysis involves checking at least a few of the important things like:
  • Topline: A growing topline, as seen from the Wells Fargo revenue chart, as is the case with Wells Fargo indicates a growing business. One needs to compare the QoQ or YoY topline growth of WFC stock with its peers like JPM stock and BAC stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $23.86B - other expenses = $5.64B for WFC stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Wells Fargo historical stock prices provides a lot of details about the firm. .

Wells Fargo Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield