Wells Fargo Income Statement - Quarterly (NYSE:WFC)

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$55.25 $0.08 (0.14%) WFC stock closing price Mar 23, 2017 (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.   In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $23.86B to $23.24B and how operating and non operating activities have impacted the WFC stock. One also needs to look at Wells Fargo assets, operating expenses and Wells Fargo free cash flow. The profit and loss statement shows revenue of $23.24B for 2016-Q4. Revenue has decreased by $625M QoQ for WFC stock. View details of revenue and profits for Wells Fargo for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Wells Fargo Net Sales or Revenues
23.24B23.86B23.58B23.5B22.64B22.86B22.27B22.26B22.45B22.24B
Cost Of Goods Sold (COGS)400M356M332M307M241M232M232M258M269M273M
Wells Fargo Gross Profit
22.84B23.51B23.24B23.19B22.4B22.63B22.04B22B22.18B21.96B
Research & Development Expense----------
Selling General & Admin Expense13.72B13.77B13.64B13.82B13.12B12.79B12.46B12.8B12.79B12.27B
Income Before Depreciation Depletion Amortization9.12B9.73B9.6B9.37B9.28B9.84B9.59B9.19B9.38B9.69B
Depreciation Depletion Amortization301M299M299M293M311M311M312M312M338M342M
Non Operating Income----------
Interest Expense1.26B1.18B1.08B998M814M756M724M719M734M750M
Wells Fargo Pretax Income
7.56B8.26B8.22B8.08B8.16B8.77B8.55B8.16B8.31B8.6B
Provision for Income Taxes2.26B2.6B2.65B2.57B2.53B2.79B2.76B2.28B2.52B2.64B
Minority Interest30M10M15M52M48M187M67M80M83M226M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Net Income (Profit/Loss)
5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B
Average Shares used to compute Diluted EPS5.08B5.09B5.12B5.14B5.18B5.19B5.22B5.24B5.28B5.31B
Average Shares used to compute Basic EPS5.03B5.04B5.07B5.08B5.11B5.13B5.15B5.16B5.19B5.23B
Income Before Nonrecurring Items5.63B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B
Income from Nonrecurring Items-355.46M---------
Wells Fargo Earnings Per Share Basic Net
0.971.041.021.001.051.061.041.061.041.04
Wells Fargo Earnings Per Share Diluted Net
0.961.031.010.991.031.051.031.041.021.02
EPS Diluted Before Nonrecurring Items1.031.031.010.991.031.051.031.041.021.02
Preferred Dividends Acc Pd399.17M398.86M--------
Dividends Common1906.081909.12--------
Dividend Per Share Common0.380.380.380.380.380.380.380.350.350.35
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Wells Fargo stock analysis. An investor must check the following items in an income statement:
  • Topline: A growing topline, as seen from the Wells Fargo revenue chart, as is not the case with Wells Fargo indicates a sagging 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 word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. WFC stock had a poor bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Wells Fargo historical stock prices to check how the price has moved with time. .

Wells Fargo Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
13.8470
PS ratio (
price sales ratio
)
2.9484
Operating margin
37.9
Net profit margin
22.7
Dividend yield
2.75%