Wells Fargo Income Statement - Quarterly (NYSE:WFC)

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$54.35 $0.77 (1.44%) WFC stock closing price Dec 05, 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 gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $23.58B to $23.86B 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 $23.86B for 2016-Q3. Revenue has grown by $288M 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-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
23.86B23.58B23.5B22.64B22.86B22.27B22.26B22.45B22.24B22.07B
Cost Of Goods Sold (COGS)356M332M307M241M232M232M258M269M273M275M
Wells Fargo Gross Profit
23.51B23.24B23.19B22.4B22.63B22.04B22B22.18B21.96B21.79B
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
8.26B8.22B8.08B8.16B8.77B8.55B8.16B8.31B8.6B8.66B
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 Operations5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B5.73B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Net Income (Profit/Loss)
5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B5.73B5.73B
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
1.041.021.001.051.061.041.061.041.041.02
Wells Fargo Earnings Per Share Diluted Net
1.031.010.991.031.051.031.041.021.021.01
EPS Diluted Before Nonrecurring Items1.031.010.991.031.051.031.041.021.021.01
Preferred Dividends Acc Pd398.86M389.76M--------
Dividends Common1909.121918.43--------
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.
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The key things to look for in an income statement while doing Wells Fargo stock analysis are:
  • 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: Most businesses like Wells Fargo try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
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)
13.3870
PS ratio (
price sales ratio
)
2.9292
Operating margin
39.5
Net profit margin
23.7
Dividend yield
2.8%