Wells Fargo Income Statement - Quarterly (NYSE:WFC)

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$53.65 $0.65 (1.23%) WFC stock closing price Apr 24, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Wells Fargo stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the WFC stock is bound to reflect the impact of the QoQ growth of $690M. 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 $5.27B QoQ and 2017-Q1 revenue is $23.93B. 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. 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4
Wells Fargo Net Sales or Revenues
23.93B23.24B23.86B23.58B23.5B22.64B22.86B22.27B22.26B22.45B
Cost Of Goods Sold (COGS)537M400M356M332M307M241M232M232M258M269M
Wells Fargo Gross Profit
23.39B22.84B23.51B23.24B23.19B22.4B22.63B22.04B22B22.18B
Research & Development Expense----------
Selling General & Admin Expense14.11B13.72B13.77B13.64B13.82B13.12B12.79B12.46B12.8B12.79B
Income Before Depreciation Depletion Amortization9.28B9.12B9.73B9.6B9.37B9.28B9.84B9.59B9.19B9.38B
Depreciation Depletion Amortization289M301M299M299M293M311M311M312M312M338M
Non Operating Income----------
Interest Expense1.39B1.26B1.18B1.08B998M814M756M724M719M734M
Wells Fargo Pretax Income
7.61B7.56B8.26B8.22B8.08B8.16B8.77B8.55B8.16B8.31B
Provision for Income Taxes2.06B2.26B2.6B2.65B2.57B2.53B2.79B2.76B2.28B2.52B
Minority Interest91M30M10M15M52M48M187M67M80M83M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.55B5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Net Income (Profit/Loss)
5.46B5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B
Average Shares used to compute Diluted EPS5.07B5.08B5.09B5.12B5.14B5.18B5.19B5.22B5.24B5.28B
Average Shares used to compute Basic EPS5.01B5.03B5.04B5.07B5.08B5.11B5.13B5.15B5.16B5.19B
Income Before Nonrecurring Items5.46B5.63B5.64B5.56B5.46B5.71B5.8B5.72B5.8B5.71B
Income from Nonrecurring Items--355.46M--------
Wells Fargo Earnings Per Share Basic Net
1.010.971.041.021.001.051.061.041.061.04
Wells Fargo Earnings Per Share Diluted Net
1.000.961.031.010.991.031.051.031.041.02
EPS Diluted Before Nonrecurring Items1.001.031.031.010.991.031.051.031.041.02
Preferred Dividends Acc Pd398.31M399.17M398.86M-------
Dividends Common1901.281906.081909.12-------
Dividend Per Share Common0.380.380.380.380.380.380.380.380.350.35
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:
  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth (See: Wells Fargo revenue chart) implies that the company is growing, which has been the case with Wells Fargo. One must stay away from stocks whose revenues are declining.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $5.46B for Wells Fargo for 2017-Q1. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
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)
13.4120
PS ratio (
price sales ratio
)
2.8404
Operating margin
37.9
Net profit margin
22.7
Dividend yield
2.83%