Wells Fargo Revenue, Profits - WFC Quarterly Income Statement

Add to My Stocks
$58.86 $0.2 (0.34%) WFC stock closing price Aug 17, 2018 (Closing)

Fundamental analysis of WFC stock involves analyzing its financial statements, apart from checking 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. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 25.04B to 25.03B and how operating and non operating activities have impacted the WFC stock. The Wells Fargo profit and loss statement for 2018 Q2 shows a net profit of $5.19B. Profits for last year was $5.94B. Apart from this an investor should also check Wells Fargo assets and Wells Fargo free cash flow.

View and download details of revenue and profits for Wells Fargo for latest & last 40 quarters.
show more
Quarterly
Annual
View Previous Quarters
View Next Quarters
Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Wells Fargo Revenues or Net Sales
25.03B25.04B24.7B24.51B24.4B23.93B23.24B23.86B23.58B23.5B
Cost Of Goods Sold (COGS)1.27B1.09B923M870M683M537M400M356M332M307M
Wells Fargo Gross Profit
23.76B23.95B23.98B23.64B23.72B23.39B22.84B23.51B23.24B23.19B
Research & Development Expense----------
Selling General & Admin Expense14.17B14.97B17.16B14.78B13.81B14.11B13.72B13.77B13.64B13.82B
Income Before Depreciation Depletion Amortization9.59B8.99B6.82B8.86B9.91B9.28B9.12B9.73B9.6B9.37B
Depreciation Depletion Amortization265M265M288M288M287M289M301M299M299M293M
Non Operating Income----------
Interest Expense2.21B2.02B1.69B1.71B1.55B1.39B1.26B1.18B1.08B998M
Wells Fargo Pretax Income
7.12B6.7B4.84B6.86B8.07B7.61B7.56B8.26B8.22B8.08B
Provision for Income Taxes1.81B1.37B-1.57B2.2B2.23B2.06B2.26B2.6B2.65B2.57B
MinorityInterest123M191M90M58M38M91M30M10M15M52M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.31B5.94B6.15B4.6B5.81B5.46B5.27B5.64B5.56B5.46B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Profit/ Loss (Net Income)
5.19B5.94B6.15B4.6B5.81B5.46B5.27B5.64B5.56B5.46B
Average Shares used to compute Diluted EPS4.9B4.93B4.96B5B5.04B5.07B5.08B5.09B5.12B5.14B
Average Shares used to compute Basic EPS4.87B4.89B4.91B4.95B4.99B5.01B5.03B5.04B5.07B5.08B
Income Before Nonrecurring Items5.67B5.94B5.21B5.6B5.81B5.46B5.63B5.64B5.56B5.46B
Income from Nonrecurring Items-481M-942.99M-999.36M---355.46M---
Wells Fargo Earnings Per Share Basic Net
0.981.131.170.851.081.010.971.041.021.00
Wells Fargo Earnings Per Share Diluted Net
0.981.121.160.841.071.000.961.031.010.99
EPS Diluted Before Nonrecurring Items1.081.120.971.041.071.001.031.031.010.99
Preferred Dividends Acc Pd417.52M415.16M403.38M-------
Dividends Common1902.321902.321907.49-------
Dividend Per Share Common0.390.390.390.390.380.380.380.380.380.38
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Quarters
View Next Quarters

Before investing one should read a report on Wells Fargo stock analysis. It helps to look at the following income statement items:

  • Topline: A growing topline, as seen from the Wells Fargo revenue chart, as isn't the case with Wells Fargo indicates a sagging business. One needs to compare the QoQ topline or sales 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 from a company in that industry.
  • Bottom line: Most businesses like Wells Fargo try to grow their profits 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 WFC financials along with Wells Fargo historical stock prices provide a lot of details about the firm.

Wells Fargo Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
14.31
PS Ratio (price sales ratio)
2.88
Operating Margin
37.3
Net Profit Margin
20.7
Dividend Yield
2.66%