Wells Fargo Income Statement - Quarterly (NYSE:WFC)

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$55.06 $0.79 (1.46%) WFC stock closing price Jul 25, 2017 (Closing)

Financial analysis of Wells Fargo involves more than just checking the Wells Fargo stock price, by looking at the financial statements of the company in detail. The key financial statements of a company are the income statement, the balance sheet and the cash flow 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 $473M. 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 $5.46B QoQ and 2017-Q2 revenue is $24.4B. 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-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1
Wells Fargo Net Sales or Revenues
24.4B23.93B23.24B23.86B23.58B23.5B22.64B22.86B22.27B22.26B
Cost Of Goods Sold (COGS)683M537M400M356M332M307M241M232M232M258M
Wells Fargo Gross Profit
23.72B23.39B22.84B23.51B23.24B23.19B22.4B22.63B22.04B22B
Research & Development Expense----------
Selling General & Admin Expense13.81B14.11B13.72B13.77B13.64B13.82B13.12B12.79B12.46B12.8B
Income Before Depreciation Depletion Amortization9.91B9.28B9.12B9.73B9.6B9.37B9.28B9.84B9.59B9.19B
Depreciation Depletion Amortization287M289M301M299M299M293M311M311M312M312M
Non Operating Income----------
Interest Expense1.55B1.39B1.26B1.18B1.08B998M814M756M724M719M
Wells Fargo Pretax Income
8.07B7.61B7.56B8.26B8.22B8.08B8.16B8.77B8.55B8.16B
Provision for Income Taxes2.23B2.06B2.26B2.6B2.65B2.57B2.53B2.79B2.76B2.28B
Minority Interest38M91M30M10M15M52M48M187M67M80M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.85B5.46B5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B
Extraordinary Items & Discontinued Operations----------
Wells Fargo Net Income (Profit/Loss)
5.81B5.46B5.27B5.64B5.56B5.46B5.71B5.8B5.72B5.8B
Average Shares used to compute Diluted EPS5.04B5.07B5.08B5.09B5.12B5.14B5.18B5.19B5.22B5.24B
Average Shares used to compute Basic EPS4.99B5.01B5.03B5.04B5.07B5.08B5.11B5.13B5.15B5.16B
Income Before Nonrecurring Items5.81B5.46B5.63B5.64B5.56B5.46B5.71B5.8B5.72B5.8B
Income from Nonrecurring Items---355.46M-------
Wells Fargo Earnings Per Share Basic Net
1.081.010.971.041.021.001.051.061.041.06
Wells Fargo Earnings Per Share Diluted Net
1.071.000.961.031.010.991.031.051.031.04
EPS Diluted Before Nonrecurring Items1.071.001.031.031.010.991.031.051.031.04
Preferred Dividends Acc Pd420.91M398.31M399.17M-------
Dividends Common1898.981898.751906.08-------
Dividend Per Share Common0.380.380.380.380.380.380.380.380.380.35
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Wells Fargo stock analysis. It helps to look at the following income statement items:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that WFC stock has a topline or revenue of $24.4B for 2017-Q2 as per this Wells Fargo revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $24.4B - other expenses = $5.81B for WFC stock. An improving bottomline implies that the company is growing profits.
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)
13.5620
PS ratio (
price sales ratio
)
2.8790
Operating margin
37.6
Net profit margin
22.8
Dividend yield
2.76%