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Wells Fargo & Company (WFC)

(Delayed Data from NYSE)

$59.93 USD

59.93
24,001,980

-0.67 (-1.11%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $59.84 -0.09 (-0.15%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value D Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (43 out of 251)

Industry: Banks - Major Regional

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Better trading starts here.

Balance Sheet

Research for WFC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Wells Fargo & Company falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 414,977 313,348 388,718 405,379 323,123
Receivables 922,076 942,886 882,904 869,121 952,714
Notes Receivable 0 0 0 0 0
Inventories 4,936 7,104 23,617 36,384 24,319
Other Current Assets 0 0 0 0 0
Total Current Assets NA NA NA NA NA
Net Property & Equipment 9,266 8,350 8,571 8,895 9,309
Investments & Advances 450,492 475,067 522,152 488,372 485,633
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 33,683 35,653 33,369 33,829 39,337
Deposits & Other Assets 97,038 98,608 88,737 113,183 93,120
Total Assets NA NA NA NA NA
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 89,559 51,145 34,409 58,999 104,512
Accounts Payable NA NA NA NA NA
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 71,210 69,056 70,957 76,404 75,163
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities NA NA NA NA NA
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 207,588 174,870 160,689 212,950 228,191
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 18,495 20,085 9,424 16,509 9,079
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities NA NA NA NA NA
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 19,448 19,448 20,057 21,136 21,549
Common Stock (Par) 9,136 9,136 9,136 9,136 9,136
Capital Surplus 60,555 60,319 60,196 60,197 61,049
Retained Earnings 201,136 187,649 180,322 162,890 166,697
Other Equity -9,872 -11,824 156 352 -1,616
Treasury Stock 92,960 82,853 79,757 67,791 68,831
Total Shareholder's Equity 187,443 181,875 190,110 185,920 187,984
Total Liabilities & Shareholder's Equity NA NA NA NA NA
Total Common Equity 167,995 162,427 170,053 164,784 166,435
Shares Outstanding 3,631.60 3,810.40 4,106.40 4,134.40 4,229.30
Book Value Per Share 46.26 42.63 41.41 39.86 39.35

Fiscal Year End for Wells Fargo & Company falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 447,722 414,977 385,402 318,690 319,776
Receivables 908,363 922,076 927,870 933,702 934,871
Notes Receivable NA 0 0 0 0
Inventories 5,473 4,936 4,308 6,029 6,199
Other Current Assets NA 0 0 0 0
Total Current Assets NA NA NA NA NA
Net Property & Equipment 9,426 9,266 8,559 8,392 8,416
Investments & Advances 456,512 450,492 449,677 474,082 482,155
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 33,421 33,683 34,700 34,520 35,123
Deposits & Other Assets 98,236 97,038 98,745 100,905 99,860
Total Assets NA NA NA NA NA
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 109,014 89,559 93,330 84,255 81,007
Accounts Payable NA NA NA NA NA
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 79,438 71,210 66,050 73,466 69,181
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA NA NA NA NA
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 187,764 207,588 190,035 170,632 173,466
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 17,116 23,463 21,431 16,897
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA NA NA NA NA
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 18,608 19,448 19,448 19,448 19,448
Common Stock (Par) 9,136 9,136 9,136 9,136 9,136
Capital Surplus 60,131 60,555 60,365 60,173 59,946
Retained Earnings 203,870 201,136 199,287 195,164 191,688
Other Equity -10,815 -9,872 -14,648 -12,109 -10,949
Treasury Stock 98,256 92,960 91,215 89,860 86,049
Total Shareholder's Equity 182,674 187,443 182,373 181,952 183,220
Total Liabilities & Shareholder's Equity NA NA NA NA NA
Total Common Equity 164,066 167,995 162,925 162,504 163,772
Shares Outstanding 3,540.40 3,631.60 3,631.60 3,658.70 3,752.20
Book Value Per Share 46.34 46.26 44.86 44.42 43.65