Diversified financial services company providing banking, investment, mortgage, and consumer and commercial finance across North America.
Profile & Fundamentals
Wells Fargo &: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Wells Fargo & Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The company's financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. In addition, it offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
Company profile record
Wells Fargo & Company
Common Stock · Financials · Diversified Banks
Company
- Company / asset
- Wells Fargo & Company
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Diversified Banks
- HQ
- 🇺🇸 United States
- Head office
- 333 Market Street, San Francisco, CA, United States, 94105
Leadership & scale
- Chief executive
- Mr. Charles W. Scharf
- CEO year born
- 1965
- Full-time employees
- 197.5K
- Fiscal year end
- December
- IPO date
- 1972-06-01
Fundamentals snapshot
- Market Cap
- USD 251.1B
- P/E
- 11.1x
- Revenue (Q2 26)
- USD 33.6B
- Profit (Q2 26)
- USD 6.4B
- Dividend Yield
- 1.6%
- Revenue (FY 25)
- USD 123.5B
- Shares in public float
- 3B
- Insider ownership
- 0.09%
Reporting & identifiers
- Symbol
- WFC.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US9497461015
- Asset ID
- equity_6ea61a87-9d2f-5892-8152-c802de2f6d23
Ownership
Shares Outstanding
Latest: 3.1B | Max: 5.0B | Min: 3.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
97.91%
3.0B latest reported shares
Insider Ownership
0.09%
Latest reported insider stake
Short Float
0.00%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 4,963,100,000 |
| 2018-01-01 | 4,700,800,000 |
| 2019-01-01 | 4,271,711,700 |
| 2020-01-01 | 4,151,300,000 |
| 2021-01-01 | 3,964,700,000 |
| 2022-01-01 | 3,832,700,000 |
| 2023-01-01 | 3,657,000,000 |
| 2024-01-01 | 3,360,700,000 |
| 2025-01-01 | 3,217,400,000 |
| 2026-01-01 | 3,080,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 260,798,584 | 8.62% | 2026-03-31 |
| Vanguard Capital Management, LLC | 200,762,402 | 6.64% | 2026-03-31 |
| FMR Inc | 161,693,928 | 5.35% | 2026-03-31 |
| State Street Corp | 135,493,574 | 4.48% | 2026-03-31 |
| JPMorgan Chase & Co | 129,208,607 | 4.27% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 97,252,108 | 3.22% | 2026-08-31 |
| Vanguard 500 Index Investor | 81,288,794 | 2.69% | 2026-08-31 |
| Capital Research Global Investors | 76,395,745 | 2.53% | 2026-06-30 |
| Geode Capital Management, LLC | 73,848,013 | 2.44% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 61,671,445 | 2.04% | 2026-03-31 |
| NORGES BANK | 55,487,578 | 1.83% | 2026-06-30 |
| Bank of America Corp | 51,973,069 | 1.72% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 51,687,402 | 1.71% | 2026-03-31 |
| iShares Core S&P 500 ETF | 40,751,051 | 1.35% | 2026-08-31 |
| State Farm Mutual Automobile Ins Co | 39,758,338 | 1.31% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The bank's financial recovery is solid and established in reported results. Trailing twelve-month net income reached 22.6 billion dollars on net revenue of 129 billion dollars, supported by recent quarterly net income exceeding 6.4 billion dollars. This earnings rebound reflects expanding loan volumes and healthy lending spreads under higher interest rates, alongside lower legal expenses. However, reported results were somewhat flattered by temporary venture-capital gains and tax benefits. The underlying recurring performance sits slightly below peak quarterly numbers. Future earnings growth will depend on keeping core lending margins stable and managing normal loan losses rather than expecting another regulatory windfall.
The bank's financial recovery is solid and established in reported results. Trailing twelve-month net income reached 22.6 billion dollars on net revenue of 129 billion dollars, supported by recent quarterly net income exceeding 6.4 billion dollars. This earnings rebound reflects expanding loan volumes and healthy lending spreads under higher interest rates, alongside lower legal expenses. However, reported results were somewhat flattered by temporary venture-capital gains and tax benefits. The underlying recurring performance sits slightly below peak quarterly numbers. Future earnings growth will depend on keeping core lending margins stable and managing normal loan losses rather than expecting another regulatory windfall.
Revenue, Net Income, and Free Cash Flow
Latest: USD 123.5B | Max: USD 125.4B | Min: USD -19.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 14x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have expanded substantially, with return on tangible common equity reaching 17.7% in mid-2026 and efficiency ratios improving to 60%. Widening spreads between loan yields and low-cost deposits, combined with strict headcount control, have driven strong operating leverage across retail and commercial units. Nevertheless, through-cycle profitability will likely settle closer to 16% as credit costs normalize from historically low charge-off rates of 0.34%. As competitive pressure forces deposit interest rates slightly higher, long-term profit margins will rely on internal operating discipline rather than endless lending spread expansion.
Profitability margins have expanded substantially, with return on tangible common equity reaching 17.7% in mid-2026 and efficiency ratios improving to 60%. Widening spreads between loan yields and low-cost deposits, combined with strict headcount control, have driven strong operating leverage across retail and commercial units. Nevertheless, through-cycle profitability will likely settle closer to 16% as credit costs normalize from historically low charge-off rates of 0.34%. As competitive pressure forces deposit interest rates slightly higher, long-term profit margins will rely on internal operating discipline rather than endless lending spread expansion.
Profitability Margins
Latest: 64.8% | Max: >100.0% | Min: 3.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
64.8%
Gross profit / revenue
Operating Margin
20.4%
Operating income / revenue
Net Margin
17.3%
Net income / revenue
FCF Margin
-15.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 94,176,000,000 | 21,938,000,000 | 1,008,000,000 |
| 2017-12-31 | 97,741,000,000 | 22,183,000,000 | 18,619,000,000 |
| 2018-12-31 | 101,060,000,000 | 22,393,000,000 | 36,073,000,000 |
| 2019-12-31 | 105,684,000,000 | 19,715,000,000 | 6,730,000,000 |
| 2020-12-31 | 82,227,000,000 | 3,377,000,000 | 2,051,000,000 |
| 2021-12-31 | 83,081,000,000 | 22,109,000,000 | -11,525,000,000 |
| 2022-12-31 | 83,442,000,000 | 13,677,000,000 | 27,048,000,000 |
| 2023-12-31 | 77,198,000,000 | 19,142,000,000 | 40,358,000,000 |
| 2024-12-31 | 125,397,000,000 | 19,722,000,000 | 3,035,000,000 |
| 2025-12-31 | 123,529,000,000 | 21,338,000,000 | -19,001,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 14.05 | Trailing four quarters |
| 2024-12-31 | 11.97 | Trailing four quarters |
| 2023-12-31 | 9.4 | Trailing four quarters |
| 2022-12-31 | 11.57 | Annual net income |
| 2021-12-31 | 8.6 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 89.72 | 34.11 | 23.29 | 1.07 |
| 2017-12-31 | 87.85 | 28.01 | 22.7 | 19.05 |
| 2018-12-31 | 83.78 | 28.24 | 22.16 | 35.69 |
| 2019-12-31 | 79.62 | 24.57 | 18.65 | 6.37 |
| 2020-12-31 | 73.13 | 3.05 | 4.11 | 2.49 |
| 2021-12-31 | 100.29 | 35.58 | 26.61 | -13.87 |
| 2022-12-31 | 87.29 | 18.73 | 16.39 | 32.42 |
| 2023-12-31 | 100 | 37.14 | 24.8 | 52.28 |
| 2024-12-31 | 62.17 | 18.63 | 15.73 | 2.42 |
| 2025-12-31 | 64.8 | 20.4 | 17.27 | -15.38 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-22.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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