In 2023, Wells Fargo generated $19.1 billion in net income, or $4.83 per diluted common share. We grew net income and diluted earnings per share from a year ago, with higher revenue and lower expenses. Our revenue increased 11% from the previous year.

Wells Fargo annual gross profit for 2024 was $82.296B, a 0.36% decline from 2023. Wells Fargo annual gross profit for 2023 was $82.597B, a 11.07% increase from 2022.

View our current and previous years' annual reports and proxy statements.

Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company's ability to generate capital to cover credit losses through a credit cycle.

Sep 30, 2024 · Our revenue sources are more diverse and fee-based revenue grew 16% during the first nine months of the year, largely offsetting net interest income headwinds.

Jan 15, 2025 · On Wednesday, Wells Fargo & Company (NYSE:WFC) reported a net income of $5.08 billion, up 47% year over year in the fourth quarter of 2024. The bank reported GAAP EPS of $1.43, beating the...

Jan 15, 2025 · Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.

Jan 15, 2025 · The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.

Current and historical gross margin, operating margin and net profit margin for Wells Fargo (WFC) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses.

See tables on pages 26-27 of the 1Q24 Quarterly Supplement for more information on CET1. CET1 for March 31, 2024, is a preliminary estimate. Return on equity (ROE) represents Wells …