Wells Fargo & Co.
WFC
Market Cap$179.65B
Close$
Earnings Call Q2 2024
July 12, 2024 - AI Summary
Wells Fargo reported second quarter net income of $4.9 billion, or $1.33 per diluted common share, reflecting solid performance in fee-based businesses and offsetting the expected decline in net interest income.
The bank saw strong growth in fee-based revenue across most categories, driven by investments in its businesses and favorable market conditions, particularly in investment advisory, trading activities, and investment banking.
Credit performance was consistent with expectations, with improvements seen in the consumer auto portfolio and net recoveries in the home lending portfolio. However, losses in the credit card portfolio increased as anticipated.
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$44.13
16.4% downside
Current Fair Value
16.4% downsideOvervalued by 16.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $179.65 Billion |
|---|---|
| Enterprise Value | $775.59 Billion |
| Dividend Yield | $1.6 (2.75%) |
| Earnings per Share | $4.88 |
| Beta | 1.16 |
| Outstanding Shares | 3,403,770,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 10.03 |
|---|---|
| PEG | -166.13 |
| Price to Sales | 2.2 |
| Price to Book Ratio | 1.02 |
| Enterprise Value to Revenue | 9.36 |
| Enterprise Value to EBIT | 35.16 |
| Enterprise Value to Net Income | 41 |
| Total Debt to Enterprise | 0.38 |
| Debt to Equity | 1.69 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Wells Fargo & Co.
258,700 employees
CEO: Charles Scharf Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. It provides a diver...