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WELLS FARGO & COMPANY/MNWFC

Sector
Financial Services
Industry
National Commercial Banks
Exchange
NYSE

Stock Price $WFC

Latest filings

You are here#8 of 58 in Financials by market cap

Filing record · 2016–202610-K410-Q128-K584

WFC filed 4 annual reports (10-K), 12 quarterly reports (10-Q) and 584 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Apr ’19Apr ’19

01—Key figures

Share Class
Source: 10-KFY2019
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  4. $85.06B
YoY changeLargest recent move−2.2%in FY18Latest −1.6%

Latest bar from 10-KFY2019Click a bar to open its SEC filing

View full history →
All WFC Financial Metrics44 metrics

Income Statement9

Balance Sheet18

Cash Flow12

Per Share5

02—Overview

WELLS FARGO & COMPANY/MN Financial Overview 2021–2025

Updated Jul 10, 2026

Wells Fargo returned a massive $23 billiona to shareholders in FY2025, signaling the end of a heavily restricted operational era. Following the June removal of the Federal Reserve’s restrictive asset growth cap and the termination of multiple consent orders, the bank is aggressively shrinking its share base while structurally improving its core profitability.

The balance sheet expanded from $1.9 trillion in total assets in FY2021 to $2.1 trillionb by FY2025. Over that same period, management deployed sweeping capital return programs, reducing outstanding shares from 3.60 billion in FY2023 to 3.29 billion by FY2024, before executing another $18 billion in buybacks during FY2025 under a newly authorized $40 billion program. Operational efficiency accelerated alongside these repurchases; net income reached $21.3 billion in FY2025, driving a 17% year-over-year increase in diluted earnings per share. Consequently, return on equity expanded to 12.4% in FY2025, up from 11.4% in FY2024, supported by a 5% increase in fee-based revenue.

Investors have directly priced in this compliance and financial turnaround. As earnings per share climbed from $5.08 in FY2021 to $5.37c in FY2024, and the bank consistently hiked its dividend—including a 15% raise in FY2024 and a 13% bump in FY2025—the market rewarded the operational reset. By the close of FY2025, shares traded at $93.20, reflecting restored confidence in the bank’s capital structure and unconstrained growth trajectory.

Recent Developments (Q4 2025 and Q1 2026)

Wells Fargo capitalized on a recent stock price pullback to $81.51d in Q1 2026—an approximate 12% decline from year-end highs—by continuing its share buybacks. The bank repurchased 46,306,204 shares at prices between $82.00 and $88.26, drawing its remaining authorization down to $25.758 billion. Management also restructured its capital stack during the quarter, raising $7.5 billion in January debt markets and issuing new Series GG preferred stock carrying a 6.125% fixed reset rate.

Bulls argue the preliminary settlement of legacy mortgage and diversity litigation clears a major overhang, allowing the 205,000 employee workforce to focus entirely on operational expansion. Bears counter that ongoing agreements concerning anti-money laundering and sanctions risk management continue to operationally constrain the business. Trading at 15.2x earnings as of April 29, 2026, the stock appears attractively valued relative to its robust capital return strategy.

What to watch: final court approval for the shareholder derivative settlement; deployment of the remaining $25.758 billione share repurchase authorization.

03—Filings

Recent SEC Filings

  1. 8-KWELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Oct 13, 2026)Wells Fargo reported third quarter 2026 net income of $5.95 billion, or $1.87 per diluted share, versus $5.59 billion and $1.66 a year earlier, a 13% increase in EPS year over year. Quarter-over-quarter, net income fell 7% and EPS fell 6% from $2.00, driven by a 3% drop in total revenue to $21.9 billion as noninterest income declined 9% on lower trading, equity and venture gains. Year over year, revenue rose 2% and net interest income grew 5% to $12.5 billion, while noninterest expense fell 1% to $13.7 billion, supported by an 8% reduction in headcount. Return on average tangible common equity improved to 16.3% from 15.2% a year ago, and average loans and deposits each grew 11% year over year. Credit costs rose modestly. The provision for credit losses increased to $1.03 billion from $681 million a year earlier, and net charge-offs were $983 million, or 0.38% of average loans, up from 0.34% in the prior quarter. Credit quality metrics improved sequentially, however: nonperforming assets fell $585 million to 0.70% of total loans, driven by lower commercial real estate nonaccrual loans. Capital moved lower over the quarter. The CET1 ratio under the Standardized Approach declined to 10.0% from 10.3% in the second quarter, largely due to higher interest rates reducing accumulated other comprehensive income, and the company repurchased $2.5 billion of stock and raised its quarterly dividend to $0.50 per share. All results are preliminary and subject to final review in the Form 10-Q. Management's commentary emphasized broad-based growth across Wealth and Investment Management (revenue up 12%), Commercial Banking (up 6%), Consumer Banking and Lending (up 5%) and Corporate and Investment Banking (up 3%). Management also guided 2026 net interest income to plus or minus $50 billion, expects 4Q26 net interest income of about $13 billion, and expects 2026 noninterest expense of about $55.7 billion. Results included a $170 million discrete tax benefit, and the year-over-year comparison is aided by the absence of $296 million in severance expense in 3Q25.
  2. 8-KWELLS FARGO & COMPANY/MN 8-K Report, Exhibit Filing (Sep 24, 2026)Wells Fargo & Company/MN (WFC) filed an 8-K on September 24, 2026, primarily to disclose the issuance of new debt securities and to file related documentation. This filing concerns two tranches of Medium-Term Notes, Series Y, totaling $6 billion in aggregate principal amount. Specifically, the company issued $2.5 billion in Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2030, and $3.5 billion in Senior Redeemable Fixed-to-Floating Rate Notes due September 24, 2037. The purpose of this filing is to provide investors with the official documentation of these debt issuances. The exhibits include the forms of the notes themselves, the legal opinion from Faegre Drinker Biddle & Reath LLP regarding the validity and terms of the notes, and the consent of the legal counsel. This action is in connection with a previously filed Registration Statement on Form S-3, indicating these notes are part of a broader capital-raising strategy.
  3. 8-KWELLS FARGO & COMPANY/MN 8-K Report, Executive Changes (Sep 23, 2026)Wells Fargo & Company (WFC) has announced a significant leadership change, appointing Scott E. Powell as its new Chief Risk Officer (CRO) effective January 15, 2027. This transition marks a strategic shift for Mr. Powell, who will be stepping down from his current role as Chief Operating Officer (COO) to focus on the critical function of risk management. The appointment comes at a time when robust risk oversight is paramount for financial institutions, suggesting a proactive approach by Wells Fargo to strengthen its risk framework.
  4. 8-KWELLS FARGO & COMPANY/MN 8-K Report, Bylaw Amendment (Aug 19, 2026)Wells Fargo & Company/MN (WFC) has filed an 8-K report detailing the creation and subsequent sale of a new series of preferred stock. Specifically, the company designated and authorized 70,000 shares of "6.55% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series HH." These shares have a liquidation preference of $25,000 per share, totaling a significant potential capital raise upon full issuance. Following this designation, on August 19, 2026, WFC successfully sold 1,750,000 Depositary Shares, with each representing a fractional interest (1/25th) in a share of the Series HH Preferred Stock. This issuance is part of a broader capital-raising effort, evidenced by the accompanying Underwriting Agreement and filings related to a Registration Statement on Form S-3. Investors should note the perpetual and non-cumulative nature of this preferred stock, which carry specific risk and return profiles.
  5. 8-KWELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Jul 14, 2026)Wells Fargo reported second quarter 2026 net income of $6.4 billion, or $2.00 per diluted share, up 25% from $1.60 a year earlier, on revenue of $22.6 billion (up 9% year over year). Net interest income rose 5% to $12.3 billion and noninterest income rose 13% to $10.3 billion, while noninterest expense increased only 2% to $13.7 billion, producing positive operating leverage and an efficiency ratio of 60% versus 64% a year ago. ROTCE improved to 17.7% from 15.2%, and ROE to 15.0% from 12.8%. Credit quality improved: net charge-offs fell to $876 million (0.34% of average loans, down from 0.44%) and nonperforming assets declined $824 million quarter over quarter. Note that the quarter included a $132 million (about $0.04 per share) discrete tax benefit, and the noninterest income growth was boosted by strong venture capital gains. Balance sheet growth accelerated, with average loans up 12% year over year to $1.03 trillion and average deposits up 10% to $1.47 trillion. Management is deploying more balance sheet capacity after years of constraints. Capital remains strong, though the CET1 ratio declined to 10.3% from 11.1% a year ago, reflecting balance sheet growth, buybacks of $3.0 billion in the quarter (about $7 billion in the first half), and higher risk-weighted assets. The company also expects its third quarter dividend to rise 11% to $0.50 per share, subject to Board approval. All results are preliminary pending the Form 10-Q. For investors, the key questions are whether revenue growth from Markets, Banking and Wealth Management can persist, whether the lower-cost deposit base and credit trends hold, and how much the declining CET1 ratio constrains the pace of loan growth and buybacks. Management reaffirmed 2026 net interest income guidance of plus or minus $50 billion and noninterest expense of about $55.7 billion.
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04—See also

Related Companies

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