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Wells Fargo

SNSE:WFC
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WFC
SNSE
$228B
Market Cap
  1. Home
  2. CL
  3. Banks
Company description

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The last earnings update was 18 days ago. More info.


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WFC Share Price and Events
7 Day Returns
0%
SNSE:WFC
6.3%
CL Banks
4.4%
CL Market
1 Year Returns
-13.7%
SNSE:WFC
-7.8%
CL Banks
-10%
CL Market
WFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wells Fargo (WFC) 0% 0% 8.7% -13.7% -4% -4%
CL Banks 6.3% -7.8% -6.9% -7.8% 29.5% 48.3%
CL Market 4.4% -7.3% -1.8% -10% 5.4% 1.1%
1 Year Return vs Industry and Market
  • WFC underperformed the Banks industry which returned -7.8% over the past year.
  • WFC underperformed the Market in Chile which returned -10% over the past year.
Price Volatility
WFC
Industry
5yr Volatility vs Market

WFC Value

 Is Wells Fargo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wells Fargo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wells Fargo.

SNSE:WFC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 19 analysts.
= Stable Book Value * Return on Equity
= $41.94 * 11%
$4.61
Book Value of Equity per Share Weighted future Book Value estimates from 16 analysts. $41.94
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year CL Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SNSE:WFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CL Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.616 (1 + (1- 21%) (161.96%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for SNSE:WFC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Wells Fargo is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SNSE:WFC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11% – 10.28%) * $41.94)
$0.30
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.30 / (10.28% - 2.73%)
$3.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $41.94 + $3.98
$45.92
SNSE:WFC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SNSE:WFC represents 0.91778x of NYSE:WFC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91778x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 45.92 x 0.91778
$42.15
Value per share (USD) From above. $42.15
Current discount Discount to share price of $49.56
= -1 x ($49.56 - $42.15) / $42.15
-17.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Wells Fargo is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wells Fargo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wells Fargo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SNSE:WFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $4.68
NYSE:WFC Share Price ** NYSE (2019-11-18) in USD $54
Chile Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 15.55x
Chile Market PE Ratio Median Figure of 133 Publicly-Listed Companies 13.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wells Fargo.

SNSE:WFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WFC Share Price ÷ EPS (both in USD)

= 54 ÷ 4.68

11.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo is good value based on earnings compared to the CL Banks industry average.
  • Wells Fargo is good value based on earnings compared to the Chile market.
Price based on expected Growth
Does Wells Fargo's expected growth come at a high price?
Raw Data
SNSE:WFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
-4.9%per year
South America Banks Industry PEG Ratio Median Figure of 23 Publicly-Listed Banks Companies 0.95x
Chile Market PEG Ratio Median Figure of 29 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

SNSE:WFC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.54x ÷ -4.9%

-2.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wells Fargo's assets?
Raw Data
SNSE:WFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $40.50
NYSE:WFC Share Price * NYSE (2019-11-18) in USD $54
Chile Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.71x
Chile Market PB Ratio Median Figure of 161 Publicly-Listed Companies 1.03x
SNSE:WFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WFC Share Price ÷ Book Value per Share (both in USD)

= 54 ÷ 40.50

1.33x

* Primary Listing of Wells Fargo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo is good value based on assets compared to the CL Banks industry average.
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Value checks
We assess Wells Fargo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Wells Fargo has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WFC Future Performance

 How is Wells Fargo expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wells Fargo expected to grow at an attractive rate?
  • Wells Fargo's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Wells Fargo's earnings are expected to decrease over the next 1-3 years, this is below the Chile market average.
  • Wells Fargo's revenues are expected to decrease over the next 1-3 years, this is below the Chile market average.
Annual Growth Rates Comparison
Raw Data
SNSE:WFC Future Growth Rates Data Sources
Data Point Source Value (per year)
SNSE:WFC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts -4.9%
SNSE:WFC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -2.2%
Chile Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
South America Banks Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Chile Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Chile Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SNSE:WFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SNSE:WFC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 81,183 18,293 9
2020-12-31 80,134 17,822 15
2019-12-31 84,415 20,024 14
2019-11-19
SNSE:WFC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 83,651 9,341 21,103
2019-06-30 83,697 28,974 22,519
2019-03-31 83,717 28,794 21,463
2018-12-31 84,696 36,073 20,689
2018-09-30 85,732 21,314 20,718
2018-06-30 85,503 24,188 19,396
2018-03-31 86,082 20,711 20,054
2017-12-31 85,989 18,619 20,554
2017-09-30 85,283 23,108 19,686
2017-06-30 85,674 11,179 20,798
2017-03-31 85,082 8,170 20,521
2016-12-31 84,541 1,008 20,373

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wells Fargo's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Wells Fargo's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SNSE:WFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Wells Fargo Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:WFC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 5.25 5.25 5.25 1.00
2021-12-31 4.75 5.58 4.37 18.00
2020-12-31 4.35 4.95 4.00 25.00
2019-12-31 4.52 4.65 4.40 21.00
2019-11-19
SNSE:WFC Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 4.68
2019-06-30 4.88
2019-03-31 4.55
2018-12-31 4.31
2018-09-30 4.26
2018-06-30 3.96
2018-03-31 4.06
2017-12-31 4.14
2017-09-30 3.94
2017-06-30 4.15
2017-03-31 4.07
2016-12-31 4.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wells Fargo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wells Fargo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Chile market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wells Fargo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WFC Past Performance

  How has Wells Fargo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wells Fargo's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wells Fargo's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wells Fargo's 1-year earnings growth exceeds its 5-year average (1.9% vs -0.8%)
  • Wells Fargo's earnings growth has not exceeded the CL Banks industry average in the past year (1.9% vs 14.8%).
Earnings and Revenue History
Wells Fargo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wells Fargo Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SNSE:WFC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 83,651.00 21,103.00 41,733.00
2019-06-30 83,697.00 22,519.00 41,402.00
2019-03-31 83,717.00 21,463.00 41,158.00
2018-12-31 84,696.00 20,689.00 40,547.00
2018-09-30 85,732.00 20,718.00 41,054.00
2018-06-30 85,503.00 19,396.00 40,814.00
2018-03-31 86,082.00 20,054.00 40,201.00
2017-12-31 85,989.00 20,554.00 40,422.00
2017-09-30 85,283.00 19,686.00 40,844.00
2017-06-30 85,674.00 20,798.00 40,226.00
2017-03-31 85,082.00 20,521.00 39,444.00
2016-12-31 84,541.00 20,373.00 38,826.00
2016-09-30 84,550.00 20,704.00 37,304.00
2016-06-30 84,199.00 20,904.00 36,793.00
2016-03-31 84,129.00 21,094.00 36,641.00
2015-12-31 83,690.00 21,470.00 36,514.00
2015-09-30 83,846.00 21,649.00 36,115.00
2015-06-30 83,519.00 21,614.00 36,104.00
2015-03-31 83,350.00 21,675.00 35,987.00
2014-12-31 82,980.00 21,821.00 35,493.00
2014-09-30 82,296.00 21,808.00 34,524.00
2014-06-30 81,854.00 21,717.00 34,648.00
2014-03-31 81,731.00 21,565.00 34,708.00
2013-12-31 81,456.00 20,889.00 35,625.00
2013-09-30 81,256.00 20,377.00 35,426.00
2013-06-30 80,475.00 19,777.00 35,044.00
2013-03-31 79,238.00 18,908.00 34,602.00
2012-12-31 78,839.00 17,999.00 34,416.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wells Fargo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wells Fargo used its assets more efficiently than the CL Banks industry average last year based on Return on Assets.
  • Unable to establish if Wells Fargo improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Wells Fargo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wells Fargo has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WFC Health

 How is Wells Fargo's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Wells Fargo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wells Fargo Company Filings, last reported 1 month ago.

SNSE:WFC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 194,416.00 364,472.00 370,011.00
2019-06-30 200,037.00 365,184.00 383,243.00
2019-03-31 198,733.00 350,295.00 350,138.00
2018-12-31 197,066.00 343,294.00 353,702.00
2018-09-30 199,679.00 335,323.00 346,131.00
2018-06-30 206,069.00 332,249.00 343,312.00
2018-03-31 205,910.00 332,392.00 372,605.00
2017-12-31 208,079.00 337,033.00 395,828.00
2017-09-30 206,824.00 342,162.00 391,994.00
2017-06-30 206,145.00 345,854.00 380,515.00
2017-03-31 202,489.00 363,800.00 408,680.00
2016-12-31 200,497.00 366,343.00 368,510.00
2016-09-30 203,958.00 393,098.00 397,114.00
2016-06-30 202,661.00 379,660.00 398,766.00
2016-03-31 198,504.00 350,775.00 394,236.00
2015-12-31 193,891.00 310,976.00 357,219.00
2015-09-30 194,043.00 288,730.00 348,375.00
2015-06-30 190,676.00 277,402.00 332,472.00
2015-03-31 189,964.00 279,414.00 394,226.00
2014-12-31 185,262.00 266,190.00 346,719.00
2014-09-30 182,990.00 255,014.00 349,455.00
2014-06-30 181,549.00 237,951.00 328,821.00
2014-03-31 176,469.00 220,103.00 304,343.00
2013-12-31 171,008.00 206,881.00 296,525.00
2013-09-30 168,813.00 213,701.00 259,688.00
2013-06-30 163,777.00 192,289.00 224,299.00
2013-03-31 163,395.00 194,551.00 232,079.00
2012-12-31 158,911.00 196,484.00 206,534.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Wells Fargo has an acceptable proportion of non-loan assets held.
  • Wells Fargo's liabilities are made up of primarily low risk sources of funding.
  • Loans at Wells Fargo are broadly funded by customer deposits.
  • Wells Fargo's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Wells Fargo has a sufficient allowance for bad loans.
  • Wells Fargo has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Wells Fargo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wells Fargo has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WFC Dividends

 What is Wells Fargo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.78%
Current annual income from Wells Fargo dividends. Estimated to be 3.8% next year.
If you bought $2,000 of Wells Fargo shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wells Fargo's pays a higher dividend yield than the bottom 25% of dividend payers in Chile (2.11%).
  • Wells Fargo's dividend is below the markets top 25% of dividend payers in Chile (5.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SNSE:WFC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Chile Banks Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.1%
Chile Market Average Dividend Yield Market Cap Weighted Average of 133 Stocks 4%
Chile Minimum Threshold Dividend Yield 10th Percentile 0.9%
Chile Bottom 25% Dividend Yield 25th Percentile 2.1%
Chile Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SNSE:WFC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 2.19 17.00
2020-12-31 2.08 24.00
2019-12-31 1.92 23.00
2019-11-19
SNSE:WFC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-22 2.040 3.870
2019-07-23 2.040 4.284
2019-07-16 2.040 4.435
2019-04-23 1.800 3.870
2019-01-22 1.800 3.667
2018-10-23 1.720 3.447
2018-07-24 1.720 3.070
2018-07-13 1.720 3.028
2018-04-24 1.560 2.868
2018-01-23 1.560 2.770
2017-10-24 1.560 2.676
2017-07-27 1.560 2.942
2017-04-25 1.520 2.819
2017-01-24 1.520 2.697
2016-10-25 1.520 2.896
2016-07-26 1.520 3.232
2016-04-26 1.520 3.134
2016-01-26 1.500 3.083
2015-10-27 1.500 2.803
2015-07-28 1.500 2.799
2015-04-28 1.500 2.653
2015-04-14 1.500 2.745
2015-01-27 1.400 2.569
2014-10-28 1.400 2.613
2014-07-22 1.400 2.741
2014-04-29 1.400 2.744
2014-04-11 1.400 2.859
2014-01-28 1.200 2.544
2013-10-22 1.200 2.712
2013-07-23 1.200 2.832
2013-03-15 1.200 3.049
2013-01-24 1.000 2.816
2012-10-23 0.980 2.906
2012-07-24 0.980 2.848
2012-04-24 0.980 3.009
2012-01-24 0.580 1.817
2011-10-25 0.480 1.805
2011-07-26 0.480 1.919
2011-04-20 0.480 1.723
2011-01-25 0.200 0.625
2010-10-26 0.200 0.684
2010-07-27 0.200 0.778
2010-04-27 0.200 0.700
2010-01-26 0.200 0.675
2009-10-27 0.200 0.729
2009-07-28 0.200 0.718
2009-04-28 0.200 0.827
2009-01-28 1.360 9.158

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wells Fargo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Wells Fargo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wells Fargo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wells Fargo has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WFC Management

 What is the CEO of Wells Fargo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charlie Scharf
AGE 54
TENURE AS CEO 0.1 years
CEO Bio

Mr. Charles W. Scharf, also known as Charlie, has been the Chief Executive Officer, President and Director of Wells Fargo & Company since October 21, 2019. Mr. Scharf has been a Director of Visa International Service Association since October 2007. He served as Chief Executive Officer and Director of The Bank of New York Mellon Corporation since July 17, 2017 until September 27, 2019 and its Chairman since January 1, 2018 until September 27, 2019. He is the Chairman at The Bank of New York Mellon and BNY Mellon, National Association since January 1, 2018 and its President since July 17, 2017. Mr. Scharf served as the Chief Executive Officer of Visa Inc. from October 2012 to December 1, 2016. Before joining Visa, Mr. Scharf served as the Managing Director and Partner of One Equity Partners LLC (OEP Capital Advisors, L.P.) from 2011 to 2012. With over 24 years in leadership roles in the banking and payments industries, he has demonstrated a strong track record in strategic leadership and execution. This has included initiating and leading change, strengthening operational risk and compliance and innovating in a rapidly evolving digital landscape. He has financial and business acumen. Mr. Scharf served as the Head of Retail Financial Services at JPMorgan Chase & Co. since May, 2002. He served as the Chief Executive Officer of Retail Financial Services at JPMorgan Chase & Co. from 2004 to June 2011. He served as Regional Director at USA Region of Visa, Inc. from October 2007 to January 27, 2011. Mr. Scharf served as Head of Retail Bank for JPMorgan Chase & Co., since May 2002. He served as the Chief Financial Officer/Executive Vice President of Banc One Corporation from June 12, 2000 to 2002, Chief Executive Officer of Retail Banking from May 2002 to July 2004 and also served as its President of Retail Banking. He served as Chief Financial Officer of Retail Banking of Bank One Corp. from 2000 to 2002. Mr. Scharf served as an Executive Vice President of Bank One Corporation since June 12, 2000. He helped in rebuilding the brand, expand the branch and ATM network and develop senior talent. He served as Chief Financial Officer at Citigroup Global Markets Limited. He served as Chief Financial Officer of the Global Corporate and Investment Bank of Citigroup from 1999 to 2000. Since 1995, Mr. Scharf served as Vice President and Chief Financial Officer of Smith Barney Holdings Inc after serving in a number of senior finance roles at Travelers companies, including Smith Barney, Primerica and Commercial Credit Corporation. He served as Chief Financial Officer of Salomon Smith Barney Inc. from 1997 to 1999 and its predecessor company from 1995 to 1999. He served as the Chief Financial Officer of Smith Barney (now Citigroup Global Markets Holdings Inc.) from 1995 to 1997. He served as Chief Financial Officer of The Travelers Companies, Inc. (formerly, Travelers Property Casualty Corp.). Mr. Scharf also held various financial positions with Travelers from 1987 to 1995. He serves as the Chairman of the New York City Ballet. He has been an Independent Director of Microsoft Corporation since October 1, 2014. He served as a Director of Visa Inc. from October 2012 to December 1, 2016 and previously served as its Director from October 2007 to January 27, 2011. He served as Member of Supervisory Board of SMARTRAC N.V from June 19, 2012 to October 22, 2012. He previously served as a Director of Visa U.S.A. Inc. from October 2007 to January 2011 and again served as its Director since October 2012. He served as a Director of The St. Paul Companies Inc. from September 2002 to September 2005. He served as a Director of The Travelers Companies, Inc. from April 1, 2004 to September 2005. He is a Member of the Financial Services Roundtable and the Economic Club of Chicago as well as a Director of The Lyric Opera and Looking glass Theater. He is on the Board of Trustees for Johns Hopkins University. Mr. Scharf holds a Master of Business Administration degree from New York University and a Bachelor of Arts degree from The John Hopkins University.

CEO Compensation
  • Insufficient data for Charlie to compare compensation growth.
  • Insufficient data for Charlie to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Wells Fargo management team in years:

3.5
Average Tenure
56
Average Age
  • The tenure for the Wells Fargo management team is about average.
Management Team

John Shrewsberry

TITLE
Senior EVP & CFO
COMPENSATION
$13M
AGE
53
TENURE
5.5 yrs

Avid Modjtabai

TITLE
Head of Payments
COMPENSATION
$10M
AGE
57
TENURE
12.6 yrs

Perry Pelos

TITLE
Head of Wholesale Banking
COMPENSATION
$9M
AGE
55
TENURE
10.8 yrs

Mary Mack

TITLE
Head of Consumer Banking
COMPENSATION
$9M
AGE
56
TENURE
2.8 yrs

Charlie Scharf

TITLE
President
AGE
54
TENURE
0.1 yrs

David Pope

TITLE
Chief Operating Office
TENURE
0.4 yrs

Rich Levy

TITLE
Executive VP
AGE
61

Debra Chrapaty

TITLE
Chief Technology Officer
AGE
58
TENURE
0.4 yrs

Hope Hardison

TITLE
Chief Administrative Officer
AGE
54
TENURE
4.3 yrs

John Campbell

TITLE
Head of Investor Relations
AGE
85
Board of Directors Tenure

Average tenure and age of the Wells Fargo board of directors in years:

2.8
Average Tenure
64.5
Average Age
  • The average tenure for the Wells Fargo board of directors is less than 3 years, this suggests a new board.
Board of Directors

Betsy Duke

TITLE
Independent Chairman of the Board
COMPENSATION
$631K
AGE
66
TENURE
1.8 yrs

Charlie Scharf

TITLE
President
AGE
54
TENURE
0.1 yrs

Henry Jordan

TITLE
Chairman & CEO of Wells Fargo Capital Finance
AGE
63

Don James

TITLE
Independent Director
COMPENSATION
$358K
AGE
70
TENURE
10.8 yrs

John Baker

TITLE
Independent Director
COMPENSATION
$350K
AGE
70
TENURE
10.8 yrs

Jim Quigley

TITLE
Independent Director
COMPENSATION
$417K
AGE
67
TENURE
6.1 yrs

Zan Vautrinot

TITLE
Independent Director
COMPENSATION
$348K
AGE
59
TENURE
4.8 yrs

Ron Sargent

TITLE
Independent Director
COMPENSATION
$359K
AGE
63
TENURE
2.8 yrs

Ted Craver

TITLE
Independent Director
COMPENSATION
$404K
AGE
67
TENURE
1.8 yrs

Maria Morris

TITLE
Independent Director
COMPENSATION
$413K
AGE
56
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Sell Petros Pelos Individual 13. May 19 13. May 19 -28,304 $46.51 $-1,316,419
X
Management checks
We assess Wells Fargo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wells Fargo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WFC News

Simply Wall St News

WFC Company Info

Description

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services. As of February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Details
Name: Wells Fargo & Company
WFC
Exchange: SNSE
Founded: 1852
$228,385,396,962
4,229,359,203
Website: http://www.wellsfargo.com
Address: Wells Fargo & Company
420 Montgomery Street,
San Francisco,
California, 94163,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WFC Common Stock New York Stock Exchange US USD 02. Jan 1968
DB NWT Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA NWT Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0R2F Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX WFC Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG WFC Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
SNSE WFC Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BMV WFC * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
NYSE WFC.PRN DEP SHS REPSTG 1 New York Stock Exchange US USD 13. Aug 2012
NYSE WFC.PRO DEP1/1000PF CL A New York Stock Exchange US USD 15. Nov 2012
NYSE WFC.PRP DEP1/1000PF CL A New York Stock Exchange US USD 19. Mar 2013
NYSE WFC.PRQ DEP SHS 1/1000 A New York Stock Exchange US USD 16. Jul 2013
NYSE WFC.PRR DEP 1/1000 PFD A New York Stock Exchange US USD 13. Dec 2013
NYSE WFC.PRT DEP SHS 1/1000 T New York Stock Exchange US USD 17. Jul 2014
NYSE WFC.PRV DEP PFD V 1/1000 New York Stock Exchange US USD 10. Sep 2015
NYSE WFC.PRW PFD SER W CL A New York Stock Exchange US USD 21. Jan 2016
NYSE WFC.PRX PFD SER X CL A New York Stock Exchange US USD 10. Jun 2016
NYSE WFC.PRY 5.625 DP SH PF Y New York Stock Exchange US USD 18. Apr 2017
NYSE WFC.PRL PERP PFD CNV A New York Stock Exchange US USD 15. Apr 2008
BOVESPA WFCO34 BDR EACH REPR 1 COM SH Bolsa de Valores de Sao Paulo BR BRL 03. Jan 2012
BASE WFC CEDEAR EACH 5 REP 1 COM USD1.666666 Buenos Aires Stock Exchange AR ARS 26. Jul 2001
DB NWT2 7.98%-FR PERP PRF CL 'A' SRS K USD1000 Deutsche Boerse AG DE USD 08. Jan 2009
Number of employees
Current staff
Staff numbers
261,400
Wells Fargo employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 18:08
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.