Wells Fargo (Wells Fargo) Credit Losses Provision

: $5,130 Mil (As of Dec. 2023)

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Wells Fargo's credit losses provision for the three months ended in Dec. 2023 was $1,282 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $5,130 Mil.

Wells Fargo's quarterly credit losses provision declined from Jun. 2023 ($1,713 Mil) to Sep. 2023 ($1,197 Mil) but then increased from Sep. 2023 ($1,197 Mil) to Dec. 2023 ($1,282 Mil).

Wells Fargo's annual credit losses provision increased from Dec. 2021 ($-4,155 Mil) to Dec. 2022 ($1,534 Mil) and increased from Dec. 2022 ($1,534 Mil) to Dec. 2023 ($5,399 Mil).

Wells Fargo Credit Losses Provision Historical Data

The historical data trend for Wells Fargo's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

2,687.00

14,129.00

-4,155.00

1,534.00

5,399.00

Wells Fargo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision																1,207.00	1,713.00	1,197.00	1,282.00	938.00

Wells Fargo Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,130 Mil.

Wells Fargo (Wells Fargo) Business Description

Industry

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Address

420 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.wellsfargo.com

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

Executives

Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Thomas R Nides	officer: Vice Chairman	C/O WELLS FARGO & COMPANY, 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Tracy M Kerrins	officer: Sr. Executive Vice President	300 S BREVARD STREET, CHARLOTTE NC 28202
Kyle G Hranicky	officer: Sr. Executive Vice President	1000 LOUISIANA STREET, HOUSTON TX 77002
Felicia F Norwood	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kleber Santos	officer: Sr. Executive Vice President	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ellen R Patterson	officer: Sr. EVP and General Counsel	30 HUDSON YARDS, NEW YORK NY 10001
Kristy Fercho	officer: Sr. Executive Vice President	5151 CORPORATE DRIVE, TROY MI 48098
Cecelia Morken	director	26025 MUREAU ROAD, CALABASAS CA 91302
Beurden Saul Van	officer: Sr. Executive Vice President	150 EAST 42ND STREET, NEW YORK NY 10017
Bei Ling	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Ather Iii Williams	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo	officer: Sr. EVP & CFO	225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy	director	303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens	officer: Sr. Executive Vice President	240 GREENWICH STREET, NEW YORK NY 10286