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Wells Fargo (NYSE:WFC) Allowance For Loans And Lease Losses

: $-14,606 Mil (As of Dec. 2023)
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Wells Fargo's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-14,606 Mil.

Wells Fargo's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-14,258 Mil) to Sep. 2023 ($-14,554 Mil) and declined from Sep. 2023 ($-14,554 Mil) to Dec. 2023 ($-14,606 Mil).

Wells Fargo's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-12,490 Mil) to Dec. 2022 ($-12,985 Mil) and declined from Dec. 2022 ($-12,985 Mil) to Dec. 2023 ($-14,606 Mil).


Wells Fargo Allowance For Loans And Lease Losses Historical Data

The historical data trend for Wells Fargo's Allowance For Loans And Lease Losses 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.

* Premium members only.

Wells Fargo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9,551.00 -18,516.00 -12,490.00 -12,985.00 -14,606.00

Wells Fargo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Allowance For Loans And Lease Losses Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12,985.00 -13,120.00 -14,258.00 -14,554.00 -14,606.00

Wells Fargo Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.


Wells Fargo Allowance For Loans And Lease Losses Related Terms

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Wells Fargo (NYSE:WFC) Business Description

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