Wells Fargo's credit losses provision for the
three
months ended in Mar. 2022 was $-787 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2022 was $-3,894 Mil.
Wells Fargo's quarterly credit losses provision
increased
from Sep. 2021 ($-1,395 Mil) to Dec. 2021 ($-452 Mil) but then
declined
from Dec. 2021 ($-452 Mil) to Mar. 2022 ($-787 Mil).
Wells Fargo's annual credit losses provision
increased
from Dec. 2019 ($2,687 Mil) to Dec. 2020 ($14,129 Mil) but then
declined
from Dec. 2020 ($14,129 Mil) to Dec. 2021 ($-4,155 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.
|
Wells Fargo Annual Data
|
|
Trend |
Dec12 |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
| Credit Losses Provision |
|
|
|
|
|
|
2,528.00 |
1,744.00 |
2,687.00 |
14,129.00 |
-4,155.00 |
|
Wells Fargo Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| Credit Losses Provision |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-1,048.00 |
-1,260.00 |
-1,395.00 |
-452.00 |
-787.00 |
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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3,894 Mil.
* 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.
Wells Fargo Business Description
Traded in Other Exchanges
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 is split into 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
| Scharf Charles W |
director, officer: CEO & President |
C/O VISA INC. 900 METRO CENTER BLVD. FOSTER CITY CA 94404 |
| Williams Ather Iii |
officer: Sr. Executive Vice President |
30 HUDSON YARDS NEW YORK NY 10001 |
| Santomassimo Michael P. |
officer: Sr. EVP & CFO |
225 LIBERTY STREET NEW YORK NY 10286 |
| Noski Charles H |
director |
ONE PICKWICK PLAZA GREENWICH CT 06830 |
| Hewett Wayne M. |
director |
5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154 |
| Chancy Mark A |
director |
303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308 |
| Black Steven D |
director |
C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017 |
| Clark Celeste A. |
director |
C/O ADVANCEPIERRE FOODS HOLDINGS, INC. 9987 CARVER ROAD BLUE ASH OH 45242 |
| Sargent Ronald |
director |
1014 VINE STREET CINCINNATI OH 45202 |
| Owens Lester |
officer: Sr. Executive Vice President |
240 GREENWICH STREET NEW YORK NY 10286 |
| Galloreese David |
officer: Sr. Executive Vice President |
420 MONTGOMERY STREET SAN FRANCISCO CA 94104 |
| Norton Amanda G |
officer: Sr. EVP and Chief Risk Officer |
420 MONTGOMERY STREET SAN FRANCISCO CA 94104 |
| Flowers Derek A. |
officer: Sr. Executive Vice President |
301 SOUTH COLLEGE STREET CHARLOTTE NC 28202 |
| Craver Theodore F Jr |
director |
DUKE ENERGY CORPORATION 550 SOUTH TRYON STREET - DEC45A CHARLOTTE NC 28202 |
| Sommers Barry |
officer: Sr. Executive Vice President |
30 HUDSON YARDS NEW YORK NY 10001 |
Wells Fargo Headlines
By tipranks.com 2022-03-29
By Seekingalpha 2022-02-21
By Seekingalpha 2022-03-09
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