Wells Fargo (Wells Fargo) Credit Losses Provision : $5,130.00 Mil (As of Dec. 2023)

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What is Wells Fargo Credit Losses Provision?

Wells Fargo's credit losses provision for the three months ended in Dec. 2023 was $1,282.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $5,130.00 Mil.

Wells Fargo's quarterly credit losses provision declined from Jun. 2023 ($1,713.00 Mil) to Sep. 2023 ($1,197.00 Mil) but then increased from Sep. 2023 ($1,197.00 Mil) to Dec. 2023 ($1,282.00 Mil).

Wells Fargo's annual credit losses provision increased from Dec. 2021 ($-4,155.00 Mil) to Dec. 2022 ($1,534.00 Mil) and increased from Dec. 2022 ($1,534.00 Mil) to Dec. 2023 ($5,399.00 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 Credit Losses Provision Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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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	Get a 7-Day Free Trial															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 $5,130.00 Mil.

Wells Fargo (Wells Fargo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFCpQ.PFD) » Definitions » Credit Losses Provision

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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.