Market Cap : 167.38 B | Enterprise Value : 154.96 B | PE Ratio : 9.21 | PB Ratio : 1.07 |
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Wells Fargo's net income for the three months ended in Mar. 2022 was $3,671 Mil. Its net income for the trailing twelve months (TTM) ended in Mar. 2022 was $20,583 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Wells Fargo's Earnings per Share (Diluted) for the three months ended in Mar. 2022 was $0.88.
The historical data trend for Wells Fargo's Net Income 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.
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Wells Fargo's Net Income for the fiscal year that ended in Dec. 2021 is calculated as
Net Income | (A: Dec. 2021 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 28816 | + | -5578 | + | 0 | + | -1690 |
= | 21,548 |
Wells Fargo's Net Income for the quarter that ended in Mar. 2022 is calculated as
Net Income | (Q: Mar. 2022 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 4509 | + | -707 | + | 0 | + | -131 |
= | 3,671 |
Net Income 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 $20,583 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.
Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Wells Fargo's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2022 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2022 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (3671 | - | 278) | / | 3868.900 | |
= | 0.88 |
* 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.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Wells Fargo's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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