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GuruFocus has detected 4 Warning Signs with Wells Fargo & Co $WFC.
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Wells Fargo & Co (NYSE:WFC)
Pre-Tax Income
$31,644 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. Wells Fargo & Co's pretax income for the three months ended in Mar. 2017 was $7,605 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $31,644 Mil. Wells Fargo & Co's pretax margin was 34.57%.

During the past 13 years, Wells Fargo & Co's highest Pretax Margin was 40.21%. The lowest was 7.88%. And the median was 31.30%.


Definition

This is the income that a company earns before paying income taxes.

Wells Fargo & Co's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=32120+0
=32,120

Wells Fargo & Co's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Other
=7605+0
=7,605

Wells Fargo & Co Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 8222 (Jun. 2016 ) + 8255 (Sep. 2016 ) + 7562 (Dec. 2016 ) + 7605 (Mar. 2017 ) = $31,644 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Wells Fargo & Co's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=7605/22002
=34.57%

During the past 13 years, Wells Fargo & Co's highest Pretax Margin was 40.21%. The lowest was 7.88%. And the median was 31.30%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Wells Fargo & Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 11,6273,30017,99819,00123,65628,47132,62933,91533,64132,120

Wells Fargo & Co Quarterly Data

Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17Jun17
Pretax Income 8,1638,5498,7738,1568,0818,2228,2557,5627,6058,073
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