Pretax income is the income that a company earns before paying income taxes. Wells Fargo's pretax income for the
three
months ended in Jun. 2022 was $3,565 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Jun. 2022 was $23,110 Mil.
Wells Fargo's pretax margin was 20.94%.
During the past 13 years, Wells Fargo's highest Pretax Margin was 41.38%. The lowest was 3.37%. And the median was 35.02%.
Wells Fargo Pre-Tax Income Historical Data
The historical data trend for Wells Fargo's Pre-Tax 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.
* Premium members only.
Wells Fargo Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Pre-Tax Income
27,377.00
28,538.00
25,967.00
2,505.00
28,816.00
Wells Fargo Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Pre-Tax Income
8,189.00
6,926.00
8,110.00
4,509.00
3,565.00
Competitive Comparison
For the Banks - Diversified subindustry, Wells Fargo's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Wells Fargo Pre-Tax Income Distribution
For the Banks industry and Financial Services sector, Wells Fargo's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Wells Fargo's Pre-Tax Income falls into.
Wells Fargo Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
Wells Fargo's Pretax Income for the fiscal year that ended in Dec. 2021 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $23,110 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 (NYSE:WFC) Pre-Tax Income Explanation
Wells Fargo's Pretax Margin for the quarter that ended in Jun. 2022 is calculated as
During the past 13 years, Wells Fargo's highest Pretax Margin was 41.38%. The lowest was 3.37%. And the median was 35.02%.
* 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 Pre-Tax Income Related Terms
Thank you for viewing the detailed overview of Wells Fargo's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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