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Wells Fargo Pre-Tax Income

: $23,110 Mil (TTM As of Jun. 2022)
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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
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Pretax Income=Operating Income+Other
=0+28816
=28,816

Wells Fargo's Pretax Income for the quarter that ended in Jun. 2022 is calculated as

Pretax Income=Operating Income+Other
=0+3565
=3,565

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

Pretax Margin=Pretax Income/Revenue
=3565/17028
=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%.

* 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 Business Description

Wells Fargo logo
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
Davis Richard K director 800 NICOLLET MALL MINNEAPOLIS MN 55402
Norwood Felicia F director 120 MONUMENT CIRCLE INDIANAPOLIS IN 46204
Morken Cecelia director 26025 MUREAU ROAD CALABASAS CA 91302
Ling Bei officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001
Hranicky Kyle G officer: Sr. Executive Vice President 1000 LOUISIANA STREET HOUSTON TX 77002
Santos Kleber officer: Sr. Executive Vice President 1680 CAPITAL ONE DRIVE MCLEAN VA 22102
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
Chancy Mark A director 303 PEACHTREE ST. 30TH FLOOR ATLANTA GA 30308
Owens Lester officer: Sr. Executive Vice President 240 GREENWICH STREET NEW YORK NY 10286
Sommers Barry officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001
Weinbach Michael S officer: Sr. Executive Vice President 30 HUDSON YARDS NEW YORK NY 10001
Black Steven D director C/O JPMORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Carr Muneera S officer: EVP, CAO & Controller 1717 MAIN STREET MAIL CODE 6500 DALLAS TX 75201
Patterson Ellen R officer: Sr. EVP and General Counsel 30 HUDSON YARDS NEW YORK NY 10001

Wells Fargo Headlines

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