Wells Fargo (Wells Fargo) Tax Rate %

: -2.93% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Wells Fargo's Tax Expense for the three months ended in Dec. 2023 was $-100 Mil. Wells Fargo's Pre-Tax Income for the three months ended in Dec. 2023 was $3,410 Mil. Therefore, Wells Fargo's Tax Rate % for the quarter that ended in Dec. 2023 was -2.93%.

Wells Fargo Tax Rate % Historical Data

The historical data trend for Wells Fargo's Tax Rate % 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

22.19

-46.19

19.50

14.40

12.05

Wells Fargo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %																16.52	15.94	12.39	-2.93	17.25

Wells Fargo Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Wells Fargo's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2607	/	21636
	=	12.05 %

Wells Fargo's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-100	/	3410
	=	-2.93 %

Wells Fargo Tax Rate % Related Terms

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Wells Fargo (Wells Fargo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFC) » Definitions » Tax Rate %

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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.

Executives

Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Thomas R Nides	officer: Vice Chairman	C/O WELLS FARGO & COMPANY, 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Tracy M Kerrins	officer: Sr. Executive Vice President	300 S BREVARD STREET, CHARLOTTE NC 28202
Kyle G Hranicky	officer: Sr. Executive Vice President	1000 LOUISIANA STREET, HOUSTON TX 77002
Felicia F Norwood	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kleber Santos	officer: Sr. Executive Vice President	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ellen R Patterson	officer: Sr. EVP and General Counsel	30 HUDSON YARDS, NEW YORK NY 10001
Kristy Fercho	officer: Sr. Executive Vice President	5151 CORPORATE DRIVE, TROY MI 48098
Cecelia Morken	director	26025 MUREAU ROAD, CALABASAS CA 91302
Beurden Saul Van	officer: Sr. Executive Vice President	150 EAST 42ND STREET, NEW YORK NY 10017
Bei Ling	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Ather Iii Williams	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo	officer: Sr. EVP & CFO	225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy	director	303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens	officer: Sr. Executive Vice President	240 GREENWICH STREET, NEW YORK NY 10286