Wells Fargo (XTER:NWT) Tax Rate % : -2.93% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Wells Fargo Tax Rate %?

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 €-92 Mil. Wells Fargo's Pre-Tax Income for the three months ended in Dec. 2023 was €3,127 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.

* Premium members only.

Wells Fargo Tax Rate % Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

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 %	Get a 7-Day Free Trial															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 )
	=	2390.619	/	19840.212
	=	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 )
	=	-91.7	/	3126.97
	=	-2.93 %

Wells Fargo Tax Rate % Related Terms

Thank you for viewing the detailed overview of Wells Fargo's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wells Fargo (XTER:NWT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WFCpD.PFD:USA WFCpC.PFD:USA WFCpA.PFD:USA WFCpZ.PFD:USA WFCpY.PFD:USA WFCNP.PFD:USA WFCpR.PFD:USA WFCpL.PFD:USA WFC:USA WFC:Peru WFC:Mexico NWTd:UK 0R2F:UK WFC:Chile WFCO34:Brazil WFC:Austria WFC:Argentina

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.

Wells Fargo (XTER:NWT) Headlines

No Headlines