Wells Fargo (Wells Fargo) Total Assets : $1,932,468.00 Mil (As of Dec. 2023)

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What is Wells Fargo Total Assets?

Wells Fargo's Total Assets for the quarter that ended in Dec. 2023 was $1,932,468.00 Mil.

During the past 12 months, Wells Fargo's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 2.30% per year. During the past 5 years, the average Total Assets Growth Rate was 1.70% per year. During the past 10 years, the average Total Assets Growth Rate was 0.50% per year.

During the past 13 years, Wells Fargo's highest 3-Year average Total Assets Growth Rate was 46.10%. The lowest was -7.20%. And the median was 13.35%.

Total Assets is connected with ROA %. Wells Fargo's annualized ROA % for the quarter that ended in Dec. 2023 was 0.72%. Total Assets is also linked to Revenue through Asset Turnover. Wells Fargo's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Wells Fargo Total Assets Historical Data

The historical data trend for Wells Fargo's Total Assets 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 Total Assets Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,927,555.00

1,952,911.00

1,948,068.00

1,881,020.00

1,932,468.00

Wells Fargo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1,886,400.00	1,876,320.00	1,909,261.00	1,932,468.00	1,959,153.00

Wells Fargo Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Wells Fargo's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	187443	+	1745025
	=	1,932,468.00

Wells Fargo's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	187443	+	1745025
	=	1,932,468.00

Wells Fargo (NYSE:WFCpW.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

Wells Fargo's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	13784	/	( (1909261	+	1932468)	/ 2 )
	=	13784	/	1920864.5
	=	0.72 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Wells Fargo's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	20478	/	( (1909261	+	1932468)	/ 2 )
=	20478	/	1920864.5
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Wells Fargo Total Assets Related Terms

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Wells Fargo (Wells Fargo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFCpW.PFD) » Definitions » Total Assets

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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.