WFCPA.PFD (Wells Fargo) Interest Expense : $-42,950.00 Mil (TTM As of Sep. 2024)

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What is Wells Fargo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wells Fargo's interest expense for the three months ended in Sep. 2024 was $ -11,308.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-42,950.00 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Wells Fargo's Operating Income for the three months ended in Sep. 2024 was $ Mil. Wells Fargo's Interest Expense for the three months ended in Sep. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Wells Fargo Interest Expense Historical Data

The historical data trend for Wells Fargo's Interest Expense 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 Interest Expense Chart

Wells Fargo Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18,852.00

-7,963.00

-3,915.00

-9,074.00

-32,743.00

Wells Fargo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-8,988.00	-10,068.00	-10,613.00	-10,961.00	-11,308.00

Wells Fargo Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-42,950.00 Mil.

Wells Fargo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (NYSE:WFCpA.PFD) » Definitions » Interest Expense

Comparable Companies

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.