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WFCPV.PFD (Wells Fargo) Pre-Tax Income : $21,391.00 Mil (TTM As of Sep. 2024)


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What is Wells Fargo Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Wells Fargo's pretax income for the three months ended in Sep. 2024 was $6,234.00 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $21,391.00 Mil. Wells Fargo's pretax margin was 30.61%.

During the past 13 years, Wells Fargo's highest Pretax Margin was 41.38%. The lowest was 3.37%. And the median was 32.00%.


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.

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Wells Fargo Pre-Tax Income Chart

Wells Fargo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25,967.00 2,505.00 29,563.00 15,629.00 21,636.00

Wells Fargo Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pre-Tax Income Get a 7-Day Free Trial 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 6,547.00 3,410.00 5,587.00 6,160.00 6,234.00

Competitive Comparison of Wells Fargo's Pre-Tax Income

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's Pre-Tax Income Distribution in the Banks Industry

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. 2023 is calculated as

Pretax Income=Operating Income+Other
=0+21636
=21,636.00

Wells Fargo's Pretax Income for the quarter that ended in Sep. 2024 is calculated as

Pretax Income=Operating Income+Other
=0+6234
=6,234.00

Pre-Tax Income 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 $21,391.00 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:WFCpV.PFD) Pre-Tax Income Explanation

Wells Fargo's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=6234/20366
=30.61%

During the past 13 years, Wells Fargo's highest Pretax Margin was 41.38%. The lowest was 3.37%. And the median was 32.00%.

* 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

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Wells Fargo Business Description

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 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.