Wells Fargo (NYSE:WFC) Pretax Margin %

: 12.72% (As of Dec. 2022)

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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Wells Fargo's Pre-Tax Income for the three months ended in Dec. 2022 was $2,501 Mil. Wells Fargo's Revenue for the three months ended in Dec. 2022 was $19,660 Mil. Therefore, Wells Fargo's pretax margin for the quarter that ended in Dec. 2022 was 12.72%.

The historical rank and industry rank for Wells Fargo's Pretax Margin % or its related term are showing as below:

WFC' s Pretax Margin % Range Over the Past 10 Years
Min: 3.37 Med: 34.71 Max: 41.38
Current: 20.29

WFC's Pretax Margin % is ranked worse than
81.73% of 1434 companies
in the Banks industry
Industry Median: 35.27 vs WFC: 20.29

Wells Fargo Pretax Margin % Historical Data

The historical data trend for Wells Fargo's Pretax Margin % 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 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Pretax Margin %

33.03

29.90

3.37

36.71

20.29

Wells Fargo Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Pretax Margin %																38.89	25.63	20.94	22.53	12.72

Wells Fargo Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Wells Fargo's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	14969	/	73785
	=	20.29 %

Wells Fargo's Pretax Margin for the quarter that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	2501	/	19660
	=	12.72 %

Wells Fargo (NYSE:WFC) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Wells Fargo Pretax Margin % Related Terms

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Wells Fargo (NYSE:WFC) Business Description

Industry

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

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 is split into 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

Kristy Fercho	officer: Sr. Executive Vice President	5151 CORPORATE DRIVE, TROY MI 48098
Richard K Davis	director	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Felicia F Norwood	director	120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Cecelia Morken	director	26025 MUREAU ROAD, CALABASAS CA 91302
Bei Ling	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Kyle G Hranicky	officer: Sr. Executive Vice President	1000 LOUISIANA STREET, HOUSTON TX 77002
Kleber Santos	officer: Sr. Executive Vice President	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
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
Barry Sommers	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Michael S Weinbach	officer: Sr. Executive Vice President	30 HUDSON YARDS, NEW YORK NY 10001
Steven D Black	director	C/O JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Muneera S Carr	officer: EVP, CAO & Controller	1717 MAIN STREET, MAIL CODE 6500, DALLAS TX 75201