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Wells Fargo and Company  (WFC)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 

WFC's Net Income Growth by Quarter and Year

Wells Fargo And's Net Income results by quarter and year




WFC Net Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 2,790.00 2,822.00 5,974.00
III Quarter September - 1,851.00 4,408.00 5,928.00
II Quarter June - -2,426.00 6,074.00 5,063.00
I Quarter March 4,688.00 801.00 5,753.00 4,945.00
FY   4,688.00 3,016.00 19,057.00 21,910.00



WFC Net Income first quarter 2021 Y/Y Growth Comment
Wells Fargo and Company achieved in the first quarter, above Company average Net Income surge of 485.27% year on year, to $ 4,688.00 millions.

Among companies who have reported first quarter results in the Money Center Banks industry only one Company has achieved higher year on year Net Income results in the first quarter. While Wells Fargo And Company' s Net Income doubling of 485.27% ranks overall at the positon no. 52 in the first quarter.




WFC Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -1.13 % -52.76 % -4.11 %
III Quarter September - -58.01 % -25.64 % 30.63 %
II Quarter June - - 19.97 % -12.28 %
I Quarter March 485.27 % -86.08 % 16.34 % -7.85 %
FY   - -84.17 % -13.02 % 0.02 %

Financial Statements
Wells Fargo And's first quarter 2021 Net Income $ 4,688.00 millions WFC's Income Statement
Wells Fargo And's first quarter 2020 Net Income $ 801.00 millions Quarterly WFC's Income Statement
New: More WFC's historic Net Income Growth >>


WFC Net Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - 50.73 % -35.98 % 0.78 %
III Quarter September - - -27.43 % 17.08 %
II Quarter June - - 5.58 % 2.39 %
I Quarter March 68.03 % -71.62 % -3.7 % -20.63 %
FY (Year on Year)   - -84.17 % -13.02 % 0.02 %




Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #14
Overall #52

Net Income Y/Y Growth Statistics
High Average Low
128.88 % 1.99 % -60.26 %
(Mar 31 2021)   (Jun 30 2020)
Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #14
Overall #52
Net Income Y/Y Growth Statistics
High Average Low
128.88 % 1.99 % -60.26 %
(Mar 31 2021)   (Jun 30 2020)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Wells Fargo And's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
502.03 % 8.04 % -85.06 %
(March 31, 2010)  


WFC's I. Quarter Q/Q Net Income Comment
Wells Fargo and Company achieved in the I. Quarter 2021 above company average sequential Net Income jump of 68.03%, to $ 4,688.00 millions, from $2,790.00 millions in the forth quarter.
Money Center Banks company is impressively improving, with recording better then average increase, and additionally accelerating pace.

Within Money Center Banks industry only one company achieved higher sequential Net Income growth. While Wells Fargo And's Net Income growth quarter on quarter, overall rank is 143.


Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #32
Overall #143
Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #2
Financial Sector #32
Overall #143
Net Income Q/Q Growth Statistics
High Average Low
502.03 % 8.04 % -85.06 %
(March 31, 2010)  


WFC's I. Quarter Q/Q Net Income Comment
Wells Fargo and Company achieved in the I. Quarter 2021 above company average sequential Net Income jump of 68.03%, to $ 4,688.00 millions, from $2,790.00 millions in the forth quarter.
Wells Fargo And is going from strength to strength, not just claiming higher then regular increase, and also accelerating pace, Elijah  Walker, Financial sector advisor added.

Within Money Center Banks industry only one company achieved higher sequential Net Income growth. While Wells Fargo And's Net Income growth quarter on quarter, overall rank is 143.


Wells Fargo And's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
12 Months Ending
(Jun 30 2020)
12 Months Ending
(Mar 31 2020)
Cumulative Net Income 12 Months Ending $ 6,903.00 $ 3,016.00 $ 6,655.00 $ 5,605.00 $ 14,105.00
Y / Y Net Income Growth (TTM) -51.06 % -84.17 % -71.95 % -76.38 % -37.91 %
Year on Year Net Income Growth Overall Ranking # 751 # 1597 # 1760 # 1568 # 0
Seqeuential Net Income Change (TTM) 128.88 % -1.05 % -38.82 % -60.26 % -25.99 %
Seq. Net Income Growth (TTM) Overall Ranking # 52 # 1332 # 1997 # 1847 # 0




Cumulative Net Income growth Comment
Wells Fargo And showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2020. If the fiscal year would end in Mar 31 2021, Wells Fargo And's annual Net Income drop would be -51.06% year on year to $6,903 millions.

In the Financial sector 213 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 751, from total ranking in previous quarter at 1597.

Net Income TTM Q/Q Growth Statistics
High Average Low
128.88 %
1.99 %
-60.26 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 2
Financial Sector # 214
Overall # 751

Net Income TTM Y/Y Growth Statistics
High Average Low
204.4 %
6.82 %
-84.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 14
S&P 500 # 52
Cumulative Net Income growth Comment
Wells Fargo And showed decline, but improvement compare to trailing twelve month Net Income decrease in Dec 31 2020. If the fiscal year would end in Mar 31 2021, Wells Fargo And's annual Net Income drop would be -51.06% year on year to $6,903 millions.

In the Financial sector 213 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 751, from total ranking in previous quarter at 1597.

Net Income TTM Q/Q Growth Statistics
High Average Low
128.88 %
1.99 %
-60.26 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 2
Financial Sector # 214
Overall # 751

Net Income TTM Y/Y Growth Statistics
High Average Low
204.4 %
6.82 %
-84.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 14
S&P 500 # 52




Other Net Income Growth
Money Center Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
WFC's Net Income Growth Ratio versus Money Center Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for WFC's Competitors
Net Income Growth for Wells Fargo And's Suppliers
Net Income Growth for WFC's Customers

You may also want to know
WFC's Annual Growth Rates WFC's Profitability Ratios WFC's Asset Turnover Ratio WFC's Dividend Growth
WFC's Roe WFC's Valuation Ratios WFC's Financial Strength Ratios WFC's Dividend Payout Ratio
WFC's Roa WFC's Inventory Turnover Ratio WFC's Growth Rates WFC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Mar 31 2021 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2021
Chubb Ltd812.70%$ 812.698 millions
Investar Holding Corporation781.58%$ 781.579 millions
Southside Bancshares Inc 762.41%$ 762.408 millions
Franklin Resources Inc 725.51%$ 725.510 millions
Capstar Financial Holdings Inc 719.47%$ 719.465 millions
Atlantic Union Bankshares Corp692.62%$ 692.622 millions
Stewart Information Services Corp674.64%$ 674.641 millions
Veritex Holdings inc 668.92%$ 668.916 millions
Mvb Financial Corp668.89%$ 668.893 millions
Sandy Spring Bancorp Inc 655.62%$ 655.622 millions
Byline Bancorp Inc 634.93%$ 634.929 millions
Selective Insurance Group Inc617.18%$ 617.183 millions
Great Ajax Corp 611.36%$ 611.364 millions
Hanmi Financial Corporation608.89%$ 608.894 millions
Sterling Bancorp600.86%$ 600.855 millions
Hawthorn Bancshares inc 572.70%$ 572.696 millions
Hometrust Bancshares Inc 559.60%$ 559.598 millions
Brp Group Inc 550.39%$ 550.393 millions
Cohen and Steers Inc 549.85%$ 549.851 millions
Ameris Bancorp546.73%$ 546.734 millions
American Express Credit Corporation536.36%$ 536.364 millions
Kinsale Capital Group Inc 530.73%$ 530.731 millions
Atlantic Capital Bancshares inc 529.10%$ 529.096 millions
Home Bancorp Inc 526.14%$ 526.142 millions
Wsfs Financial Corporation516.46%$ 516.457 millions
South State Corp509.49%$ 509.494 millions
Heritage Commerce Corp502.04%$ 502.042 millions
Wells Fargo and Company485.27%$ 485.268 millions
Select Bancorp inc 474.28%$ 474.275 millions
Jpmorgan Chase and Co469.77%$ 469.766 millions


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