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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 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 4,977.00 2,790.00 2,822.00
III Quarter September - 4,839.00 1,851.00 4,408.00
II Quarter June - 6,150.00 -2,426.00 6,074.00
I Quarter March 3,540.00 4,688.00 801.00 5,753.00
FY   3,540.00 20,654.00 3,016.00 19,057.00



WFC Net Income first quarter 2022 Y/Y Growth Comment
Wells Fargo And Company reported decline in Net Income in the first quarter 2022 by -24.49% to $ 3,540.00 millions, from the same quarter in 2021.
The contraction in the first quarter 2022 Wells Fargo And Company's Net Income compares unfavorably to the Company's average Net Income growth of 4.11%.

Looking into first quarter 2022 results within Money Center Banks industry 9 other companies have achieved higher Net Income growth. While Wells Fargo And Company' s Net Income fall of -24.49% ranks overall at the positon no. 546 in the first quarter 2022.




WFC Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 78.39 % -1.13 % -52.76 %
III Quarter September - 161.43 % -58.01 % -25.64 %
II Quarter June - - - 19.97 %
I Quarter March -24.49 % 485.27 % -86.08 % 16.34 %
FY   - 584.81 % -84.17 % -13.02 %

Financial Statements
Wells Fargo And's first quarter 2022 Net Income $ 3,540.00 millions WFC's Income Statement
Wells Fargo And's first quarter 2021 Net Income $ 4,688.00 millions Quarterly WFC's Income Statement
New: More WFC's historic Net Income Growth >>


WFC Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 2.85 % 50.73 % -35.98 %
III Quarter September - -21.32 % - -27.43 %
II Quarter June - 31.19 % - 5.58 %
I Quarter March -28.87 % 68.03 % -71.62 % -3.7 %
FY (Year on Year)   - 584.81 % -84.17 % -13.02 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #10
Financial Sector #112
Overall #546

Net Income Y/Y Growth Statistics
High Average Low
128.88 % 4.11 % -60.26 %
(Mar 31 2021)   (Jun 30 2020)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry #10
Financial Sector #112
Overall #546
Net Income Y/Y Growth Statistics
High Average Low
128.88 % 4.11 % -60.26 %
(Mar 31 2021)   (Jun 30 2020)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Wells Fargo And's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
502.03 % 7.34 % -85.06 %
(March 31, 2010)  


WFC's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Wells Fargo And Company reported fall in Net Income from the previous quarter by -28.87% to $ 3,540.00 millions, from $ 4,977.00 millions released in the previous reporting period.

Even cyclical factors which normally elevate I. Quarter 2022 performance, this plainly could not be sufficient to rescue WFC's I. Quarter 2022 achievement, Margarida Reis, a business researcher situated in London pointed out and wrote that average sequential Net Income growth is at 7.34% for the Money Center Banks's company.

Within Money Center Banks industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Wells Fargo And's Net Income growth quarter on quarter, overall rank is 469.


Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #14
Financial Sector #105
Overall #469
Net Income Q/Q Growth Company Ranking
Within: No.
Money Center Banks Industry #14
Financial Sector #105
Overall #469
Net Income Q/Q Growth Statistics
High Average Low
502.03 % 7.34 % -85.06 %
(March 31, 2010)  


WFC's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 Wells Fargo And Company reported fall in Net Income sequentially by -28.87% to $ 3,540.00 millions, from $ 4,977.00 millions achived in the previous quarter.

Even periodic circumstance which usually elevate I. Quarter 2022 performance, it plainly was not enough to salvage Money Center Banks's company outcome, Margarida Reis, a business researcher situated in London wrote and continued that average quarter on quarter Net Income growth is at 7.34% for WFC.

Within Money Center Banks industry 13 other companies have achieved higher Net Income quarter on quarter growth. While Wells Fargo And's Net Income growth quarter on quarter, overall rank is 469.


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


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Net Income 12 Months Ending $ 19,506.00 $ 20,654.00 $ 18,467.00 $ 15,479.00 $ 6,903.00
Y / Y Net Income Growth (TTM) 182.57 % 584.81 % 505.87 % 176.16 % -51.06 %
Year on Year Net Income Growth Overall Ranking # 77 # 59 # 131 # 97 # 243
Seqeuential Net Income Change (TTM) -5.56 % 11.84 % 19.3 % 124.24 % 128.88 %
Seq. Net Income Growth (TTM) Overall Ranking # 546 # 391 # 654 # 197 # 1574




Cumulative Net Income growth Comment
Assuming the Wells Fargo And's fiscal year would have ended in Mar 31 2022, Wells Fargo And would have reprted above average annual Net Income surge of 182.57% year on year, of $ 19,506 millions.
This marks a slow-down of the companys growth trends and from the 584.81% surge in Dec 31 2021.

Among companies within the Financial sector 13 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 59 to 77.

Net Income TTM Q/Q Growth Statistics
High Average Low
128.88 %
4.11 %
-60.26 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 10
Financial Sector # 14
Overall # 77

Net Income TTM Y/Y Growth Statistics
High Average Low
584.81 %
28.05 %
-84.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 10
Sector # 112
S&P 500 # 546
Cumulative Net Income growth Comment
Assuming the Wells Fargo And's fiscal year would have ended in Mar 31 2022, Wells Fargo And would have reprted above average annual Net Income surge of 182.57% year on year, of $ 19,506 millions.
This marks a slow-down of the companys growth trends and from the 584.81% surge in Dec 31 2021.

Among companies within the Financial sector 13 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 59 to 77.

Net Income TTM Q/Q Growth Statistics
High Average Low
128.88 %
4.11 %
-60.26 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Money Center Banks Industry # 10
Financial Sector # 14
Overall # 77

Net Income TTM Y/Y Growth Statistics
High Average Low
584.81 %
28.05 %
-84.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 10
Sector # 112
S&P 500 # 546




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 surge for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
The Community Financial Corporation-0.17%$ -0.175 millions
Penns Woods Bancorp inc-0.44%$ -0.435 millions
Mainstreet Bancshares Inc -0.50%$ -0.495 millions
Carter Bankshares Inc -0.55%$ -0.555 millions
Enterprise Bancorp inc -0.63%$ -0.628 millions
Kinsale Capital Group Inc -0.90%$ -0.898 millions
Cambridge Bancorp-1.36%$ -1.356 millions
Arbor Realty Trust inc -1.46%$ -1.456 millions
First Financial Bankshares Inc -1.66%$ -1.662 millions
First Merchants Corp-1.78%$ -1.785 millions
Nbt Bancorp Inc-1.81%$ -1.807 millions
Guaranty Bancshares Inc -2.04%$ -2.043 millions
Evans Bancorp Inc -2.14%$ -2.143 millions
1st Source Corp-2.51%$ -2.508 millions
Pacific Premier Bancorp Inc-2.57%$ -2.569 millions
Moelis and Co-2.91%$ -2.908 millions
Columbia Financial Inc -3.05%$ -3.046 millions
Simmons First National Corp-3.19%$ -3.192 millions
Capstar Financial Holdings Inc -3.24%$ -3.237 millions
Universal Health Realty Income Trust-3.24%$ -3.240 millions
Pcsb Financial Corporation-3.29%$ -3.285 millions
Truist Financial Corporation-3.87%$ -3.870 millions
Arrow Financial Corporation-3.88%$ -3.882 millions
Bar Harbor Bankshares-3.88%$ -3.882 millions
Cousins Properties Inc-3.92%$ -3.917 millions
Five Star Bancorp-4.05%$ -4.047 millions
Federal Home Loan Bank Of Indianapolis-4.28%$ -4.280 millions
Flushing Financial Corporation-4.31%$ -4.307 millions
First Northern Community Bancorp-4.31%$ -4.311 millions
Gaming And Leisure Properties inc -4.32%$ -4.318 millions


       
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