Financials Wells Fargo & Company

Equities

WFC

US9497461015

Banks

Market Closed - Nyse Other stock markets 04:00:33 2025-12-11 pm EST			Pre-market 08:10:18 am
92.59 ^USD	+2.10%		93.02	+0.46%

07:49am	RBC Raises Price Target on Wells Fargo to $100 From $88, Keeps Outperform Rating	MT
06:47am	Wells Fargo hiring spree fuels investment banking ambitions	RE

Projected Income Statement: Wells Fargo & Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	72,340	78,492	73,785	82,597	82,296	84,003	87,918	92,270
Change	-	8.5%	-6%	11.94%	-0.36%	2.07%	4.66%	4.95%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	14,710	24,661	16,503	27,035	27,698	29,580	32,095	35,360
Change	-	67.65%	-33.08%	63.82%	2.45%	6.79%	8.51%	10.17%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	581	28,816	14,969	21,636	23,364	25,715	27,512	29,712
Change	-	4,859.72%	-48.05%	44.54%	7.99%	10.06%	6.99%	7.99%
Net income ¹	1,710	20,256	12,067	17,982	18,606	20,612	21,349	22,972
Change	-	1,084.56%	-40.43%	49.02%	3.47%	10.78%	3.58%	7.6%
Announcement Date	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	17,925	18,063	20,270	18,834	20,856	17,592	17,028	19,505	19,660	20,729	20,533	20,857	20,478	20,863	20,689	20,366	20,378	20,149	20,822	21,436	21,543	21,748	21,938	22,308	22,287	22,648	22,985	23,548
Change	-	0.77%	12.22%	-7.08%	10.74%	-15.65%	-3.21%	14.55%	0.79%	5.44%	-0.95%	1.58%	-1.82%	1.88%	-0.83%	-1.56%	0.06%	-1.12%	3.34%	2.95%	0.5%	0.95%	0.87%	1.69%	-0.09%	1.62%	1.49%	2.45%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	3,123	4,074	6,929	5,531	7,658	3,722	4,145	5,178	3,458	7,053	7,546	7,744	4,692	6,525	7,396	7,299	6,478	6,258	7,443	7,590	8,175	7,480	8,224	8,624	8,849	-	-	-
Change	-	30.45%	70.08%	-20.18%	38.46%	-51.4%	11.36%	24.92%	-33.22%	103.96%	6.99%	2.62%	-39.41%	39.07%	13.35%	-1.31%	-11.25%	-3.4%	18.94%	1.98%	7.71%	-8.5%	9.95%	4.86%	2.61%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	3,302	5,122	8,189	6,926	8,110	4,509	3,565	4,394	2,501	5,846	5,833	6,547	3,410	5,587	6,160	6,234	5,383	5,326	6,438	6,909	6,897	6,169	6,957	7,299	7,239	6,529	7,318	7,503
Change	-	55.12%	59.88%	-15.42%	17.1%	-44.4%	-20.94%	23.25%	-43.08%	133.75%	-0.22%	12.24%	-47.92%	63.84%	10.26%	1.2%	-13.65%	-1.06%	20.88%	7.32%	-0.17%	-10.55%	12.77%	4.91%	-0.81%	-9.82%	12.09%	2.52%
Net income ¹	2,642	4,363	5,743	4,787	5,470	3,393	2,839	3,250	2,585	4,713	4,659	5,450	3,160	4,313	4,640	4,852	4,801	4,616	5,214	5,341	5,313	4,750	5,395	5,652	5,630	5,176	5,829	5,859
Change	-	65.14%	31.63%	-16.65%	14.27%	-37.97%	-16.33%	14.48%	-20.46%	82.32%	-1.15%	16.98%	-42.02%	36.49%	7.58%	4.57%	-1.05%	-3.85%	12.95%	2.44%	-0.52%	-10.6%	13.59%	4.75%	-0.39%	-8.07%	12.62%	0.52%
Announcement Date	1/15/21	4/14/21	7/14/21	10/14/21	1/14/22	4/14/22	7/15/22	10/14/22	1/13/23	4/14/23	7/14/23	10/13/23	1/12/24	4/12/24	7/12/24	10/11/24	1/15/25	4/11/25	7/15/25	10/14/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Wells Fargo & Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-

Estimates

Cash Flow Forecast: Wells Fargo & Company

Fiscal Period:

Estimates

Forecast Financial Ratios: Wells Fargo & Company

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	20.33%	31.42%	22.37%	32.73%	33.66%	35.21%	36.51%	38.32%
EBT Margin (%)	-	0.8%	36.71%	20.29%	26.19%	28.39%	30.61%	31.29%	32.2%
Net margin (%)	-	2.36%	25.81%	16.35%	21.77%	22.61%	24.54%	24.28%	24.9%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.17%	1.11%	0.7%	1.02%	1.03%	1.07%	1.05%	1.09%
ROE	-	1%	12%	7.5%	11%	11.4%	12.43%	12.94%	13.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	1.22	0.6	1.1	1.3	1.5	1.703	1.887	2.102
Change	-	-	-50.82%	83.33%	18.18%	15.38%	13.56%	10.79%	11.39%
Book Value Per Share ¹	-	39.76	43.32	41.89	46.25	48.85	52.63	55.75	59.41
Change	-	-	8.95%	-3.3%	10.41%	5.62%	7.75%	5.92%	6.56%
EPS ¹	-	0.41	4.95	3.14	4.83	5.37	6.329	7.013	7.967
Change	-	-	1,107.32%	-36.57%	53.82%	11.18%	17.86%	10.81%	13.61%
Nbr of stocks (in thousands)	-	4,134,490	3,987,233	3,810,491	3,631,640	3,329,491	3,139,085	3,139,085	3,139,085
Announcement Date	-	1/15/21	1/14/22	1/13/23	1/12/24	1/15/25	-	-	-