Wells Fargo

Q4 Results Q/Q Comparison:

  • Revenue was flat at $21.6B
  • Diluted EPS decreased 4% to $0.96
  • Net income decreased 6% to $5.3B
  • Net interest margin 2.87%, down from 2.92%
  • Return on equity (ROE) of 10.9%, down from 11.9%
  • Return on average assets (ROA) of 1.08%, down from 1.24%
  • Total average loans of $964B, up 6%
  • Total average deposits of $1.3T, up 6%
    • Total deposit costs were 12 basis points, up 1 basis point from Q3
  • Net charge-offs of $905M, up $100M (0.37% of total loans, annualized)
  • Nonperforming assets totaled $11.4B, down $644M (1.17% of total loans)
  • Reserve release of $100M, no reserve release in prior year quarter
  • Residential mortgage originations of $72B, up $2B from Q3
    • Noninterest mortgage banking income was $1.4B, down $300M from Q3
  • Tier 1 common equity ratio under Basel III of 10.7%
  • Book value per share of $35.18, an increase of 4% year-over-year

Full-year 2016:

  • Revenue increased 3% to $86.1B
  • Diluted EPS decreased 3% to $3.99
  • Net income decreased 5% to $20.4B
  • Return on equity (ROE) of 11.5%, down from 12.6%
  • Return on average assets (ROA) of 1.16%, down from 1.31%
  • Returned $12.5B to shareholders via dividends and share buybacks

Stock Price: $56
Market Capitalization: $281 billion

January 13, 2017

 

 

 


 


 

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