Wells Fargo

Q1 Results Q/Q Comparison:

  • Revenue decreased 1% to $22.0B
  • Diluted EPS increased 1% to $1.00
  • Net income was flat at $5.5B
  • Net interest margin of 2.87%, down from 2.90%
  • Return on equity (ROE) of 11.5%, down from 11.8%
  • Return on average assets (ROA) of 1.15%, down from 1.21%
  • Total average loans of $963.6B, up 4%
  • Total average deposits of $1.3T, up 7%
    • Total deposit costs were 17 basis points, up 7 basis points from prior year quarter
  • Net charge-offs of $805M, down $81M (0.34% of total loans, annualized)
  • Nonperforming assets totaled $10.7B, down $698M (1.11% of total loans)
  • Reserve release of $200M, compared to reserve build of $200M prior year quarter
  • Residential mortgage originations of $44B, down from $72B in Q4
    • Noninterest mortgage banking income was $1.2B, down from $1.4B in Q4
  • Tier 1 common equity ratio under Basel III of 11.2%
  • Book value per share of $35.70, increase of 3%

Stock Price: $51
Market Capitalization: $258 billion

April 13, 2017

 

 

 


 


 

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