Wells Fargo

Q2 Results Q/Q Comparison:

  • Revenue was flat at $22.2B
  • Diluted EPS increased 6% to $1.07
  • Net income increased 5% to $5.8B
  • Net interest margin of 2.90%, up from 2.86%
  • Return on equity (ROE) of 11.95%, up from 11.70%
  • Return on average assets (ROA) of 1.21%, up from 1.20%
  • Total average loans of $956.9B, up 1%
  • Total average deposits of $1.3T, up 5%
    • Total deposit costs were 21 basis points, up 10 basis points from prior year quarter
  • Net charge-offs of $655M, down $519M (0.27% of total loans, annualized)
  • Nonperforming assets totaled $9.8B, down $827M (1.03% of total loans)
  • Reserve release of $100M, compared to reserve build of $150M prior year quarter
  • Residential mortgage originations of $56B, up from $44B in Q1
    • Noninterest mortgage banking income was $1.1B, down from $1.2B in Q1
  • Tier 1 common equity ratio under Basel III of 11.6%
  • Book value per share of $36.53, an increase of 3%

Stock Price: $55
Market Capitalization: $274 billion

July 14, 2017

 

 

 


 


 

Menu byMilonic