Wells Fargo

Q3 Results Q/Q Comparison:

  • Revenue increased 2% to $22.3B
  • Diluted EPS decreased 2% to $1.03
  • Net income decreased 3% to $5.6B
  • Net interest margin 2.82%, down from 2.96%
  • Return on equity (ROE) of 11.6%, down from 12.6%
  • Return on average assets (ROA) of 1.17%, down from 1.32%
  • Total average loans of $957.5B, up 7%
  • Total average deposits of $1.3T, up 5%
    • Total deposit costs were 11 basis points, flat from prior year quarter
  • Net charge-offs of $805M, up $102M (0.33% of total loans, annualized)
  • Nonperforming assets totaled $13.1B, down $433M (1.37% of total loans)
  • No Reserve build or release, same result as prior year quarter
  • Residential mortgage originations of $70B, up $7B from Q2
    • Noninterest mortgage banking income was $1.7B, up $253M from Q2
  • Tier 1 common equity ratio under Basel III of 10.7%
  • Book value per share of $35.81, increase of 6%

Stock Price: $45
Market Capitalization: $226 billion

October 14, 2016

 

 

 


 


 

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