The quarterly total revenue of Wells Fargo fluctuated between 2007 and 2025, with an overall increasing trend in recent years. The second quarter of 2022 recorded a record-low quarterly value of approximately 17 billion U.S. dollars. In the last quarter of 2024, the revenue of the bank amounted to 20.38 billion U.S. dollars, marking a small increase compared to the previous quarter. While Wells Fargo's revenue increased since 2020, the bank did not reach its pre-pandemic performance. As of the second quarter of 2025, the revenue is reported to be 20.82 billion U.S. dollars.

Total-Revenue Time Series for Wells Fargo & Company. Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors in brokerage and wealth offices, consumer bank branches, independent offices, and digitally through WellsTrade and Intuitive Investor. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Wells Fargo reported $5.34B in Net Income for its fiscal quarter ending in September of 2025. Data for Wells Fargo | WFC - Net Income including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Wells Fargo’s quarterly net income grew overall between 2007 and 2025, though with significant fluctuations. Following the 2007-2008 financial crisis, the bank’s earnings rose relatively steadily until 2019, when they began to decline sharply. The first quarter of 2020 marked a record low, driven by the economic slowdown caused by the COVID-19 pandemic. Income rebounded in 2021 but fell again from early 2022, with the fourth quarter posting a year-over-year decline of **** percent, the steepest drop since Q3 2020. In recent years, however, Wells Fargo’s net income has stabilized, supported by strong quarterly results. In Q3 2025, the bank reported nearly **** billion U.S. dollars in net income, up almost **percent from the same quarter of the previous year.

View yearly updates and historical trends for Wells Fargo & Co (WFC) - Commercial Banking Revenue. from United States. Source: Fiscal.ai. Track economic d…

The revenue of Wells Fargo & Company/Mn with headquarters in the United States amounted to 85.06 billion U.S. dollars in 2019. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2016 this is a total decrease by approximately 3.21 billion U.S. dollars. The trend from 2016 to 2019 shows, however, that this decrease did not happen continuously.

The total assets of Wells Fargo & Company/Mn with headquarters in the United States amounted to 1.93 trillion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total decrease by approximately 0.02 trillion U.S. dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

View yearly updates and historical trends for Wells Fargo & Co (WFC) - Community Banking Revenue (DISCONTINUED). from United States. Source: Fiscal.ai. Tr…

Wells Fargo reported 217K in Employees for its fiscal year ending in December of 2024. Data for Wells Fargo | WFC - Employees Total Number including historical, tables and charts were last updated by Trading Economics this last December in 2025.

The total equity of Wells Fargo & Company/Mn with headquarters in the United States amounted to 179.12 billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total decrease by approximately 5.88 billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

The net cash of Wells Fargo & Company/Mn with headquarters in the United States amounted to **** billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately **** billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.

View yearly updates and historical trends for Wells Fargo & Co (WFC) - Consumer Banking & Lending Revenue. from United States. Source: Fiscal.ai. Track ec…

The liabilities of Wells Fargo & Company/Mn with headquarters in the United States amounted to **** trillion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total decrease by approximately **** trillion U.S. dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

Wells Fargo & Company is a diversified financial services holding company that offers retail banking, wholesale banking, and wealth management services to individuals, businesses, high net worth individuals, and institutions through its subsidiaries. It provides a range of commercial and consumer loans, agricultural finance, deposit services, card products, and transaction services. The company provides services such as mortgage banking, equipment leasing, securities brokerage, investment banking, trust services, and venture capital investment. It operates through branches, ATMs, and mobile and internet distribution channels globally. Read More

Private banks have grown recently as wealth managers have capitalized on the growing number of millionaires in emerging markets. The relative strength of the US economy has propelled private banks, as wealthy individuals worldwide have sought to park their wealth in secure assets like urban real estate. Even amid volatility in capital markets due to the pandemic at the onset of the period, rampant inflation and significant interest rate hikes, market accumulation during the period has spurred growth. Overall, the need for private banking services has increased as the global number of high-net-worth and ultra-high-net-worth individuals has grown. Industry-wide revenue has been growing at a CAGR of 7.3% to $114.7 billion over the past five years, including an expected jump of 6.8% in 2025 alone. Industry profit has also grown and comprises 39.2% of revenue in the same year. Higher interest rates have increased interest income from fixed-income securities such as bonds and higher asset values due to the growth of the S&P 500 have increased performance fees, boosting profit. A key theme driving growth is the rise of globalization. During the period, wealthy individuals expanded in regions outside the US, most notably the Asia-Pacific region. In turn, wealth managers have increasingly engaged in cross-border wealth management practices to push up assets under management. The Russia-Ukraine conflict and conflict in the Middle East, compounded by rising interest rates in the latter part of the period, induced volatility in capital markets, driving clients to private banks. However, in 2024, the Federal Reserve cut interest rates and is anticipated to cut rates further in the near future, which will maintain volatility in capital markets. Private banks will enjoy interest rate cuts and capital market growth over the next five years. Profit will creep downward as interest rates will fall compared to the current period. Reduced interest rates give private banks fewer margins from loans and deposits, resulting in limited growth. High competition among private banks will spur increased investment in value-added services to attract clients. Overall, industry revenue is forecast to grow at a CAGR of 0.7% to $119.0 billion over the five years to 2030.

JPMorgan Chase dominated the U.S. banking landscape in early 2025, reporting a net income of **** billion U.S. dollars, more than **** billion more than Bank of America, which ranked second. Wells Fargo ranked third, with a net income of roughly *** billion U.S. dollars. These three banks were also the largest banks based on total assets. Market capitalization and global standing JPMorgan Chase's financial prowess extends beyond net income. With a market capitalization of nearly *** billion U.S. dollars as of January 2025, it stood as the most valuable bank in the United States. Its massive market capitalization also made it the largest bank globally, with Bank of America following from a distance. This impressive valuation, coupled with its substantial net income, cements JPMorgan Chase's status as a financial titan. Asset base of JPMorgan Chase JPMorgan Chase's leadership is also evident in its asset base. The bank held ***** percent of total banking assets in the United States as of December 2024, surpassing Bank of America and Wells Fargo. This substantial market share translated to over **** trillion U.S. dollars in total assets.

Net-Profit-Margin Time Series for Comcast Corp. Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises. The Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. It also operates international television networks comprising the Sky Sports networks, as well as other digital properties. The Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The company also offers a consolidated streaming platforms under the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is based in Philadelphia, Pennsylvania.

Strong returns in various financial markets and increased trading volumes have benefited businesses in the industry. Companies provide underwriting, brokering and market-making services for different financial instruments, including bonds, stocks and derivatives. Businesses benefited from improving macroeconomic conditions despite the high-interest-rate environment for most of the period due to inflationary pressures. However, the anticipation of interest rate cuts in the current year can limit interest income from fixed-income securities. As interest rates fall, fixed income securities will experience an outflow of capital and equities will experience an inflow of funds. The Fed is monitoring inflation, employment figures and the effects of tariffs along with other economic factors before making rate cut decisions. Overall, revenue has been growing at a CAGR of 8.5% to $491.0 billion over the past five years, including an expected increase of 1.8% in 2025 alone. Industry profit has grown during the same time due to greater interest income from bonds and will comprise 16.2% of revenue in the current year. While many industries struggled at the onset of the period due to economic disruptions stemming from the volatile economic environment and supply chain issues, businesses benefited from the volatility. Primarily, companies have benefited from increased trading activity on behalf of their clients due to fluctuations in asset prices. This has led to higher trade execution fees for firms at the onset of the period. Similarly, debt underwriting increased as many businesses have turned to investment bankers to help raise cash for various ventures. Also, improved scalability of operations, especially regarding trading services conducted by securities intermediaries, has helped increase industry profits. Structural changes have forced the industry's smaller businesses to evolve. Because competing in trading services requires massive investments in technology and compliance, boutique investment banks have alternatively focused on advising in merger and acquisition (M&A) activity. Boutique investment banks' total share of M&A revenue is forecast to grow through the end of 2030. Furthermore, the industry will benefit from improved macroeconomic conditions as inflationary pressures are expected to ease. This will help asset values rise and interest rate levels to be cut, thus allowing operators to generate more from equity underwriting and lending activities. Overall, revenue is forecast to grow at a CAGR of 1.4% to $526.8 billion over the five years to 2030.

The industry closely follows global economic performance since demand for loans is heavily influenced by business and consumer confidence, as well as the level of activity that requires financing. The strong global economic performance, fueled by the United States and emerging markets such as China and Southeast Asia, is expected to improve from increased aggregate private investment, which has supported loan origination. However, elevated interest rates during the period limited loan demand, although higher interest rates enabled global commercial banks to generate greater interest income on loans originated. Overall, global commercial banks' revenue has grown at a CAGR of 4.3% to $3,862.4 billion over the past five years, including an expected decrease of 0.5% in 2025 alone. Also, industry profit has grown substantially during the period and will account for 45.8% in the current year. Strong performance in the United States and China for most of the last five years has bolstered economic activity. The growth in interest rates throughout the period has limited loan originations, although businesses have maintained demand for loans to expand and improve operational efficiencies. The high interest rate environment has boosted industry profit, supporting efforts by major players to consolidate operations. The interest rate environment has reversed in the latter part of the period as the Fed and other central banks have slashed rates, which has increased demand for loans such as business loans and mortgages. With rates being cut, industry profit growth is anticipated to slow. Industry revenue is expected to grow as the global economy continues to expand and economic volatility is anticipated to fade. In addition, interest rates are expected to be cut further at the onset of the outlook period if inflation continues to ease. Strong economic performance in emerging markets is anticipated to foment growth of commercial banking activity in various countries and aid faster revenue growth over the next five years. But geopolitical tensions are expected to pose a threat to growth. Global commercial banks' revenue is expected to climb at a CAGR of 1.7% to $4,202.0 billion over the five years to 2030.

In 2024, JPMorgan Chase was the commercial bank with the highest revenue in the United States, with a total revenue of over 177 billion U.S. dollars. Bank of America and Wells Fargo followed, with 101.9 and 82.3 billion U.S. dollars, respectively. These three banks were also the largest banks in terms of total assets in the United States that year. Commercial banking A commercial bank is a bank that offers financial services to private customers and companies, such as accepting deposits, checking services or loans. Commercial banks earn money through interest rates on the loans that they offer. Such rates are significantly higher than the interest rates paid to the bank customers for depositing their assets in a bank. This difference in rates is called net interest income, which is one of the leading indicators of bank performance. Commercial vs investment banks Some banks specialize only in commercial or investment banking, while some banks combine both divisions in their operations. Investment banks specialize in managing assets of their clients, underwriting securities or supervising merger and acquisition transactions.