Wells Fargo
0.0 %
57.05 %
Yet to be announced
Company Overview
Wells Fargo & Company provides 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. Wells Fargo was founded in 1852 and is headquartered in San Francisco.
Revenue Sources
Based on the financial data provided, Wells Fargo's business model is fundamentally based on interest-bearing activities, with interest income representing over 50% of total revenue consistently across all quarters analyzed. This far exceeds the 2.5% threshold.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $20.37b | $11.31b | $11.69b | $11.31b | 57.40% | 100.00% |
| June 30, 2024 | $20.69b | $10.96b | $11.92b | $10.96b | 57.63% | 100.00% |
| March 31, 2024 | $20.86b | $10.61b | $12.23b | $10.61b | 58.61% | 100.00% |
| Dec. 31, 2023 | $20.48b | $10.07b | $12.77b | $10.07b | 62.36% | 100.00% |
The financial data shows that interest expenses represent a significant portion of Wells Fargo's total expenses, consistently above 90% across all analyzed quarters. Interest-based operations are clearly core to the company's business model.
Operational Ethics
No evidence found of current material associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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