On Tuesday, Wells Fargo
- Total revenue grew 11.5% to $8.7 billion.
- Net interest income grew 4.4% as net interest margin increased slightly to 4.93%.
- Total diluted earnings advanced a respectable 12.3%.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$8,687 |
$7,789 |
11.5% |
|
Net Interest Income |
$5,050 |
$4,839 |
4.4% |
|
Net Profit |
$2,181 |
$1,930 |
13.0% |
|
EPS |
$0.64 |
$0.57 |
12.3% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
4.93% |
4.84% |
0.09% |
|
Efficiency Ratio |
57.50% |
57.50% |
0.00% |
|
Nonperforming Assets / Assets |
0.50% |
0.44% |
0.07% |
|
Return on Average Assets |
1.79% |
1.63% |
0.16% |
|
Return on Average Equity |
18.99% |
19.22% |
(0.23%) |
Find out more about bank ratios.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Investments |
$102,439 |
$113,976 |
(10.1%) |
|
Loans |
$319,837 |
$311,449 |
2.7% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Deposits |
$310,243 |
$314,450 |
(1.3%) |
|
Total Liabilities |
$436,120 |
$441,081 |
(1.1%) |
Learn about bank assets and bank liabilities.
Related Companies:
-
Bank of America
(NYSE:BAC) -
Citigroup
(NYSE:C) -
US Bancorp
(NYSE:USB) -
JPMorgan Chase
(NYSE:JPM) -
Wachovia
(NYSE:WB)
Related Foolishness:
Bank of America, US Bancorp, and JPMorgan are Income Investor recommendations.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
