$Wells Fargo(WFC)$ Full year 2

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Mexicools
2023-01-15

$Wells Fargo(WFC)$

Full year 2022 earnings: EPS exceeds analyst expectations

Full year 2022 results:

◈EPS: US$3.17 (down from US$4.99 in FY 2021).

◈Revenue: US$72.3b (down 13% from FY 2021).

◈Net income: US$12.1b (down 40% from FY 2021).

◈Profit margin: 17% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue.

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%.

Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.

Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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jeffry09
·2023-01-17
New 52 week lows will come this year as economy collapses.
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YaleBrewster
·2023-01-17
CFRA upgrades opinion on WFC to buy from hold.
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shining87
·2023-01-17
No resistance back to 48. Hold tight!
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YvetteGunther
·2023-01-17
WFC has proven the crooks are just un investable and not even tradeable
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Papa Bear
·2023-01-15
ok
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GoodLife99
·2023-01-15
[Like]
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CookieMon12
·2023-01-15
Wooohooo
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River69
·2023-01-15
ok
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Wolfus
·2023-01-15
ok
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octa8
·2023-01-15
[Like]
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Chua92
·2023-01-15
K
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Ronronron
·2023-01-15
Good
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The decrease in margin was driven by lower revenue.\nRevenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%.\nRevenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.\nOver the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/WFC\">$Wells Fargo(WFC)$ &nbsp;</a>\nFull year 2022 earnings: EPS exceeds analyst expectations\nFull year 2022 results:\n◈EPS: US$3.17 (down from US$4.99 in FY 2021).\n◈Revenue: US$72.3b (down 13% from FY 2021).\n◈Net income: US$12.1b (down 40% from FY 2021).\n◈Profit margin: 17% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue.\nRevenue was in line with analyst estimates. 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