Key Insights on Wells Fargo Financial Performance

⚡Total net revenue declined by 18.04% from 2016 to 2020 with a YoY decline of 14.96% in 2020

⚡ Total noninterest expense grew by 10.03% from 2016 to 2020 with a YoY decline of 0.94% in 2020

⚡ Provision for credit losses increased by 425.83% YoY in 2020.

⚡Net Income declined by 83.73% from 2016 to 2020 with a YoY decline of 82.11% in 2020.

⚡Net Loans: Net Loans declined by 4.00% from 2016 to 2020 with a YoY decline of 8.77% in 2020.

⚡ Deposits : Deposits increased by 14.80% from 2016 to 2020 with a YoY increase of 6.18% in 2020.

⚡ Return on Equity: Wells Fargo returns to stockholders increased from 11.37% in 2016 to 1.93% in 2020.

⚡Leverage: Wells Fargo is highly geared with a gearing ratio of 146.27% in 2020

Source : Bank of America Annual Report