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 segm… Read more
Wells Fargo & Company (WFC) - Net Assets
Latest net assets as of December 2025: $183.04 Billion USD
Based on the latest financial reports, Wells Fargo & Company (WFC) has net assets worth $183.04 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.15 Trillion) and total liabilities ($1.97 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $183.04 Billion |
| % of Total Assets | 8.52% |
| Annual Growth Rate | 14.79% |
| 5-Year Change | -3.72% |
| 10-Year Change | -8.71% |
| Growth Volatility | 40.81 |
Wells Fargo & Company - Net Assets Trend (1989–2025)
This chart illustrates how Wells Fargo & Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wells Fargo & Company (1989–2025)
The table below shows the annual net assets of Wells Fargo & Company from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $183.04 Billion | +1.09% |
| 2024-12-31 | $181.07 Billion | -3.40% |
| 2023-12-31 | $187.44 Billion | +3.06% |
| 2022-12-31 | $181.88 Billion | -4.33% |
| 2021-12-31 | $190.11 Billion | +2.37% |
| 2020-12-31 | $185.71 Billion | -1.21% |
| 2019-12-31 | $187.98 Billion | -4.61% |
| 2018-12-31 | $197.07 Billion | -5.29% |
| 2017-12-31 | $208.08 Billion | +3.78% |
| 2016-12-31 | $200.50 Billion | +3.41% |
| 2015-12-31 | $193.89 Billion | +4.66% |
| 2014-12-31 | $185.26 Billion | +8.34% |
| 2013-12-31 | $171.01 Billion | +7.61% |
| 2012-12-31 | $158.91 Billion | +12.16% |
| 2011-12-31 | $141.69 Billion | +10.79% |
| 2010-12-31 | $127.89 Billion | +11.83% |
| 2009-12-31 | $114.36 Billion | +11.77% |
| 2008-12-31 | $102.32 Billion | +114.82% |
| 2007-12-31 | $47.63 Billion | +3.96% |
| 2006-12-31 | $45.81 Billion | +12.68% |
| 2005-12-31 | $40.66 Billion | +7.38% |
| 2004-12-31 | $37.87 Billion | +9.86% |
| 2003-12-31 | $34.47 Billion | +13.69% |
| 2002-12-31 | $30.32 Billion | +11.41% |
| 2001-12-31 | $27.21 Billion | +2.74% |
| 2000-12-31 | $26.49 Billion | +10.96% |
| 1999-12-31 | $23.87 Billion | +14.99% |
| 1998-12-31 | $20.76 Billion | +4.96% |
| 1997-12-31 | $19.78 Billion | +226.14% |
| 1996-12-31 | $6.06 Billion | +14.16% |
| 1995-12-31 | $5.31 Billion | +38.11% |
| 1994-12-31 | $3.85 Billion | +7.79% |
| 1993-12-31 | $3.57 Billion | +16.13% |
| 1992-12-31 | $3.07 Billion | +18.58% |
| 1991-12-31 | $2.59 Billion | +58.22% |
| 1990-12-31 | $1.64 Billion | +28.17% |
| 1989-12-31 | $1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wells Fargo & Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20375.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $228.87 Billion | 126.37% |
| Common Stock | $9.14 Billion | 5.04% |
| Other Comprehensive Income | $-6.67 Billion | -3.68% |
| Total Equity | $181.12 Billion | 100.00% |
Wells Fargo & Company Competitors by Market Cap
The table below lists competitors of Wells Fargo & Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goldman Sachs Group Inc
NYSE:GS
|
$236.20 Billion |
|
SAP SE
PINK:SAPGF
|
$238.59 Billion |
|
The Goldman Sachs Group, Inc.
LSE:0R3G
|
$241.92 Billion |
|
Roche Holding AG
OTCQX:RHHBF
|
$243.19 Billion |
|
International Business Machines
NYSE:IBM
|
$232.33 Billion |
|
McDonald’s Corporation
NYSE:MCD
|
$231.14 Billion |
|
Royal Bank of Canada
NYSE:RY
|
$229.74 Billion |
|
GE Vernova LLC
NYSE:GEV
|
$227.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wells Fargo & Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 179,120,000,000 to 181,117,000,000, a change of 1,997,000,000 (1.1%).
- Net income of 21,338,000,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 5,503,000,000.
- Other factors decreased equity by 24,844,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.34 Billion | +11.78% |
| Other Comprehensive Income | $5.50 Billion | +3.04% |
| Other Changes | $-24.84 Billion | -13.72% |
| Total Change | $- | 1.11% |
Book Value vs Market Value Analysis
This analysis compares Wells Fargo & Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 44.15x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $1.73 | $76.23 | x |
| 1990-12-31 | $1.99 | $76.23 | x |
| 1991-12-31 | $2.48 | $76.23 | x |
| 1992-12-31 | $2.20 | $76.23 | x |
| 1993-12-31 | $2.65 | $76.23 | x |
| 1994-12-31 | $3.00 | $76.23 | x |
| 1995-12-31 | $3.95 | $76.23 | x |
| 1996-12-31 | $4.12 | $76.23 | x |
| 1997-12-31 | $13.00 | $76.23 | x |
| 1998-12-31 | $6.32 | $76.23 | x |
| 1999-12-31 | $6.87 | $76.23 | x |
| 2000-12-31 | $7.66 | $76.23 | x |
| 2001-12-31 | $7.89 | $76.23 | x |
| 2002-12-31 | $8.82 | $76.23 | x |
| 2003-12-31 | $10.15 | $76.23 | x |
| 2004-12-31 | $11.05 | $76.23 | x |
| 2005-12-31 | $11.92 | $76.23 | x |
| 2006-12-31 | $13.43 | $76.23 | x |
| 2007-12-31 | $14.08 | $76.23 | x |
| 2008-12-31 | $29.22 | $76.23 | x |
| 2009-12-31 | $24.50 | $76.23 | x |
| 2010-12-31 | $24.02 | $76.23 | x |
| 2011-12-31 | $26.34 | $76.23 | x |
| 2012-12-31 | $29.44 | $76.23 | x |
| 2013-12-31 | $31.68 | $76.23 | x |
| 2014-12-31 | $34.63 | $76.23 | x |
| 2015-12-31 | $37.05 | $76.23 | x |
| 2016-12-31 | $39.07 | $76.23 | x |
| 2017-12-31 | $41.24 | $76.23 | x |
| 2018-12-31 | $40.54 | $76.23 | x |
| 2019-12-31 | $42.29 | $76.23 | x |
| 2020-12-31 | $44.67 | $76.23 | x |
| 2021-12-31 | $45.80 | $76.23 | x |
| 2022-12-31 | $46.88 | $76.23 | x |
| 2023-12-31 | $49.92 | $76.23 | x |
| 2024-12-31 | $51.66 | $76.23 | x |
| 2025-12-31 | $56.29 | $76.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wells Fargo & Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.27%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 11.86x
- Recent ROE (11.78%) is below the historical average (13.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 18.55% | 8.09% | 0.12x | 19.04x | $109.22 Million |
| 1990 | 17.13% | 8.06% | 0.11x | 18.70x | $116.83 Million |
| 1991 | 15.38% | 9.02% | 0.11x | 14.86x | $139.38 Million |
| 1992 | 14.54% | 9.65% | 0.10x | 14.50x | $139.43 Million |
| 1993 | 18.32% | 12.39% | 0.10x | 14.23x | $296.76 Million |
| 1994 | 20.81% | 13.27% | 0.10x | 15.42x | $415.76 Million |
| 1995 | 18.00% | 12.64% | 0.10x | 13.58x | $424.79 Million |
| 1996 | 36.74% | 12.65% | 0.22x | 13.22x | $1.62 Billion |
| 1997 | 12.64% | 12.96% | 0.10x | 9.39x | $521.20 Million |
| 1998 | 9.39% | 9.52% | 0.10x | 9.75x | $-125.90 Million |
| 1999 | 16.81% | 16.78% | 0.10x | 10.10x | $1.62 Billion |
| 2000 | 15.20% | 14.60% | 0.10x | 10.28x | $1.38 Billion |
| 2001 | 12.53% | 12.30% | 0.09x | 11.30x | $689.60 Million |
| 2002 | 17.92% | 18.59% | 0.08x | 11.52x | $2.40 Billion |
| 2003 | 17.99% | 19.50% | 0.08x | 11.25x | $2.76 Billion |
| 2004 | 18.52% | 20.95% | 0.08x | 11.30x | $3.23 Billion |
| 2005 | 18.87% | 19.23% | 0.08x | 11.85x | $3.60 Billion |
| 2006 | 18.38% | 17.82% | 0.10x | 10.52x | $3.84 Billion |
| 2007 | 16.92% | 15.24% | 0.09x | 12.08x | $3.29 Billion |
| 2008 | 2.68% | 5.07% | 0.04x | 13.22x | $-7.25 Billion |
| 2009 | 10.98% | 12.47% | 0.08x | 11.13x | $1.10 Billion |
| 2010 | 9.78% | 13.37% | 0.07x | 9.95x | $-278.80 Million |
| 2011 | 11.32% | 18.43% | 0.07x | 9.37x | $1.84 Billion |
| 2012 | 11.99% | 21.05% | 0.06x | 9.03x | $3.14 Billion |
| 2013 | 12.86% | 25.26% | 0.06x | 8.95x | $4.86 Billion |
| 2014 | 12.50% | 26.81% | 0.05x | 9.15x | $4.62 Billion |
| 2015 | 11.86% | 26.07% | 0.05x | 9.26x | $3.59 Billion |
| 2016 | 10.99% | 23.29% | 0.05x | 9.67x | $1.98 Billion |
| 2017 | 10.72% | 22.70% | 0.05x | 9.43x | $1.49 Billion |
| 2018 | 11.42% | 22.16% | 0.05x | 9.66x | $2.78 Billion |
| 2019 | 10.53% | 18.65% | 0.05x | 10.30x | $1.00 Billion |
| 2020 | 1.83% | 4.11% | 0.04x | 10.57x | $-15.09 Billion |
| 2021 | 11.78% | 26.61% | 0.04x | 10.38x | $3.35 Billion |
| 2022 | 7.60% | 16.39% | 0.04x | 10.46x | $-4.31 Billion |
| 2023 | 10.31% | 24.80% | 0.04x | 10.40x | $568.50 Million |
| 2024 | 11.01% | 15.73% | 0.06x | 10.77x | $1.81 Billion |
| 2025 | 11.78% | 17.27% | 0.06x | 11.86x | $3.23 Billion |
Industry Comparison
This section compares Wells Fargo & Company's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wells Fargo & Company (WFC) | $183.04 Billion | 18.55% | 10.74x | $235.14 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $338.02 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.57 Billion |