Wells Fargo & Company (WFC) - Net Assets
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. Check WFC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Wells Fargo & Company assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Wells Fargo & Company market capitalisation.
| 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 |
|---|---|
|
Toyota Motor Corporation
MX:TMN
|
$251.73 Billion |
|
AstraZeneca PLC
F:ZEGA
|
$252.57 Billion |
|
Kweichow Moutai Co Ltd
SHG:600519
|
$253.76 Billion |
|
Roche Holding AG
SW:ROP
|
$254.60 Billion |
|
Royal Bank of Canada
TO:RY
|
$247.35 Billion |
|
Westpac Banking Corporation
AU:WBCPI
|
$243.39 Billion |
|
Novartis AG
SW:NOVN
|
$241.30 Billion |
|
China Construction Bank Corporation
F:C6T
|
$239.50 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: 1.44x
- 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 46.80x to 1.44x 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 | $80.81 | x |
| 1990-12-31 | $1.99 | $80.81 | x |
| 1991-12-31 | $2.48 | $80.81 | x |
| 1992-12-31 | $2.20 | $80.81 | x |
| 1993-12-31 | $2.65 | $80.81 | x |
| 1994-12-31 | $3.00 | $80.81 | x |
| 1995-12-31 | $3.95 | $80.81 | x |
| 1996-12-31 | $4.12 | $80.81 | x |
| 1997-12-31 | $13.00 | $80.81 | x |
| 1998-12-31 | $6.32 | $80.81 | x |
| 1999-12-31 | $6.87 | $80.81 | x |
| 2000-12-31 | $7.66 | $80.81 | x |
| 2001-12-31 | $7.89 | $80.81 | x |
| 2002-12-31 | $8.82 | $80.81 | x |
| 2003-12-31 | $10.15 | $80.81 | x |
| 2004-12-31 | $11.05 | $80.81 | x |
| 2005-12-31 | $11.92 | $80.81 | x |
| 2006-12-31 | $13.43 | $80.81 | x |
| 2007-12-31 | $14.08 | $80.81 | x |
| 2008-12-31 | $29.22 | $80.81 | x |
| 2009-12-31 | $24.50 | $80.81 | x |
| 2010-12-31 | $24.02 | $80.81 | x |
| 2011-12-31 | $26.34 | $80.81 | x |
| 2012-12-31 | $29.44 | $80.81 | x |
| 2013-12-31 | $31.68 | $80.81 | x |
| 2014-12-31 | $34.63 | $80.81 | x |
| 2015-12-31 | $37.05 | $80.81 | x |
| 2016-12-31 | $39.07 | $80.81 | x |
| 2017-12-31 | $41.24 | $80.81 | x |
| 2018-12-31 | $40.54 | $80.81 | x |
| 2019-12-31 | $42.29 | $80.81 | x |
| 2020-12-31 | $44.67 | $80.81 | x |
| 2021-12-31 | $45.80 | $80.81 | x |
| 2022-12-31 | $46.88 | $80.81 | x |
| 2023-12-31 | $49.92 | $80.81 | x |
| 2024-12-31 | $51.66 | $80.81 | x |
| 2025-12-31 | $56.29 | $80.81 | 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: $1,480,448,827,872
- Average return on equity (ROE) among peers: 9.37%
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 | $249.91 Billion |
| Bank of America Corp (BAC) | $231.44 Billion | 2.71% | 8.64x | $349.79 Billion |
| Banco Bilbao Viscaya Argentaria SA ADR (BBVA) | $20.47 Billion | 10.86% | 13.00x | $122.53 Billion |
| The Bank of New York Mellon Corporation (BK) | $7.65 Billion | 18.67% | 9.08x | $80.26 Billion |
| Citigroup Inc (C) | $202.27 Billion | -3.36% | 8.11x | $223.34 Billion |
| ING Group NV ADR (ING) | $36.13 Billion | 13.66% | 12.68x | $80.23 Billion |
| JPMorgan Chase & Co (JPM) | $294.13 Billion | 16.43% | 11.73x | $838.59 Billion |
| Mitsubishi UFJ Financial Group Inc ADR (MUFG) | $3.20 Trillion | 1.11% | 21.48x | $194.79 Billion |
| Bank of N.T. Butterfield & Son Ltd (NTB) | $394.93 Million | 19.37% | 18.45x | $2.20 Billion |
| Banco Santander SA ADR (SAN) | $29.30 Billion | 7.73% | 10.94x | $167.40 Billion |
| Sumitomo Mitsui Financial Group Inc (SMFG) | $10.78 Trillion | 6.53% | 19.39x | $130.14 Billion |
About 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