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0:00 / 0:00I. Business Overview & Strategy
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Wells Fargo Hits $1.9 Trillion Assets with 11% CET1 Capital Amid Regulatory Hurdles

WFC10-KFiling Date: 2/20/2024
Wells Fargo & Company
Description

What this story covers

Wells Fargo's 2023 10-K reveals 1 point 9 trillion dollars assets, 82 point 6 billion dollars revenue, and strong liquidity with CET1 at 11 percent. Diversified segments drive growth, but higher rates compress margins to 2 point 90 percent. Regulatory oversight intensifies, while risks like cybersecurity and CRE exposure loom. Capital returns include 30 billion dollars repurchase plan.

Story snapshot

CompanyWells Fargo & Company
TickerWFC
VariantStandard detailed
Duration16:24
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0000072971-24-000064

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