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Wells Return on Average Equity Trend from 2010 to 2020

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:3em;padding-top: 40px;;'>WFC</div>
WFC -- USA Stock  

Trending

Wells Fargo Return on Average Equity is decreasing over the years with slightly volatile fluctuation. Return on Average Equity is expected to dwindle to 0.14. From 2010 to 2020 Wells Fargo Return on Average Equity quarterly data regression line had arithmetic mean of 10.87 and r-squared of  0.23. Wells Fargo Gross Profit is expected to significantly increase based on the last few years of reporting. The last year's Gross Profit was at 76.05 Billion. The current year Net Income is expected to grow to about 21.1 B, whereas Consolidated Income is expected to decline to about 15.7 B. Check Wells Fargo fundamental indicators over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Consolidated Income of 15.7 B, Earning Before Interest and Taxes EBIT of 22.8 B or Gross Profit of 84.7 B, as well as many exotic indicators such as Calculated Tax Rate of 28.67, PPandE Turnover of 9.66 or Cash and Equivalents Turnover of 0.7472. This can be a perfect complement to check Wells Fargo Valuation or Volatility. It can also complement various Wells Fargo Technical models. Check out the analysis of Wells Fargo Correlation with competitors.
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Wells Return on Average Equity Marginal Breakdown

Showing smoothed Return on Average Equity of Wells Fargo Company with missing and latest data points interpolated. Return on equity measures a corporation's profitability by calculating the amount of net income common stock returned as a percentage of average equity.
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13.59 

          10 Years Trend
Decreasing
Slightly volatile
 Return on Average Equity 
    
  Timeline 

Wells Return on Average Equity Regression Statistics

Arithmetic Mean 10.87
Geometric Mean 7.93
Coefficient Of Variation 33.92
Mean Deviation 2.04
Median 11.90
Standard Deviation 3.69
Sample Variance 13.60
Range 13.22
R-Value(0.48)
Mean Square Error 11.57
R-Squared 0.23
Significance 0.13
Slope(0.54)
Total Sum of Squares 135.97

Wells Return on Average Equity Over Time

2018  11.11 
2019  12.78 
2020  0.14 

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Wells Fargo Fundamental Drivers

Wells Fargo Company Fundamental Market Drivers

Short Percent Of Float0.91%
Forward Price Earnings10.34
Shares Short Prior Month42.14M
Average Daily Volume Last 10 Day16.37M
Average Daily Volume In Three Month19.3M
Date Short InterestJanuary 31, 2020
Fifty Day Average49.14
Two Hundred Day Average50.02

Wells Fargo Upcoming Events

Wells Fargo Upcoming Company Events

Upcoming Quarterly Earning ReportApril 10, 2020
Next Earnings ReportJuly 21, 2020
Next Fiscal Quarter EndMarch 31, 2020
Next Fiscal Year EndJanuary 12, 2021
Last Quarter Report DateDecember 31, 2019
Last Earning Anouncement DateMarch 31, 2019
Check out the analysis of Wells Fargo Correlation with competitors. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.