Wells Fargo & Company (WFC-PC) Restructuring Costs (2020 - 2022)
Wells Fargo & Company recorded quarterly Restructuring Costs of $5.0 million in Q1 2022, down 92.42% quarter-over-quarter from $66.0 million in Q4 2021, and down 61.54% year-over-year from $13.0 million in Q1 2021.
Wells Fargo & Company's Restructuring Costs history runs 3 years deep, the most recent figure standing at $5.0 million for Q1 2022.
- In Q1 2022, Restructuring Costs fell 61.54% year-over-year to $5.0 million; the TTM figure through Dec 2022 stood at $5.0 million (down 93.42% YoY), while the FY2022 annual figure was $5.0 million, down 93.42% from the prior year.
- Restructuring Costs came in at $5.0 million for Q1 2022 at Wells Fargo & Company, down from $66.0 million in the prior quarter.
- In the past five years, Restructuring Costs ranged from a high of $781.0 million in Q4 2020 to a low of -$4.0 million in Q2 2021.
- A 3-year average of $225.7 million and a median of $13.0 million in 2021 frame the typical range for Restructuring Costs.
- Across the five-year window, Restructuring Costs tumbled 99.86% in 2021 and tumbled 61.54% in 2022, its largest moves.
- Wells Fargo & Company's Restructuring Costs stood at $781.0 million in 2020, then slumped by 91.55% to $66.0 million in 2021, then plunged by 92.42% to $5.0 million in 2022.
- According to Business Quant data, Restructuring Costs over the past three periods registered $5.0 million, $66.0 million, and $1.0 million for Q1 2022, Q4 2021, and Q3 2021 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,282,929,665.61 Bn | 1,282,929,665.82 Bn | - |
| 2 | Toronto Dominion Bank | 928.05 Bn | 749.34 Bn | - |
| 3 | Hsbc Holdings | 799.80 Bn | 799.80 Bn | - |
| 4 | Barclays | 460.27 Bn | 460.27 Bn | - |
| 5 | Bank Of America | 373.62 Bn | -233.08 Bn | 29.24 Bn |
| 6 | Bank Of Montreal | 316.89 Bn | 316.89 Bn | - |
| 7 | Wells Fargo & Company | 238.28 Bn | 163.21 Bn | - |
| 8 | Citigroup | 235.82 Bn | -1,949.18 Bn | 19.85 Bn |
| 9 | Bank of New York Mellon | 94.86 Bn | 37.94 Bn | - |
| 10 | Wells Fargo & Company | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2022 | 5.00 Mn |
| Dec 31, 2021 | 66.00 Mn |
| Sep 30, 2021 | 1.00 Mn |
| Jun 30, 2021 | -4.00 Mn |
| Mar 31, 2021 | 13.00 Mn |
| Dec 31, 2020 | 781.00 Mn |
| Sep 30, 2020 | 718.00 Mn |