Wells Fargo & Company (WFC) Restructuring Costs (2020 - 2022)
Wells Fargo & Company (WFC) posted Restructuring Costs of $5.0 million for Q1 2022, down 92.42% sequentially from $66.0 million in Q4 2021, and down 61.54% YoY from $13.0 million in Q1 2021.
Wells Fargo & Company (WFC) Restructuring Costs (2020 - 2022) Analysis & Trends
Wells Fargo & Company has reported Restructuring Costs for 3 years, with the latest figure at $5.0 million in Q1 2022.
- Quarterly Restructuring Costs fell 61.54% year-over-year to $5.0 million in Q1 2022, while the trailing twelve-month figure through Dec 2022 was $5.0 million (down 93.42% YoY) and the FY2022 annual result came in at $5.0 million, down 93.42% from the prior year.
- Restructuring Costs retreated to $5.0 million in Q1 2022 per WFC's latest filing, from $66.0 million in the prior quarter.
- Over five years, Restructuring Costs peaked at $781.0 million in Q4 2020 and troughed at -$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.
- The sharpest annual moves came in 2021 and 2022: Restructuring Costs plunged 99.86% in 2021, then plunged 61.54% in 2022.
- Over 3 years, Restructuring Costs stood at $781.0 million in 2020, then tumbled by 91.55% to $66.0 million in 2021, then sank 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - |
| 10 | Bank of New York Mellon | 108.21 Bn | 46.98 Bn | - |
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 |