Wells Fargo & Company (WFCNP) 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

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DateValue
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