Wells Fargo презентация

an employee, customer, shareholder, or prospective investor, then I encourage you to scroll through this brief slideshow. The following five slides reveal how Wells Fargo matches up to its competitors, banks with more than $100 billion in assets, in five of the most critical measures of bank performance.

Wells Fargo

How does the nation’s fourth-biggest bank by assets compare to its peers on five essential measures of bank performance?

quarter of 2015,
Wells Fargo retained its title as the second most profitable big bank in the
country, behind only U.S. Bancorp. It’s worth noting that these two banks
employ similar business strategies, focusing on commercial as opposed
to investment banking, and relentlessly cutting expenses.

as the
efficiency ratio – the percentage of net revenue absorbed by operating
expenses. A low number is better than a high one, and the typical goal
is to come in below 60%, which Wells Fargo does consistently. Its 56.7%
ratio is second-best among big banks, behind only U.S. Bancorp.

Efficiency Ratio

divide its abundant profits equally among dividends, share buybacks, and retained earnings. Its 37% payout leaves the bank enough new capital to grow, but not so much that it encourages the imprudent risk-taking that the $1.7 trillion bank has avoided so successfully for multiple decades.

37%

JPM

FITB

STI

BBT

COF

PNC

USB

WFC

C

BAC

its tangible book value per share by 770% over the past two decades – you can think of this as its net worth. If it weren’t for the exceptional performances of Capital One and U.S. Bancorp over the same 20-year stretch, Wells Fargo would tower over its competitors in terms of the pace of capital accumulation.

regard to efficiency and profitability, as well as capital accumulation and
allocation – is reflected in its stock price – or, more specifically, its valuation.
Wells Fargo’s shares almost always trade for a higher multiple of book value
than its big bank peers – the chart reflects 10-year median valuations.

Share Price to Tangible Book Value

Wells Fargo

Big Bank Average

help the world invest better. We’ve done this over
the past 20 years by thinking long term and outside the box – even if that means
turning Wall Street on its head. To learn more about what The Motley Fool thinks
about current investment trends, and receive a special free report about what
might be the next big industry to come out of Silicon Valley, just click here now.