The pre-tax pre-provision profit of Wells Fargo decreased considerably between 2009 and 2023. Wells Fargo's pre-tax pre-provision profit, a figure that allows to assess the company’s ability to generate capital to cover credit losses through a credit cycle, amounted to approximately 27 billion U.S. dollars in 2023.
Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023
(in billion U.S. dollars)
Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. The source adds the following information: "Pre-tax pre-provision profit (PTPP) is total revenue less noninterest expense. Management believes that PTPP is a useful financial measure because it enables investors and others to assess the Company’s ability to generate capital to cover credit losses through a credit cycle.".
Figures have been rounded. Data prior to year 2021 has been derived from previous annual reports.
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Wells Fargo. (March 8, 2024). Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/
Wells Fargo. "Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (in billion U.S. dollars)." Chart. March 8, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/
Wells Fargo. (2024). Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/
Wells Fargo. "Pre-tax Pre-provision Profit of Wells Fargo from 2009 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/
Wells Fargo, Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/ (last visited November 10, 2024)
Pre-tax pre-provision profit of Wells Fargo from 2009 to 2023 (in billion U.S. dollars) [Graph], Wells Fargo, March 8, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/295421/wells-fargo-pre-tax-profit/
