Wells Fargo (WFC)
Wells Fargo Accruals: -11.88B
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WFC Accruals Rankings
| Overall | 0th percentile | 4307 of 4310 |
| Sector | 0th percentile | 860 of 862 in Financial |
| Industry | 0th percentile | 18 of 18 in Money Center Banks |
WFC Accruals Range, Past 5 Years
| Minimum | -13.64B | Mar 2011 |
| Maximum | 28.01B | Dec 2011 |
| Average | -1.488B |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
Learn More
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WFC News
about 2 hours ago by God_Bless
Jun 01, 8:59AM Street Insider
about a day ago by CompassCapital
about a day ago by OptionsCommander
about 2 days ago by ycharts
about 3 days ago by God_Bless
about 5 days ago by 61point8
about 6 days ago by microurja
about 8 days ago by tradingfloorcom
about 9 days ago by RedSoloCupTrader2
May 23, 9:17AM Street Insider
about 10 days ago by journalistjosh
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WFC | 30.88 | -1.17 | -3.65% | 169.15B |
| WF | 27.58 | -0.47 | -1.68% | 7.536B |
| WAT | 77.33 | -2.45 | -3.07% | 7.105B |
| WASH | 23.28 | -0.28 | -1.19% | 385.21M |
| WAL | 8.43 | -0.29 | -3.33% | 724.89M |
| WAIR | 13.51 | -0.36 | -2.60% | 1.189B |
| WAG | 30.16 | -0.36 | -1.18% | 26.66B |
| WACLY | 55.46 | -0.67 | -1.19% | 1.581B |
| WAC | 18.79 | -0.14 | -0.74% | 527.77M |
| WABC | 44.15 | -0.56 | -1.25% | 1.256B |
