BAC vs WFC
Bank of America Corp. and Wells Fargo & Company, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BAC | WFC |
|---|---|---|
| Revenue | $113.1B | $83.7B |
| Net income | $30.5B | $21.3B |
| Gross margin | · | · |
| Net margin | 27.0% | 25.5% |
| Return on equity | 10.2% | 11.8% |
| Diluted EPS | $3.81 | $6.26 |
| Dividend / share | $1.08 | $1.70 |
| Payout ratio | · | 25.5% |
| Free cash flow | · | · |
| Equity | $303.2B | $181.1B |
| Net debt / equity | 0.44× | 0.11× |
| Current ratio | · | · |
| Revenue CAGR 5y | 5.7% | 2.4% |
| Profit CAGR 5y | 11.3% | 44.6% |
BAC bills 1.4× the revenue of WFC, and keeps more of each dollar of revenue as profit (27.0% against 25.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BAC | WFC |
|---|---|---|
| FY2025 | $113.1B | $83.7B |
| FY2024 | $105.9B | $82.3B |
| FY2023 | $102.8B | $82.6B |
| FY2022 | $95.0B | $74.4B |
| FY2021 | $89.1B | $79.2B |
| FY2020 | $85.5B | $74.3B |
| FY2019 | $91.2B | $86.8B |
| FY2018 | $91.0B | $86.4B |
| FY2017 | $87.1B | $88.4B |
| FY2016 | $83.7B | $88.3B |
Bottom line
| Fiscal year | BAC | WFC |
|---|---|---|
| FY2025 | $30.5B | $21.3B |
| FY2024 | $27.0B | $19.7B |
| FY2023 | $26.3B | $19.1B |
| FY2022 | $27.5B | $13.7B |
| FY2021 | $32.0B | $22.1B |
| FY2020 | $17.9B | $3.4B |
| FY2019 | $27.4B | $19.7B |
| FY2018 | $28.1B | $22.4B |
| FY2017 | $18.2B | $22.2B |
| FY2016 | $17.8B | $21.9B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$29,398,000,000 | BAC |
| FY2024 | +$23,560,000,000 | BAC |
| FY2023 | +$20,172,000,000 | BAC |
| FY2022 | +$20,582,000,000 | BAC |
| FY2021 | +$9,947,000,000 | BAC |
| FY2020 | +$11,264,000,000 | BAC |
| FY2019 | +$4,412,000,000 | BAC |
| FY2018 | +$4,612,000,000 | BAC |
| FY2017 | −$1,263,000,000 | WFC |
| FY2016 | −$4,566,000,000 | WFC |
The higher-revenue side has changed between BAC and WFC over this period. The gap has widened since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +1.5 pp | BAC |
| FY2024 | +1.5 pp | BAC |
| FY2023 | +2.6 pp | BAC |
| FY2022 | +11.0 pp | BAC |
| FY2021 | +5.8 pp | BAC |
| FY2020 | +16.0 pp | BAC |
| FY2019 | +7.0 pp | BAC |
| FY2018 | +4.4 pp | BAC |
| FY2017 | −4.2 pp | WFC |
| FY2016 | −3.6 pp | WFC |
The higher net margin has changed hands between BAC and WFC over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WFC's net margin has been more volatile than BAC's over the 10 comparable fiscal years — 6.5 percentage points of standard deviation against 4.7.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BAC and WFC over these 10 fiscal years — BAC led in 8 and WFC in 2.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BAC's return on equity has been more volatile than WFC's over the 19 comparable fiscal years — 3.8 percentage points of standard deviation against 3.3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BAC and WFC over these 19 fiscal years — BAC led in 3 and WFC in 16.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.