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Wells Fargo & Company (WFC) Debt to Equity Ratio: 2.35

Is Wells Fargo & Company’s debt to equity ratio high or low?

Wells Fargo & Company's debt to equity ratio of 2.35 is 52% above its 5-year average of 1.55, near the high end of its 5-year range (1.04–2.35).

The debt to equity ratio for Wells Fargo & Company (WFC) is 2.35 as of Wednesday, June 10, 2026. It is above its 12-month average by 19.90% (1.96).

WFC Debt to Equity Ratio Chart

WFC Debt to Equity Ratio
2.35+49.68% 1Y
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WFC Average Debt to Equity Ratio Chart

WFC Current vs Average Debt to Equity Ratio Chart

WFC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

2.35

DEBT TO EQUITY RATIO AVG TTM

1.96

DEBT TO EQUITY RATIO AVG 3Y

1.69

DEBT TO EQUITY RATIO AVG 5Y

1.55

DEBT TO EQUITY RATIO AVG 10Y

1.61

DEBT TO EQUITY RATIO AVG 15Y

1.52

DEBT TO EQUITY RATIO AVG 20Y

1.82

CURRENT VS TTM AVG

+19.90%

CURRENT VS 3Y AVG

+38.85%

CURRENT VS 5Y AVG

+51.94%

CURRENT VS 10Y AVG

+46.38%

CURRENT VS 15Y AVG

+54.67%

CURRENT VS 20Y AVG

+29.15%

WFC Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
Wells Fargo & Company (WFC)2.351.961.691.55
Citigroup Inc. (C)$228.07B3.373.102.932.76
American Express Company (AXP)$214.47B1.731.711.741.79
The Goldman Sachs Group, Inc. (GS)$296.20B4.884.974.664.58
Morgan Stanley (MS)$327.17B4.263.853.553.32
BlackRock, Inc. (BLK)$156.77B0.270.290.260.25
The Charles Schwab Corporation (SCHW)$156.50B0.630.781.010.78
Chubb Limited (CB)$128.60B0.240.240.250.26
S&P Global Inc. (SPGI)$126.25B0.450.410.372.19
The Progressive Corporation (PGR)$119.37B0.230.250.310.30

Financial Health

Debt/Equity

2.35

Current Ratio

0.29

Wells Fargo & Company Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Wells Fargo & Company Debt to Equity Ratio FAQ

What is the debt to equity ratio for Wells Fargo & Company (WFC)?
The debt to equity ratio for WFC stock is 2.35.
Is Wells Fargo & Company's debt to equity ratio high or low?
Wells Fargo & Company's debt to equity ratio of 2.35 is 52% above its 5-year average of 1.55, near the high end of its 5-year range (1.04–2.35).
What is the TTM average debt to equity ratio for Wells Fargo & Company (WFC)?
The TTM average debt to equity ratio for WFC stock is 1.96.
What is the 3Y average debt to equity ratio for Wells Fargo & Company (WFC)?
The 3Y average debt to equity ratio for WFC stock is 1.69.
What is the 5Y average debt to equity ratio for Wells Fargo & Company (WFC)?
The 5Y average debt to equity ratio for WFC stock is 1.55.
What is the 10Y average debt to equity ratio for Wells Fargo & Company (WFC)?
The 10Y average debt to equity ratio for WFC stock is 1.61.
What is the 15Y average debt to equity ratio for Wells Fargo & Company (WFC)?
The 15Y average debt to equity ratio for WFC stock is 1.52.
What is the 20Y average debt to equity ratio for Wells Fargo & Company (WFC)?
The 20Y average debt to equity ratio for WFC stock is 1.82.

Wells Fargo & Company Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2025-12-312.35
2024-12-311.57
2023-12-311.60
2022-12-311.25
2021-12-311.04
2020-12-311.47
2019-12-311.78
2018-12-311.71
2017-12-311.59
2016-12-311.76
2015-12-311.54
2014-12-311.34
2013-12-311.22
2012-12-311.17
2011-12-311.24
2010-12-311.68
2009-12-312.17
2008-12-313.79
2007-12-313.21
2006-12-312.18
2005-12-312.55
2004-12-312.52
2003-12-312.56
2002-12-312.76
2001-12-312.80
2000-12-312.34
1999-12-312.49
1998-12-311.75
1997-12-311.62
1996-12-313.41

About Wells Fargo & Company

Wells Fargo & Company is a prominent global financial institution, offering a broad spectrum of services that encompass banking, investment management, mortgage lending, and various consumer and commercial finance solutions throughout the United States and internationally. Its operations are structured into four key divisions: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The Consumer Banking and Lending division caters to individual customers and small enterprises, providing a range of financial offerings. These include fundamental services like checking and savings accounts, credit and debit cards, and diverse loan products for homes, vehicles, personal use, and small business expansion. The Commercial Banking segment focuses on delivering financial solutions to private, family-owned, and select publicly traded companies. This involves comprehensive banking and credit services for various industries and municipal entities, alongside secured lending, leasing options, and treasury management support. For corporate, commercial real estate, government, and institutional clients, the Corporate and Investment Banking division delivers an extensive portfolio of capital markets, banking, and financial products. Key services include corporate and investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income strategies, complemented by robust sales, trading, and research support. Finally, the Wealth and Investment Management segment specializes in offering personalized wealth management, brokerage services, financial planning, lending, private banking, and trust and fiduciary solutions. These are primarily targeted at affluent, high-net-worth, and ultra-high-net-worth individuals, often delivered through a network of financial advisors. Established in 1852, Wells Fargo & Company maintains its headquarters in San Francisco, California.

San Francisco, CA
217,000 employees
Financial Services / Banks - Diversified
Sector
Financial Services
Industry
Banks - Diversified
CEO
Charles W. Scharf