Wells Fargo is a banking and financial services holding company. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts, credit and debit cards, and automobile, student, mortgage, home equity, and small business loans. The Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. The Wealth and Investment Management segment offers financial planning, private banking, credit, investment management, and fiduciary services, as well as retirement and trust services. The company caters to individuals, businesses, and institutions.
Type | Public | |
Founded | 1852 | |
HQ | San Francisco, CA, US | Map |
Website | wellsfargo.com | |
Employee Ratings | More | |
Overall Culture | B+ | More |
USD | |
---|---|
Revenue (Q3, 2020) | 18.9b |
Gross profit (Q3, 2020) | 18.6b |
Gross profit margin (Q3, 2020), % | 98.5% |
Net income (Q3, 2020) | 2.2b |
Market capitalization (15-Jan-2021) | 132.5b |
Closing stock price (15-Jan-2021) | 32.0 |
Cash (30-Sept-2020) | 25.5b |
EV | 377.9b |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 23.9b | 24.4b | 24.5b | 25.0b | 25.0b | 25.7b | 26.3b | 26.5b | 26.9b | 17.7b | 17.8b | 18.9b |
Cost of goods sold | 1.9b | 2.2b | 2.6b | 3.1b | 3.5b | 3.8b | 4.7b | 4.9b | 4.9b | 260.0m | 244.0m | 291.0m |
Gross profit | 22.0b | 22.2b | 21.9b | 21.9b | 21.6b | 21.9b | 21.6b | 21.6b | 22.0b | 17.5b | 17.6b | 18.6b |
Gross profit Margin, % | 92% | 91% | 89% | 88% | 86% | 85% | 82% | 82% | 82% | 99% | 99% | 98% |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 19.7b | 20.2b | 19.2b | 18.1b | 20.5b | 18.8b | 20.7b | 20.9b | 22.4b | 22.7b | 24.7b | 25.5b |
Accounts Receivable | 947.2b | 946.4b | 940.8b | 936.9b | 934.1b | 932.3b | 938.3b | 940.2b | 945.2b | 998.6b | 916.2b | 900.6b |
PP&E | 8.3b | 8.4b | 8.4b | 8.8b | 8.9b | 8.8b | 8.8b | 9.4b | 9.3b | 9.1b | 9.0b | 9.0b |
Goodwill | 26.7b | 26.6b | 26.6b | 26.4b | 26.4b | 26.4b | 26.4b | 26.4b | 26.4b | 26.4b | 26.4b | 26.4b |
USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 5.5b | 11.4b | 16.1b | 5.3b | 10.6b | 16.7b | 6.0b | 12.3b | 17.1b | 505.0m | (1.8b) | 392.0m |
Depreciation and Amortization | 1.2b | 2.5b | 3.8b | 1.4b | 2.8b | 4.2b | 1.4b | 3.1b | 4.9b | 1.9b | 4.1b | 6.4b |
Accounts Payable | 933.0m | (3.0b) | (3.2b) | |||||||||
Cash From Operating Activities | 13.2b | 9.0b | 18.5b | 15.2b | 14.4b | 21.0b | 8.0b | 7.3b | (5.7b) | 17.3b | 33.4b | 24.8b |
USD | FY, 2016 |
---|---|
Revenue/Employee | 350.6k |
Debt/Equity | 1.8 x |
Debt/Assets | 0.2 x |
Financial Leverage | 9.6 x |
Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Under Management (Wealth and Investment Management) | $481 b | $484 b | $498 b | $482 b | $481 b | $487 b | $496 b | $504 b | $497 b | $494 b | $483 b | $466 b | $476 b | $495 b | $503 b | $509 b |
Purchase Volume (Consumer Credit Card Portfolio) | $17.47 b | $19.39 b | $19.64 b | $20.18 b | $17.92 b | $20 b | $20.24 b | $21.16 b | $19.11 b | $21.24 b | $21.48 b | $22.25 b | $20.06 b | $22.46 b | $22.53 b | $23.13 b |
POS Transactions (Consumer Credit Card Portfolio) | 256 m | 283 m | 296 m | 302 m | 271 m | 297 m | 306 m | 315 m | 286 m | 310 m | 319 m | 329 m | 299 m | 329 m | 337 m | 341 m |
New Accounts (Consumer Credit Card Portfolio) | 664.34 k | 680 k | 667 k | 319 k | 358 k | 395 k | 461 k | 378 k | 397 k | 423 k | 539 k | 449 k | 507 k | 498 k | 469 k | 366 k |
Company Name | Date | Deal Size |
---|---|---|
Merlin Securities | April 27, 2012 | |
Ragen Mackenzie | September 28, 1999 | $240 m |
AILS | ||
Augustus Ventures Limited | ||
Azalea Asset Management | ||
Bergamasco Funding | ||
Biscoe Finance | ||
Brittlebush Financing | ||
Carnation Asset Management | ||
Danube Holdings I C.V. |
Wells Fargo revenue breakdown by business segment: 17.8% from Wealth and Investment Management, 51.0% from Community Banking and 31.2% from Wholesale Banking
Wells Fargo has 322.46k Twitter Followers. The number of followers has decreased 0.1% month over month and decreased 0.1% quarter over quarter
21.2k
Tweets
306
Following
322.5k
Followers
283
Tweets last 30 days
4.4
Avg. likes per Tweet
30.4%
Tweets with engagement
B+
72/100
A-
74/100
B+
74/100
C+
67/100
When was Wells Fargo founded?
Wells Fargo was founded in 1852.
Who are Wells Fargo key executives?
Wells Fargo's key executives are Charles W. Scharf, John D. Baker and David C. Galloreese.
How many employees does Wells Fargo have?
Wells Fargo has 259,800 employees.
What is Wells Fargo revenue?
Latest Wells Fargo annual revenue is $85.1 b.
What is Wells Fargo revenue per employee?
Latest Wells Fargo revenue per employee is $327.4 k.
Who are Wells Fargo competitors?
Competitors of Wells Fargo include BNP Paribas, Goldman Sachs and Citi.
Where is Wells Fargo headquarters?
Wells Fargo headquarters is located at 420 Montgomery St, San Francisco, San Francisco.
Where are Wells Fargo offices?
Wells Fargo has offices in San Francisco, Charlotte, Portland, Buenos Aires and in 33 other locations.
How many offices does Wells Fargo have?
Wells Fargo has 37 offices.
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