Wells Fargo

Wells Fargo is an American multinational banking and financial services holding company with operations around the world. Wells Fargo delineates three different business segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement.


Company Growth (employees)
Type
Public
HQ
San Francisco, US
Founded
1852
Size (employees)
268,000 (est)-1%
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US

Key People/Management at Wells Fargo

Timothy Sloan

Timothy Sloan

CEO, President
Richard Levy

Richard Levy

EVP, Controller
Franklin Codel

Franklin Codel

Senior EVP, Consumer Lending
John Shrewsberry

John Shrewsberry

Senior EVP, Chief Financial Officer
Mary Mack

Mary Mack

Senior EVP, Community Banking
Perry Pelos

Perry Pelos

Senior EVP, Wholesale Banking
Hope Hardison

Hope Hardison

Senior EVP, Chief Administrative Officer

Wells Fargo Office Locations

Wells Fargo has offices in San Francisco, Shanghai, Frankfurt, Hong Kong and in 6 other locations
San Francisco, US (HQ)
420 Montgomery Street
London, GB
One Plantation Place, 30 Fenchurch Street
Dubai, AE
Gate Village 5, Office 111, Level 1, PO Box 53089, DIFC
Taipei, TW
17th Floor , 44 Chung Shan North Road, D37, Sec. 2
Singapore, SG
80 Raffles Place, #26-20/21 UOB Plaza 2
Seoul, KR
3rd Floor - Hancom Building , D3021, Sogong-dong, Chung-ku
Show all (10)

Wells Fargo Financials and Metrics

Wells Fargo Financials

Wells Fargo's revenue was reported to be $94.2 b in FY, 2016
USD

Revenue (Q3, 2017)

24.5 b

Gross profit (Q3, 2017)

21.9 b

Gross profit margin (Q3, 2017), %

89%

EBIT (Q3, 2017)

12.5 b

Market capitalization (13-Nov-2017)

268.4 b

Cash (30-Sep-2017)

19.2 b

EV

582 b
Wells Fargo's current market capitalization is $268.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

88.1 b88.4 b90 b94.2 b

Revenue growth, %

0%2%5%

Cost of goods sold

4.3 b4 b4 b5.9 b

Gross profit

83.8 b84.3 b86.1 b88.3 b
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

21.6 b22.1 b22.2 b22.3 b22.3 b22.9 b23.5 b23.6 b23.9 b23.9 b24.4 b24.5 b

Cost of goods sold

997 m1 b1 b977 m956 m988 m1.3 b1.4 b1.5 b1.9 b2.2 b2.6 b

Gross profit

20.6 b21.1 b21.2 b21.3 b21.3 b21.9 b22.2 b22.2 b22.3 b22 b22.2 b21.9 b

Gross profit Margin, %

95%95%95%96%96%96%94%94%94%92%91%89%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.9 b19.6 b19.1 b20.7 b

Accounts Receivable

26.8 m

Inventories

967.6 b

PP&E

9.2 b8.7 b8.7 b8.3 b
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

19.7 b20.6 b18 b19.8 b19.7 b17.4 b19.1 b20.4 b19.3 b19.7 b20.2 b19.2 b

Inventories

826 b829 b839 b861 b888 b903 b947 b957 b961 b958 b957 b952 b

PP&E

9 b9 b8.8 b8.7 b8.7 b8.8 b8.3 b8.3 b8.3 b8.3 b8.4 b8.4 b

Goodwill

25.6 b25.7 b25.7 b25.7 b25.7 b25.7 b27 b27 b26.7 b26.7 b26.6 b26.6 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

5 b

Accounts Receivable

(13 m)(372 m)(623 m)

Accounts Payable

(32 m)119 m160 m

Cash From Operating Activities

57.6 b17.5 b14.8 b169 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Depreciation and Amortization

571 m1.3 b1.9 b727 m1.6 b2.4 b1.3 b2.2 b3.6 b1.2 b2.5 b3.8 b

Accounts Receivable

(139 m)3 m(548 m)(300 m)(382 m)(643 m)(247 m)(272 m)(419 m)

Accounts Payable

221 m326 m238 m76 m186 m79 m251 m361 m333 m

Cash From Operating Activities

2.8 b(398 m)14.7 b2.5 b864 m19.8 b5.3 b(2.1 b)(4.5 b)13.2 b9 b18.5 b
Y, 2017

EV/EBIT

46.7 x

EV/CFO

31.5 x

Financial Leverage

9.3 x
Show all financial metrics

Wells Fargo Operating Metrics

Wells Fargo's Total Loans Issued was reported to be $951.9 b in Q3, 2017. Wells Fargo's Customers was reported to be 70 m in Q3, 2017
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Total Loans Issued

$863 b$917 b$947.3 b$957.2 b$961.3 b$968 b$958.4 b$957.4 b$951.87 b

Interactions per Year

58.8 m55.3 m

Average Number Of Active Credit Card Accounts

7.5 m7.6 m7.8 m7.9 m7.6 m7.7 m

Mobile Communication Customers

27.4 m27.4 m27.3 m27.9 m27.9 m
Show all operating metrics

Wells Fargo Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Eastdil Secured
Falcon Asset Management
IntraWest Asset Management,
Komondor Funding
Monument Street Funding
Pelican Asset Management
PRN Holdings
Sirius Funding
Wells Fargo Auto Receivables
Wells Fargo Bank International Unlimited Company
Wells Fargo Financial
Wells Fargo Municipal Capital Strategies
FNL Insurance Company
Greenfield Funding
Mastiff Funding
Norwest Equity Partners IX
Norwest Financial Funding
REDUS Properties
Salvo Finance GP
Trade School Finance LLC
Wells Fargo Bank, National Association
Wells Fargo Funds Management
Azalea Asset Management
Biscoe Finance
Carnation Asset Management
Eastdil Secured Broker Services
Wells Fargo Bank South Central
Wells Fargo Capital Finance
Wells Fargo Community Development Corporation
Wells Fargo Community Investment Holdings
Wells Fargo Equipment Finance
Wells Fargo Principal Lending
Silver Asset Management
Wells Fargo Affordable Housing Community Development Corporation
Danube Holdings I C.V.
EVEREN Capital Corporation
Island Finance Holding Company
Peony Asset Management
Pheasant Asset Management
Pumi Funding
Stagecoach Wagon Wheel
Wells Fargo Dealer Floorplan Master Note Trust
Wells Fargo Funding
Wells Fargo Home Mortgage Real Estate Funding 1
Wells Fargo Insurance Re
Wells Fargo International B.V.
Wells Fargo Preferred Funding Holding Corp
Wells Fargo Securities
Augustus Ventures Limited
Bergamasco Funding
Brittlebush Financing
Pyrenees Funding
The Thirty-Eight Hundred Fund
Union Hamilton Reinsurance
Violet Asset Management
Wachovia Trade Finance Corporation
Wells Capital Management Incorporated
Wells Fargo Clearing Services
Wells Fargo Commercial Distribution Finance
Wells Fargo Distribution Finance
Wells Fargo Financial Leasing
Wells Fargo Financial National Bank
Wells Fargo Insurance
Wells Fargo Real Estate Investment Corporation
AILS
Mulberry Asset Management
Norwest Venture Partners IX
Wells Fargo Investment Group
Wells Fargo Rail Corporation
Iapetus Funding
OmniPlus Capital Corporation
Sagebrush Asset Management
Sparta GP Holding
Wells Fargo Municipal Funding
Wells Fargo Vendor Financial Services
Wells Fargo Wind Holdings LLC
WFC Holdings Corporation
Whippet Funding
Merlin SecuritiesApril 27, 2012
Ragen MackenzieSeptember 28, 1999$240 m

Wells Fargo Market Value History

Wells Fargo Revenue Breakdown

Source: github.com

Wells Fargo Median Salaries

Source: 386 public H-1B filings from Wells Fargo
Show all human capital metrics

Wells Fargo's Web-traffic and Trends

Wells Fargo Online and Social Media Presence

Wells Fargo News and Updates

Starwood acquires Wells Fargo Center

Starwood Capital Group has acquired Portland, Oregon-based Wells Fargo Center, a 40-story skyline office tower. No financial terms were disclosed.

Wells Fargo repays $5.4 million for repossessing service members' cars

(Reuters) - Wells Fargo & Co has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally, the U.S. Department of Justice said on Tuesday.

Wells Fargo unveils app aimed at millennials

(Reuters) - Wells Fargo & Co on Thursday unveiled a new digital bank account app intended to help people who may be new to banking keep track of their finances more easily.

U.S. regulator wants to loosen leash on Wells Fargo: sources

WASHINGTON (Reuters) - A leading U.S. regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place since a phony accounts scandal hit the bank last year, according to people familiar with the matter.

Wells Fargo Scandals Expand With Firing of Foreign Exchange Bankers

The embattled bank's misdeeds continue to diversify.

Wells Fargo executives, board must face lawsuit over fake accounts, federal judge says

(Reuters) - A federal judge said current and former Wells Fargo & Co officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the creations of millions of unauthorized accoun…
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Wells Fargo Company Life and Culture

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