OverviewSuggest Edit

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.

TypePublic
Founded1852
HQSan Francisco, CA, US
Websitewellsfargo.com
Employee Ratings3.6
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2019)259,800
Job Openings32
Revenue (FY, 2019)$85.1 B(-15%)
Share Price (Jan 2021)$32 (-7%)
Cybersecurity ratingBMore

Key People/Management at Wells Fargo

Charles W. Scharf

Charles W. Scharf

Chief Executive Officer and President, Director
John D. Baker

John D. Baker

Executive Chairman
David C. Galloreese

David C. Galloreese

Senior EVP, Head of Human Resources
Sam Bullard

Sam Bullard

Managing Director, Senior Economist
Charles Dougherty

Charles Dougherty

Vice President, Economist
Jay Bryson

Jay Bryson

Managing Director, Chief Economist
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Wells Fargo Office Locations

Wells Fargo has offices in San Francisco, Charlotte, Portland, Buenos Aires and in 33 other locations
San Francisco, CA, US (HQ)
420 Montgomery St, San Francisco
Charlotte, NC, US
One Wells Fargo Center, 301 S College St
Portland, OR, US
P.O. Box 6995
Buenos Aires, AR
855 Piso, 16th Floor, Av. Leandro N Alem
Dhaka, BD
2nd Floor, Suite, Ninakabbo, 227/A Bir Uttam Mir Shawkat Sarak
São Paulo, BR
Av. Pres. Juscelino Kubitschek, 1600 - 14th floor - Vila Nova Conceição
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Wells Fargo Financials and Metrics

Wells Fargo Revenue

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Wells Fargo's revenue was reported to be $85.06 b in FY, 2019
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
Wells Fargo's current market capitalization is $132.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

94.2b97.7b101.1b85.1b

Revenue growth, %

5%4%3%

Cost of goods sold

5.9b9.4b14.7b1.2b

Gross profit

88.3b88.4b86.4b83.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

23.9b24.4b24.5b25.0b25.0b25.7b26.3b26.5b26.9b17.7b17.8b18.9b

Cost of goods sold

1.9b2.2b2.6b3.1b3.5b3.8b4.7b4.9b4.9b260.0m244.0m291.0m

Gross profit

22.0b22.2b21.9b21.9b21.6b21.9b21.6b21.6b22.0b17.5b17.6b18.6b

Gross profit Margin, %

92%91%89%88%86%85%82%82%82%99%99%98%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

20.7b23.4b23.6b21.8b

Accounts Receivable

956.2b945.8b943.3b952.7b

PP&E

8.3b8.8b8.9b9.3b

Goodwill

26.7b26.6b26.4b26.4b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

22.0b22.5b22.9b20.0b

Depreciation and Amortization

5.0b5.4b5.6b7.1b

Accounts Payable

2.4b

Cash From Operating Activities

169.0m18.7b36.1b6.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

5.5b11.4b16.1b5.3b10.6b16.7b6.0b12.3b17.1b505.0m(1.8b)392.0m

Depreciation and Amortization

1.2b2.5b3.8b1.4b2.8b4.2b1.4b3.1b4.9b1.9b4.1b6.4b

Accounts Payable

933.0m(3.0b)(3.2b)

Cash From Operating Activities

13.2b9.0b18.5b15.2b14.4b21.0b8.0b7.3b(5.7b)17.3b33.4b24.8b
USDFY, 2016

Revenue/Employee

350.6k

Debt/Equity

1.8 x

Debt/Assets

0.2 x

Financial Leverage

9.6 x
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Wells Fargo Operating Metrics

Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 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 m283 m296 m302 m271 m297 m306 m315 m286 m310 m319 m329 m299 m329 m337 m341 m

New Accounts (Consumer Credit Card Portfolio)

664.34 k680 k667 k319 k358 k395 k461 k378 k397 k423 k539 k449 k507 k498 k469 k366 k
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Wells Fargo Acquisitions / Subsidiaries

Company NameDateDeal Size
Merlin SecuritiesApril 27, 2012
Ragen MackenzieSeptember 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.
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Wells Fargo Revenue Breakdown

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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

Human Capital Metrics

Source: github.com
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Wells Fargo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Wells Fargo Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Wells Fargo Online and Social Media Presence

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Wells Fargo Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A-

    74/100

  • Compensation

    B+

    74/100

  • Diversity

    C+

    67/100

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Wells Fargo News and Updates

Wells Fargo shares decline 3% after fourth-quarter revenue falls short of expectations

Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank's stock lower by more than 2% in the premarket.

: Why Secretary Yellen may push to lift the Wells Fargo ban put in place by Chair Yellen

Freeing up balance sheet capacity could help the U.S. economy, says a Credit Suisse bank finance expert.

Finzlay taps former Wells Fargo e-trading head Mark Dumolien as VP, product management

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, announced today the addition of Mark Dumolien as the company’s new Vice President, Product Management.

Bank Books Brighten But Q4 Seen Tough As JP Morgan, Citigroup, Wells Fargo To Report Earnings

The headwinds blowing steadily at big banks for almost a year are relenting a little, just in time for earnings season.
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Wells Fargo Frequently Asked Questions

  • 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.