Wells Fargo is a banking and financial services holding company. The Company's Community Banking segment offers checking and savings accounts, credit and debit cards, and automobile, student, mortgage, home equity, and small business loans. Its 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 Company's Wealth and Investment Management segment offers financial planning, private banking, credit, investment management and fiduciary services, as well as retirement and trust services.

Employee Rating

3.5More
TypePublic
HQSan Francisco, US
Founded1852
Size (employees)261,700 (est)-1%
Websitewellsfargo.com
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
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Key People/Management at Wells Fargo

David C. Galloreese

David C. Galloreese

EVP, Head of Human Resources
Richard D. Levy

Richard D. Levy

EVP, Controller
Mary T. Mack

Mary T. Mack

Senior EVP, Consumer Banking
Avid Modjtabai

Avid Modjtabai

Senior EVP, Payments, Virtual Solutions and Innovation
Amanda G. Norton

Amanda G. Norton

Senior EVP, Chief Risk Officer
C. Allen Parker

C. Allen Parker

Senior EVP, General Counsel
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Wells Fargo Office Locations

Wells Fargo has an office in San Francisco
San Francisco, (HQ)
420 Montgomery St
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Wells Fargo Financials and Metrics

Wells Fargo Revenue

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Wells Fargo's revenue was reported to be $97.74 b in FY, 2017 which is a 3.8% increase from the previous period.
USD

Revenue (Q3, 2018)

25.7b

Gross profit (Q3, 2018)

21.9b

Gross profit margin (Q3, 2018), %

85.3%

EBIT (Q3, 2018)

12.6b

Market capitalization (12-Dec-2018)

224.7b

Closing stock price (12-Dec-2018)

47.7

Cash (30-Sep-2018)

18.8b

EV

532.7b
Wells Fargo's current market capitalization is $224.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

88.4b90.0b94.2b97.7b

Revenue growth, %

0%2%5%4%

Cost of goods sold

4.0b4.0b5.9b9.4b

Gross profit

84.3b86.1b88.3b88.4b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

21.6b22.1b22.2b22.3b22.3b22.9b23.5b23.6b23.9b23.9b24.4b24.5b25.0b25.0b25.7b

Cost of goods sold

997.0m1.0b1.0b977.0m956.0m988.0m1.3b1.4b1.5b1.9b2.2b2.6b3.1b3.5b3.8b

Gross profit

20.6b21.1b21.2b21.3b21.3b21.9b22.2b22.2b22.3b22.0b22.2b21.9b21.9b21.6b21.9b

Gross profit Margin, %

95%95%95%96%96%96%94%94%94%92%91%89%88%86%85%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.6b19.1b20.7b23.4b

Inventories

850.2b905.0b956.2b945.8b

PP&E

8.7b8.7b8.3b8.8b

Goodwill

25.7b25.5b26.7b26.6b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

19.7b20.6b18.0b19.8b19.7b17.4b19.1b20.4b19.3b19.7b20.2b19.2b18.1b20.5b18.8b

Inventories

812.7b815.8b826.2b849.1b876.7b891.6b935.6b945.5b949.7b947.2b946.4b940.8b936.9b934.1b942.3b

PP&E

9.0b9.0b8.8b8.7b8.7b8.8b8.3b8.3b8.3b8.3b8.4b8.4b8.8b8.9b8.8b

Goodwill

25.6b25.7b25.7b25.7b25.7b25.7b27.0b27.0b26.7b26.7b26.6b26.6b26.4b26.4b26.4b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Depreciation and Amortization

2.5b3.3b5.0b5.4b

Accounts Payable

119.0m160.0m

Cash From Operating Activities

17.5b14.8b169.0m18.7b

Cash From Investing Activities

(128.4b)(107.2b)(122.1b)(5.2b)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Depreciation and Amortization

571.0m1.3b1.9b727.0m1.6b2.4b1.3b2.2b3.6b1.2b2.5b3.8b1.4b2.8b4.2b

Accounts Payable

221.0m326.0m238.0m76.0m186.0m79.0m251.0m361.0m333.0m

Cash From Operating Activities

2.8b(398.0m)14.7b2.5b864.0m19.8b5.3b(2.1b)(4.5b)13.2b9.0b18.5b15.2b14.4b21.0b

Cash From Investing Activities

(18.2b)(52.7b)(95.3b)(42.9b)(28.1b)(72.4b)(50.4b)(69.5b)(109.2b)(29.3b)12.6b9.3b10.2b10.7b10.5b
USDY, 2018

EV/EBIT

42.4 x

EV/CFO

25.3 x

Debt/Equity

1.6 x

Debt/Assets

0.2 x

Financial Leverage

9.4 x
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Wells Fargo Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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: 52.0% from Community Banking , 30.0% from Wholesale Banking and 18.0% from Wealth and Investment Management

Human Capital Metrics

Source: github.com
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Wells Fargo Online and Social Media Presence

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Wells Fargo News and Updates

Option-trading opportunities on Citigroup, Cisco Systems, Marvell Technology, Oracle Corporation, and Wells Fargo & Co.

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Wells Fargo Says It’s Cleaning Up. Regulators Demand More

Wells Fargo was required to submit a plan to the Fed Reserve within 60 days for improving compliance, operational-risk management.

Employee rights group says Wells Fargo declined planned meeting

A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by Reuters.

Wells Fargo clean-up plan rejected by Fed, Reuters reports

The Federal Reserve rejected a proposal from scandal-plagued Wells Fargo & Co., Reuters reported Thursday. In February, the bank was ordered to submit a reform plan to address customer abuses, and the Fed must approve it before the bank can grow its assets. Multiple sources told Reuters that We…

Wells Fargo reform plans fail to satisfy Fed after scandals: sources

The Federal Reserve has rejected Wells Fargo & Co's plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions.

Wells Fargo Axes Dozens of District Managers in Fake Account Scandal, Report Says

The move is aimed at reassuring regulators the bank has fixed its problems.
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Wells Fargo Company Life and Culture

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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 David C. Galloreese, Richard D. Levy and Mary T. Mack.

  • How many employees does Wells Fargo have?

    Wells Fargo has 261,700 employees.

  • What is Wells Fargo revenue?

    Latest Wells Fargo annual revenue is $97.7 b.

  • What is Wells Fargo revenue per employee?

    Latest Wells Fargo revenue per employee is $373.5 k.

  • Who are Wells Fargo competitors?

    Competitors of Wells Fargo include State Street, Bank of America and JP Morgan Chase.

  • Where is Wells Fargo headquarters?

    Wells Fargo headquarters is located at 420 Montgomery St, San Francisco.

  • Where are Wells Fargo offices?

    Wells Fargo has an office in San Francisco.

  • How many offices does Wells Fargo have?

    Wells Fargo has 1 office.