OverviewSuggest Edit

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.

... Show more
TypePublic
Founded1852
HQSan Francisco, US
Websitewellsfargo.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Feb 2019)258,700(-1%)
Job Openings8,505
Revenue (FY, 2017)$97.7 B(+4%)
Share Price (Feb 2019)$49

Key People/Management at Wells Fargo

David C. Galloreese

David C. Galloreese

Senior 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
Show more

Wells Fargo Office Locations

Wells Fargo has an office in San Francisco
San Francisco, US (HQ)
420 Montgomery St
Show all (1)
Report incorrect company information

Wells Fargo Financials and Metrics

Wells Fargo Revenue

Embed Graph
View revenue for all periods
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%

Net income (Q3, 2018)

6.1b

Market capitalization (13-Feb-2019)

224.6b

Closing stock price (13-Feb-2019)

49.0

Cash (30-Sep-2018)

18.8b

EV

532.6b
Wells Fargo's current market capitalization is $224.6 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/CFO

25.3 x

Revenue/Employee

98.3k

Debt/Equity

1.6 x

Debt/Assets

0.2 x

Financial Leverage

9.4 x

P/E Ratio

43.4
Show all financial metrics

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.
Show more

Wells Fargo Revenue Breakdown

Embed Graph

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
Embed Graph
Show all human capital metrics
Report incorrect company information

Wells Fargo Online and Social Media Presence

Embed Graph
Report incorrect company information

Wells Fargo News and Updates

Pierce Bainbridge Investigating Potential Class Action Against Wells Fargo In Connection With System Outage

NEW YORK, Feb. 14, 2019 /PRNewswire/ -- Pierce Bainbridge Beck Price & Hecht LLP is investigating claims against Wells Fargo regarding the system outage that began on February 7, 2019, affecting all or nearly all aspects of the Company's online and physical banking facilities. The Wells...

CBRE Poaches Eastdil's Middleton as Wells Fargo Weighs Unit Sale

CBRE Poaches Eastdil's Middleton as Wells Fargo Weighs Unit Sale

Here's why Wells Fargo has sliced its forecasts for rate hikes and bond yields

As bond yields fall on global growth fears, Wells Fargo is making some changes.

The Wells Fargo outage was caused by an 'automatic power shutdown' at its data center after smoke was detected. Here's what we know

Smoke detected at a Wells Fargo facility on Thursday caused the shutdown of a data center that led to a large-scale outage, leaving customers without the use of their debit cards or access to online banking.  A Wells Fargo spokesperson did not comment on whether the incident was connected to its d…

Frustrated Wells Fargo customers are saying their direct-deposit paychecks aren't showing up a day after the bank was crippled by an outage

After a nearly daylong outage preventing Wells Fargo customers from using their debit cards or online banking information, the company said most services have been restored Friday. Customers, however, are increasingly frustrated over the long wait times to speak with representatives. Some reported…
Show more
Report incorrect company information

Wells Fargo Company Life and Culture

Report incorrect company information

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 258,700 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 $377.8 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.