Wells Fargo
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Wells Fargo

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    • Financial Servicesbankscommercial banksholding companyinsurancelending

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

    Revenue(FY, 2017)
    $97.7 B
    Market capitalization(2018-08-16)
    $282.5 B
    Type
    Public
    HQ
    San Francisco, US
    Founded
    1852
    Size (employees)
    268,000 (est)
    Website
    wellsfargo.com
    Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
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    Key People/Management at Wells Fargo

    Hope A. Hardison

    Hope A. Hardison

    Senior EVP, Chief Administrative Officer
    Richard D. Levy

    Richard D. Levy

    EVP, Controller
    Mary T. Mack

    Mary T. Mack

    Senior EVP, Community Banking and Consumer Lending
    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, US (HQ)
    420 Montgomery St
    Show all (1)
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    Wells Fargo Financials and Metrics

    Wells Fargo Revenue

    Embed Graph
    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 (Q2, 2018)

    		50.1 b

    Gross profit (Q2, 2018)

    		43.5 b

    Gross profit margin (Q2, 2018), %

    		86.9%

    EBIT (Q2, 2018)

    		24.8 b

    Market capitalization (16-Aug-2018)

    		282.5 b

    Closing stock price (16-Aug-2018)

    		58.7

    Cash (30-Jun-2018)

    		20.5 b

    EV

    		585.8 b
    Wells Fargo's current market capitalization is $282.5 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		88.4 b90 b94.2 b97.7 b

    Revenue growth, %

    		0%2%5%4%

    Cost of goods sold

    		4 b4 b5.9 b9.4 b

    Gross profit

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

    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 b25 b50.1 b

    Cost of goods sold

    		997 m1 b1 b977 m956 m988 m1.3 b1.4 b1.5 b1.9 b2.2 b2.6 b3.1 b6.6 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 b21.9 b43.5 b

    Gross profit Margin, %

    		95%95%95%96%96%96%94%94%94%92%91%89%88%87%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		19.6 b19.1 b20.7 b23.4 b

    Accounts Receivable

    		850.2 b905 b956.2 b945.8 b

    PP&E

    		8.7 b8.7 b8.3 b8.8 b

    Goodwill

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

    Cash

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

    Accounts Receivable

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

    Inventories

    		944.3 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 b8.8 b8.9 b
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Depreciation and Amortization

    		2.5 b3.3 b5 b5.4 b

    Accounts Payable

    		119 m160 m

    Cash From Operating Activities

    		17.5 b14.8 b169 m18.7 b

    Cash From Investing Activities

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

    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 b1.4 b2.8 b

    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 b15.2 b14.4 b

    Cash From Investing Activities

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

    EV/EBIT

    		23.6 x

    EV/CFO

    		40.7 x

    Financial Leverage

    		9.1 x
    Show all financial metrics

    Wells Fargo Acquisitions / Subsidiaries

    Acquired CompanyDateDeal 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.
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    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
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    Competitors

    Lockton
    Financial Services - Private
    Goldman Sachs
    Financial Services - Public
    Citigroup
    Financial Services - Public
    JP Morgan Chase & Co.
    Financial Services - Public
    Bank of America
    Financial Services - Public
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    Wells Fargo Online and Social Media Presence

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    Wells Fargo News and Updates

    August 17, 2018

    Wells Fargo insiders say they're facing a firestorm without clear PR leadership (WFC)

    Oscar Suris, Wells Fargo's head of corporate communications, left the bank in July and won't be replaced. His duties will be subsumed into those of Jim Rowe, a former CFO at the credit-card lender Providian Financial who doesn't have any corporate-communications experience. Meanwhile, Wells is bat…
    August 16, 2018

    Inspire Medical Systems, Inc. to Present at the 13th Annual Wells Fargo Securities Healthcare Conference

    MINNEAPOLIS, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) ("Inspire”), a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea (OSA), announced today that …
    August 15, 2018

    Micah Dortch Appointed Special Receiver in Federal Lawsuit Against Wells Fargo

    SHERMAN, Texas, Aug. 15, 2018 /PRNewswire/ -- Micah Dortch, managing partner of the Dallas office of the Potts Law Firm, has been appointed as a Special Receiver in litigation originally brought by the Securities and Exchange Commission against a group of Texas businessmen. That lawsuit...
    August 15, 2018

    Nvidia stock double-upgraded at Wells Fargo

    Wells Fargo analyst Aaron Rakers double-upgraded shares of Nvidia Corp. to outperform from underperform on Wednesday, citing the company's opportunities in gaming, data centers, and autonomous driving. "Like Apple , investors should consider Nvidia a full stack company with an expanding portfolio p…
    August 15, 2018

    Wells Fargo raises its Nvidia price target to $315 from $140 in a rare double upgrade

    Wells Fargo raises its rating two notches to outperform from underperform for Nvidia shares, citing the strength of its artificial intelligence and cloud computing markets.
    August 14, 2018

    Jana Partners jumps back into Facebook, adds stakes in Alibaba, Wells Fargo

    Barry Rosenstein's hedge fund says it also has increased its holdings in Apple, which it has already pressured about iPhone addiction.
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    Wells Fargo Company Life and Culture

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