Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
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Key People/Management at Wells Fargo
Hope Hardison
Senior EVP, Chief Administrative Officer
Richard Levy
EVP, Controller
Michael Loughlin
Senior EVP, Chief Risk Officer
Mary Mack
Senior EVP, Community Banking and Consumer Lending
Avid Modjtabai
Senior EVP, Payments, Virtual Solutions and Innovation
C. Parker
Senior EVP, General Counsel
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Wells Fargo Office Locations
Wells Fargo has offices in Charlotte, Philadelphia, Minneapolis, Chicago and in 43 other locations
San Francisco, US (HQ)
420 Montgomery Street
Shanghai, CN
Unit 30, 32F, Shanghai World Financial Center , 100 Century Avenue, Pudong New Area
Frankfurt, DE
Wells Fargo Bank International, Frankfurt Branch, An der Hauptwache 7
Hong Kong, HK
27/F, Three Pacific Place, 1 Queen’s Road East
Tokyo, JP
Marunouchi Trust Main Tower , 24th Floor, 1-8-3, Marunouchi, Chiyoda-ku
Seoul, KR
3rd Floor - Hancom Building , D3021, Sogong-dong, Chung-ku
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Wells Fargo Financials and Metrics
Wells Fargo Financials
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 (Q1, 2018) | 25 b |
Gross profit (Q1, 2018) | 21.9 b |
Gross profit margin (Q1, 2018), % | 87.6% |
Net income (Q1, 2018) | 5.1 b |
Market capitalization (22-Jun-2018) | 262.8 b |
Closing share price (22-Jun-2018) | 53.9 |
Cash (31-Mar-2018) | 18.1 b |
EV | 569.2 b |
Wells Fargo's current market capitalization is $262.8 b.
Annual
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 21.6 b | 22.1 b | 22.2 b | 22.3 b | 22.3 b | 22.9 b | 23.5 b | 23.6 b | 23.9 b | 23.9 b | 24.4 b | 24.5 b | 25 b |
Cost of goods sold | 997 m | 1 b | 1 b | 977 m | 956 m | 988 m | 1.3 b | 1.4 b | 1.5 b | 1.9 b | 2.2 b | 2.6 b | 3.1 b |
Gross profit | 20.6 b | 21.1 b | 21.2 b | 21.3 b | 21.3 b | 21.9 b | 22.2 b | 22.2 b | 22.3 b | 22 b | 22.2 b | 21.9 b | 21.9 b |
Gross profit Margin, % | 95% | 95% | 95% | 96% | 96% | 96% | 94% | 94% | 94% | 92% | 91% | 89% | 88% |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Cash | 19.6 b | 19.1 b | 20.7 b | 23.4 b |
Accounts Receivable | 850.2 b | 905 b | 956.2 b | 945.8 b |
PP&E | 8.7 b | 8.7 b | 8.3 b | 8.8 b |
Goodwill | 25.7 b | 25.5 b | 26.7 b | 26.6 b |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 19.7 b | 20.6 b | 18 b | 19.8 b | 19.7 b | 17.4 b | 19.1 b | 20.4 b | 19.3 b | 19.7 b | 20.2 b | 19.2 b | 18.1 b |
Accounts Receivable | 812.7 b | 815.8 b | 826.2 b | 849.1 b | 876.7 b | 891.6 b | 935.6 b | 945.5 b | 949.7 b | 947.2 b | 946.4 b | 940.8 b | 936.9 b |
PP&E | 9 b | 9 b | 8.8 b | 8.7 b | 8.7 b | 8.8 b | 8.3 b | 8.3 b | 8.3 b | 8.3 b | 8.4 b | 8.4 b | 8.8 b |
Goodwill | 25.6 b | 25.7 b | 25.7 b | 25.7 b | 25.7 b | 25.7 b | 27 b | 27 b | 26.7 b | 26.7 b | 26.6 b | 26.6 b | 26.4 b |
Annual
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Depreciation and Amortization | 2.5 b | 3.3 b | 5 b | 5.4 b |
Accounts Payable | 119 m | 160 m | ||
Cash From Operating Activities | 17.5 b | 14.8 b | 169 m | 18.7 b |
Cash From Investing Activities | (128.4 b) | (107.2 b) | (122.1 b) | (5.2 b) |
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Depreciation and Amortization | 571 m | 1.3 b | 1.9 b | 727 m | 1.6 b | 2.4 b | 1.3 b | 2.2 b | 3.6 b | 1.2 b | 2.5 b | 3.8 b | 1.4 b |
Accounts Payable | 221 m | 326 m | 238 m | 76 m | 186 m | 79 m | 251 m | 361 m | 333 m | ||||
Cash From Operating Activities | 2.8 b | (398 m) | 14.7 b | 2.5 b | 864 m | 19.8 b | 5.3 b | (2.1 b) | (4.5 b) | 13.2 b | 9 b | 18.5 b | 15.2 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 b | 9.3 b | 10.2 b |
| USD | Y, 2018 |
|---|---|
EV/CFO | 37.4 x |
Debt/Equity | 1.6 x |
Debt/Assets | 0.2 x |
Financial Leverage | 9.3 x |
P/E Ratio | 56.2 |
Wells Fargo Operating Metrics
| Q1, 2014 | Q2, 2014 | Q3, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Nov, 2017 | FY, 2017 | Q1, 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATMs | 12 k | 12.50 k | 12.50 k | 12.50 k | 12.50 k | 12.80 k | 12.80 k | 13 k | 13 k | 13 k | 13 k | 13 k | 13 k | 13 k | 13 k | 13.59 k | 13 k | |
Locations | 9 k | 9 k | 8.70 k | 8.70 k | 8.70 k | 8.70 k | 8.70 k | 8.70 k | 8.80 k | 8.60 k | 8.60 k | 8.60 k | 8.50 k | 8.50 k | 8.40 k | 8.40 k | 8.20 k | |
Mobile Communication Customers | 23.80 m | 24.10 m | 24.40 m | 24.80 m | 25.70 m | 26 m | 26.30 m | 26.40 m | 27.20 m | 27.40 m | 27.40 m | 27.40 m | 28.10 m | 27.90 m | 27.80 m | 27.80 m | 28.10 m | 28.80 m |
Non-accrual Loans | $10.40 b | $8.60 b | $8 b |
Wells Fargo Acquisitions / Subsidiaries
| Acquired Company | Date | Deal 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. |
Wells Fargo Revenue Breakdown
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
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Wells Fargo Online and Social Media Presence
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Wells Fargo News and Updates
June 18, 2018
Wells Fargo to restructure wealth management business - WSJ
June 18 (Reuters) - Wells Fargo & Co is expected to
announce a restructuring of its wealth management business, the
Wall Street Journal reported on Monday, citing people familiar
with the matter.
June 15, 2018
Wells Fargo settles retail sales lawsuit for $142 million
(Reuters) - Wells Fargo & Co said a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts.
June 15, 2018
Wells Fargo settles retail sales lawsuit for $142 mln
June 15 (Reuters) - Wells Fargo & Co said a district
court in California approved a $142 million class-action
settlement to compensate customers who were affected by a sales
scandal related to the opening of phoney bank accounts.
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