Wells Fargo
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Wells Fargo

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    • Financial Servicesbanksholding companyinsuranceinvestment banksinvestment managementleasingmortgages

    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.

    Revenue(FY, 2017)
    $97.7 B
    Market capitalization(2018-12-12)
    $224.7 B

    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
    Show all (1)
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    Wells Fargo Financials and Metrics

    Wells Fargo Revenue

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    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%

    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%
    show all
    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
    show all
    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
    show all
    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
    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.
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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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    Competitors

    State Street
    Financial Services - Public
    Bank of America
    Financial Services - Public
    JP Morgan Chase
    Financial Services - Public
    Citigroup
    Financial Services - Public
    Goldman Sachs
    Financial Services - Public
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    Wells Fargo Online and Social Media Presence

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    Wells Fargo News and Updates

    December 07, 2018

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

    NEW YORK, Dec. 7, 2018 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for C, CSCO, MRVL, ORCL, and WFC. Click a link below to see an in-depth options trade idea report. Options Report – Ideal trade ideas on up to seven different options trading strategies. The report...
    December 06, 2018

    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.
    December 06, 2018

    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.
    December 06, 2018

    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…
    December 06, 2018

    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.
    December 05, 2018

    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.