Wells Fargo is an American multinational banking and financial services holding company with operations around the world. Wells Fargo delineates three different business segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement.
The Community Banking segment includes regional banking, diversified products, and the consumer deposits groups, as well as Wells Fargo customer connection. Its Wholesale Banking segment contains products sold to large and middle market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and capital markets and investment banking services through Wells Fargo Securities. One area that is very profitable to Wells Fargo is asset-based lending: lending to large companies using accounts receivable and inventory as collateral, though less traditional assets are often included in the collateral package. Wells Fargo offers investment products through its subsidiaries, Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC, as well as through national broker/dealer firms.
The Community Banking segment includes regional banking, diversified products, and the consumer deposits groups, as well as Wells Fargo customer connection. Its Wholesale Banking segment contains products sold to large and middle market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and capital markets and investment banking services through Wells Fargo Securities. One area that is very profitable to Wells Fargo is asset-based lending: lending to large companies using accounts receivable and inventory as collateral, though less traditional assets are often included in the collateral package. Wells Fargo offers investment products through its subsidiaries, Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC, as well as through national broker/dealer firms.
Company Growth (employees)
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
Key People at Wells Fargo
Timothy Sloan
CEO, President
David Carroll
Senior EVP, Wealth, Brokerage and Retirement
Richard Levy
EVP, Controller
James Strother
Senior EVP, General Counsel
John Shrewsberry
Senior EVP, Chief Financial Officer
Hope Hardison
Senior EVP, Chief Administrative Officer
Mary Mack
Senior EVP, Community Banking
Perry Pelos
Senior EVP, Wholesale Banking
Franklin Codel
Senior EVP, Consumer Lending
Wells Fargo Office Locations
Wells Fargo has offices in San Francisco, Shanghai, Frankfurt, Hong Kong and in 6 other locations
San Francisco, US (HQ)
420 Montgomery Street
London, GB
One Plantation Place, 30 Fenchurch Street
Dubai, AE
Gate Village 5, Office 111, Level 1, Po Box 53089, Difc
Taipei, TW
17th Floor , 44 Chung Shan North Road, D37, Sec. 2
Singapore, SG
80 Raffles Place, #26 20/21 Uob Plaza 2
Seoul, KR
3rd Floor Hancom Building , D3021, Sogong Dong, Chung Ku
Wells Fargo Data and Metrics
Wells Fargo Financial Metrics
Wells Fargo's revenue was reported to be $94.2 b in FY, 2016 which is a 5% increase from the previous period.
USD
Revenue (FY, 2016) | 94.2 b |
Revenue growth (FY, 2015 - FY, 2016), % | 5% |
Gross profit (FY, 2016) | 88.3 b |
Gross profit margin (FY, 2016), % | 94% |
EBIT (FY, 2016) | 47.8 b |
Market capitalization (21-Jul-2017) | 275.9 b |
Cash (31-Dec-2016) | 20.7 b |
EV | 607 b |
Wells Fargo's current market capitalization is $275.9 b.
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 88.1 b | 88.4 b | 90 b | 94.2 b |
Revenue growth, % | 0% | 2% | 5% | |
Cost of goods sold | 4.3 b | 4 b | 4 b | 5.9 b |
Gross profit | 83.8 b | 84.3 b | 86.1 b | 88.3 b |
Gross profit Margin, % | 95% | 95% | 96% | 94% |
Operating expense total | 48.8 b | 49 b | 50 b | 52.4 b |
EBIT | 42.8 b | 43.5 b | 45.3 b | 47.8 b |
EBIT margin, % | 49% | 49% | 50% | 51% |
Interest income | 45.3 b | 47.8 b | ||
Pre tax profit | 32.6 b | 33.9 b | 33.6 b | 32.1 b |
Income tax expense | 10.4 b | 10.3 b | 10.4 b | 10.1 b |
Net Income | 21.9 b | 23.1 b |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 19.9 b | 19.6 b | 19.1 b | 20.7 b |
Accounts Receivable | 26.8 m | |||
Inventories | 967.6 b | |||
PP&E | 9.2 b | 8.7 b | 8.7 b | 8.3 b |
Goodwill | 25.6 b | 25.7 b | 25.5 b | 26.7 b |
Total Assets | 1.5 t | 1.7 t | 1.8 t | 1.9 t |
Accounts Payable | 16.2 m | |||
Total Debt | 206.9 b | 247.5 b | 297.1 b | 351.9 b |
Total Liabilities | 1.7 t | |||
Preferred Stock | 16.3 b | 19.2 b | 22.2 b | 24.6 b |
Additional Paid-in Capital | 60.3 b | 60.5 b | 60.7 b | 60.2 b |
Retained Earnings | 92.4 b | 107 b | 120.9 b | 133.1 b |
Total Equity | 171 b | 185.3 b | 193.9 b | 200.5 b |
Debt to Equity Ratio | 1.2 x | 1.3 x | 1.5 x | 1.8 x |
Debt to Assets Ratio | 0.1 x | 0.1 x | 0.2 x | 0.2 x |
Financial Leverage | 8.9 x | 9.1 x | 9.2 x | 9.6 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Depreciation and Amortization | 5 b | |||
Accounts Receivable | (13 m) | (372 m) | (623 m) | |
Accounts Payable | (32 m) | 119 m | 160 m | |
Cash From Operating Activities | 57.6 b | 17.5 b | 14.8 b | 169 m |
Cash From Investing Activities | (153.5 b) | (128.4 b) | (107.2 b) | (122.1 b) |
Short-term Borrowings | (3.4 b) | |||
Dividends Paid | (1 b) | (1.2 b) | (1.4 b) | (1.6 b) |
Cash From Financing Activities | 93.9 b | 110.5 b | 92 b | 123.6 b |
Interest Paid | 4.3 b | 3.9 b | 3.8 b | 5.6 b |
Income Taxes Paid | 7.1 b | 8.8 b | 13.7 b | 8.4 b |
| USD | Y, 2016 |
|---|---|
EV/EBIT | 12.7 x |
EV/CFO | 3.6 k x |
Revenue/Employee | 352 k |
Debt/Equity | 1.8 x |
Debt/Assets | 0.2 x |
Financial Leverage | 9.6 x |
Wells Fargo Market Value History
Wells Fargo Median Salaries
Source: 386 public H-1B filings from Wells Fargo
