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.

Type
Public
HQ
San Francisco, US
Founded
1852
Size (employees)
268,000 (est)
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
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Wells Fargo Financials and Metrics

Wells Fargo Revenue

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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
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
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
USDY, 2018

EV/EBIT

23.6 x

EV/CFO

40.7 x

Financial Leverage

9.1 x
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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

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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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Wells Fargo Online and Social Media Presence

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Wells Fargo News and Updates

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…

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 …

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...

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…

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.

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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