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
Report incorrect company information

Key People/Management at Wells Fargo

Hope Hardison

Hope Hardison

Senior EVP, Chief Administrative Officer
Richard Levy

Richard Levy

EVP, Controller
Michael Loughlin

Michael Loughlin

Senior EVP, Chief Risk Officer
Mary Mack

Mary Mack

Senior EVP, Community Banking and Consumer Lending
Avid Modjtabai

Avid Modjtabai

Senior EVP, Payments, Virtual Solutions and Innovation
C. Parker

C. Parker

Senior EVP, General Counsel
Show more

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
Show all (55)
Report incorrect company information

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
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, 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 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

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 b

Goodwill

25.6 b25.7 b25.7 b25.7 b25.7 b25.7 b27 b27 b26.7 b26.7 b26.6 b26.6 b26.4 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, 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 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 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 b
USDY, 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
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.
Show more

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

Report incorrect company information

Wells Fargo Online and Social Media Presence

Embed Graph
Report incorrect company information

Wells Fargo News and Updates

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.

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.

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.
Show more
Report incorrect company information