Wells Fargo
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
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Key People/Management at Wells Fargo
Timothy Sloan
Chief Executive Officer and President
Hope Hardison
Senior EVP, Chief Administrative Officer
Mary Mack
Senior EVP, Community Banking
Perry Pelos
Senior EVP, Wholesale Banking
Avid Modjtabai
Senior EVP, Payments, Virtual Solutions and Innovation
Richard Levy
EVP, Controller
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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 $94.18 b in FY, 2016 which is a 4.6% increase from the previous period.
| USD | |
|---|---|
EBIT (FY, 2017) | 49.6 b |
Market capitalization (23-Apr-2018) | 264 b |
Cash (31-Dec-2017) | 23.4 b |
EV | 568.9 b |
Wells Fargo's current market capitalization is $264 b.
- Source: SEC Filings
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 |
Gross profit Margin, % | 95% | 95% | 95% | 96% | 96% | 96% | 94% | 94% | 94% | 92% | 91% | 89% |
- Source: SEC Filings
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
Inventories | 826 b | 829 b | 839 b | 861 b | 888 b | 903 b | 947 b | 957 b | 961 b | 958 b | 957 b | 952 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 |
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 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
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 |
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 b) | (29.3 b) | 12.6 b | 9.3 b |
| USD | Y, 2017 |
|---|---|
EV/EBIT | 11.5 x |
EV/CFO | 30.4 x |
Financial Leverage | 9.4 x |
Wells Fargo Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Eastdil Secured | ||
| Falcon Asset Management | ||
| IntraWest Asset Management, | ||
| Komondor Funding | ||
| Monument Street Funding | ||
| Pelican Asset Management | ||
| PRN Holdings | ||
| Sirius Funding | ||
| Wells Fargo Auto Receivables | ||
| Wells Fargo Bank International Unlimited Company |
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Wells Fargo News and Updates
April 24, 2018
In Des Moines, Wells Fargo looks to soothe critics
IOWA CITY, Iowa, April 24 (Reuters) - Wells Fargo & Co
executives planned to convey a message of atonement to
shareholders at the bank's annual meeting in Des Moines, Iowa on
Tuesday as it works to convince investors and regulators a
sweeping sales scandal is a thing of the past.
April 23, 2018
Commentary: Why We Need to Stop Fining Big Banks Like Wells Fargo
Regulators should stop treating bank executives like the rest of the population.
April 23, 2018
Wells Fargo CEO's pay details spark pushback by some employees
WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co's disclosure of how its chief executive's pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank's annual shareholder meeting.
April 20, 2018
The massive Wells Fargo settlement: what you need to know
On Friday, Wells Fargo agreed to pay $1 billion to settle allegations that it engaged in mortgage and loan violations that caused its customers to pay extra fees. The settlement, the largest ever announced by the Consumer Financial Protection Bureau, involved claims that the bank charged customers f…
April 20, 2018
Wells Fargo Will Pay $1 Billion to Settle Probes Into Mistreating Consumers
It's the largest sanction of a U.S. bank under President Trump.
April 20, 2018
Wells Fargo agrees to pay $1 billion to settle customer abuses
(Reuters) - Wells Fargo & Co has agreed to pay $1 billion to settle with U.S. regulators who said it abused customers in its auto and mortgage businesses, the bank and regulators said on Friday.
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