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

Timothy Sloan

Timothy Sloan

Chief Executive Officer and President
Hope Hardison

Hope Hardison

Senior EVP, Chief Administrative Officer
Mary Mack

Mary Mack

Senior EVP, Community Banking
Perry Pelos

Perry Pelos

Senior EVP, Wholesale Banking
Avid Modjtabai

Avid Modjtabai

Senior EVP, Payments, Virtual Solutions and Innovation
Richard Levy

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.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

88.4 b90 b94.2 b

Revenue growth, %

0%2%5%

Cost of goods sold

4 b4 b5.9 b

Gross profit

84.3 b86.1 b88.3 b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

21.6 b22.1 b22.2 b22.3 b22.3 b22.9 b23.5 b23.6 b23.9 b23.9 b24.4 b24.5 b

Cost of goods sold

997 m1 b1 b977 m956 m988 m1.3 b1.4 b1.5 b1.9 b2.2 b2.6 b

Gross profit

20.6 b21.1 b21.2 b21.3 b21.3 b21.9 b22.2 b22.2 b22.3 b22 b22.2 b21.9 b

Gross profit Margin, %

95%95%95%96%96%96%94%94%94%92%91%89%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.6 b19.1 b20.7 b23.4 b

Inventories

956.8 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, 2017

Cash

19.7 b20.6 b18 b19.8 b19.7 b17.4 b19.1 b20.4 b19.3 b19.7 b20.2 b19.2 b

Inventories

826 b829 b839 b861 b888 b903 b947 b957 b961 b958 b957 b952 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 b

Goodwill

25.6 b25.7 b25.7 b25.7 b25.7 b25.7 b27 b27 b26.7 b26.7 b26.6 b26.6 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, 2017

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 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 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 b9.3 b
USDY, 2017

EV/EBIT

11.5 x

EV/CFO

30.4 x

Financial Leverage

9.4 x
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Wells Fargo Operating Metrics

Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Nov, 2017Q4, 2017

ATMs

13 k13 k13.59 k

Locations

8.50 k8.40 k8.40 k

Mobile Communication Customers

27.40 m27.40 m27.30 m27.90 m27.90 m27.80 m28.10 m

Non-accrual Loans

$10.40 b$8.60 b$8 b
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Wells Fargo Acquisitions / Subsidiaries

Acquired CompanyDateDeal 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

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.

Commentary: Why We Need to Stop Fining Big Banks Like Wells Fargo

Regulators should stop treating bank executives like the rest of the population.

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.

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…

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.

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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