Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available on Wells Fargo Blogs and Wells Fargo Stories. 

Company Growth (employees)
Type
Public
HQ
San Francisco, US
Founded
1852
Size (employees)
269,100 (est)
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US

Key People at Wells Fargo

Timothy Sloan

Timothy Sloan

CEO, President
David Carroll

David Carroll

Senior EVP, Wealth, Brokerage and Retirement
Richard Levy

Richard Levy

EVP, Controller
James Strother

James Strother

Senior EVP, General Counsel
John Shrewsberry

John Shrewsberry

Senior EVP, Chief Financial Officer
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
Franklin Codel

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
Tokyo, JP
Marunouchi Trust Main Tower , 24th Floor, 1 8 3, Marunouchi, Chiyoda Ku
Hong Kong, HK
27/F, Three Pacific Place, 1 Queen’s Road East
Frankfurt, DE
Wells Fargo Bank International, Frankfurt Branch, An Der Hauptwache 7
Shanghai, CN
Unit 30, 32 F, Shanghai World Financial Center , 100 Century Avenue, Pudong New Area

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.
Numbers are in $, 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 (26-May-2017)

261.9 b

Closing share price (26-May-2017)

52.8

Cash (31-Dec-2016)

20.7 b

EV

593 b
Wells Fargo's current market capitalization is $261.9 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

88.1 b88.4 b90 b94.2 b

Revenue growth, %

0%2%5%

Cost of goods sold

4.3 b4 b4 b5.9 b

Gross profit

83.8 b84.3 b86.1 b88.3 b

Gross profit Margin, %

95%95%96%94%

Operating expense total

48.8 b49 b50 b52.4 b

EBIT

42.8 b43.5 b45.3 b47.8 b

EBIT margin, %

49%49%50%51%

Interest income

45.3 b47.8 b

Pre tax profit

32.6 b33.9 b33.6 b32.1 b

Income tax expense

10.4 b10.3 b10.4 b10.1 b

Net Income

21.9 b23.1 b
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.9 b19.6 b19.1 b20.7 b

PP&E

9.2 b8.7 b8.7 b8.3 b

Goodwill

25.6 b25.7 b25.5 b26.7 b

Total Assets

1.5 t1.7 t1.8 t1.9 t

Total Debt

206.9 b247.5 b297.1 b351.9 b

Preferred Stock

16.3 b19.2 b22.2 b24.6 b

Additional Paid-in Capital

60.3 b60.5 b60.7 b60.2 b

Retained Earnings

92.4 b107 b120.9 b133.1 b

Total Equity

171 b185.3 b193.9 b200.5 b

Debt to Equity Ratio

1.2 x1.3 x1.5 x1.8 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x0.2 x

Financial Leverage

8.9 x9.1 x9.2 x9.6 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Accounts Receivable

(13 m)(372 m)(623 m)

Accounts Payable

(32 m)119 m160 m

Cash From Operating Activities

57.6 b17.5 b14.8 b169 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 b110.5 b92 b123.6 b

Interest Paid

4.3 b3.9 b3.8 b5.6 b

Income Taxes Paid

7.1 b8.8 b13.7 b8.4 b
Numbers are in $, USDY, 2016

EV/EBIT

12.4 x

EV/CFO

3.5 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

Wells Fargo Online and Social Media Presence

Wells Fargo Company Life and Culture

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