Wells Fargo

Wells Fargo is an American multinational banking and financial services holding company with operations around the world. Wells Fargo delineates three different business segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement.
The Community Banking segment includes regional banking, diversified products, and the consumer deposits groups, as well as Wells Fargo customer connection. Its Wholesale Banking segment contains products sold to large and middle market commercial companies, as well as to consumers on a wholesale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and capital markets and investment banking services through Wells Fargo Securities. One area that is very profitable to Wells Fargo is asset-based lending: lending to large companies using accounts receivable and inventory as collateral, though less traditional assets are often included in the collateral package. Wells Fargo offers investment products through its subsidiaries, Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC, as well as through national broker/dealer firms.


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

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.
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 (21-Jul-2017)

275.9 b

Cash (31-Dec-2016)

20.7 b

EV

607 b
Wells Fargo's current market capitalization is $275.9 b.
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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.9 b19.6 b19.1 b20.7 b

Accounts Receivable

26.8 m

Inventories

967.6 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

Accounts Payable

16.2 m

Total Debt

206.9 b247.5 b297.1 b351.9 b

Total Liabilities

1.7 t

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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

5 b

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
USDY, 2016

EV/EBIT

12.7 x

EV/CFO

3.6 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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