OverviewSuggest Edit
Wells Fargo is a banking and financial services holding company. It operates in three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Community Banking segment offers checking and savings accounts, credit and debit cards, and automobile, student, mortgage, home equity, and small business loans. The Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed-income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. The Wealth and Investment Management segment offers financial planning, private banking, credit, investment management, and fiduciary services, as well as retirement and trust services. The company caters to individuals, businesses, and institutions.
| Type | Public | |
| Founded | 1852 | |
| HQ | San Francisco, CA, US | Map |
| Website | wellsfargo.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Recent NewsAll News
Key People/Management at Wells Fargo
Charles W. Scharf
Mike Santomassimo
Sam Bullard
Charles Dougherty
Jay Bryson
Nick Bennenbroek
Wells Fargo Office Locations
Wells Fargo Financials and Metrics
Wells Fargo Revenue
| USD | |
|---|---|
Revenue (Q1, 2021) | 1.9b |
Gross profit (Q1, 2021) | 692.1m |
Gross profit margin (Q1, 2021), % | 35.9% |
Net income (Q1, 2021) | 4.8b |
Market capitalization (15-Sept-2021) | 191.5b |
Closing stock price (15-Sept-2021) | 46.6 |
Cash (31-Mar-2021) | 28.3b |
EV | 405.4b |
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|
Net Income | 6.0b | 12.3b | 17.1b | 505.0m | (1.8b) | 392.0m | 4.8b |
Depreciation and Amortization | 1.4b | 3.1b | 4.9b | 1.9b | 4.1b | 6.4b | 2.2b |
Cash From Operating Activities | 8.0b | 7.3b | (5.7b) | 17.3b | 33.4b | 24.8b | (3.5b) |
Cash From Investing Activities | (9.0b) | (19.7b) | (27.1b) | (44.3b) | 59.4b | 102.0b | 15.5b |
| USD | FY, 2018 |
|---|---|
EV/CFO | 14.5 x |
Revenue/Employee | 384.8k |
Debt/Equity | 1.7 x |
Debt/Assets | 0.2 x |
Financial Leverage | 9.6 x |
P/E Ratio | 10.8 |
Wells Fargo Operating Metrics
| Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q4, 2020 | Q1, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets Under Management (Wealth and Investment Management) | $466 b | $476 b | $495 b | $503 b | $509 b | $518 b | $578 b | $607 b | $603 b | $590 b |
Purchase Volume (Consumer Credit Card Portfolio) | $22.25 b | $20.06 b | $22.46 b | $22.53 b | $23.13 b | $19.91 b | $17.47 b | $21.34 b | $22.9 b | $21.1 b |
POS Transactions (Consumer Credit Card Portfolio) | 329 m | 299 m | 329 m | 337 m | 341 m | 298 m | 246 m | 296 m | ||
New Accounts (Consumer Credit Card Portfolio) | 449 k | 507 k | 498 k | 469 k | 366 k | 315 k | 250 k | 210 k |
Wells Fargo Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Merlin Securities | April 27, 2012 | |
| Castle Pines Capital | July 01, 2011 | |
| Ragen Mackenzie | September 28, 1999 | $240 m |
| ATC Realty One, LLC | ||
| Augustus Ventures, L.L.C. | ||
| CDF Funding, Inc. | ||
| CDF Joint Ventures, LLC | ||
| Centurion Life Insurance Company | ||
| CF Motor Vehicle Leases, LLC | ||
| Danube Holdings I C.V. |
Wells Fargo Cybersecurity Score
Wells Fargo Online and Social Media Presence
325.96k Twitter followers
Wells Fargo has 325.96k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.1% quarter over quarter
Wells Fargo's Trends
Twitter Engagement Stats for @WellsFargo
31.3k
Tweets
314
Following
326k
Followers
835
Tweets last 30 days
0.3
Avg. likes per Tweet
12.8%
Tweets with engagement
Wells Fargo Company Culture
Overall Culture
A-
74/100
CEO Rating
B+
73/100
Compensation
A+
84/100
Wells Fargo News and Updates
Elizabeth Warren’s Wrong Answer to the Wells Fargo Problem
Key Words: Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk
It’s time to break up Wells Fargo, says Elizabeth Warren
Sen. Warren Urges Fed To Break Up Wells Fargo For 'Abusive And Unlawful' Practices
Sen. Elizabeth Warren urges the Fed to break up Wells Fargo
This deck won OpenFin $17m from Wells Fargo, HSBC, others
Wells Fargo Frequently Asked Questions
When was Wells Fargo founded?
Wells Fargo was founded in 1852.
Who are Wells Fargo key executives?
Wells Fargo's key executives are Charles W. Scharf, Mike Santomassimo and Sam Bullard.
How many employees does Wells Fargo have?
Wells Fargo has 268,531 employees.
What is Wells Fargo revenue?
Latest Wells Fargo annual revenue is $80.3 b.
What is Wells Fargo revenue per employee?
Latest Wells Fargo revenue per employee is $299 k.
Who are Wells Fargo competitors?
Competitors of Wells Fargo include Synchrony Financial, China Development Bank and Citibank.
Where is Wells Fargo headquarters?
Wells Fargo headquarters is located at 420 Montgomery St, San Francisco, San Francisco.
Where are Wells Fargo offices?
Wells Fargo has offices in San Francisco, Charlotte, Portland, Buenos Aires and in 33 other locations.
How many offices does Wells Fargo have?
Wells Fargo has 37 offices.
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