Wells Fargo

Financial Services banks holding company insurance investment banks investment management leasing mortgages

Wells Fargo is a banking and financial services holding company. The Company's Community Banking segment offers checking and savings accounts, credit and debit cards, and automobile, student, mortgage, home equity, and small business loans. Its 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 Company's Wealth and Investment Management segment offers financial planning, private banking, credit, investment management and fiduciary services, as well as retirement and trust services.

Revenue(FY, 2017)

$97.7 B

Market capitalization(2018-10-15)

$256.4 B

Type	Public
HQ	San Francisco, US
Founded	1852
Size (employees)	265,000 (est)-1%
Website	wellsfargo.com

Wells Fargo was founded in 1852 and is headquartered in San Francisco, US

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Key People/Management at Wells Fargo

Hope A. Hardison

Senior EVP, Chief Administrative Officer

Richard D. Levy

EVP, Controller

Mary T. Mack

Senior EVP, Consumer Banking

Avid Modjtabai

Senior EVP, Payments, Virtual Solutions and Innovation

Amanda G. Norton

Senior EVP, Chief Risk Officer

C. Allen Parker

Senior EVP, General Counsel

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Wells Fargo Office Locations

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Wells Fargo has an office in San Francisco

San Francisco, US (HQ)

420 Montgomery St

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Wells Fargo Financials and Metrics

Wells Fargo Revenue

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Wells Fargo's revenue was reported to be $97.74 b in FY, 2017 which is a 3.8% increase from the previous period.

Summary

USD
Revenue (Q2, 2018)	50.1b
Gross profit (Q2, 2018)	43.5b
Gross profit margin (Q2, 2018), %	86.9%
EBIT (Q2, 2018)	24.8b
Market capitalization (15-Oct-2018)	256.4b
Closing stock price (15-Oct-2018)	53.2
Cash (30-Jun-2018)	20.5b
EV	559.7b

Wells Fargo's current market capitalization is $256.4 b.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	88.4b	90.0b	94.2b	97.7b
Revenue growth, %	0%	2%	5%	4%
Cost of goods sold	4.0b	4.0b	5.9b	9.4b
Gross profit	84.3b	86.1b	88.3b	88.4b

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	Q1, 2018	Q2, 2018
Revenue	21.6b	22.1b	22.2b	22.3b	22.3b	22.9b	23.5b	23.6b	23.9b	23.9b	24.4b	24.5b	25.0b	50.1b
Cost of goods sold	997.0m	1.0b	1.0b	977.0m	956.0m	988.0m	1.3b	1.4b	1.5b	1.9b	2.2b	2.6b	3.1b	6.6b
Gross profit	20.6b	21.1b	21.2b	21.3b	21.3b	21.9b	22.2b	22.2b	22.3b	22.0b	22.2b	21.9b	21.9b	43.5b
Gross profit Margin, %	95%	95%	95%	96%	96%	96%	94%	94%	94%	92%	91%	89%	88%	87%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	19.6b	19.1b	20.7b	23.4b
Accounts Receivable	850.2b	905.0b	956.2b	945.8b
PP&E	8.7b	8.7b	8.3b	8.8b
Goodwill	25.7b	25.5b	26.7b	26.6b

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	Q1, 2018	Q2, 2018
Cash	19.7b	20.6b	18.0b	19.8b	19.7b	17.4b	19.1b	20.4b	19.3b	19.7b	20.2b	19.2b	18.1b	20.5b
Accounts Receivable	812.7b	815.8b	826.2b	849.1b	876.7b	891.6b	935.6b	945.5b	949.7b	947.2b	946.4b	940.8b	936.9b
Inventories														944.3b
PP&E	9.0b	9.0b	8.8b	8.7b	8.7b	8.8b	8.3b	8.3b	8.3b	8.3b	8.4b	8.4b	8.8b	8.9b

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Depreciation and Amortization	2.5b	3.3b	5.0b	5.4b
Accounts Payable	119.0m	160.0m
Cash From Operating Activities	17.5b	14.8b	169.0m	18.7b
Cash From Investing Activities	(128.4b)	(107.2b)	(122.1b)	(5.2b)

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	Q1, 2018	Q2, 2018
Depreciation and Amortization	571.0m	1.3b	1.9b	727.0m	1.6b	2.4b	1.3b	2.2b	3.6b	1.2b	2.5b	3.8b	1.4b	2.8b
Accounts Payable	221.0m	326.0m	238.0m	76.0m	186.0m	79.0m	251.0m	361.0m	333.0m
Cash From Operating Activities	2.8b	(398.0m)	14.7b	2.5b	864.0m	19.8b	5.3b	(2.1b)	(4.5b)	13.2b	9.0b	18.5b	15.2b	14.4b
Cash From Investing Activities	(18.2b)	(52.7b)	(95.3b)	(42.9b)	(28.1b)	(72.4b)	(50.4b)	(69.5b)	(109.2b)	(29.3b)	12.6b	9.3b	10.2b	10.7b

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Ratios

USD	Y, 2018
EV/EBIT	22.6 x
EV/CFO	38.9 x
Revenue/Employee	188.9k
Financial Leverage	9.1 x

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Wells Fargo Operating Metrics

	Q1, 2014	Q2, 2014	Q3, 2014	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Nov, 2017	FY, 2017	Q1, 2018
ATMs	12 k	12.50 k	12.50 k	12.50 k	12.50 k	12.80 k	12.80 k	13 k	13 k	13 k	13 k	13 k	13 k	13 k	13 k	13.59 k		13 k
Locations	9 k	9 k	8.70 k	8.70 k	8.70 k	8.70 k	8.70 k	8.70 k	8.80 k	8.60 k	8.60 k	8.60 k	8.50 k	8.50 k	8.40 k	8.40 k		8.20 k
Mobile Communication Customers	23.80 m	24.10 m	24.40 m	24.80 m	25.70 m	26 m	26.30 m	26.40 m	27.20 m	27.40 m	27.40 m	27.40 m	28.10 m	27.90 m	27.80 m	27.80 m	28.10 m	28.80 m
Non-accrual Loans												$10.40 b			$8.60 b		$8 b

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Wells Fargo Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
Merlin Securities	April 27, 2012
Ragen Mackenzie	September 28, 1999	$240 m
AILS
Augustus Ventures Limited
Azalea Asset Management
Bergamasco Funding
Biscoe Finance
Brittlebush Financing
Carnation Asset Management
Danube Holdings I C.V.

Wells Fargo Revenue Breakdown

Business Segment

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Wells Fargo revenue breakdown by business segment: 52.0% from Community Banking , 30.0% from Wholesale Banking and 18.0% from Wealth and Investment Management