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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.

HQSan Francisco, US
Employee Ratings3.6
Culture scoreB+

Latest Updates

Employees (est.) (Dec 2019)259,800
Job Openings3,250
Revenue (FY, 2019)$85.1 B(-15%)
Share Price (May 2020)$24.2 (-1%)

Key People/Management at Wells Fargo

Jay Bryson

Jay Bryson

Managing Director, Acting Chief Economist
John Shrewsberry

John Shrewsberry

Senior EVP & CFO
Charles W. Scharf

Charles W. Scharf

Chief Executive Officer and President
Derek A. Flowers

Derek A. Flowers

Senior EVP, Head of Strategic Execution and Operations
Mark Vitner

Mark Vitner

Managing Director, Senior Economist
Sam Bullard

Sam Bullard

Managing Director, Senior Economist
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Wells Fargo Office Locations

Wells Fargo has offices in San Francisco, Charlotte, Portland, Buenos Aires and in 33 other locations
San Francisco, US (HQ)
420 Montgomery St, San Francisco
Charlotte, US
One Wells Fargo Center, 301 S College St
Portland, US
P.O. Box 6995
Buenos Aires, AR
855 Piso, 16th Floor, Av. Leandro N Alem
Dhaka, BD
2nd Floor, Suite, Ninakabbo, 227/A Bir Uttam Mir Shawkat Sarak
São Paulo, BR
Av. Pres. Juscelino Kubitschek, 1600 - 14th floor - Vila Nova Conceição
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Wells Fargo Financials and Metrics

Wells Fargo Revenue

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Wells Fargo's revenue was reported to be $85.06 b in FY, 2019

Revenue (Q1, 2020)


Gross profit (Q1, 2020)


Gross profit margin (Q1, 2020), %


Net income (Q1, 2020)


Market capitalization (22-May-2020)


Closing stock price (22-May-2020)


Cash (31-Mar-2020)



Wells Fargo's current market capitalization is $99.1 b.
USDFY, 2016FY, 2017FY, 2018FY, 2019



Revenue growth, %


Cost of goods sold


Gross profit

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020



Cost of goods sold


Gross profit


Gross profit Margin, %

USDFY, 2016FY, 2017FY, 2018FY, 2019



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USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income


Depreciation and Amortization


Accounts Payable


Cash From Operating Activities

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income


Depreciation and Amortization


Accounts Payable


Cash From Operating Activities

USDY, 2020


23.5 x

Financial Leverage

10.8 x
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Wells Fargo Operating Metrics

Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019

Assets Under Management (Wealth and Investment Management)

$481 b$484 b$498 b$482 b$481 b$487 b$496 b$504 b$497 b$494 b$483 b$466 b$476 b$495 b$503 b$509 b

Purchase Volume (Consumer Credit Card Portfolio)

$17.47 b$19.39 b$19.64 b$20.18 b$17.92 b$20 b$20.24 b$21.16 b$19.11 b$21.24 b$21.48 b$22.25 b$20.06 b$22.46 b$22.53 b$23.13 b

POS Transactions (Consumer Credit Card Portfolio)

256 m283 m296 m302 m271 m297 m306 m315 m286 m310 m319 m329 m299 m329 m337 m341 m

New Accounts (Consumer Credit Card Portfolio)

664.34 k680 k667 k319 k358 k395 k461 k378 k397 k423 k539 k449 k507 k498 k469 k366 k
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Wells Fargo Acquisitions / Subsidiaries

Company NameDateDeal Size
Merlin SecuritiesApril 27, 2012
Ragen MackenzieSeptember 28, 1999$240 m
Augustus Ventures Limited
Azalea Asset Management
Bergamasco Funding
Biscoe Finance
Brittlebush Financing
Carnation Asset Management
Danube Holdings I C.V.
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Wells Fargo Revenue Breakdown

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Wells Fargo revenue breakdown by business segment: 17.8% from Wealth and Investment Management, 51.0% from Community Banking and 31.2% from Wholesale Banking

Human Capital Metrics

Source: github.com
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Wells Fargo Online and Social Media Presence

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Wells Fargo Company Culture

  • Overall Culture



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  • Compensation



  • Diversity



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Wells Fargo News and Updates

Class Action Lawsuit Claims Bank of America, Wells Fargo, Other Banks Refused to Pay Agents for Preparing PPP Applications

ATLANTA, May 22, 2020 /PRNewswire/ -- Attorneys from Heninger Garrison Davis, LLC's class action group, along with co-counsel from Geragos & Geragos, PC, Zimmerman Reed, LLP, and Zumpano Patricios & Popok, PLLC, and Graylaw Group, Inc., filed a class action complaint against a number of...

Can Wells Fargo Stock Gain 50% Post-COVID?

Based on a comparison of Wells Fargo’s stock (NYSE: WFC) trajectory over recent months with that around the 2008 recession, we believe that the stock can potentially gain 50% once fears surrounding the coronavirus outbreak subside - scaling $36 from current levels of $24...

Wells Fargo Innovation Icubator ramps up funding for cleantech startups

The Wells Fargo Innovation Incubator (IN2) today announced that it has accelerated its awards progra...

Ameriprise Financial Welcomes Two Teams from Wells Fargo and UBS with $286 Million in Assets

The advisors have felt the strength of Ameriprise as they’ve moved to virtual meetings and supported clients through market volatility with high-touch technology, research and insights.read more

Fed Releases Wells Fargo From PPP Loan Cap

The Federal Reserve says Wells Fargo's Paycheck Protection Loans will no longer count against the 2018 asset restrictions it had previously imposed on the bank.

Federal Reserve Will Lift Asset Cap On Wells Fargo For Small Business Stimulus Loans

The Fed imposed the cap in 2018 after Wells Fargo's fake account scandal.
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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 Jay Bryson, John Shrewsberry and Charles W. Scharf.

  • How many employees does Wells Fargo have?

    Wells Fargo has 259,800 employees.

  • What is Wells Fargo revenue?

    Latest Wells Fargo annual revenue is $85.1 b.

  • What is Wells Fargo revenue per employee?

    Latest Wells Fargo revenue per employee is $327.4 k.

  • Who are Wells Fargo competitors?

    Competitors of Wells Fargo include Goldman Sachs, Citi and JPMorgan Chase.

  • 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.