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)
272,800 (est)+2%
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
Show all (10)

Wells Fargo Data and Metrics

Wells Fargo Financial Metrics

Wells Fargo's revenue was reported to be $23.9 b in Q1, 2017
USD

Revenue (Q1, 2017)

23.9 b

Gross profit (Q1, 2017)

22 b

Gross profit margin (Q1, 2017), %

92%

EBIT (Q1, 2017)

12.3 b

Market capitalization (15-Sep-2017)

260.2 b

Cash (31-Mar-2017)

19.7 b
Wells Fargo's current market capitalization is $260.2 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

22.1 b22.2 b22.3 b22.3 b22.9 b23.5 b23.6 b23.9 b23.9 b

Cost of goods sold

1 b1 b977 m956 m988 m1.3 b1.4 b1.5 b1.9 b

Gross profit

21.1 b21.2 b21.3 b21.3 b21.9 b22.2 b22.2 b22.3 b22 b

Gross profit Margin, %

95%95%96%96%96%94%94%94%92%
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

20.6 b18 b19.8 b19.7 b17.4 b19.1 b20.4 b19.3 b19.7 b

Inventories

829 b839 b861 b888 b903 b947 b957 b961 b958 b

PP&E

9 b8.8 b8.7 b8.7 b8.8 b8.3 b8.3 b8.3 b8.3 b

Goodwill

25.7 b25.7 b25.7 b25.7 b25.7 b27 b27 b26.7 b26.7 b
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Depreciation and Amortization

1.3 b1.9 b727 m1.6 b2.4 b1.3 b2.2 b3.6 b1.2 b

Accounts Receivable

3 m(548 m)(300 m)(382 m)(643 m)(247 m)(272 m)(419 m)

Accounts Payable

326 m238 m76 m186 m79 m251 m361 m333 m

Cash From Operating Activities

(398 m)14.7 b2.5 b864 m19.8 b5.3 b(2.1 b)(4.5 b)13.2 b
USDY, 2017

Revenue/Employee

88.9 k

Financial Leverage

9.7 x
Show all financial metrics

Wells Fargo Operating Metrics

Wells Fargo's Total Loans Issued was reported to be $957.4 b in Q2, 2017. Wells Fargo's Customers was reported to be 70 m in Q1, 2017
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$863 b$917 b$947.3 b$957.2 b$961.3 b$968 b$958.4 b$957.4 b

Interactions per Year

58.8 m55.3 m

Average Number Of Active Credit Card Accounts

7.5 m7.6 m7.8 m7.9 m7.6 m7.7 m

Mobile Communication Customers

27.4 m27.4 m27.3 m27.9 m27.9 m
Show all operating metrics

Wells Fargo Market Value History

Wells Fargo Revenue Breakdown

Source: github.com

Wells Fargo Median Salaries

Source: 386 public H-1B filings from Wells Fargo
Show all human capital metrics

Traffic Overview of Wells Fargo

Wells Fargo Online and Social Media Presence

Wells Fargo Company Life and Culture

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