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.

TypePublic
HQSan Francisco, US
Founded1852
Size (employees)265,000 (est)-1%
Websitewellsfargo.com
Wells Fargo was founded in 1852 and is headquartered in San Francisco, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Key People/Management at Wells Fargo

Hope A. Hardison

Hope A. Hardison

Senior EVP, Chief Administrative Officer
Richard D. Levy

Richard D. Levy

EVP, Controller
Mary T. Mack

Mary T. Mack

Senior EVP, Consumer Banking
Avid Modjtabai

Avid Modjtabai

Senior EVP, Payments, Virtual Solutions and Innovation
Amanda G. Norton

Amanda G. Norton

Senior EVP, Chief Risk Officer
C. Allen Parker

C. Allen Parker

Senior EVP, General Counsel
Show more

Wells Fargo Office Locations

Wells Fargo has an office in San Francisco
San Francisco, US (HQ)
420 Montgomery St
Show all (1)
Report incorrect company information

Wells Fargo Financials and Metrics

Wells Fargo Revenue

Embed Graph
Wells Fargo's revenue was reported to be $97.74 b in FY, 2017 which is a 3.8% increase from the previous period.
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.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

88.4b90.0b94.2b97.7b

Revenue growth, %

0%2%5%4%

Cost of goods sold

4.0b4.0b5.9b9.4b

Gross profit

84.3b86.1b88.3b88.4b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

21.6b22.1b22.2b22.3b22.3b22.9b23.5b23.6b23.9b23.9b24.4b24.5b25.0b50.1b

Cost of goods sold

997.0m1.0b1.0b977.0m956.0m988.0m1.3b1.4b1.5b1.9b2.2b2.6b3.1b6.6b

Gross profit

20.6b21.1b21.2b21.3b21.3b21.9b22.2b22.2b22.3b22.0b22.2b21.9b21.9b43.5b

Gross profit Margin, %

95%95%95%96%96%96%94%94%94%92%91%89%88%87%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

19.6b19.1b20.7b23.4b

Accounts Receivable

850.2b905.0b956.2b945.8b

PP&E

8.7b8.7b8.3b8.8b

Goodwill

25.7b25.5b26.7b26.6b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

19.7b20.6b18.0b19.8b19.7b17.4b19.1b20.4b19.3b19.7b20.2b19.2b18.1b20.5b

Accounts Receivable

812.7b815.8b826.2b849.1b876.7b891.6b935.6b945.5b949.7b947.2b946.4b940.8b936.9b

Inventories

944.3b

PP&E

9.0b9.0b8.8b8.7b8.7b8.8b8.3b8.3b8.3b8.3b8.4b8.4b8.8b8.9b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Depreciation and Amortization

2.5b3.3b5.0b5.4b

Accounts Payable

119.0m160.0m

Cash From Operating Activities

17.5b14.8b169.0m18.7b

Cash From Investing Activities

(128.4b)(107.2b)(122.1b)(5.2b)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Depreciation and Amortization

571.0m1.3b1.9b727.0m1.6b2.4b1.3b2.2b3.6b1.2b2.5b3.8b1.4b2.8b

Accounts Payable

221.0m326.0m238.0m76.0m186.0m79.0m251.0m361.0m333.0m

Cash From Operating Activities

2.8b(398.0m)14.7b2.5b864.0m19.8b5.3b(2.1b)(4.5b)13.2b9.0b18.5b15.2b14.4b

Cash From Investing Activities

(18.2b)(52.7b)(95.3b)(42.9b)(28.1b)(72.4b)(50.4b)(69.5b)(109.2b)(29.3b)12.6b9.3b10.2b10.7b
USDY, 2018

EV/EBIT

22.6 x

EV/CFO

38.9 x

Revenue/Employee

188.9k

Financial Leverage

9.1 x
Show all financial metrics

Wells Fargo Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Merlin SecuritiesApril 27, 2012
Ragen MackenzieSeptember 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.
Show more

Wells Fargo Revenue Breakdown

Embed Graph

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

Human Capital Metrics

Source: github.com
Embed Graph
Show all human capital metrics
Report incorrect company information

Wells Fargo Online and Social Media Presence

Embed Graph
Report incorrect company information

Wells Fargo News and Updates

UPDATE 3-U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

UPDATE 2-U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

Capitol Report: Elizabeth Warren says Fed should keep Wells Fargo restrictions in place until CEO Sloan is ousted

The Federal Reserve should keep restrictions on Wells Fargo in place until the bank gets rid of CEO Tim Sloan, Senator Elizabeth Warren said on Thursday in a letter to the central bank.

Capitol Report: Warren says Fed should keep Wells Fargo restrictions in place until CEO Sloan is ousted

The Federal Reserve should keep restrictions on Wells Fargo in place until the bank gets rid of CEO Tim Sloan, Senator Elizabeth Warren said on Thursday in a letter to the central bank.

UPDATE 1-U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.
Show more
Report incorrect company information

Wells Fargo Company Life and Culture

Report incorrect company information