Company
Wells Fargo
Official Name: Wells Fargo & Company
Headquarters: San Francisco, CA, United States
Founded: 1929
Employees: 247,848
CEO: Mr. Charles W. Scharf
Market Cap
$178.97 Billion
USD as of Jan. 1, 2024
Wells Fargo Categories
United States Financials Banks—DiversifiedUnited States Financials United States Banks—Diversified
Company Description
Tracing its origins to 1852, Wells Fargo & Company is a multinational financial services company headquartered in San Francisco, California and incorporated in Delaware, and present in more than 35 countries. The company is engaged in three main lines of business: community banking, wholesale banking, and wealth, brokerage, and retirement. Wells Fargo's main subsidiary, Wells Fargo Bank operates more than 8,000 branches and 13,000 ATMs.
Top Competitors by Market Capitalization
Industry: Banks—Diversified
| Company | Market Cap (USD) |
|---|---|
| JPMorgan | $495.55 B |
| Bank of America | $267.48 B |
| ICBC | $226.49 B |
| Agricultural Bank of China | $178.47 B |
| HSBC | $155.80 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.
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Stocks & Indices
Wells Fargo & Company has the following listings and related stock indices.
Stock: NYSE: WFC wb_incandescent
Stock: BCBA: WFCD wb_incandescent
Stock: FSX: NWT wb_incandescent
Stock: NYSE: WFC-L wb_incandescent
Stock: NYSE: WFC-O wb_incandescent
Stock: NYSE: WFC-Q wb_incandescent
Stock: NYSE: WFC-R wb_incandescent
Stock: NYSE: WFC-X wb_incandescent
Stock: NYSE: WFC-Y wb_incandescent
Stock: NYSE: WFC-Z wb_incandescent
Stock: XETR: NWT wb_incandescent
Product & Services
Asset managementBrokerage servicesBankingCommoditiesCredit cardsEquities tradingFinance and insuranceForeign currency exchangeForeign exchange tradingFutures & options tradingInvestment managementInsuranceMoney market tradingRisk managementTreasury & security servicesUnderwritingWealth management
Key People
Founder(s): Henry Wells William Fargo (Wells Fargo Bank)
Steven Black (Chairman) Charles Scharf (President and CEO)
Financials
Revenue: US$78.492 billion (2021)
Operating income: US$28.82 billion (2021)
Net income: US$21.548 billion (2021)
Total assets: US$1.955 trillion (2021)
Total equity: US$190.1 billion (2021)