Wells Fargo & Company
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Charles William Scharf
- Full Time Employees
- 205,000
- Sector
- Finance
- Industry
- Major banks
- Address
- 333 Market Street San Francisco CA United States 94105
- IPO Date
- Dec 10, 1962
- CIK
- 0000072971
- Website
- wellsfargo.com
- Similar Companies
- Business
- Wells Fargo & Company (NYSE: WFC) operates as a diversified financial services holding company that provides banking, insurance, investments, mortgage, and consumer finance services through its subsidiaries to consumers, businesses, and institutions primarily in the United States. The company offers a broad range of products and services, including deposit products such as checking and savings accounts, certificates of deposit, and individual retirement accounts; lending products encompassing mortgages, home equity lines and loans, personal loans, auto loans, small business, commercial, commercial lines of credit, and equipment loans; credit cards; and investment management services including brokerage, financial planning, fiduciary services, annuities, and mutual funds. Additional offerings include international banking services, wealth management, corporate banking, treasury management, and payment processing solutions; it also provides insurance products like life, health, property, and casualty insurance through subsidiaries such as Wells Fargo Insurance Services. Founded in 1852 and headquartered in San Francisco, California, Wells Fargo conducts its operations across all 50 U.S. states, the District of Columbia, and territories, with select international presence in Canada, Mexico, Asia-Pacific, Europe, the Middle East, Africa, and Latin America, serving individual consumers, small and middle-market businesses, large corporations, and institutional clients. In recent developments, Wells Fargo completed the divestiture of its Private Bank to First Citizens BancShares in 2024 as part of ongoing regulatory remediation efforts; entered a strategic partnership with Fundomate in 2025 to enhance corporate treasury capabilities through advanced payment solutions; and launched new digital banking enhancements, including expanded buy now, pay later options and AI-driven financial wellness tools for retail customers. The company also announced a multi-year expansion of its commercial banking division in 2025, targeting middle-market growth with specialized industry verticals in healthcare, technology, and renewables; settled legacy regulatory matters with the U.S. Department of Justice in 2024 related to prior sales practices issues, paving the way for lifted asset caps by the Federal Reserve in 2025; and appointed key executives to bolster risk management and technology leadership amid its digital transformation strategy.
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