Wells Fargo & Company
WFC-PA
New York Stock Exchange18.34
USD
-0.03
- -
CIK
0000072971
ISIN
US94988U1280
CUSIP
94988U128
Return %
Stock
S&P500
1Y
0.44
26.53
3Y
-2.45
76.60
5Y
-29.35
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Charles W. Scharf
- Full Time Employees
- 215,367
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Address
- 420 Montgomery Street San Francisco CA United States of America 94104
- IPO Date
- Oct 22, 2020
- CIK
- 0000072971
- Website
- wellsfargo.com
- Similar Companies
- Business
- Wells Fargo & Company (NYSE: WFC), a diversified financial services holding company headquartered in San Francisco, California, and founded in 1852 by Henry Wells and William G. Fargo, provides banking, investment, mortgage, insurance, and consumer and commercial finance products and services through four primary operating segments: Consumer Banking and Lending, which offers deposit products including checking and savings accounts, credit and debit cards, home lending, auto lending, personal loans, and small business banking; Commercial Banking, which delivers banking and credit solutions across industry sectors and municipalities, secured lending and lease products, and treasury management services; Corporate and Investment Banking, encompassing corporate banking, investment banking advisory including mergers and acquisitions, treasury management, commercial real estate lending and servicing, equity and fixed income solutions, sales, trading, research capabilities, and foreign exchange services; and Wealth and Investment Management, providing personalized wealth planning, brokerage, financial advisory, lending, private banking, trust, and fiduciary services. The company operates approximately 4,900 retail branches, over 12,000 ATMs, and serves more than 70 million customers primarily in the United States with a presence in 35 countries and total assets of around $1.9 trillion to $2.0 trillion. Wells Fargo targets consumer, small business, middle-market, and large corporate clients across diverse industries such as energy, technology, agribusiness, education, healthcare, and industrials. Recent developments include the U.S. Federal Reserve's removal of the 2018 asset growth cap in March 2025, enabling expanded lending and deposit growth in consumer, commercial, and corporate investment banking areas; divestiture of its non-agency third-party commercial mortgage servicing business to Trimont, completed in March 2025 following an August 2024 agreement; termination of the Wells Fargo Merchant Services joint venture with Fiserv, set for April 2025; formation of a direct lending partnership with Centerbridge Partners through Overland Advantage, deploying $4.8 billion including $2 billion in 2025 deals; advising on half of the top 10 industrials M&A transactions in 2025 and major deals such as Sycamore Partners' $23.7 billion acquisition of Walgreens Boots Alliance and PNC Financial's $4.1 billion purchase of FirstBank Holding Company; branch network modernization with over 655 refurbishments by end-2025 and new openings emphasizing financial inclusion; and a strategic shift toward organic growth, cost savings exceeding $12 billion from exiting 13 businesses, and raised medium-term return on tangible common equity target to 17%-18% amid resolved regulatory orders.