Wells Fargo & Company
WFC-PC
New York Stock Exchange17.15
USD
-0.02
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Wells Fargo & Company
WFC-PC
(New York Stock Exchange)
Recent
price
17.15
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Wells Fargo & Company (NYSE: WFC-PC) operates as a diversified financial services holding company that provides banking, insurance, investments, mortgages, leasing, credit cards, and consumer and commercial finance products and services through its primary subsidiary Wells Fargo Bank, N.A. and other segments including Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management; core offerings encompass checking and savings accounts, certificates of deposit, home mortgages and refinances, auto loans, personal loans, business loans, lines of credit, SBA loans, credit cards including Wells Fargo Rewards, business debit and credit cards, merchant services, payroll services, brokerage, financial planning, trust and fiduciary services, advisory programs, life and disability insurance, equipment financing via subsidiaries like Wells Fargo Rail, mobile and online banking via Wells Fargo Mobile app and Wells Fargo Online, ATM services, transfer and pay options such as Bill Pay, Zelle, digital wallets, wire transfers, foreign exchange, global remittances, and security services including fraud alerts. Founded in 1852 by Henry Wells and William G. Fargo and headquartered in San Francisco, California, the company maintains over 8,000 branches, 13,000 ATMs, and 2,000 mortgage branches primarily in the United States, with international operations in more than 35 countries including offices in London, Dubai, Singapore, Tokyo, and back-offices in India and the Philippines, serving over 70 million customers worldwide as one of the Big Four U.S. banks and the fourth-largest by assets. Recent developments include the Federal Reserve lifting its asset cap in June 2025, enabling renewed growth and expanded corporate financing; a tax equity partnership with Enlight Renewable Energy in November 2025 for the $275 million Quail Ranch solar and storage project in New Mexico, marking its fifth U.S. tax equity deal totaling nearly $1 billion; appointment of Saul Van Beurden in November 2025 to lead AI expansion across the bank; ongoing branch expansion and refurbishments targeting over 655 locations in priority markets like New York City and Chicago by end-2025; and plans to sell its San Francisco headquarters in December 2024 while relocating nearby to downsize its footprint.