- 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
- Jul 21, 2021
- 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 loans, commercial real estate loans, and commercial lines of credit; credit and debit cards; and investment products like brokerage services, mutual funds, annuities, and advisory services; as well as digital banking platforms, wealth management, and trust services. Wells Fargo conducts its operations across all 50 U.S. states, the District of Columbia, and certain U.S. territories, with international presence in Canada, Mexico, Puerto Rico, and other countries through branches, subsidiaries, and correspondent banking relationships.
Founded in 1852 and headquartered in San Francisco, California, Wells Fargo serves individual consumers, small and middle-market businesses, large corporations, and institutional clients across its four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.
In recent developments, Wells Fargo completed the sale of its Chief Investment Office (CIO) business to GTCR in the second quarter of 2025, marking a strategic divestiture to focus on core banking operations; the company also announced expansions in its digital capabilities, including enhanced AI-driven fraud detection and personalized financial advisory tools launched in late 2024; additionally, Wells Fargo entered a multi-year strategic alliance with fintech firm Plaid in early 2025 to improve open banking integrations and customer data connectivity.