- 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
- Jan 2, 2009
- Business
- Wells Fargo & Company (NYSE: WFC), a diversified financial services holding company founded in 1852 and headquartered in San Francisco, California, provides banking, insurance, investments, mortgage, leasing, credit cards, and consumer and commercial finance products and services to individuals, small businesses, commercial enterprises, and institutional clients through physical branches, online platforms, mobile applications, and offices in more than 40 countries. Its core offerings encompass personal banking products such as checking and savings accounts, certificates of deposit, ATM/debit cards, Wells Fargo Rewards credit cards, home mortgages and refinances, auto loans, personal loans, and related services including Wells Fargo Online banking, Wells Fargo Mobile app, Bill Pay, Zelle, digital wallets, wire transfers, foreign exchange, global remittances, safe deposit boxes, and security features like fraud alerts; small business solutions including business checking and savings, business credit cards, business debit cards, business deposit cards, SBA loans, business loans and lines of credit, payroll services, merchant services, and business online banking with transfer, pay, financial management, and 24-hour support; commercial banking tailored for middle-market companies with annual revenues from $25 million to $2 billion, featuring asset-based loans, industry-specific financing for sectors like healthcare, technology, food, and manufacturing; corporate and investment banking services comprising investment banking advisory, global markets execution and analytics, commercial real estate financing and advisory, global payments and liquidity management; and wealth management through Wells Fargo Advisors offering advisory services, brokerage, insurance (life, disability, long-term care), account services, business services, sports and entertainment wealth planning, and brokered liquid deposits. The company operates globally with a significant U.S. focus, serving retail customers via over 7,300 locations and 12,000 ATMs, while supporting international business through its corporate and investment banking arm. Recent developments include the U.S. Federal Reserve lifting a seven-year $1.95 trillion asset cap in June 2025, enabling broader growth and a raised medium-term return on tangible common equity target to 17-18% from 15%; the March 2025 completion of the sale of its non-agency third-party commercial mortgage servicing business to Trimont, adding over 19,000 loans and enhancing Trimont's capabilities while streamlining Wells Fargo's operations; expanded advisory roles in major mergers and acquisitions, such as serving as financial advisor to Sycamore Partners on its $23.7 billion acquisition of Walgreens Boots Alliance and to Union Pacific on its $85 billion acquisition of Norfolk Southern, contributing to advising on half of 2025's top industrial deals; and a September 2025 partnership with TransFICC to integrate its One API platform for enhanced connectivity to European and Asian trading venues in credit, municipals, and mortgages, alongside U.S. team expansion plans.