- 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
- Apr 19, 2017
- Business
- Wells Fargo & Company (NYSE: WFC) provides diversified financial services, including banking, insurance, investments, mortgages, leasing, credit cards, and consumer finance through physical branches, online platforms, and other channels worldwide. Founded in 1852 and headquartered in San Francisco, California, with executive offices at 30 Hudson Yards in New York City, the company operates in 35 countries, serving consumer, small business, commercial, and institutional clients via four main segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. Core products and services encompass checking and savings accounts; certificates of deposit; home mortgages and refinances; auto, personal, and small business loans; business lines of credit and SBA loans; credit, debit, and rewards cards; merchant and payroll services; investment management, IRAs, brokerage, and advisory programs; insurance products; equipment financing including railcars; and digital tools such as online banking, mobile apps, Zelle, Bill Pay, wire transfers, and foreign exchange.
Recent developments include the May 2025 sale of approximately 105,000 railcars to a joint venture between GATX Corporation and Brookfield Infrastructure Partners for $4.4 billion, financed in part by Wells Fargo Securities; the March 2025 divestiture of its non-agency third-party commercial mortgage servicing business to Trimont, adding over 19,000 loans to Trimont's portfolio; and the August 2025 expansion of its strategic partnership with Google Cloud to deploy agentic AI tools via Google Agentspace for enhanced customer experiences and operational efficiency.