Wells Fargo & Company
WFC-PZ
New York Stock Exchange18.64
USD
+0.02
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Wells Fargo & Company
WFC-PZ
(New York Stock Exchange)
Recent
price
18.64
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Wells Fargo & Company operates as a diversified financial services company primarily engaged in banking, investment, mortgage, and consumer and commercial finance products and services. The company offers a broad range of services including consumer banking and lending with products such as home lending, auto loans, credit cards, and merchant services; commercial banking featuring corporate banking, treasury management, commercial real estate lending, and commercial finance; corporate and investment banking providing investment banking, equity and fixed income solutions, sales, trading, and research capabilities; as well as wealth and investment management services targeting ultra-high-net-worth clients. Wells Fargo operates through a network of over 7,300 branches, 12,000 ATMs, and digital platforms, serving customers in more than 40 countries and territories globally. Founded in 1852, the company is headquartered in San Francisco, California. In recent years, Wells Fargo has strategically reoriented its business by reducing its home lending franchise size while increasing investments in its credit card and auto lending portfolios. The company has also streamlined its operations through business simplification and shedding non-core businesses to improve profitability and earnings quality. Wells Fargo reported growth in adjusted pre-provision net revenue to nearly $30 billion in 2024, driven by strong net interest income, fee income, and disciplined expense management. Additionally, the firm has enhanced its risk-adjusted profitability and delivered a 13.4% return on tangible common equity approaching its targeted 15%. It continues to focus on core businesses including consumer lending, commercial banking, corporate and investment banking, and wealth management while expanding digital capabilities and maintaining a robust capital and liquidity profile. Wells Fargo serves a wide range of customer segments encompassing retail consumers, small and middle-market businesses, large corporations, institutional clients, and ultra-high-net-worth individuals. Its diversified product portfolio includes deposit accounts, mortgages, auto and personal loans, credit cards, merchant services, corporate banking products, investment banking advisory, asset management, and trust services. The company maintains a significant presence in the U.S. market with extensive branch and ATM networks complemented by global offices to support international business operations and cross-border client needs. Wells Fargo remains one of the largest U.S. mortgage originators and servicers, managing one of the largest loan servicing portfolios nationwide. Recent major developments include Wells Fargo's ongoing commitment to enhancing technology infrastructure, expanding digital banking solutions, and investing in customer service improvements. The firm has actively engaged in partnerships and strategic initiatives to bolster payments, liquidity management, and client advisory capabilities across its business lines. It has also adjusted its organizational structure, exemplified by the creation of a new Retail Services unit within its consumer lending business to better target specific customer needs. Wells Fargo’s business transformations and focused investment in core areas underscore its effort to optimize growth, efficiency, and competitive positioning amid evolving market conditions. In summary, Wells Fargo & Company is a leading American multinational financial services institution delivering comprehensive banking, lending, investment, mortgage, and wealth management solutions to a diverse client base through an extensive physical and digital footprint, guided by strategic business realignments and continuous innovation initiatives. The company is recognized as a systemically important financial institution and is ranked among the largest U.S. banks by assets and market presence as of 2025.