Wells Fargo & Co - Company Profile
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Wells Fargo & Co (WFC) is a financial services company that provides a wide range of banking, investment, and mortgage products and services. The company's main activities include consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. It offers products such as checking and savings accounts, credit and debit cards, home and auto loans, and investment solutions. The company serves consumers, small businesses, private and public companies, and high-net-worth individuals. WFC operates through various distribution channels, including physical locations, ATMs, internet, and mobile banking. The company has a presence in the US and international markets, targeting a diverse customer base. WFC is headquartered in San Francisco, California, the US.
Headquarters
United States of America
Address
420 Montgomery Street, San Francisco, California, 94104
Website
www.wellsfargo.com
Telephone
1 800 8693557
No of Employees
197,466
Industry
Financial Services
Ticker Symbol & Exchange
WFC (NYSE)
Revenue (2024)
$123.5B
-1.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
8.2%
(2024 vs 2023)
Market Cap*
$261.4B
Net Profit Margin (2024)
XYZ
9.8%
(2024 vs 2023)
* As of and is in US$
Wells Fargo & Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Foreign Exchange | Wells Fargo |
| Checking Accounts | Wealth Management | |
| Savings Accounts | Remittance | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In May, the company launched Advisor Gateway, a modernized desktop platform giving financial advisors one-click access to 200+ tools. |
| 2026 | Others | In April, the company added Cathay Pacific to its Rewards Points Transfer program. |
| 2026 | Asset Disposal | In January, the company sold approximately 101,000 railcars to GATX Corporation and Brookfield Infrastructure Partners for US$4.2 billion. |
Competitor Comparison
| Key Parameters | Wells Fargo & Co | JPMorgan Chase & Co | Bank of America Corp | Citigroup Inc | The Goldman Sachs Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | San Francisco | New York | Charlotte | New York | New York |
| State/Province | California | New York | North Carolina | New York | New York |
| No. of Employees | 197,466 | 320,560 | 211,304 | 219,000 | 46,200 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven D. Black | Chairman | Executive Board | 2020 | 73 |
| Charles W. Scharf | Chairman; Chief Executive Officer; President | Executive Board | 2019 | 61 |
| Michael P. Santomassimo | Chief Financial Officer; Senior Executive Vice President | Senior Management | 2020 | 50 |
| Scott E. Powell | Chief Operating Officer; Senior Executive Vice President | Senior Management | 2019 | 63 |
| Derek A. Flowers | Chief Risk Officer; Senior Executive Vice President | Senior Management | 2022 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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