Wells Fargo & Co Company Profile

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Wells Fargo & Co (WFC) is a diversified financial service holding company that offers retail and wholesale banking, and wealth management services to individuals, businesses, high-net-worth individuals, and institutions, through its subsidiaries. It provides a range of commercial and consumer loans, agricultural finance, card products, deposit services, and transaction services. It provides services such as mortgage banking, equipment leasing, insurance agency, and brokerage, securities brokerage and investment banking, trust services, data processing, investment advisory, mortgage-backed securities servicing, and venture capital investment. It operates through branches, ATMs, and mobile and internet distribution channels globally. WFC is headquartered in San Francisco, California, the US.

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Headquarters United States of America

Address 420 Montgomery St, San Francisco, California, 94104

Website www.wellsfargo.com

Telephone 1 866 2493302

No of Employees 224,824

Industry Financial Services

Ticker Symbol & Exchange WFC (NYSE)

Revenue (2022) $115.3B 38.2% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 40% (2022 vs 2021)

Market Cap* $214.3B

Net Profit Margin (2022) XYZ 1.3% (2022 vs 2021)

* As of and is in US$

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Wells Fargo & Co premium industry data and analytics

16+

Insurance Market Data Insights

Insight into market share and brand performance.

8

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Wells Fargo & Co (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

IT Client Prospector provides intelligence on Wells Fargo & Co’s likely spend across technology areas enabling you to understand the digital strategy.

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

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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year	Event	Description
2024	New Products/Services	In May, the company and Mastercard introduced the Signify Business Cash World Elite Mastercard.
2024	Acquisitions/Mergers/Takeovers	In April, the company along with Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Tower Research Capital, and Morgan Stanley acquired a stake in Fenics Markets Xchange for US$667 million.
2024	New Products/Services	In March, the company introduced the Autograph Journey Visa Card.

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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	224,824	311,921	212,000	237,000	44,400
Entity Type	Public	Public	Public	Public	Public

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Key Financial Charts

Net Income Growth

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Executives

Name	Position	Board	Since	Age
Steven D. Black	Chairman	Executive Board	2021	71
Charles W. Scharf	Director; President; Chief Executive Officer	Executive Board	2019	59
Michael P. Santomassimo	Senior Executive Vice President; Chief Financial Officer	Senior Management	2020	48
Scott E. Powell	Chief Operating Officer; Senior Executive Vice President	Senior Management	2019	61
Derek A. Flowers	Chief Risk Officer; Senior Executive Vice President	Senior Management	2022	52
Non Dignissim Eros	Proin vel	Convallis	2024	XY
Non Dignissim Eros	Proin vel	Convallis	2024	XY
Non Dignissim Eros	Proin vel	Convallis	2024	XY

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Wells Fargo & Co Company Profile - Overview (2024)