Wells Fargo Net Worth is$178.7 B
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Company Name: Wells Fargo & Company

Company Logo: Image:Wells Fargo Bank.svg

Company Type: Public

Traded As: WFC, ''S&P 500''

Predecessors: Wachovia, Norwest

Foundation: New York City, New York, U.S.,

Location City: San Francisco, California

Location Country: U.S.

Area Served: Worldwide

Key People: John G. Stumpf, (Chairman, President & CEO)

Industry: Banking, Financial services

Products: Credit cards, Retail banking, Commercial bank, investment banking, Private banking, financial analysis, private equity

Revenue: author

Operating Income: net income

Assets: equity

Num Employees: 264,400 (2011)
Homepage: https://www.wellsfargo.com//WellsFargo.com

Intl: yes

Wells Fargo & Company (NYSE: WFC) is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. In 2011, Wells Fargo was the 23rd largest company in the United States. Wells Fargo is headquartered in San Francisco, California, but has major "hubquarters" in other cities throughout the country.
In 2007 it was the only bank in the United States to be rated AAA by S&P, though its rating has since been lowered to AA- in light of the financial crisis of 2007a??2012. The firm's primary U.S. operating subsidiary is national bank Wells Fargo Bank, N.A., which designates its main office as Sioux Falls, South Dakota.
Wells Fargo in its present form is a result of an acquisition of San Francisco-based Wells Fargo & Company by Minneapolis-based Norwest Corporation in 1998 and the subsequent 2008 acquisition of Charlotte-based Wachovia. Although Norwest was technically the surviving entity in the 1998 merger, the new company renamed itself Wells Fargo, capitalizing on the 150-year history of the nationally recognized name and its trademark stagecoach. Following the acquisition, the company transferred its headquarters to Wells Fargo's headquarters in San Francisco and merged its operating subsidiary with Wells Fargo's operating subsidiary in Sioux Falls.
In 2012, Wells Fargo had more than 9,000 retail branches and 12,198 automated teller machines in 39 states and the District of Columbia. It has over 270,000 employees and over 70 million customers.
Wells Fargo is one of the Big Four banks of the United States with Bank of America, Citigroup and JP Morgan Chase.
The current Wells Fargo is a result of a 1998 merger between Minneapolis-based Norwest Corporation and the original Wells Fargo. Although Norwest was the nominal surviv

Wells Fargo Latest News

Duke’s independent streak to be put to test at Wells Fargo

Betsy Duke started in banking fresh out of drama school as a drive-through teller in Virginia Beach, her coastal hometown. Still working at a dinner theatre and waiting tables on weekends, the budding thespian went full time at the branch only after her ...
Posted: August 18, 2017, 3:39 am

Wells Fargo's auditor KPMG comes under renewed scrutiny as scandals continue

Wells Fargo's longtime auditor, KPMG, is facing renewed scrutiny as the bank continues to struggle with new scandals and lawsuits that forced it to reshuffle its board and face frustrated investors. A new report from MarketWatch takes a close look at how ...
Posted: August 18, 2017, 2:45 pm

Wells Fargo Troubles Shift From Phony Bank Accounts to Real Ones

(Reuters) - After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to ...
Posted: August 18, 2017, 11:18 am

Wells Fargo troubles shift from phony accounts it opened to real accounts it closed

(Reuters) - After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co (WFC.N) has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without ...
Posted: August 18, 2017, 10:52 am

Wells Fargo board shakeup marks latest response to unauthorized accounts scandal

Wells Fargo CEO Tim Sloan took over the company last year after the fake accounts scandal. Time Wells Fargo (WFC) is shaking up its board of directors in the embattled bank's latest effort to regain customer trust following its scandal over millions of ...
Posted: August 16, 2017, 8:11 am
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