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

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Wells Fargo Latest News

Scandal may speed up Wells Fargo branch closures

Wells Fargo has more than 6,000 branches across 39 states. That's roughly 1,000 branches more than any other bank in America. The vast Wells Fargo branch network hasn't buckled much in recent years, even as rivals have pulled the plug on these expensive ...
Posted: October 21, 2016, 1:58 am

Workers Say Wells Fargo Unfairly Scarred Their Careers

Former Wells Fargo employees tell NPR that managers at the bank retaliated against them for calling the company's ethics line and pushing back against reckless sales practices. They say the bank fired them or pushed them to resign and then, in effect, put ...
Posted: October 21, 2016, 4:16 pm

Attorney General Investigating Potential Identity Theft in Wells Fargo Criminal Trial

After the bank's CEO John Stumpf stepped down, the California Attorney General is investigating whether employees committed identity theft.
Posted: October 21, 2016, 11:43 am
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