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

Trump: Wells Fargo fines in mortgage cases 'will not be dropped' and could be hiked

President Donald Trump rejected the idea that Wells Fargo would skate on penalties associated with claims of mortgage lending abuse. Reports circulated this week that Mick Mulvaney, interim head of the CFPB, was reviewing prior settlements the agency had ...
Posted: December 11, 2017, 6:20 pm

Trump says Wells Fargo’s penalties for ‘bad acts’ could be ‘substantially increased’

This story has been updated with news about a legal brief filed by Democratic state attorneys general, challenging President Trump’s appointment of an acting director to lead the Consumer Financial Protection Bureau. President Trump on Friday lashed ...
Posted: December 8, 2017, 6:33 pm

Help ID suspect from Wells Fargo Bank robbery in Greenville Co.

Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) Share on Facebook (Opens in new window) Click to share on Pinterest (Opens in new window) Bank Robbery Suspect (From: Greenville Co. Sheriff's Office ...
Posted: December 11, 2017, 12:45 pm
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