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Wells Fargo & Company is one of the largest financial institutions in the United States, classified within the financial sector and primarily operating in the Diversified Banks industry. Founded by Henry Wells and William G. Fargo, the company began as an express and banking service in California and has grown into one of the world’s leading banks.
To support its operations, Wells Fargo offers a broad range of financial products and services, including checking and savings accounts, credit and debit cards, auto loans, mortgages, small-business financing, financial planning, private banking, investment management, and corporate financial solutions for large enterprises.
The company operates through four main business segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.
Wells Fargo serves millions of customers across all 50 U.S. states, the District of Columbia and various countries worldwide. The company maintains an extensive network of branches, ATMs, digital platforms and other distribution channels, employing approximately 268,000 team members.
Wells Fargo & Company conducts its operations through several subsidiaries that broaden its footprint in the financial sector:
• Wells Fargo Bank, N.A. – Retail and commercial banking services, including deposit accounts, lending and mortgages.
• Wells Fargo Advisors and Wells Fargo Asset Management – Investment management and financial planning.
• Wells Fargo Securities – Investment banking services, including mergers and acquisitions.
• Wells Fargo Commercial Banking – Financial solutions for businesses.
• Wells Fargo Home Mortgage – Residential mortgage lending.
• Wells Fargo Auto – Vehicle financing.
• Wells Fargo Private Bank – Private banking and wealth management.
• Wells Fargo Insurance Services – Insurance solutions.
• Wells Fargo Merchant Services – Payment processing.
• Wells Fargo International – Global operations.
Together, these subsidiaries enable Wells Fargo to deliver integrated financial solutions for individuals, businesses and institutions.
On the NYSE, the company trades under the ticker WFC, and in Brazil it is available through BDRs under the code WFCO34.
History and Foundation of Wells Fargo
Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo, who were also the founders of American Express. Initially, the company provided express delivery and banking services to meet the rising demand generated by the California Gold Rush.
In 1905, Wells Fargo separated its banking operations from its express business, focusing exclusively on financial services. In 1918, during World War I, the U.S. government took control of the company’s express operations as part of the wartime effort.
Over the decades, Wells Fargo expanded through strategic acquisitions and organic growth. Key transactions include:
• 1988 – Acquisition of Barclays Bank of California, strengthening its statewide presence.
• 1996 – Purchase of First Interstate Bancorp, one of the largest bank deals at the time.
• 1998 – Merger with Norwest Corporation, retaining the Wells Fargo name.
• 2000 – Continued expansion with acquisitions such as National Bank of Alaska, First Security Corporation and Greater Bay Bancorp.
• 2008 – Acquisition of Wachovia, transforming Wells Fargo into one of the largest U.S. banks.
In recent years, Wells Fargo has focused on strengthening its corporate governance and investing in digital transformation, expanding its online and mobile banking platforms to deliver more efficient and accessible services.
Additional Information
The Company Wells Fargo & Company (United States), is listed on NYSE with a market cap of $ 264.46 Billions, having an equity of $ 183.01 Billions.
With a total of 268.531 employees, the company is listed in the sector of Financial and categorized in industry of Banks.
In the last 12 months the Company had a revenue of $ 82.79 Billions, which generated a profit in the amount of $ 21.06 Billions.
As for its main indicators, the Company has a P/E ratio of 12.56, a P/BV ratio of 1.45 and in the last 12 months the dividend yield of WFC was at 1.99%.
The Company is traded internationally through the ticker WFC.
