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Wells Fargo


2017 was a relatively scandal-light year for banks that have been under heavy scrutiny since the financial crisis. Even better news for the banks: stock prices soared, interest rates rose, and a new administration looked favorably upon lighter regulations. Things were looking up for the Wall Street giants. But not so much for the “golden child” of the financial crisis, Wells Fargo. While the consumer banking titan emerged from 2008 relatively unscathed, new CEO Tim Sloan spent 2017 issuing apology after apology. After losing consumer confidence for creating 2.1 million fake accounts a year earlier, Wells Fargo admitted in 2017 that an additional 1.7 million fake accounts had been made. The bank also admitted that it had charged as many as 570,000 consumers for unneeded auto insurance. And, further tarnishing its “golden child” moniker, Wells Fargo revealed a $1 billion charge for previously disclosed regulatory investigations into its pre-crisis mortgage activities. Still, those scandals may not be immediately obvious from its revenue, which grew a steady 1.2% in 2017. Where it does rear its head: The company’s stock price, which underperformed peers in 2017 as investors saw the bank’s regulatory headaches and reputational woes dampening its financial performance during the year–and potentially into future quarters.

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Timothy J. Sloan

CEO Title

President, Chief Executive Officer & Director




Commercial Banks

HQ Location

San Francisco

Years on Fortune 500 List




Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$97,7413.8%
Profits ($M)$22,183.01.1%
Assets ($M)$1,951,757
Total Stockholder Equity ($M)$206,936
Market Value — as of March 29, 2018 ($M)$255,556
Profit Ratios
Profit as % of Revenues22.7%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity10.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)4.10
EPS % Change (from 2016)2.8%
EPS % Change (5 year annual rate)4.1%
EPS % Change (10 year annual rate)5.6%
Total Return
Total Return to Investors (2017)13.2%
Total Return to Investors (5 year, annualized)15.3%
Total Return to Investors (10 year, annualized)10.2%
()0.00 0.00 (0)
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