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Global 500

Spencer Platt — Getty Images

67

Wells Fargo

WFC

U.S.

2016 has not been kind to the nation’s largest banks, and Wells Fargo is no exception. Its recent performance was weighed down by troubles in the energy sector, as the bank has billions of outstanding loans out to oil and gas companies that are struggling to repay. It’s wealth management division will also now have to contend with the much-feared fiduciary rule, which will upend the way banks like Wells Fargo dispense financial advice. That said, the long term outlook for the bank is strong, as it surpassed Citigroup this year to become the third largest bank in America by assets, while it is nearly unrivaled in its focus on its main street customers who give the bank more than a trillion dollars in low cost deposits.

CEO

Timothy J. Sloan

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

San Francisco, CA

Employees

264,700

Years on Global 500 List

19

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$90,0331.9%
Profits ($M)$22,894-0.7%
Assets ($M)$1,787,632
Total Stockholder Equity ($M)$192,998
Profit Ratios
Profit as % of Revenues25.4%
Profits as % of Assets1.3%
Profits as % of Stockholder Equity11.9%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Wells Fargo

raceAhead: How To Celebrate Spirit Day

The celebration, created in 2010 by a teenager, highlights the serious issue of bullying and its disproportionate impact on LGBTQ youth.

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This Tech Company Is Trying To Make Mortgages More Accessible

Data over documents could be the key to making mortgages accessible to the masses.

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Videos about Wells Fargo

CEO Tim Sloan’s Plan to Save Wells Fargo’s Reputation

His first decision was to get rid of the sales incentive plan that led to millions of fake accounts.

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Wells Fargo CEO: ‘We Need to Massage the Bank’s Culture’

Tim Sloan sits with Susie Gharib to discuss the bank’s reputation.

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Brainstorm Tech: Big Banking

Wells Fargo CEO Tim Sloan talks about innovation and recovering from tough times.

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