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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

Wells Fargo is also featured in these fortune lists
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

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Videos about Wells Fargo

How Wells Fargo’s CEO Is Going to Save the Bank

Tim Sloan replaced John Stumpf in October 2016.

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Wells Fargo Still Plagued By Scandals

CEO Tim Sloan says the bank is “fixing problems.”

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We're talking Linda McMahon, gender parity, and new pushes for diversity reports from activist investors. Tune in!

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