Wells Fargo

Wells Fargo, a financial services giant with approximately $1.9 trillion in assets, encompasses an array of divisions including consumer and small-business banking and lending; wealth and investment management; and corporate and investment banking. As of 2020, Wells Fargo was the fourth largest U.S. bank by total assets. In recent years, the company has been marred by a variety of reputation-damaging incidents, most notably a scandal unearthed in 2016 and involving the creation of as many as 1.5 million sham bank accounts by company employees, practices from which Wells Fargo is still attempting to recover. Subsequently in 2018, the Federal Reserve imposed a $1.95 trillion asset cap on Wells Fargo, limiting the bank’s ability to grow and compete with other top banks.
F500-2020-030-Wells-Fargo
Mark Kauzlarich—Bloomberg/Getty Images

Company Information

As of 6/5/23
Country
U.S.
Headquarters
San Francisco
Industry
Commercial Banks
CEO
Charles W. Scharf
Company Type
Public
Ticker
WFC
Revenues ($M)
$82,859
Profits ($M)
$13,182
Market Value ($M)
$141,188
Employees
238,000
Market value as of March 31, 2023.

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
3.14
EPS % Change (from 2021)
-36.6%
EPS % Change (5 year annual rate)
-5.2%
EPS % Change (10 year annual rate)
-0.7%

Total Return

Total Return to Investors (2022)
-11.9%
Total Return to Investors (5 year, annualized)
-4.7%
Total Return to Investors (10 year, annualized)
4.8%

Key Financials (Last Fiscal Year)

($ Millions)
% change
Revenues ($M)
$82,407
2.6%
Profits ($M)
$21,548
552.8%
Assets ($M)
$1,948,068
-
Total Stockholder Equity ($M)
$187,606
-

Profit Ratios

Profit as % of Revenues
26.1%
Profits as % of Assets
1.1%
Profits as % of Stockholder Equity
11.5%
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