Wells Fargo is the third-largest bank in the U.S. by assets, with $1.79 trillion as of February. It serves one in three U.S. households and more than 10% of small businesses in the country. Its stock surged more than 61% in 2021, as Wells Fargo produced a massive $21.5 billion in earnings—fueled in part by a post-pandemic resurgence in lending. But the financial giant continues to labor under a balance-sheet cap imposed by the Federal Reserve after its 2016 fake-accounts scandal. Other legal problems have bubbled up in 2022: In March, Wells Fargo was sued in California for alleged discrimination against Black mortgage borrowers. (The bank has denied that it discriminates in its lending.)
David Paul Morris—Bloomberg via Getty Images
Company Information
As of 8/3/2022
Country
U.S.
Headquarters
San Francisco
Industry
Banks: Commercial and Savings
CEO
Charles W. Scharf
Website
Company Type
Public
Ticker
WFC
Revenues ($M)
$82,407
Profits ($M)
$21,548
Market Value ($M)
$162,606
Employees
247,848
Market value as of July 19, 2022.
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)
$187,606
-
Profit Ratios
Profit as % of Revenues
26.1%
Profits as % of Assets
1.1%
Profits as % of Stockholder Equity
11.5%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
495
EPS % Change (from 2020)
1107.3%
EPS % Change (5 year annual rate)
4.4%
EPS % Change (10 year annual rate)
5.8%
Total Return
Total Return to Investors (2021)
61.2%
Total Return to Investors (5 year, annualized)
0.2%
Total Return to Investors (10 year, annualized)
8.8%
Wells Fargo Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $80,303-22.7% | $3,301-83.1% | $1,955,163 | $184,887 |
| 2020 | $103,9152.8% | $19,549-12.7% | $1,927,555 | $187,146 |
| 2019 | $101,0603.4% | $22,3930.9% | $1,895,883 | $196,166 |
| 2018 | $97,7413.8% | $22,1831.1% | $1,951,757 | $206,936 |
| 2017 | $94,1764.6% | $21,938-4.2% | $1,930,115 | $199,581 |
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Lists ranking Wells Fargo
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