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  • Rank90
  • Previous Rank89
  • CEO
    John G. Stumpf
  • Address
    420 Montgomery St., San Francisco, CA 94163
  • Websitehttp://www.wellsfargo.com
  • Industry
    Commercial Banks

Wells Fargo is the most focused on main street—traditional lending—of the nation’s largest banks. And that has been a boon lately. Increased regulation since the financial crisis has made investment banking less profitable, and a drag on other banks. As a result, Wells Fargo in recent years has been consistently more profitable than nearly all of its rivals. And it’s done so while being less complicated than other banks, which has drawn investors, like Warren Buffett. It’s large mortgage operation also benefited from the refi-boom that followed the financial crisis. But with interest rates likely on the rise, that mortgage boom seems to be coming to an end.

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Company Information

CEO
John G. Stumpf
Industry
Commercial Banks
Sector
Financials
HQ Location
San Francisco, CA
Websitehttp://www.wellsfargo.com
Years on List18

Key Financials (last fiscal year)

($ Millions)% change
Revenues88,3720.3%
Profits23,0575.4%
Assets1,687,155-
Employees264,500-

Profits as a % of

Profit as % of Revenues26.1%
Profits as % of Assets1.4%
Profits as % of Stockholder Equity12.5%