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  • Previous Rank90
  • Revenues ($M)$90,033
  • Revenue Percent Change1.9%
  • Profits ($M)$22,894
  • Profits Percent Change-0.7%
  • Assets ($M)$1,787,632
  • Employees264,700

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.

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Company Information

CEO
Timothy J. Sloan
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
San Francisco, CA
Employees264,700
Websitehttp://www.wellsfargo.com
Years on Global 500 List19

Wells Fargo Rank History

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%