Wells Fargo & Company

Wells Fargo

Wells Fargo & Company (WFC), a diversified financial services group, has approximately 4,200 domestic retail branches, 11,000 ATMs, 226,000 employees and 68 million customers. It is the country’s fourth largest bank by assets and the third largest by market capitalization after JPMorgan Chase and Bank of America. The company’s operating segments are Consumer Banking & Lending, Commercial Banking, Corporate & Investment Banking and Wealth & Investment Management, which serves affluent, high-net worth and ultra-high-net worth clients. In 2021, the company sold Wells Fargo Asset Management (WFAM) and Corporate Trust Services business. WFAM had $603 billion in assets under management (AUM) in 2020. For the financial year ended December 31, 2023, Wells Fargo & Co reported total revenue of $83 billion and net income of $19.1 billion. The company’s total assets, deposits and loans were $1.92 trillion, $1.35 trillion and $910 billion, respectively, as of September 30, 2024. Wells Fargo shares are listed on the New York Stock Exchange (NYSE), with a market capitalization of $221 billion as of November 1, 2024.

Fast Facts:
Number of retail branches: 4,196
Number of ATMs: 11,000
Number of employees: 226,000
Number of customers: > 68 million
(Figures as of October 2024)

Credit Ratings (Long-term Issuer):
Wells Fargo & Co
Fitch: A+
Moody's: A1
Standard & Poor's: BBB+
Outlook: Stable

Wells Fargo Bank, NA
Fitch: AA-
Moody's: Aa2
S&P Global: A+
Ratings as of November 2024

Headquarters address:
420 Montgomery Street
San Francisco, CA 94104
United States
Phone number: 866 878 5865
Website: www.wellsfargo.com