Profile: Wells Fargo & Co (WFC)
8 Dec 2016
Wells Fargo & Company, incorporated on January 24, 1929, is a bank holding company. The Company is a diversified financial services company. The Company has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance through banking stores, the Internet and other distribution channels to consumers, businesses and institutions in approximately 50 states, the District of Columbia, and in foreign countries. The Company operates through over 8,700 locations and approximately 13,000 automated teller machines (ATMs). The Company's net loans include approximately $905,014 million. Its total deposits include approximately $1.2 billion. The Company's total investment securities include approximately $347.56 million.
The Company's Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its products also include investment, insurance and trust services in approximately 40 states and District of Columbia, and mortgage and home equity loans in all 50 states and District of Columbia through its Regional Banking and Wells Fargo Home Lending business units. The Community Banking segment also includes the results of its Corporate Treasury activities net of allocations in support of the other operating segments and results of investments in its affiliated venture capital partnerships.
The Company's Wholesale Banking segment provides financial solutions to businesses across the United States and around the word. Its products and businesses include Business Banking, Middle Market Commercial Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Treasury Management, Wells Fargo Capital Finance, Insurance, International, Real Estate Capital Markets, Commercial Mortgage Servicing, Corporate Trust, Equipment Finance, Wells Fargo Securities, Principal Investments, and Asset Backed Finance.
Wealth and Investment Management
The Company's Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses, including Wells Fargo Advisors, The Private Bank, Abbot Downing, Wells Fargo Institutional Retirement and Trust, and Wells Fargo Asset Management. The Company delivers financial planning, private banking, credit, investment management and fiduciary services to high-net worth and ultra-high-net worth individuals and families. It also serves clients' brokerage needs, supply retirement and trust services to institutional clients and provides investment management capabilities to global institutional clients through separate accounts and the Wells Fargo Funds.
Wells Fargo & Co
420 Montgomery St
SAN FRANCISCO CA 94104-1207
Company Web Links
- Wells Fargo picks four directors for sales scandal probe: source
- Exclusive: U.S. regulator set to fail Wells Fargo on community lending test - sources
- Wells Fargo expects short term profit hit from interest rates rise: CEO
- Buffett's Berkshire could get $29 billion Trump tax boost: analyst
- Wells Fargo offers to meet with Standing Rock Sioux before year-end