Wells Fargo & Co (N:WFC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 420 Montgomery St SAN FRANCISCO CA 94104 |
| Tel: | N/A |
| Website: | https://www.wellsfargo.com |
| IR: | See website |
| Key People | ||
| Charles W. Scharf President, Chief Executive Officer, Director | Kyle G. Hranicky Senior Executive Vice President, Chief Executive Officer of Commercial Banking | Michael P. Santomassimo Chief Financial Officer, Senior Executive Vice President |
| William M. Daley Vice Chairman and a member of the Executive Committee at Bank of New York Mellon | Saul Van Beurden Chief Executive Officer - Consumer & Small Business Banking | Scott E. Powell Chief Operating Officer, Senior Executive Vice President |
| Muneera S. Carr Executive Vice President, Chief Accounting Officer, Controller | Derek A. Flowers Senior Executive Vice President, Chief Risk Officer | Ellen R. Patterson Senior Executive Vice President, General Counsel | Kristy Williams Fercho Senior Executive Vice President and Head of Diverse Segments, Representation and Inclusion |
| Business Overview |
| Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet (www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. |
| Financial Overview |
| For the three months ended 31 March 2024, Wells Fargo & Co interest income increased 18% to $22.84B. Net interest income after loan loss provision decreased 7% to $11.29B. Net income applicable to common stockholders decreased 8% to $4.31B. Net interest income after loan loss provision reflects Consumer Banking and Lending segment decrease from $6.57B to $0K, Net Interest Margin, Total -% decrease of 12% to 2.81%, Net Interest Spread. |
| Employees: | 226,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $470,896M as of Mar 31, 2024 |
| Annual revenue (TTM): | $88,602M as of Mar 31, 2024 |
| EBITDA (TTM): | $34,797M as of Mar 31, 2024 |
| Net annual income (TTM): | $17,582M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $246,598M as of Mar 31, 2024 |
| Shares outstanding: | 3,501,678,595 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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