Wells Fargo & Co


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Wells Fargo & Co Split For WFCO34.SA - Ratio 4-1

Latest Developments


Wells Fargo Fires More Than 100 Workers Over Relief Fund Abuse - Bloomberg News

Wells Fargo Reports Q3 2020 Net Income Of $2.0 Billion, Or $0.42 Per Share

Wells Fargo Launches New Low-Cost Account With No Overdraft Fees


About Wells Fargo & Co

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.


Regional Banks

Contact Info

420 Montgomery St



United States


Executive Leadership

Charles H. Noski

Independent Chairman of the Board

Charles W. Scharf

President, Chief Executive Officer, Director

William M. Daley

Vice Chairman of the Board - Public Affairs

John R. Shrewsberry

Chief Financial Officer, Senior Executive Vice President

Scott E. Powell

Chief Operating Officer, Senior Executive Vice President

Key Stats

2.82 mean rating - 28 analysts
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Latest News

Latest News

EXCLUSIVE-Wells Fargo explores sale of asset management business-sources

Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.

FOCUS-U.S. banks sweat regulatory exposure from pandemic loans

Banks that facilitated the U.S. government's Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic.

UPDATE 1-Wells Fargo fires over 100 employees for COVID-19 relief fund misuse- source

Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar with the matter.

Wells Fargo fires more than 100 workers over relief fund abuse- Bloomberg News

Wells Fargo & Co has fired more than 100 employees for unethically getting coronavirus relief funds, Bloomberg News reported on Wednesday, citing a...

UPDATE 5-High costs haunt Wells Fargo results years after scandal

Wells Fargo & Co's profit plunged 57% in the third quarter, missing Wall Street's expectations as persistent costs tied to its years-old sales practices scandal continued to haunt the bank.

Wells Fargo profit falls as pandemic hits growth

Wells Fargo & Co reported a 57% drop in third-quarter profit on Wednesday as the bank's loan book shrank and near-zero interest rates and higher costs hurt its bottom line.

UPDATE 1-Wells Fargo cuts more jobs as part of earlier cost-cutting drive

Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.

Wells Fargo cuts 700 commercial banking jobs- Bloomberg News

Wells Fargo & Co has cut 700 commercial banking jobs as part of workforce reductions that could ultimately impact "tens of thousands" of staff, Bloomberg News reported on Wednesday citing people with knowledge of the matter.

Wells Fargo signs data exchange agreement with Envestnet Yodlee

Wells Fargo & Co and data aggregator Envestnet Yodlee said on Thursday they had signed a data exchange agreement, the latest move in an ongoing tug of war between fintechs and large banks over information sharing.

UPDATE 4-Wells Fargo CEO sorry for 'insensitive comment' on diversity

Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups.

Wells Fargo CEO apologizes for remark about diverse talent

Wells Fargo & Co Chief Executive Officer Charles Scharf apologized on Wednesday for "making an insensitive comment reflecting my own unconscious bias", a day after Reuters reported he had exasperated Black employees by saying the bank had trouble with diversity goals due...

EXCLUSIVE-Wells Fargo CEO ruffles feathers with comments about diverse talent

Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.

UPDATE 2-U.S. bank regulator fines three former Wells Fargo executives over sales scandal

A U.S. bank regulator announced Monday it had fined three former executives at Wells Fargo Bank for their roles in the company's sales practices scandal.

Buffett's Berkshire slashes Wells Fargo stake

Warren Buffett's Berkshire Hathaway Inc said on Friday it had cut its Wells Fargo & Co stake to 3.3%, further reducing what had once been a $32 billion investment in the bank.

UPDATE 1-U.S. regulator sanctions Wells Fargo over variable annuity switches

Wells Fargo & Co agreed to pay $2.12 million in fines and restitution to settle U.S. regulatory charges its brokers failed to properly account for the costs of switching customers who owned variable annuities to new investments.

Wells Fargo resumes job cuts after pandemic break

Wells Fargo & Co resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic, a spokeswoman said on Friday.

Wells Fargo's chief compliance officer quits -FT

Wells Fargo & Co's compliance chief is leaving after two years of trying to turn around the scandal-plagued bank's internal oversight and risk management functions, the Financial Times reported on Thursday, citing people familiar with the decision.

UPDATE 3-Wells Fargo appoints CFO as part of leadership shakeup

Wells Fargo & Co said on Tuesday Mike Santomassimo would replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.

Wells Fargo appoints Mike Santomassimo CFO

Wells Fargo & Co said on Tuesday it has appointed Mike Santomassimo as chief financial officer to replace John Shrewsberry, who will retire after more than two decades at the bank.

UPDATE 3-Wells Fargo will cut costs further after first loss since 2008

Wells Fargo & Co will launch a broad cost-cutting initiative this year, executives said on Tuesday, as the bank braces for massive loan losses caused by the coronavirus pandemic and continues to work through expensive regulatory and operational problems tied to a long-running...

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