All Brands Owned by Wells Fargo & Company
Wells Fargo & Company owns 0 brands in our database. Browse the complete portfolio of Wells Fargo & Company subsidiaries and brands across various industries.
Company Type
public
Headquarters
San Francisco, California, USA
Brand Portfolio
0 brands
Stock
NYSE: WFC
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About Wells Fargo & Company
What does Wells Fargo do?
Wells Fargo provides retail banking (checking, savings, mortgages, credit cards), commercial banking (business loans, treasury management), corporate and investment banking, and wealth management services. The company operates approximately 4,500 retail branches across the United States and serves tens of millions of consumer and business customers.
Is Wells Fargo publicly traded?
Yes, Wells Fargo & Company trades on the New York Stock Exchange under ticker symbol WFC. The company has no controlling shareholder, with ownership distributed among institutional investors. Berkshire Hathaway was historically a major shareholder but has significantly reduced its position.
What is Wells Fargo's annual revenue?
In FY2024, Wells Fargo reported net interest income of approximately $47.7 billion and net income of approximately $19.7 billion. Total revenue (net interest income plus non-interest income) was approximately $77-78 billion.
Who founded Wells Fargo?
Wells Fargo was founded on March 18, 1852, by Henry Wells and William G. Fargo in New York City. Both founders had previously co-founded American Express in 1850. The company was established to provide banking and express delivery services to California during the Gold Rush.
What was the Wells Fargo fake accounts scandal?
In September 2016, Wells Fargo was fined $185 million for creating approximately 2 million unauthorized bank and credit card accounts in customers' names without their knowledge. The scandal resulted in CEO John Stumpf's resignation, a $3 billion DOJ/SEC settlement in 2020, and the Federal Reserve imposing an asset cap that limits Wells Fargo's total assets to approximately $1.95 trillion.
What is the Wells Fargo asset cap?
In February 2018, the Federal Reserve imposed an asset cap on Wells Fargo limiting its total assets to approximately $1.95 trillion as a consequence of the fake accounts scandal. The cap has been in place for more than six years and constrains Wells Fargo's ability to grow its balance sheet. The cap will remain until the Fed is satisfied that Wells Fargo has sufficiently improved its risk management and governance.
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Competitors to Wells Fargo & Company
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Wells Fargo & Company Brand Portfolio Overview
Wells Fargo & Company maintains a diverse portfolio of 0 brands across multiple industries. This comprehensive brand portfolio demonstrates the company's market presence and strategic business units.
For consumers and researchers interested in corporate ownership structures, understanding which brands are owned by Wells Fargo & Companyprovides valuable insights into market dynamics, product relationships, and corporate strategy.
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