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Global 500

Spencer Platt — Getty Images

67

Wells Fargo

WFC

U.S.

2016 has not been kind to the nation’s largest banks, and Wells Fargo is no exception. Its recent performance was weighed down by troubles in the energy sector, as the bank has billions of outstanding loans out to oil and gas companies that are struggling to repay. It’s wealth management division will also now have to contend with the much-feared fiduciary rule, which will upend the way banks like Wells Fargo dispense financial advice. That said, the long term outlook for the bank is strong, as it surpassed Citigroup this year to become the third largest bank in America by assets, while it is nearly unrivaled in its focus on its main street customers who give the bank more than a trillion dollars in low cost deposits.

CEO

Timothy J. Sloan

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

San Francisco, CA

Employees

264,700

Years on Global 500 List

19

Wells Fargo is also featured in these fortune lists
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$90,0331.9%
Profits ($M)$22,894-0.7%
Assets ($M)$1,787,632
Total Stockholder Equity ($M)$192,998
Profit Ratios
Profit as % of Revenues25.4%
Profits as % of Assets1.3%
Profits as % of Stockholder Equity11.9%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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  • Dividend Yield: n/a

News about Wells Fargo

Goldman Sachs Wants to Know if You Are Gay

If you want to work on Wall Street, that is.

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What to Expect From Wells Fargo's Shareholder Showdown on Tuesday

A dozen of the 15 directors on the ballot face negative recommendations from a proxy adviser.

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Wells Fargo Adding $32 Million to Its Fake Accounts Class Action Settlement

The bank has also launched internal probes, fired over 5,000 employees, and apologized to customers.

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Even the Watchdog Overseeing Wells Fargo Blew It

Bank examiners "failed to follow-up on significant complaint management and sales practices issues."

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Videos about Wells Fargo

Wells Fargo Still Plagued By Scandals

CEO Tim Sloan says the bank is “fixing problems.”

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Broad Strokes for December 9, 2016: It's a Trump Cabinet Smack Down!

We're talking Linda McMahon, gender parity, and new pushes for diversity reports from activist investors. Tune in!

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