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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

Here's How Much Wells Fargo's Fake Accounts Scandal Is Hurting the Bank

It will close more than 400 branches, and that's not the end of it.

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Davos Is Forcing Big Bank CEOs to Choose Earnings Over Skiing

One bank chief is skipping the World Economic Forum all together.

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Wells Fargo Plans to Make All Its ATMs Card-Free

The bank is making big changes as it seeks to improve an image bruised by scandal.

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Wells Fargo Hopes to Subdue Scandal With a New Compensation Plan

The bank has been mired in controversy caused by aggressive sales targets set for branch managers.

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Videos about Wells Fargo

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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Wells Fargo CEO John Stumpf Steps Down

He'll be replaced by COO Tim Sloan

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More Bad News for Wells Fargo

The company can’t shake the phony accounts scandal

Read More →