Wells Fargo
Wells Fargo & Company is an American multinational financial services firm with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices around the world.
The corporation has operations in 35 countries and more than 70 million customers worldwide. It is regarded as a systemically important financial institution by the Financial Stability Board. The former Wells Fargo & Company and the Minneapolis-based Norwest Corporation merged in 1998 to form the current Wells Fargo.
Even while Norwest was technically still in business, the amalgamated company used the more recognizable Wells Fargo moniker and relocated to Wells Fargo's headquarters in San Francisco. At the same time, its banking division merged with Wells Fargo's banking division in Sioux Falls. Wells Fargo established itself as a coast-to-coast bank after purchasing Charlotte-based Wachovia in 2008.
As of March 2023, the market value of Wells Fargo was $141.56 billion. Wells Fargo is now the world's 77th most valuable company by market capitalization. According to Wells Fargo's most recent financial reports, the company's current revenue (TTM) is $73.78 billion. In 2021, the corporation generated $78.02 billion in revenue, up from $72.34 billion in 2020.
Founded: January 24, 1929
Headquarters:
- San Francisco, California, U.S. (corporate)
- New York, NY (operational)
Size: 10000+ Employees
Industry: Banking & Lending
Website: wellsfargo.com
