Wells Fargo

An American multinational financial services firm called Wells Fargo & Company has its corporate headquarters in San Francisco, California, its operational headquarters in Manhattan, and managerial offices all over the world. Wells Fargo ranks 2nd in the list of the best investment banks based on revenue. With operations in 35 countries and more than 70 million customers worldwide, the corporation. The Financial Stability Board regards it as a systemically important financial institution.

Wells Fargo Bank, a national bank with its main headquarters in Sioux Falls, South Dakota, and a charter issued in Wilmington, Delaware, is the company's major subsidiary. According to total assets, it is the fourth-largest bank in the US. It also ranks among the top banks in terms of bank deposits and market capitalization. JPMorgan Chase, Bank of America, and Citigroup are also included. One of the "Big Four Banks" in the US is Wells Fargo. There are 13,000 ATMs and 8,050 branches. One of the most valuable bank brands is this one.

In 1998, the old Wells Fargo & Company and the Minneapolis-based Norwest Corporation merged to establish the current Wells Fargo. Even though Norwest was technically still in business, the merged company adopted the more recognizable Wells Fargo name and relocated to Wells Fargo's headquarters in San Francisco. At the same time, its banking division merged with the Sioux Falls-based banking division of Wells Fargo. With the purchase of Charlotte-based Wachovia in 2008, Wells Fargo established itself as a coast-to-coast bank.

Founders: Henry Wells, William Fargo (Wells Fargo Bank)

Headquarters: San Francisco, California, U.S.

Revenue: US$78.492 billion (2021)

Market cap: $157.63 Billion (2022)

Website: wellsfargo.com