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. 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. In 1998, the old Wells Fargo & Company and the Minneapolis-based Norwest Corporation merged to form the current Wells Fargo.
Even while Norwest was technically still in business, the merged 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 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.
Wells Fargo's market value was $141.56 billion as of March 2023. By market cap, Wells Fargo is now the 77th most valuable firm in the world. The most recent financial reports from Wells Fargo indicate that the company's current revenue (TTM) is $73.78 billion. The corporation generated $78.02 billion in revenue in 2021, a rise from $72.34 billion in revenue in 2020.
Founded: January 24, 1929
Headquarters:
- San Francisco, California, U.S. (corporate)
- New York, NY (operational)
Website: wellsfargo.com
