Wells Fargo & Co. is a nationwide, diversified, community-based financial services company. Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through its stores, ATMs, the Internet, and other distribution channels across North America and internationally. The company operates through three operating segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. The Community Banking segment offers a complete line of diversified financial products and services to consumers and small businesses. It also offers investment management and other services to retail customers and securities brokerage through affiliates. These products and services include the Wells Fargo Advantage FundsSM, a family of mutual funds. Its Loan products include lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education loans, origination and purchase of residential mortgage loans and servicing of mortgage loans and credit cards. The Wholesale Banking segment provides financial solutions to businesses across the United States. It also provides a complete line of commercial, corporate, capital markets, cash management and real estate banking products and services. These include traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online or electronic products such as the Commercial Electronic Office portal, insurance, corporate trust fiduciary and agency services, and investment banking services. The Wealth, Brokerage and Retirement segment provides a range of financial advisory services to clients using a planning approach to meet each client's needs. It also provides affluent and high net worth clients with a complete range of wealth management solutions, including financial planning, private banking, credit, investment management and trust. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.
WFC Last Price: 45.00
Last Updated: December 21, 2013 6:30 PM EST
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Wells Fargo & Co. WFC Officers and Executives
Name Age Officer Since Title
Mr. John G. Stumpf 59 2002 Chairman, President & Chief Executive Officer
Mr. Kevin A. Rhein 59 2009 Chief Information Officer, SEVP & Head-Technology
Ms. Patricia R. Callahan 59 1993 Chief Administrative Officer & Senior Executive VP
Mr. Michael J. Heid 55 1988 Executive Vice President
Wells Fargo & Co.
420 Montgomery Street
San Francisco, California 94104
Phone
1 8662493302
Industry
Banks
Sector
Financials
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$88.21B
Net Income
$18.90B
2012 Sales Growth
5.3%
Employees
269,200
Annual Report Below for WFC
Wells Fargo & Co. WFC Recent Headlines
MarketWatch News on WFC
Money and race: Ally deal fuels old debate 2:02 p.m. Dec. 20, 2013 - David Weidner
S&P 500 extends the breakout, rises to all-time highs 11:19 a.m. Dec. 20, 2013 - Michael Ashbaugh
Religious shareholders push big banks to repent better of sins 9:38 a.m. Dec. 19, 2013 - blogs.marketwatch.com
Are banks dead? Investing in the new financials 6:05 a.m. Dec. 16, 2013 - Jeff Reeves
A lawsuit from Steve Cohen's ex meanders through courts 10:35 a.m. Dec. 13, 2013 - blogs.marketwatch.com
Avoid the bitcoin propaganda from the Fed 12:54 p.m. Dec. 12, 2013 - blogs.marketwatch.com
J.P. Morgan involved in Madoff criminal case, Wells Fargo expands and other morning reads 10:14 a.m. Dec. 12, 2013 - blogs.marketwatch.com
5 Warren Buffett stocks dumb money should avoid 10:54 a.m. Dec. 11, 2013 - The Trading Deck
Volcker rule called 'reasonable,' but details will prove devilish, analysts say 2:24 p.m. Dec. 10, 2013 - blogs.marketwatch.com
Lloyd Blankfein's Miami digs; the SEC member who hates the J.P. Morgan settlement 1:50 p.m. Dec. 10, 2013 - blogs.marketwatch.com
America forgives big banks for financial crisis 11:28 a.m. Dec. 10, 2013 - Catey Hill
The government's 'fact sheet' on the Volcker Rule 9:50 a.m. Dec. 10, 2013 - blogs.marketwatch.com
Wells Fargo's Stumpf says bank is testing a Lilliputian option for branches 9:25 a.m. Dec. 10, 2013 - blogs.marketwatch.com
3 reasons why the Volcker Rule can’t fix Wall Street 5:13 p.m. Dec. 9, 2013 - David Weidner
Safe and steady ETFs for the new year 12:03 p.m. Dec. 9, 2013 - Jim Lowell
Value investing for retirement portfolios 6:01 a.m. Dec. 7, 2013 - Robert Powell
Sen. Warren asks Jamie Dimon, Lloyd Blankfein and other bank chiefs for think-tank disclosures 12:15 p.m. Dec. 4, 2013 - blogs.marketwatch.com
Women and financial advisers: a rocky relationship 6:00 a.m. Nov. 29, 2013 - Kerry Hannon
More work needed to prevent 'too big to fail': Treasury official 1:43 p.m. Nov. 21, 2013 - blogs.marketwatch.com
What J.P. Morgan's $13 bln settlement means for neighborhoods, struggling homeowners 12:53 p.m. Nov. 21, 2013 - blogs.marketwatch.com
Ocwen Settles Mortgage Abuse Case - Analyst Blog 4:40 p.m. Dec. 20, 2013 - Zacks.com
The Milken Rule And Wide/Sustainable Moats 12:08 p.m. Dec. 20, 2013 - Seeking Alpha
Today's Market: Banking Stocks To Buy For 2014 11:13 a.m. Dec. 20, 2013 - Seeking Alpha
Poised to Clamber Higher in 2014 8:00 a.m. Dec. 20, 2013 - RealMoney.com
Buffett’s 5 Favorite Dividend Stocks for 2014 6:55 a.m. Dec. 20, 2013 - Wall St. Cheat Sheet
Cooperman Is Right About Citigroup 5:11 p.m. Dec. 19, 2013 - GuruFocus.com
Wells' 2014 Pay Plan: Advisers Now Face Three Hurdles 3:52 p.m. Dec. 19, 2013 - WSJ.com
Broker Default Risk Hits Another Post-Crisis Low 3:12 p.m. Dec. 19, 2013 - Seeking Alpha
Wells reportedly increasing brokers' 2014 bonus caps 3:04 p.m. Dec. 19, 2013 - Seeking Alpha
Regions Financial: Double-Digit Upside As Southern Recovery Continues 11:30 a.m. Dec. 19, 2013 - Seeking Alpha
Fed Policy Creates Wall Street Shenanigans 6:00 a.m. Dec. 19, 2013 - TheStreet.com
Can JPMorgan Chase Surge Higher? 6:17 p.m. Dec. 18, 2013 - Wall St. Cheat Sheet
S&P Stocks Hitting New Highs 4:33 p.m. Dec. 18, 2013 - FOXBusiness
2014 Defensive Growth Companies 4:28 p.m. Dec. 18, 2013 - Seeking Alpha
Dogs Of The Buffett 10:54 a.m. Dec. 18, 2013 - Seeking Alpha
Managers Bet on U.S. as Mom & Pop Go Overseas 10:15 a.m. Dec. 18, 2013 - WSJ.com
Stock Market News for December 18, 2013 - Market News 10:06 a.m. Dec. 18, 2013 - Zacks.com
Invest in Dividend Stocks, Not Detroit Real Estate 9:14 a.m. Dec. 18, 2013 - TheStreet.com
Jim Cramer's 'Mad Money' Recap: Forget the Fed 8:02 p.m. Dec. 17, 2013 - TheStreet.com
J.P. Morgan May Lag Other Banks in Share Buybacks 1:18 p.m. Dec. 17, 2013 - WSJ.com
Press Releases on WFC
Walker & Dunlop Closes on a $175 Million Senior Secured Term Loan 4:15 p.m. Dec. 20, 2013 - PR Newswire
Wells Fargo UrbanLIFT(SM) Community Grant Program Awards $11.4 Million to Strengthen Distressed Neighborhoods in 25 Cities 9:00 a.m. Dec. 20, 2013 - BusinessWire
Americans Get Their Financial Houses in Order for 2014 According to a New Wells Fargo Survey 8:00 a.m. Dec. 20, 2013 - BusinessWire
United Rentals Announces Redemption of 10(1)/4% Senior Notes Due 2019 5:59 p.m. Dec. 19, 2013 - BusinessWire
Fitch Affirms Trinity Terrace (TX) Series 2011 Bonds at 'BBB+'; Outlook Stable 4:27 p.m. Dec. 19, 2013 - BusinessWire
Wells Fargo Partners with Make-A-Wish(R) Greater Los Angeles Helping Wishes and Dreams Come True at the 125th Rose Parade(R) and 100th Rose Bowl Game(R) 11:00 a.m. Dec. 19, 2013 - BusinessWire
LIFT Programs Help 5,000 People Achieve Dream of Homeownership 8:00 a.m. Dec. 19, 2013 - BusinessWire
Holiday Donations, New Branches, Financial Results Schedules, Stock Price Updates, and Quarterly Cash Dividends - Research Report on Wells Fargo, PNC, KeyCorp, First Republic Bank, and Credit Suisse 8:00 a.m. Dec. 19, 2013 - PR Newswire
Ares Capital Corporation Closes Public Offering of Common Stock 4:10 p.m. Dec. 18, 2013 - BusinessWire
FHLBank San Francisco Joins in Grand Opening Ceremony for Phoenix Mixed-Use Development Creating 63 Affordable Homes 1:52 p.m. Dec. 18, 2013 - PR Newswire
TowerJazz Announces the Signature of a Definitive Agreement for a $70 Million Credit Line with Wells Fargo Capital Finance through December 2018 at a Reduced Interest Rate 3:40 a.m. Dec. 18, 2013 - BusinessWire
Capsilon Announces New Network Delivery Capability to Leading GSEs and Financial Institutions for Mortgage Lenders and Investors 9:00 a.m. Dec. 17, 2013 - BusinessWire
Wells Fargo Shareowner Services Ranks No. 1 in Customer Service, Wins 2013 TALON Award 9:07 a.m. Dec. 16, 2013 - BusinessWire
Wells Fargo and Military Warriors Support Foundation say Happy Holidays to Military Veterans with Home Donations at College Bowl Games 9:07 a.m. Dec. 16, 2013 - BusinessWire
CCRE Opens San Francisco Office, Expanding West Coast Presence 9:00 a.m. Dec. 16, 2013 - PR Newswire
Judge Approves $7.25 Billion Settlement with Visa, MasterCard and Major U.S. Banks for Alleged Anticompetitive Practices and Price Fixing In Setting Interchange Fees 6:32 p.m. Dec. 13, 2013 - PR Newswire
Fitch to Upgrade SC Jobs EDA, Rev Rfdg Bonds, Series 2009A and 2009D to 'AA-/F1+' 4:33 p.m. Dec. 12, 2013 - BusinessWire
Wells Fargo Launches Agreement With Isis 3:55 p.m. Dec. 12, 2013 - BusinessWire
Scott MacKenzie Changes Financial Practice Name to PFW Advisors 11:12 a.m. Dec. 12, 2013 - BusinessWire
Wells Fargo Commits $100,000 in Funds for Micro Grant Program to Strengthen Small Hispanic Businesses 4:32 p.m. Dec. 11, 2013 - GlobeNewswire
Valuation
P/E Current
13.40
P/E Ratio (with extraordinary items)
11.89
P/E Ratio (without extraordinary items)
10.17
Price to Sales Ratio
2.05
Price to Book Ratio
1.24
Price to Cash Flow Ratio
3.12
Enterprise Value to EBITDA
12.25
Enterprise Value to Sales
4.39
Total Debt to Enterprise Value
0.51
Efficiency
Revenue/Employee
0.33
Income Per Employee
0.07
Total Asset Turnover
0.06
Profitability
Operating Margin
32.74
Pretax Margin
32.28
Net Margin
21.42
Return on Assets
1.36
Return on Equity
12.69
Return on Total Capital
5.75
Return on Invested Capital
7.33
Capital Structure
Total Debt to Total Equity
127.57
Total Debt to Total Capital
53.95
Total Debt to Total Assets
12.80
Long-Term Debt to Equity
77.01
Long-Term Debt to Total Capital
32.57
Wells Fargo & Co. WFC Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Interest Income 34.9B 56.27B 52.8B 49.41B 48.39B
Interest and Fees on Loans 27.63B 41.59B 39.76B 37.25B 36.48B
Interest Income on Fed. Funds 0 0 0 0 0
Interest Income on Fed. Repos 0 0 0 0 0
Interest on Bank Deposits 0 0 0 0 0
Other Interest or Dividend Income 7.27B 14.69B 13.04B 12.17B 11.91B
Total Interest Expense 9.76B 9.95B 8.04B 6.65B 5.16B
Interest Expense on Bank Deposits 4.52B 3.77B 2.83B 2.28B 1.73B
Other Interest Expense 5.23B 6.18B 5.21B 4.37B 3.43B
Interest Expense on Debt 3.76B 5.95B 5.12B 4.29B 3.36B
Interest Capitalized 0 0 0 0 0
Other Borrowed Funds 1.48B 222M 92M 80M 79M
2008 2009 2010 2011 2012 5-year trend
Net Interest Income 25.14B 46.32B 44.76B 42.76B 43.23B
Loan Loss Provision 15.98B 21.67B 15.75B 7.9B 7.22B
Net Interest Income after Provision 9.16B 24.66B 29B 34.86B 36.01B
Non-Interest Income 20.39B 36.52B 37.53B 34.36B 39.82B
Securities Gain 3.15B 1.15B 1.4B 2.25B 1.77B
Trading Account Income 275M (500M) (1.88B) (4.26B) (6.3B)
Trust Income, Commissions & Fees 14.4B 26.91B 28.09B 27.57B 27.92B
Commission & Fee Income 12.24B 23.32B 24.05B 23.48B 23.7B
Other Operating Income 2.57B 8.96B 9.93B 8.8B 16.43B
Non-Interest Expense 23.32B 41.17B 44.58B 43.14B 46.95B
Labor & Related Expense 12.94B 26.47B 28.3B 28.76B 28.8B
Equipment Expense 3.69B 7.03B 6.97B 6.49B 6.03B
Other Operating Expense 5.12B 16.99B 11.9B 11.29B 14.51B
Operating Income 6.23B 20.01B 21.96B 26.08B 28.88B
Non-Operating Income (Expense) 22M (22M) (115M) (17M) 7M
Non-Operating Interest Income - - - - -
Miscellaneous Non Operating Expense 22M (22M) (115M) (17M) 7M
Equity in Affiliates (Pretax) 0 0 0 0 0
Unusual Expense 3B 1.99B 2.84B 2.41B 416M
Pretax Income 3.26B 18B 19B 23.66B 28.47B
Income Taxes 602M 5.33B 6.34B 7.45B 9.1B
Income Tax - Current - Domestic 2.21B (4.29B) 1.97B 3.82B 10.34B
Income Tax - Current - Foreign 30M 164M 78M 52M 61M
Income Tax - Deferred - Domestic (1.64B) 9.45B 4.27B 3.56B (1.32B)
Income Tax - Deferred - Foreign - - 16M 14M 20M
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 0 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income 2.66B 12.67B 12.66B 16.21B 19.37B
Minority Interest Expense 0 392M 301M 342M 471M
Net Income 2.66B 12.28B 12.36B 15.87B 18.9B
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries 2.66B 12.28B 12.36B 15.87B 18.9B
Preferred Dividends 286M 4.29B 730M 844M 898M
Net Income Available to Common 2.37B 7.99B 11.63B 15.03B 18B
EPS (Basic) 0.70 1.76 2.23 2.85 3.40
Basic Shares Outstanding 3.38B 4.55B 5.23B 5.28B 5.29B
EPS (Diluted) 0.70 1.75 2.21 2.82 3.36
Diluted Shares Outstanding 3.39B 4.56B 5.26B 5.32B 5.35B
Wells Fargo & Co. WFC Filings
SEC Filings for Wells Fargo & Co.
Filing Date Document Date Type Category Amended
12/20/2013 N/A SC 13G/A Institutional Ownership *
12/19/2013 N/A SC 13D N/A
12/19/2013 N/A SC 13D N/A
12/19/2013 N/A SC 13D N/A
12/18/2013 12/17/2013 8-K Special Events
12/17/2013 N/A S-8 Registration Statement
12/13/2013 12/13/2013 8-K Special Events
12/11/2013 12/11/2013 8-K Special Events
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/10/2013 N/A SC 13G/A Institutional Ownership *
12/06/2013 12/06/2013 8-K Special Events
11/29/2013 11/29/2013 8-K Special Events
11/27/2013 11/27/2013 8-K Special Events
SEC Filings provided by EDGAR Online, Inc.
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