Wells Fargo & Co.

Wells Fargo & Co.

Wells Fargo & Co.

Overview
Date Founded

1852

Headquarters

425 E Hennepin Ave, Minneapolis, MN, 55414, US

Type of Company

Public

Employees (Worldwide)

260K

Industries

Retail & Commercial Banking
Other Business & Consulting Services
Other Insurance Services
IT Consulting & Services
Management Consulting
Consumer Finance
Holding Companies
Accounting & Financial Services

Company Description

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Contact Data
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Executives & Employees

Chief Executive Officer & President

Senior Company Counsel & Assistant Secretary

Chief Financial Officer & Senior Executive Vice President

Senior Executive Vice President, Chief Operating Officer

Senior Executive Vice President, General Counsel

Chief Technology Officer

Chief Compliance Officer

Senior Executive Vice President, Chief Risk Officer

Chief Information Officer

Chief Credit Officer

Board of Directors

Former Executive Vice President & Chief Financial Officer at Bank of America Corp.

Chief Executive Officer & President at Wells Fargo & Co.

Former Chief Executive Officer at Staples, Inc.

Former Chief Executive Officer at Vulcan Materials Company

Executive Vice President at Wells Fargo Bank, National Association

Former President & Chief Executive Officer at Edison International

Former Vice Chairman-Wholesale Banking at U.S. Bancorp

Chief Executive Officer at Cambrex Corp.

President at Kilovolt Consulting, Inc.

Former Managing Partner, Strategy at PricewaterhouseCoopers LLP

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Owners & Shareholders
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Berkshire Hathaway employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, Berkshire Hathaway invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

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Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

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PRIMECAP Management aims to provide superior long-term investment results by utilizing fundamental research and bottom-up stock picking to construct portfolios. The firm looks for stocks that will outperform the market over a three to five-year horizon. PRIMECAP Management does not have a committee or small group that decides on whether or not to invest in an idea. Each portfolio manager makes an individual decision whether or not to invest in new ideas.

Recent Transactions
Details Hidden

Intertrust NV purchases Intertrust Trust Corp. Ltd. from Wells Fargo & Co.

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GPM Investments LLC, Marlaz Financial Group Ltd. purchase Empire Petroleum Partners LLC from Riveria Investment Group, PineBridge Private Equity Group, American Infrastructure Funds LLC, Sachs Capital LLC

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Apollo Global Management, Inc. /Private Equity purchases Tech Data Corp.

Transaction Clients
Escrow Agent

Advised on Bright Horizons Family Solutions, Inc. issued . USD Common Stock

Investment Advisor

Advised on Laboratory Corporation of America Holdings purchases Covance, Inc.

Investment Advisor

Advised on Umpqua Holdings Corp. purchases Humboldt Bancorp

Transaction Advisors
Auditor

Advised onWells Fargo & Co. issued USD Common Stock

Accountant

Advised onWells Fargo & Co. purchases First Security Corp. (Utah)

Legal Advisor

Advised onBesso Holdings Ltd. /Private Group purchases Besso Insurance Group Ltd. from Union Hamilton Reinsurance Ltd.

Legal Advisor

Advised onWells Fargo & Co. purchases General Electric Capital Corp /Finance Businesses (3) from General Electric Company

Chair, Finance & Restructuring Practice

Advised onSouthwire Co. LLC purchases Coleman Cable LLC

Associate/Law Clerk

Advised onAllergan Plc purchases Allergan, Inc.

Advisors & Consultants
Advisor

President & Managing Director at Morgan Stanley Investment Management, Inc.

Legal Advisor

Partner at Jones Day

Legal Advisor

Chairman at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

BFM utilizes fixed-income strategies that are actively managed, model or index based. Actively managed fixed-income mandates generally employ an active investment style that emphasizes rotation among different types of debt on a relative value basis, specific security selection, quantitative analysis of each security and the portfolio as a whole and intensive credit analysis and review. They utilize a risk-controlled, systematic process for portfolio construction and alpha generation. Alpha sources may include security selection, duration and yield curve positioning, industry rotation, asset allocation, and currency positioning. BFM's equity platform includes a broad range of products that vary according to investment style (active, scientific and passive management), market-cap (small-, mid-, small/mid-, large- and all-cap), and geography (global, international and regional). The product range may also include sector funds, long-only and long-short portfolios, as well as products that combine different strategies to create balanced and asset allocation portfolios. For cash management portfolios, the investment process emphasizes safety and liquidity over yield. Their alternative mandates focus on sourcing and managing high-alpha investments with lower correlation to public markets and developing a holistic approach to address client needs in alternatives investing.

Starwood Capital Group Management LLC operates as an investment firm. The company is headquartered in Greenwich, CT.

Sankaty Advisors, LLC, the credit affiliate of Bain Capital, LLC, is a leading private manager of fixed income and credit instruments. With approximately $18.9 billion assets under management as of 9/30/2012, Sankaty invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities.

Key Stats and Financials As of 2019
Market Capitalization
$104B
Total Enterprise Value
$577B
Earnings Per Share
$4.05
Revenue
$109B
Net Profit
$19.5B
Total Equity
$188B
TEVNet Income
29.5x
Debt TEV
0.59x
Total Debt
$338B
Enterprise Value Sales
5.27x
Three Year Compounded Annual Growth Rate Of Revenue
5.23%
Five Year Compounded Annual Growth Rate Of Revenue
4.17%
Non-Profit Donations & Grants
$1,000 - $2,499
2019
Non-Profit Donations & Grants Received
Political Donations
Investments
Details Hidden

Saga Resource Partners LLC formed to acquire the Black Warrior Basin assets of Saga Petroleum Corp. and Black Warrior Basin coal-bed methane assets. It was one of the coal-bed methane producers in the Black Warrior Basin of Alabama and has wells of over 170 billion cubic feet of natural gas. It will continue Saga's environmentally sound and operationally efficient drilling and production processes. The company was headquartered in Denver, CO.

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Apeel Technology, Inc. operates as a biotechnology company. It offers Edipeel and Invisipeel solutions. The firm specializes in sustainable technologies, crops, food, agricultural services, health, environment and organic. The company was founded by James Rogers in 2012 and is headquartered in Santa Barbara, CA.

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Greenlight Financial Technology, Inc. provides debit cards for kids, teens, and college students. Through its mobile application, its platform allows users to automate allowances, send money, and receive real-time notifications. The company was founded by Timothy P. Sheenan, Johnson Cook, and John Hagelgans in 2014 and is headquartered in Atlanta, GA.

Investors
Details Hidden

Fund Advisor at Jupiter Asset Management Ltd.

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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

Suppliers
Corporate Office Properties Trust, Inc. Trusts & Funds | Columbia, MD

Corporate Office Properties Trust, Inc. is a real estate investment trust, which acquires, develops, manages, sells, and leases out office properties and data centers. The firm operates through the following segments: Defense/Information Technology Locations, Regional Office, Wholesale Data Center, and Other. The company was founded in 1988 and is headquartered in Columbia, MD.

Radian Group, Inc. Real Estate | Philadelphia, PA

Headquartered in Philadelphia, Radian connects lenders, homebuyers, investors and loan servicers using a suite of private mortgage insurance and related risk management products and services. We help promote and preserve the tradition of homeownership while protecting lenders from default-related losses on residential first mortgages. We also facilitate the sale of low-downpayment mortgages in the secondary market. Our commitment to homeownership is built on a foundation of evaluating credit risk; we help clients and investors expertly and prudently manage risk in any market condition. Radian Group Inc. is traded on the New York Stock Exchange under the symbol RDN.

Ixia Solutions Group Internet Software & Services | Calabasas, CA

Ixia Solutions Group provides multi-port network performance analysis services. The firm's products and services include test applications, security products, visibility products, cloud, performance monitoring, test hardware, training, testing as a service and test consulting. It offers architecture, technologies and segments. The company was founded by Errol Ginsberg and Jean-Claude Asscher in May 1997 and is headquartered in Calabasas, CA.

Awards & Honors
Rank #27
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #27
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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