Wells Fargo & Co.

Wells Fargo & Co.

Wells Fargo & Co.

Overview
Date Founded

1852

Headquarters

420 Montgomery Street,San Francisco, CA 94104

Type of Company

Public

Employees (Worldwide)

263K

Industries

Retail & Commercial Banking
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. The 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.

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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, General Counsel

Secretary & Deputy General Counsel

Chief Compliance Officer

Senior Executive Vice President & Chief Risk Officer

Chief Information Officer

Chief Accounting Officer, Executive Vice President & Controller

Regional President, Greater Philadelphia & Delaware

Board of Directors

Head, Stakeholder Advisory Council at Wells Fargo & Co.

Former Chief Executive Officer at Staples, Inc.

Quality Director at Southern Power Co.

Former Chief Executive Officer at Deloitte Touche Tohmatsu Ltd.

Executive Chairman of the Board & Chief Executive Officer at FRP Holdings, Inc.

Former Vice Chairman & Chief Executive Officer, Financial Markets & Treasury Services at The Bank of New York Mellon Corporation

Member-Economic Advisory Council at Federal Reserve Bank of San Francisco

Former Interim Chief Marketing Officer at MetLife, Inc.

Former Managing Partner, Strategy at PricewaterhouseCoopers LLP

Chief Executive Officer & President at Wells Fargo & Co.

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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 overweighted 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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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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SSgA Funds Management (SSgA FM) uses quantitative methods, as well as an industry-specific bottom-up investment approach to select stocks. The firm's mutual funds and institutional portfolios follow the same management style. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. cash and real estate. ^The firm's Active, Enhanced & Passive are designed to outperform relative to benchmarks while maintaining appropriate risk exposure. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies.SSgA FM's Active & Passive Debt strategies seek to meet clients' objectives by controlling risk, while diversifying sources of excess return. The firm offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The strategies typically use a stratified sampling methodology to build portfolios with the same characteristics as the index using quantitative and fundamental methods.^SSgA FM's cash strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities.SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seeks to position assets among major investment categories. The goal is to manage risk and enhance returns.SSgA FM is an advisor to funds that employ both passive and actively managed REITs investing strategies. They also offer direct real estate investment strategies.SSgA FM is an advisor to a fund that employs senior loan investing strategies. An unaffiliated sub-advisor directs the investments of the fund.SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The managed futures strategy seeks to capture returns tied to global macroeconomic trends in the commodity futures markets, taking both long and short positions. The fixed income strategy is designed to generate interest income and capital appreciation to add diversification to the returns generated by the managed futures strategy.SSgA FM's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research. The strategies make direct or co-investments across sectors, as well as fund investments.

Recent Transactions
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WestRock Co. purchases KapStone Paper & Packaging Corp.

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AptarGroup, Inc. purchases CSP Technologies, Inc. from Wendel SA (Private Equity)

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Wells Fargo Bank NA, Wells Fargo & Co. purchase Color Spot Nurseries, Inc. from Black Diamond Capital Management LLC, W Capital Partners

Transaction Clients
Investment Advisor

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

Investment Advisor

Advised on Umpqua Holdings Corp. purchases Humboldt Bancorp

Escrow Agent

Advised on Tarrant Capital IP LLC purchases Par Sterile Products LLC from Warburg Pincus & Company US LLC

Transaction Advisors
Auditor

Advised onWells Fargo & Co. issued Common Stock

Accountant

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

Legal Advisor

Advised onB.P. Marsh & Partners Plc, B.P. Marsh & Co. Ltd. purchase 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

Global Co-Chair, Banking Practice at Latham & Watkins LLP

Real Estate Agent

Senior Managing Director at Newmark Knight Frank

Clients

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The company was founded in December 1998 and is headquartered in San Jose, CA.

Financial Engines, Inc. engages in the provision of financial guidance. Its services include objective, fee-based advice, and asset management. The company was founded by William F. Sharpe, Joseph A. Grundfest and Craig W. Johnson in 1996 and is headquartered in Sunnyvale, CA.

BlackRock Financial Management (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. Model-based institutional strategies typically invest across a broad spectrum of global fixed-income securities, as well as currencies, futures and swaps. 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. For institutional index strategies, BFM typically invests in accordance with the risk and return profile of the benchmark either by replicating the index, or utilizing security level or stratified sampling where the index is disaggregated into smaller cells in an effort to match the risk characteristics of each cell.The firm'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 certain private investors and other SMA program, BlackRock creates and maintains 'target' portfolios of securities, to which securities are added and from which securities are removed from time to time.

Key Stats and Financials As of 2017
Market Capitalization
$253B
Total Enterprise Value
$636B
Earnings Per Share
$4.1
Revenue
$100B
TEVNet Income
28.66x
Debt TEV
0.52x
Total Debt
$328B
Total Equity
$208B
Net Profit
$22.2B
Enterprise Value Sales
6.36x
Three Year Compounded Annual Growth Rate Of Revenue
3.89%
Five Year Compounded Annual Growth Rate Of Revenue
1.25%
Political Donations
Investments
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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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TradeBlock provides visibility into digital currency markets with data tools and proprietary research.

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Industrious National Management Co. LLC creates social workspaces and private glass offices. It provides coworking, shared office space, collaboration, community and flexibility services. The company was founded by Jamie Hodari and Justin Stewart and is headquartered in Brooklyn, NY.

Investors
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Founder at Colville Capital LLC

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Partner & Chief Executive Officer at Perella Weinberg Partners Capital Management LP

Suppliers
Corporate Office Properties Trust, Inc. Real Estate Investment Trusts | Columbia, MD

Corporate Office Properties Trust, Inc. is a real estate investment trust. It acquires, develops, manages, sells, and leases out office properties. 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. Insurance: Property & Casualty | 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 Internet Software & Services | Calabasas, CA

Ixia 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 on May 27, 1997 and is headquartered in Calabasas, CA.

Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

JPMorgan Chase & Co. Retail & Commercial Banking

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Citigroup, Inc. Investment Services & Portfolio Management - New York, NY

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

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