Wells Fargo Bank

Wells Fargo Bank Corporation is an American multinational banking company and financial services holding company. Wells Fargo Bank Corporation has operations all over the world. Wells Fargo is the fourth largest bank by assets and the largest bank in the United States by market capitalization.

Wells Fargo is the second largest deposit, mortgage service and debit card bank in the United States. In 2011, Wells Fargo was the 23rd largest company in the United States. Wells Fargo Bank is headquartered in San Francisco, California, USA.

In 2007, Wells Fargo was the only US bank rated AAA by Standard & Poor’s. Due to the 2007-2012 financial crisis, Wells Fargo’s rating has been downgraded to AA-.

The main operating subsidiary of Wells Fargo Bank in the United States is national bank Wells Fargo Bank. National bank Wells Fargo Bank is referred to as NA. National bank Wells Fargo Bank is located in Sioux Falls, South Dakota.

Wells Fargo Bank was established on March 18, 1852 in New York City, New York, USA. The founders of Wells Fargo were Henry Wells and William Fargo. The chairman, president and chief executive officer is John G. Stumpf.

Wells Fargo Bank’s business covers: consumer banking, corporate banking, credit cards, finance and insurance, foreign currency exchange, investment banking, mortgage loans, private banking, private equity investment and wealth management.

In fiscal 2012, Wells Fargo’s revenue was US$86.08 billion, operating income was US$28.47 billion, profit was US$18.89 billion, total assets were US$1.422 trillion, and total equity was US$157.55 billion. In 2012, Wells Fargo had 269,200 employees.