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Wells Fargo & Company (WFC)

Company Profile

Company profile

Ticker

WFC, WFC-PD, WFC-PZ, WFC-PC, WFC-PY, WFC-PA, WFC-PL

Exchange

Website

www.wellsfargo.com

CEO

Mr. Charles W. Scharf

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank of America • Citigroup • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • Truist Financial • HSBC USA • Regions Financial ...

Former names

NORWEST CORP, WELLS FARGO & CO/MN

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

EVEREN Capital Corporation • Omniplus Capital Corporation • Peony Asset Management, Inc. • Wells Fargo Advisors Financial Network, LLC • Wells Fargo Clearing Services, LLC • Wells Fargo Equipment Finance, Inc. • Wells Fargo Funding, LLC • Wells Fargo International • Wells Fargo Municipal Capital Strategies, LLC • Wells Fargo Securities, LLC ...

IRS number

410449260

WFC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$84.86

Low target

$75.00

High target

$92.00

Keefe, Bruyette & Woods

Truist Securities

Latest filings (excl ownership)

View all

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Prospectus for primary offering

Disclosure regarding Iran Threat Reduction and Syria Human Rights Act

Prospectus for primary offering

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Ather Williams III

Beurden Saul Van

CHARLES W SCHARF

Michael P. Santomassimo

Ellen R Patterson

Kyle G Hranicky

Financial summary

Financial statements Chart WFC financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	201.90 bn	201.90 bn	201.90 bn	201.90 bn	201.90 bn	201.90 bn
Cash burn (monthly)	(no burn)	1.23 bn	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.56 bn	n/a	n/a	n/a	n/a
Cash remaining	n/a	199.34 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	161.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

WFC institutional ownership history Ownership history

76.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2518	2212	+13.8%
Opened positions	470	166	+183.1%
Closed positions	164	187	-12.3%
Increased positions	828	765	+8.2%
Reduced positions	900	912	-1.3%

13F shares	Current	Prev Q	Change
Total value	174.49 tn	134.80 tn	+29.4%
Total shares	2.52 bn	2.48 bn	+1.4%
Total puts	53.42 mm	54.29 mm	-1.6%
Total calls	66.44 mm	43.16 mm	+53.9%
Total put/call ratio	0.8	1.3	-36.1%

Largest owners	Shares	Value	Change
Vanguard	301.88 mm	$21.20 tn	-1.7%
BlackRock	257.28 mm	$18.40 tn	-0.9%
FMR	203.07 mm	$14.28 tn	+3.6%
STT State Street	142.10 mm	$10.05 tn	+0.2%
JPM JPMorgan Chase & Co.	141.98 mm	$9.97 tn	+10.7%
Wellington Management	87.32 mm	$6.14 tn	-4.3%
Geode Capital Management	71.29 mm	$5.00 tn	+0.2%
Dodge & Cox	70.45 mm	$4.95 tn	-19.0%
Norges Bank	47.92 mm	$3.37 tn	NEW
Capital International Investors	45.95 mm	$3.23 tn	-6.1%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	47.92 mm	+47.92 mm	NEW
Arrowstreet Capital, Limited Partnership	5.01 mm	-20.04 mm	-80.0%
Dodge & Cox	70.45 mm	-16.50 mm	-19.0%
Capital Research Global Investors	15.73 mm	+14.21 mm	+932.0%
JPM JPMorgan Chase & Co.	141.98 mm	+13.77 mm	+10.7%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	14.22 mm	+13.41 mm	+1659.8%
Voya Investment Management	8.58 mm	+7.25 mm	+547.4%
FMR	203.07 mm	+7.13 mm	+3.6%
Harris Associates L P	14.49 mm	-6.63 mm	-31.4%
Primecap Management	25.54 mm	-6.48 mm	-20.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Feb 25	Derek A. Flowers	2022 Performance Shares Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	37,066.581	0.00	37,066.581
24 Feb 25	Kyle G Hranicky	2022 Performance Shares Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	29,121.148	0.00	29,121.148
24 Feb 25	Bei Ling	2022 Performance Shares Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	28,241.854	0.00	28,241.854
24 Feb 25	Ellen R Patterson	2022 Performance Shares Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	62,130.262	0.00	62,130.262
24 Feb 25	Scott Powell	2022 Performance Shares Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	0	87,369.498	0.00	87,369.498

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Trump's Tax Cut Could Add $4.6 Trillion To Deficit, With $48 Billion Tax Relief For Top 100 Firms: Robert Reich

Robert Reich has termed Donald Trump's taxation policies as an "absolutely shameless giveaway," that could shoot up deficit to $4.6 trillion.

Wells Fargo Says OCC Terminated Its 2018 Consent Order Related To he Company's Compliance Risk Management Program

Charlie Scharf, Wells Fargo's CEO, said of today's news:"We are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enforcement action."

Regulatory Freeze At CFPB: These ETFs Could Gain As Oversight Weakens

A CFPB shut down raises concerns about consumer rights but also presents opportunity for investors in bank and fintech ETFs.

JPMorgan, BofA, Equifax, And Others May Get Relief After CFPB Dissolution: Maryland Senator Says He Will Ensure It Continues To 'Fight For Consumers'

Stocks Edge Higher, Bank Giants Rally, Palantir Skyrockets: What's Driving Markets Thursday?

Press releases

From Benzinga Pro

Consumers Continue to Navigate Persistent Inflation by Changing Life Plans; Say They Want to Learn New Money Behaviors, According to Second Annual Wells Fargo Money Study

Ninety percent of Americans report that they are still surprised by high prices of items like water, gas, eating out and attending events Fifty-five percent saying they have delayed some of their life plans to

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Wells Fargo & Company (NYSE:WFC) today announced dividends on six series of preferred stock. This press release features multimedia. View the full release here:

Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order

Wells Fargo & Company (NYSE:WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company's compliance risk management program. This is the

Wells Fargo Expands Its Commercial Banking Transformation with Q2 to Drive Collaboration Across Commercial Banking Teams

Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to FFF Enterprises, Inc.

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