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)

269K

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

Senior Executive Vice President, Chief Financial Officer

Senior Executive Vice President, Chief Operating Officer

Senior Executive Vice President, General Counsel

Chief Compliance Officer

Senior Executive Vice President, Chief Risk Officer

Chief Information Officer

Chief Credit Officer

Chief Auditor & Senior Executive Vice President

Board of Directors

Member at The Audit Committee Leadership Network in North America

Chief Executive Officer & President at Wells Fargo & Co.

Former Chief Executive Officer at Staples, Inc.

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

Former Chief Financial Officer & Senior Executive Vice President at SunTrust Banks, Inc.

Former Member at New York Angels, Inc.

President at Kilovolt Consulting, Inc.

Co-Chief Executive Officer at Bregal Investments LLP

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Owners & Shareholders
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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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Sanders Capital employs a value-driven approach that is based on the belief that investors systematically overreact to adversity, unduly depressing the price of the affected assets, thus producing investments with above-average risk-adjusted returns. The firm’s investment process include valuation, research review and portfolio construction/risk assessment. Sanders Capital sources investments for their portfolios from a broad range of financial assets in all parts of the global capital markets including: common and preferred stock and related options, corporate debt (bonds and bank loans), municipal debt securities, commercial paper, and US government securities. They may invest in commodity futures to actively manage risks and seek opportunity in non-dollar investments.

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ECM seeks to achieve investment returns superior to broad equity market indices in both up and down markets. They uses a fundamental, bottom-up, research-driven approach to find undervalued companies that will experience long-term secular change. The firm offers one strategy, the Eagle Equity portfolio, which they have managed since its inception. The Eagle Equity strategy invests in US traded public equities. From time to time, investments may include companies trading in the form of ADRs of non-US corporations that fit their investment criteria. Each Eagle Equity portfolio typically holds 25 to 35 positions. ECM generally limits portfolio holdings to 10 percent portfolio weights at market value and they primarily invest in the securities of larger capitalization companies. From time to time, they may also consider lower-cap companies.

Recent Transactions
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Computershare Ltd. purchases Wells Fargo & Co. /Corporate Trust Services from Wells Fargo & Co.

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TD Bank Group purchases Wells Fargo & Co. /Canadian Direct Equipment Finance Business from Wells Fargo & Co.

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Wells Fargo & Co., Norwest Equity Partners purchase Red Monkey Foods, Inc. from San Francisco Equity Partners

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

Insider Transactions
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Transaction Advisors
Auditor

Advised onWells Fargo & Co. issued USD 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 Ltd. (Ireland) purchases Allergan, Inc.

Advisors & Consultants
Advisor

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

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Co-Chair, Commercial Class Action Litigation Practice at Cooley 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.

BLCS evaluates potential opportunities and investments using an investment process which include a variety of proprietary and non-proprietary research models and methods of analyses. They use a variety of both internal and external resources including financial newspapers and magazines, research, and reports provided by third parties and corporate ratings services. The firm conducts an in-depth review of the target companies/investments, tailored to the target and type of potential investment they are considering.

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 2020
Market Capitalization
$187B
Total Enterprise Value
$396B
Earnings Per Share
$0.41
Revenue
$78.7B
Net Profit
$3.3B
Total Equity
$186B
Enterprise Value / Sales
5.03x
TEVNet Income
119.85x
Debt TEV
0.7x
Total Debt
$277B
Three Year Compounded Annual Growth Rate Of Revenue
-8.67%
Non-Profit Donations & Grants
$1,000 - $2,499
2019
Non-Profit Donations & Grants Received
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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Salary.com LLC develops skills management software for human capital management. The firm offers software applications and proprietary content that help executives, line managers, and compensation professionals automate, streamline, and optimize critical talent management processes including market pricing, compensation planning, performance management, competency management, and succession planning. The company was founded by Kent Plunkett in 1999 and is headquartered in Waltham, MA.

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Notarize, Inc. engages in the provision of digital remote notarization solution services. It offers a mobile notary signing service for mortgages, deeds, real estate documents, loan applications, loan modifications, structured settlement documents, walk through recording, debt consolidation documents, power of attorney documents, and other documents needing a notarization. The firm also provides title searches, as well as e-notarizing, e-signing, e-closing, and e-recording services. The company was founded by Patrick Kinsel and Adam Pase in 2015 and is headquartered in Boston, MA.

Investors
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Co-Founder at Ballast Point Ventures LLC

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Fund Advisor at Jupiter Asset Management Ltd.

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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. It 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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