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Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California. It is operational headquarters in Manhattan and managerial offices throughout the United States and internationally.
The bank serves more than 64 million customers across the country and has more than 250,000 employees.
The bank had a market capitalization of $158.97 billion as of January 2023. Wells Fargo reported net income of $21.5 billion earnings for the 2021 fiscal year.
Banking is the ultimate intangible industry, moving assets from lower-valued to higher-valued uses in the most impalpable of ways. But that still leaves plenty that distinguishes Wells Fargo from its major U.S. competitors starting with its size and its reach.
