Inactive Instrument

Company Wells Fargo & Company Nyse

Equities

WFC.PRP

US9497466550

Business Summary

Wells Fargo & Company is a leading American banking group. The Net Banking Product (before intra-group eliminations) breaks down by activity as follows:

- retail and commercial banking (57,9%): sales of standard and specialized banking products and services (mortgage lending, real estate credit, consumer credit, insurance, etc.);

- finance, investment, and market banking (22,9%);

- profit management, brokerage, and pension fund management (19.2%).

At the end of 2020, the group had USD 1,404.4 billion in current deposits and USD 887.6 billion in current loans.

Number of employees: 224,824

Sales per Business

USD in Million	2022	Weight	2023	Weight	Delta
Consumer Banking and Lending 45.9 %	35,810	48.5 %	37,919	45.9 %	+5.89%
Corporate and Investment Banking 23.2 %	15,242	20.7 %	19,191	23.2 %	+25.91%
Wealth and Investment Management 17.8 %	14,822	20.1 %	14,691	17.8 %	-0.88%
Commercial Banking 16.3 %	10,920	14.8 %	13,449	16.3 %	+23.16%
Reconciling Items -2.7 %	-2,011	-2.7 %	-2,196	-2.7 %	+9.20%
Corporate -0.6 %	-998	-1.4 %	-457	-0.6 %	-54.21%

Sales per region

USD in Million	2022	Weight	2023	Weight	Delta
United States 100.0 %	73,785	100.0 %	82,597	100.0 %	+11.94%

Managers

Managers	Title	Age	Since
Charlie Scharf CEO	Chief Executive Officer	59	20/10/19
Michael Santomassimo DFI	Director of Finance/CFO	48	13/10/20
Tracy Kerrins CTO	Chief Tech/Sci/R&D Officer	-	30/09/19
Scott Powell COO	Chief Operating Officer	61	08/12/19
Jon Weiss CIO	Chief Investment Officer	66	30/06/17
William Daley		75	-
John Campbell IRC	Investor Relations Contact	-	31/12/94
David Lauffer PRN	Corporate Officer/Principal	-	-
Lindsay T. Lewellen PRN	Corporate Officer/Principal	-	31/05/01
Lisa H. Banker PRN	Corporate Officer/Principal	-	-

Members of the board

Members of the board	Title	Age	Since
Steven Black CHM	Chairman	71	27/04/20
Celeste Clark BRD	Director/Board Member	71	31/12/17
CeCe Morken BRD	Director/Board Member	66	25/04/22
Suzanne Vautrinot BRD	Director/Board Member	63	23/02/15
Richard Davis BRD	Director/Board Member	66	25/04/22
Ronald Sargent BRD	Director/Board Member	68	20/02/17
Charlie Scharf CEO	Chief Executive Officer	59	20/10/19
Theodore Craver BRD	Director/Board Member	72	31/12/17
Doug Braunstein BRD	Director/Board Member	63	02-27
Felicia Norwood BRD	Director/Board Member	64	25/04/22

Shareholders

Name	Equities	%	Valuation
The Vanguard Group, Inc. 9.228 %	321,717,682	9.228 %	19 277 M $
Vanguard Fiduciary Trust Co. 9.112 %	317,688,566	9.112 %	19 036 M $
BlackRock Advisors LLC 5.824 %	203,044,613	5.824 %	12 166 M $
Fidelity Management & Research Co. LLC 5.359 %	186,838,035	5.359 %	11 195 M $
STATE STREET CORPORATION 4.206 %	146,638,332	4.206 %	8 787 M $
Dodge & Cox 3.304 %	115,176,052	3.304 %	6 901 M $
JPMorgan Investment Management, Inc. 3.233 %	112,698,379	3.233 %	6 753 M $
Geode Capital Management LLC 2.058 %	71,749,034	2.058 %	4 299 M $
Wellington Management Co. LLP 1.726 %	60,176,482	1.726 %	3 606 M $
Capital Research & Management Co. (International Investors) 1.703 %	59,374,633	1.703 %	3 558 M $

Name	Equities	%	Valuation
PIMCO Europe Ltd. 29.75 %	5,950,000	29.75 %	6 M $
Kanen Wealth Management LLC 5.000 %	1,000,000	5.000 %	989 300 $
Aramea Asset Management AG 1.000 %	200,000	1.000 %	197 860 $
FMR Investment Management (UK) Ltd. 0.2000 %	40,000	0.2000 %	39 572 $
EFG Asset Management (UK) Ltd. 0.000000 %	0	0.000000 %	- $
Smith Capital Investors LLC 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
PNC Investments LLC 5.413 %	2,273,340	5.413 %	44 M $
Russell Investments Canada Ltd. 0.003724 %	1,564	0.003724 %	30 060 $
Fubon Asset Management Co., Ltd. 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Flaherty & Crumrine, Inc. -	23,630,000	-	25 M $
PIMCO Europe Ltd. -	15,600,000	-	16 M $
Whittier Advisors LLC -	1,000,000	-	1 M $
DoubleLine Capital LP -	975,000	-	1 M $
Goldman Sachs Asset Management International -	295,000	-	310 163 $
FMR Investment Management (UK) Ltd. -	40,000	-	42 056 $
AllianceBernstein Ltd. -	3,000	-	3 154 $
Fernando Rivas -	100	-	105 $

Name	Equities	%	Valuation
Flaherty & Crumrine, Inc. 0.2614 %	9,175,000	0.2614 %	9 M $
Virtus Fixed Income Advisers LLC 0.0889 %	3,120,000	0.0889 %	3 M $
Azimut Capital Management SGR SpA 0.0855 %	3,000,000	0.0855 %	3 M $
Franklin Bissett Investment Management 0.0570 %	2,000,000	0.0570 %	2 M $
DoubleLine Capital LP 0.0368 %	1,290,000	0.0368 %	1 M $
Goldman Sachs Asset Management International 0.0132 %	465,000	0.0132 %	438 309 $
Sanlam Multi Manager International (Pty) Ltd. 0.008832 %	310,000	0.008832 %	292 206 $
Banor Capital Ltd. 0.008547 %	300,000	0.008547 %	282 780 $
Ayalon Mutual Funds Ltd. 0.003561 %	125,000	0.003561 %	117 825 $
AllianceBernstein Ltd. 0.002593 %	91,000	0.002593 %	85 777 $

Name	Equities	%	Valuation
Caixa DTVM SA 0.001554 %	216,725	0.001554 %	3 M $
Itaú Unibanco SA 0.001131 %	157,688	0.001131 %	2 M $
Bram Bradesco Asset Management S/A DTVM 0.000231 %	32,211	0.000231 %	479 195 $
XP Allocation Asset Management Ltda. 0.000007 %	970	0.000007 %	14 430 $

Name	Equities	%	Valuation
IAT Reinsurance Co. Ltd. 0.4008 %	387	0.4008 %	366 $
Heritage Wealth Advisors LLC 0.0839 %	81	0.0839 %	77 $
Meeder Asset Management, Inc. 0.001036 %	1	0.001036 %	1 $

Name	Equities	%	Valuation
Flaherty & Crumrine, Inc. 0.7227 %	338,234	0.7227 %	7 M $
SILVERCREST ASSET MANAGEMENT GROUP INC. 0.0637 %	29,800	0.0637 %	606 132 $
Mathes Co., Inc. 0.0449 %	21,000	0.0449 %	427 140 $
Capital Investment Trust Corp. 0.0289 %	13,519	0.0289 %	274 976 $
Russell Investments Canada Ltd. 0.004865 %	2,277	0.004865 %	46 314 $
Thompson Investment Management, Inc. 0.004274 %	2,000	0.004274 %	40 680 $
Felicia Norwood 0.000325 %	152	0.000325 %	3 092 $
Financial Gravity Asset Management, Inc. 0.000090 %	42	0.000090 %	854 $
Fubon Asset Management Co., Ltd. 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Flaherty & Crumrine, Inc. 0.9480 %	474,000	0.9480 %	9 M $
Franklin Templeton SinoAm Securities Investment Mgmt, Inc 0.5508 %	275,398	0.5508 %	5 M $
PIMCO Europe Ltd. 0.2692 %	134,600	0.2692 %	3 M $
Atlas Capital Advisors LLC 0.005550 %	2,775	0.005550 %	51 782 $
Old Point Trust & Financial Services, NA 0.004000 %	2,000	0.004000 %	37 320 $
Thompson Investment Management, Inc. 0.004000 %	2,000	0.004000 %	37 320 $
Lawrence W. Kelly & Associates, Inc. 0.000500 %	250	0.000500 %	4 665 $
Felicia Norwood 0.000494 %	247	0.000494 %	4 609 $
Fubon Asset Management Co., Ltd. 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Loomis, Sayles & Co. LP 7.051 %	279,780	7.051 %	326 M $
Stonebridge Advisors LLC 5.469 %	217,004	5.469 %	253 M $
Advent Capital Management LLC 4.656 %	184,763	4.656 %	215 M $
First Trust Advisors LP 3.766 %	149,450	3.766 %	174 M $
Victory Capital Management, Inc. (Investment Management) 2.334 %	92,622	2.334 %	108 M $
Valeo Financial Advisors LLC 2.061 %	81,767	2.061 %	95 M $
STATE STREET CORPORATION 1.624 %	64,445	1.624 %	75 M $
MacKay Shields LLC 0.7236 %	28,710	0.7236 %	33 M $
Coastwise Capital Group LLC 0.6546 %	25,974	0.6546 %	30 M $
Keynote Financial Services LLC 0.5860 %	23,250	0.5860 %	27 M $

Name	Equities	%	Valuation
PIMCO Europe Ltd. 0.0837 %	67,400	0.0837 %	1 M $
Capital Investment Trust Corp. 0.0224 %	18,026	0.0224 %	368 091 $
Felicia Norwood 0.000283 %	228	0.000283 %	4 656 $
Tucker Asset Management LLC 0.000193 %	155	0.000193 %	3 165 $
Financial Gravity Asset Management, Inc. 0.000067 %	54	0.000067 %	1 103 $
Fubon Asset Management Co., Ltd. 0.000000 %	0	0.000000 %	- $

Name	Equities	%	Valuation
Virtus Fixed Income Advisers LLC 11,375.00 %	9,100,000	11,375.00 %	540 M $
Western Asset Management Co. Ltd. 1,887.50 %	1,510,000	1,887.50 %	90 M $
DoubleLine Capital LP 1,837.50 %	1,470,000	1,837.50 %	87 M $
Franklin Templeton International Services SARL 1,100.00 %	880,000	1,100.00 %	52 M $
Flaherty & Crumrine, Inc. 937.50 %	750,000	937.50 %	44 M $
Metropolitan West Asset Management LLC 62.50 %	50,000	62.50 %	3 M $
Fernando Rivas 0.0575 %	46	0.0575 %	2 729 $

Name	Equities	%	Valuation
Atlas Capital Advisors LLC 0.002645 %	730	0.002645 %	44 $
Boyd Watterson Asset Management LLC 0.000362 %	100	0.000362 %	6 $
ORG Partners LLC 0.000094 %	26	0.000094 %	2 $
Fubon Asset Management Co., Ltd. 0.000000 %	0	0.000000 %	- $

Holdings

Name	Equities	%	Valuation
VISA, INC. 11.53%	28,299,638	11.53%	7,710,519,369 $
ELLSWORTH GROWTH AND INCOME FUND LTD. 7.30%	1,007,180	7.30%	8,148,086 $
NUVEEN MUNICIPAL CREDIT INCOME FUND 0.00%	6,048	0.00%	72,092 $
NUVEEN QUALITY MUNICIPAL INCOME FUND 208.06%	4,338	208.06%	48,759 $
ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. 0.01%	3,531	0.01%	37,923 $
NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND 100.00%	3,350	100.00%	36,415 $
NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND 100.00%	1,600	100.00%	17,504 $
NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND 0.00%	1,700	0.00%	17,476 $
NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND 94.34%	833	94.34%	8,896 $
PIMCO MUNICIPAL INCOME FUND II 4.39%	555	4.39%	4,756 $

Company contact information

Wells Fargo & Co.

420 Montgomery Street

94104, San Francisco

+866 249 3302

http://www.wellsfargo.com

Group companies

Name	Category and Sector
EVEREN Capital Corp. EVEREN Capital Corp. Investment Banks/BrokersFinance Part of Wells Fargo & Co., EVEREN Capital Corp. is a company that provides full-service, retail-oriented securities brokerage services. The company is based in Charlotte, NC. EVEREN Capital was acquired by Wachovia Corp. on October 01, 1999 for $1,042.90 million.	Investment Banks/Brokers
Wachovia Development Corp. Wachovia Development Corp. Real Estate DevelopmentFinance Wachovia Development Corp. operates as a bank holding company with interest in real estate properties management and development. The company is headquartered in Charlotte, NC.	Real Estate Development
WFC Holdings LLC WFC Holdings LLC Financial ConglomeratesFinance WFC Holdings is engaged in the provision of banking, insurance, investments, mortgage and consumer finance services. It operates as a holding company of Wells Fargo & Co. The company was founded in 1852 and is headquartered in San Francisco, CA.	Financial Conglomerates
Norwest Venture Partners IX LP	Investment Managers
Norwest Venture Partners VII-A LP	Investment Managers
Norwest Venture Partners X LP	Investment Managers
Wells Fargo Advantage Strategic Income Fund/Old	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2050 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2055 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target Today Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2015 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2020 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2025 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2030 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2035 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2040 Fund	Investment Trusts/Mutual Funds
Allspring Dynamic Target 2045 Fund	Investment Trusts/Mutual Funds
Allspring Low Volatility US Equity Fund	Investment Trusts/Mutual Funds
Wells Fargo Trust Co, NA Wells Fargo Trust Co, NA Major BanksFinance Headquartered in Salt Lake City, Utah with an additional office in Portland, Oregon, Wells Fargo Bank Northwest NA is a subsidiary of Wells Fargo & Co. (NYSE: WFC), a diversified financial services company that provides a range of banking, insurance, investment, mortgage and consumer finance services	Major Banks
Wells Fargo Capital Finance (UK) Ltd. Wells Fargo Capital Finance (UK) Ltd. Finance/Rental/LeasingFinance Wells Fargo Capital Finance (UK) Ltd. provides comprehensive asset based lending, technology finance and supply chain finance. It delivers bespoke funding structures to a spectrum of mid to large corporate. Wells Fargo Capital Finance works with public and private UK based companies, in addition to US and Canadian businesses, and multinational businesses with operations in the UK, Western Europe, the US, Canada, and beyond. The company was founded in 1992 and is headquartered in London, the United Kingdom.	Finance/Rental/Leasing
Norwest Equity Partners VIII LP Norwest Equity Partners VIII LP Investment ManagersFinance Norwest Equity Partners VIII LP invests in profitable and growing middle-market companies located in the United States with EBITDA of at least $10 million, an enterprise value of $50 - $250 million and strong management teams. The fund targets companies operating in the fields of manufacturing, distribution, healthcare services, business services and consumer products industry. It provides financing for MBOs, industry consolidations, recapitalizations and growth capital requirements with an investment size ranging from $20 to $80 million, where total transaction size ranges between $50 and $500 million.	Investment Managers
Wells Fargo Trade Capital Services, Inc. Wells Fargo Trade Capital Services, Inc. Finance/Rental/LeasingFinance Wells Fargo Trade Capital Services, Inc. operates as a financial services company. It offers factoring services such as credit approval, credit protection, collection, and information reporting. The company was founded on December 16, 1922 and is headquartered in New York, NY.	Finance/Rental/Leasing
Centurion Life Insurance Co. Centurion Life Insurance Co. Life/Health InsuranceFinance Centurion Life Insurance Co operates as an insurance company. The company is headquartered in, Des Moines, IA.	Life/Health Insurance
Synthetic Fixed-Income Securities, Inc.	Investment Trusts/Mutual Funds
Wells Fargo Risk Services, Inc. Wells Fargo Risk Services, Inc. Miscellaneous Commercial ServicesCommercial Services Part of Wells Fargo & Co., Wells Fargo Risk Services, Inc. provides risk management services. The company is based in Charlotte, NC.	Miscellaneous Commercial Services
Wells Fargo Capital Finance Corporation Canada Wells Fargo Capital Finance Corporation Canada Financial ConglomeratesFinance Part of Wells Fargo Bank NA (Sioux Falls, South Dakota), Wells Fargo Capital Finance Corporation Canada is a Canadian company that provides financial services. The company is based in Toronto, Canada.	Financial Conglomerates
Wells Fargo Bank South Central, NA Wells Fargo Bank South Central, NA Major BanksFinance Part of Wells Fargo Bank NA (Sioux Falls, South Dakota), Wells Fargo Bank South Central, NA is a nationally chartered commercial bank. The company is based in Houston, TX.	Major Banks
Wells Fargo Canada Corp. Wells Fargo Canada Corp. Finance/Rental/LeasingFinance Wells Fargo Canada Corp. provides banking services. The company is headquartered in Mississauga, Canada.	Finance/Rental/Leasing
Norwest Venture Partners VI A LP	Investment Managers
Wells Fargo Bank International Unlimited Co. Wells Fargo Bank International Unlimited Co. Finance/Rental/LeasingFinance Part of Wells Fargo Bank NA (Sioux Falls, South Dakota), Wells Fargo Bank International Unlimited Co. is a credit institution and bank. The company is based in Dublin, Ireland. Founded in 2008, Wells Fargo Bank International operates as a credit institution and bank.	Finance/Rental/Leasing
Norwest Venture Partners XI LP Norwest Venture Partners XI LP Investment ManagersFinance Norwest Venture Partners XI LP invests in both public and private companies located in the United States, India, Israel and China with strong growth potential. The fund targets companies operating in the fields of systems & IT infrastructure, internet & consumer, software, information services, business services, financial services, consumer products/services and healthcare. It provides financing for early to late stage venture and growth equity investments. The investment size ranges from USD 10 million to USD 15 million in each company for early stage, begin with a smaller amount (as little as USD 1 million to 5 million), and have the ability to invest as much as USD 25 million to 30 million. For growth equity companies, it aims to invest between USD 15 million and 50 million (and up to USD 75 million). It acts as a lead investor and also considers co-investments.	Investment Managers
First State Bank of Texas (Three Rivers) First State Bank of Texas (Three Rivers) Regional BanksFinance Part of CBTX, Inc. (Texas), First State Bank of Texas (Three Rivers) is a state chartered commercial bank. The company is based in Orange, TX.	Regional Banks
Wells Fargo Securities LLC Wells Fargo Securities LLC Investment ManagersFinance Wells Fargo Securities LLC (WFS) is the broker/dealer subsidiary of EVEREN Capital Corp., ultimately owned by Wells Fargo & Co. (NYSE: WFC). Headquartered in New York, WFS delivers a comprehensive suite of banking, capital markets and advisory solutions, such as a full complement of sales, trading and research capabilities, to corporate, government and institutional clients.	Investment Managers
Wells Fargo National Bank West Wells Fargo National Bank West Major BanksFinance Wells Fargo National Bank West engages in the operations as a nationally chartered commercial bank. The company is headquartered in Las Vegas, NV.	Major Banks
Centurion Casualty Co. Centurion Casualty Co. Insurance Brokers/ServicesFinance Part of UnitedHealth Group, Inc., Centurion Casualty Co. provides insurance services. The company is based in Minnetonka, MN. Centurion Casualty was founded in 1983.	Insurance Brokers/Services
Union Hamilton Reinsurance Ltd. Union Hamilton Reinsurance Ltd. Insurance Brokers/ServicesFinance Part of Wells Fargo & Co., Union Hamilton Reinsurance Ltd. is a company that provides insurance brokerage services. The company is based in Hamilton, Bermuda.	Insurance Brokers/Services
Wells Fargo International Banking Corp. Wells Fargo International Banking Corp. Regional BanksFinance Part of Wells Fargo Bank NA (Sioux Falls, South Dakota), Wells Fargo International Banking Corp. is a company that provides international trade financing. The company is based in Charlotte, NC.	Regional Banks
Wells Fargo Capital Finance LLC Wells Fargo Capital Finance LLC Finance/Rental/LeasingFinance Part of Wells Fargo Bank NA (Sioux Falls, South Dakota), Wells Fargo Capital Finance LLC is a company that provides financial services. The company is based in Santa Monica, CA.	Finance/Rental/Leasing
Wells Fargo Commodities LLC Wells Fargo Commodities LLC Investment Banks/BrokersFinance Part of Wells Fargo & Co., Wells Fargo Commodities LLC is a commodity broker. The company is based in Charlotte, NC.	Investment Banks/Brokers
Evergreen Alternative Capital, Inc. Evergreen Alternative Capital, Inc. Financial ConglomeratesFinance Part of Wells Fargo & Co., Evergreen Alternative Capital, Inc. invests in alternative investments. The company is based in Boston, MA.	Financial Conglomerates
Wells Fargo Clearing Services LLC Wells Fargo Clearing Services LLC Investment ManagersFinance Wells Fargo Clearing Services LLC (WFCS) is a SEC-registered investment advisor and wealth management firm headquartered in St. Louis, Missouri. The firm was founded 1852 and formerly known as Wells Fargo Advisors LLC. They are a subsidiary of Wachovia Securities Financial Holdings LLC, a non-bank indirect subsidiary of Wells Fargo & Co. (NYSE: WFC), a financial and bank holding company. Wells Fargo Advisors is a trade name used by Wells Fargo Advisors Financial Network LLC and Wells Fargo Clearing Services LLC. WFCS provides investment advisory services to individuals, pension or profit-sharing plans, trusts, estates or charitable organizations, corporations or other business entities, governmental entities and educational institutions, as well as banks or thrift institutions. They also act as portfolio manager for certain wrap fee advisory programs.	Investment Managers
Wells Fargo Securities Asia Ltd. Wells Fargo Securities Asia Ltd. Investment Banks/BrokersFinance Part of Wells Fargo & Co., Wells Fargo Securities Asia Ltd. is a brokerage services provider. The company is based in Hong Kong, Hong Kong.	Investment Banks/Brokers
Wells Fargo Securities Canada Ltd. Wells Fargo Securities Canada Ltd. Investment Banks/BrokersFinance Wells Fargo Securities Canada Ltd. is the Canadian brokerage subsidiary of Wells Fargo International Banking Corp., which is owned by Wells Fargo & Co. (NYSE: WFC) in the US. Headquartered in Toronto, the firm provides capital markets and advisory solutions to middle market, large corporate, institutional, and public entity clients. They make informed investment decisions through timely market insights, customized investment options, and a range of execution strategies.	Investment Banks/Brokers

Sector

This company's sector is not yet available