WFC Wells Fargo & Co.

Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with managerial offices throughout the United States and overseas. It is the world's fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked number 26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue. In July 2015, Wells Fargo became the world's largest bank by market capitalization, edging past ICBC, before slipping behind JPMorgan Chase in September 2016, in the wake of a scandal involving the creation of over 2 million fake bank accounts and illegal manipulation of other accounts by Wells Fargo employees. Wells Fargo fell behind Bank of America to third by bank deposits in 2017 and behind Citigroup to fourth by total assets in 2018. Wells Fargo is incorporated in Delaware.
Company profile
Ticker
WFC, WFC+Z, WFC+A, WFC+C
Exchange
Website
CEO
Charles Scharf
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NORWEST CORP, WELLS FARGO & CO/MN
SEC CIK
Corporate docs
IRS number
410449260
WFC stock data
()
News
Morgan Stanley Maintains Overweight on Wells Fargo, Raises Price Target to $43
1 Mar 21
10 Biggest Price Target Changes For Wednesday
24 Feb 21
Raymond James Maintains Outperform on Wells Fargo, Raises Price Target to $42
24 Feb 21
Wells Fargo Enters Agreement With GTCR And Reverence Capital Partners To Sell Wells Fargo Asset Management For $2.1B; Wells Fargo To Own 9.9% Equity Interest
23 Feb 21
Benzinga's Top Ratings Upgrades, Downgrades For February 18, 2021
18 Feb 21
Press releases
Wells Fargo & Company Announces Final Results of Tender Offers by Its Wholly-Owned Subsidiary
1 Mar 21
Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions
26 Feb 21
Wells Fargo Donates $500,000 for Winter Storm Relief in Texas
24 Feb 21
Announced Sale of Wells Fargo Closed-End Funds' Advisor and Subadvisors
23 Feb 21
Wells Fargo Enters Agreement with GTCR and Reverence Capital Partners to Sell Wells Fargo Asset Management
23 Feb 21
Investment data
Top 50 of 6748 long holdings End of quarter 31 Dec 20 |
Value |
#Shares |
---|---|---|
$11.63B | 52.29M | |
$11.04B | 83.23M | |
$7.32B | 19.49M | |
$6.55B | 2.01M | |
$6B | 50.76M | |
$5.21B | 26.6M | |
$5.11B | 24.71M | |
$3.84B | 10.27M | |
Vanguard Tax-managed Intl FD
|
$3.54B | 75.08M |
$3.54B | 22.51M | |
$3.54B | 27.84M | |
$3B | 48.37M | |
$2.94B | 1.68M | |
$2.9B | 8.27M | |
$2.89B | 33.46M | |
$2.88B | 12.53M | |
$2.85B | 10.44M | |
Vanguard Intl Equity Index F
|
$2.85B | 56.81M |
$2.78B | 1.58M | |
$2.76B | 10.39M | |
$2.76B | 40.19M | |
$2.72B | 19.58M | |
$2.54B | 56.79M | |
$2.5B | 32.42M | |
$2.49B | 11.38M | |
$2.4B | 45.72M | |
$2.2B | 20.06M | |
$2.15B | 12.17M | |
$2.03B | 34.56M | |
$2.01B | 13.59M | |
$1.95B | 10.74M | |
$1.94B | 25.59M | |
$1.91B | 13.5M | |
$1.89B | 8.79M | |
$1.85B | 11.52M | |
$1.84B | 7.87M | |
$1.83B | 22.41M | |
$1.81B | 15.46M | |
$1.79B | 12.4M | |
$1.75B | 7.61M | |
$1.75B | 13.45M | |
$1.72B | 2.39M | |
$1.67B | 6.4M | |
$1.62B | 9.18M | |
$1.58B | 6.83M | |
$1.57B | 4.99M | |
$1.55B | 7.58M | |
$1.5B | 12.92M | |
$1.5B | 4.2M | |
$1.49B | 51.94M |
Holdings list only includes long positions.
Only includes long positions.
Calendar
22 Feb 21
1 Mar 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 264.61B | 264.61B | 264.61B | 264.61B | 264.61B | 264.61B |
Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 7.59B | (positive/no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 15.39B | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 249.22B | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 32.8 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Feb 21 | Derek A. Flowers | 2018 Performance Shares Common Stock, $1 2/3 Par Value | Grant | Aquire A | No | No | 0 | 12,290.437 | 0 | 12,290.437 |
23 Feb 21 | Mary T Mack | 2018 Performance Shares Common Stock, $1 2/3 Par Value | Grant | Aquire A | No | No | 0 | 33,797.872 | 0 | 33,797.872 |
23 Feb 21 | Petros G Pelos | 2018 Performance Shares Common Stock, $1 2/3 Par Value | Grant | Aquire A | No | No | 0 | 39,942.537 | 0 | 39,942.537 |
23 Feb 21 | Jonathan G. Weiss | 2018 Performance Shares Common Stock, $1 2/3 Par Value | Grant | Aquire A | No | No | 0 | 24,580.873 | 0 | 24,580.873 |
16 Feb 21 | Wells Fargo & Co. | Variable Rate MuniFund Term Preferred Shares, Series 2021 | Other | Aquire J | Yes | No | 0 | 200 | 0 | 1,800 |
Institutional ownership Q4 2020
68.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 1677 |
Opened positions | 249 |
Closed positions | 162 |
Increased positions | 462 |
Reduced positions | 814 |
13F shares |
Current |
---|---|
Total value | 85.71B |
Total shares | 2.82B |
Total puts | 97.3M |
Total calls | 101.46M |
Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 316.37M | $9.55B |
BLK Blackrock | 283.86M | $8.57B |
STT State Street | 167.36M | $5.05B |
Dodge & Cox | 148.43M | $4.48B |
FMR | 133.86M | $4.04B |
TROW T. Rowe Price | 106.53M | $3.22B |
Geode Capital Management | 59.89M | $1.8B |
JPM JPMorgan Chase & Co. | 58.89M | $1.78B |
BRK.A Berkshire Hathaway | 52.42M | $1.58B |
State Farm Mutual Automobile Insurance | 51.54M | $1.56B |
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
|
New words:
aa, adjusted, adjustment, advantage, American, andPart, apply, array, aspect, attestation, auto, Black, care, career, carr, CC, Chancy, child, cleaning, coaching, collaborate, Comerica, confident, containedin, content, count, country, critical, customer, dedicated, development, Digital, Disease, distancing, diverse, diversity, doubled, earn, earned, Ellen, endorse, equitable, equitycompensation, ethnicity, exposed, facial, feel, female, flexibility, fully, function, functional, futureissuance, gender, geography, guidance, guide, headcount, health, heavily, hourly, inclusion, increasingly, infected, introduced, Kleber, launched, lead, leadership, leading, learning, Lester, link, male, medical, monitor, muneera, newly, nonexempt, nursing, oversight, pandemic, Patterson, people, physical, Platform, prepared, professional, properly, publishing, race, recruiting, recruitment, regularly, relief, remainingavailable, remotely, representation, rewarding, role, santomassimo, school, screen, show, social, stable, staggering, stay, Steven, Strategy, strong, subcommittee, TD, temporarily, temporary, tenure, training, wear, week, Weinbach, women, workplace
Removed:
annually, assessable, average, Baker, chartered, Council, department, Deputy, discretion, domestic, downgraded, DRR, Duke, Elizabeth, ensuring, equivalent, examined, FFIEC, FICO, gave, Housing, john, levy, manage, mandated, previously, profile, quigley, recent, shrewsberry, tangible, targeted, team
Financial reports
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
2 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
5 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
Current reports
8-K
Wells Fargo & Company Announces Final Results of Tender Offers by Its Wholly-Owned Subsidiary
1 Mar 21
8-K
Wells Fargo & Company Announces Increase in Maximum Tender Amount and Initial Results of Tender Offers by Its Wholly-Owned Subsidiary
12 Feb 21
8-K
Wells Fargo & Company Announces Full Redemptions of its Series P and Series W Preferred Stock and Related Depositary Shares
10 Feb 21
8-K
Other Events
9 Feb 21
8-K
Amendments to Articles of Incorporation or Bylaws
1 Feb 21
8-K
Departure of Directors or Certain Officers
29 Jan 21
8-K
Wells Fargo & Company Announces Tender Offers by Its Wholly-Owned Subsidiary
29 Jan 21
8-K
Other Events
26 Jan 21
8-K
Wells Fargo & Company Announces Pricing of Any and All Cash Tender Offers by Its Wholly-Owned Subsidiary
26 Jan 21
8-K
Amendments to Articles of Incorporation or Bylaws
22 Jan 21
Registration and prospectus
8-A12B
Registration of securities on exchange
1 Feb 21
424B2
Prospectus for primary offering
27 Jan 21
424B2
Prospectus for primary offering
27 Jan 21
FWP
Free writing prospectus
25 Jan 21
424B2
Prospectus for primary offering
25 Jan 21
424B2
Prospectus for primary offering
21 Jan 21
FWP
Free writing prospectus
19 Jan 21
424B2
Prospectus for primary offering
19 Jan 21
424B2
Prospectus for primary offering
13 Jan 21
25-NSE
Exchange delisting
15 Dec 20
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEFA14A
Additional proxy soliciting materials
16 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
DEFA14A
Additional proxy soliciting materials
2 Apr 19
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEFA14A
Additional proxy soliciting materials
18 Mar 19
DEFA14A
Additional proxy soliciting materials
13 Mar 19
DEFA14A
Additional proxy soliciting materials
13 Mar 19
Other
EFFECT
Notice of effectiveness
20 Jul 20
CORRESP
Correspondence with SEC
16 Jul 20
UPLOAD
Letter from SEC
14 Jun 20
EFFECT
Notice of effectiveness
26 Feb 20
CORRESP
Correspondence with SEC
23 Feb 20
CORRESP
Correspondence with SEC
20 Feb 20
CORRESP
Correspondence with SEC
18 Feb 20
UPLOAD
Letter from SEC
3 Feb 20
EFFECT
Notice of effectiveness
8 Apr 19
EFFECT
Notice of effectiveness
15 Mar 19
Ownership
4
WELLS FARGO & COMPANY / Jonathan G. Weiss ownership change
25 Feb 21
4
WELLS FARGO & COMPANY / Petros G Pelos ownership change
25 Feb 21
4
WELLS FARGO & COMPANY / Mary T Mack ownership change
25 Feb 21
4
WELLS FARGO & COMPANY / Derek A. Flowers ownership change
25 Feb 21
SC 13D/A
PIONEER MUNICIPAL HIGH INCOME TRUST / WELLS FARGO & COMPANY ownership change
18 Feb 21
SC 13D/A
PIONEER MUNICIPAL HIGH INCOME ADVANTAGE TRUST / WELLS FARGO & COMPANY ownership change
18 Feb 21
4
PIONEER MUNICIPAL HIGH INCOME TRUST / FARGO & COMPANY/MN WELLS ownership change
18 Feb 21
4
PIONEER MUNICIPAL HIGH INCOME ADVANTAGE TRUST / FARGO & COMPANY/MN WELLS ownership change
18 Feb 21
SC 13G/A
SWISS HELVETIA FUND / WELLS FARGO & COMPANY ownership change
12 Feb 21
SC 13G/A
SWISS HELVETIA FUND / WELLS FARGO & COMPANY ownership change
12 Feb 21
Transcripts
2020 Q3
Earnings call transcript
14 Oct 20
2020 Q2
Earnings call transcript
14 Jul 20
2020 Q1
Earnings call transcript
14 Apr 20
2019 Q3
Earnings call transcript
15 Oct 19
2019 Q2
Earnings call transcript
16 Jul 19
2019 Q1
Earnings call transcript
12 Apr 19
2018 Q4
Earnings call transcript
15 Jan 19
2018 Q3
Earnings call transcript
12 Oct 18
2018 Q2
Earnings call transcript
13 Jul 18
2018 Q1
Earnings call transcript
13 Apr 18
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