Wells Fargo & Co. (WFC)

Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. It provides a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through its four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. In the communities it serves, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

Company profile

Ticker

WFC, WFC+Z, WFC+A, WFC+C, WFC+D

Exchange

NYSE

Website

www.wellsfargo.com

CEO

Charles Scharf

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp • Santander Holdings USA ...

Former names

NORWEST CORP, WELLS FARGO & CO/MN

SEC CIK

0000072971

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

EVEREN Capital Corporation • Norwest Venture Partners XII, LP • Norwest Venture Partners XIII, LP • Norwest Venture Partners XIV, LP • Norwest Venture Partners XV, LP • NVP Associates, LLC • Omniplus Capital Corporation • Peony Asset Management, Inc. • Silver Asset Management, Inc. • Wells Fargo Clearing Services, LLC ...

IRS number

410449260

WFC stock data

1M 1Y 5Y

News

From Benzinga Pro

Check Out What Whales Are Doing With Wells Fargo

11 Aug 22

A whale with a lot of money to spend has taken a noticeably bullish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 25 strange trades.

Wells Fargo's Ex-Dividend Date Is Thursday, Here's What You Need To Know

1 Aug 22

Wednesday marks the last chance for investors to receive the next dividend payout from Wells Fargo (NYSE:WFC).

Wells Fargo Whale Trades For July 29

29 Jul 22

A whale with a lot of money to spend has taken a noticeably bullish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 11 strange trades.

Check Out What Whales Are Doing With WFC

28 Jul 22

'Goldman Sachs, BlackRock, JPMorgan, Morgan Stanley and Wells Fargo have been banned from doing business with West Virginia because the Wall Street firms are trying to reduce their dealings with the coal industry.' -NYT Report

28 Jul 22

Press releases

From Benzinga Pro

LAWSUITS FILED AGAINST WFC, KRBP and LFST - Jakubowitz Law Pursues Shareholders Claims

18 Aug 22

NEW YORK, NY / ACCESSWIRE / August 18, 2022 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares

Upcoming Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds Wells Fargo & Company (WFC) Investors of Class Action and Encourages Investors to Actively Participate

18 Aug 22

NEW YORK, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Wells Fargo & Company ("Wells

WFC LAWSUIT ALERT: Levi & Korsinsky Notifies Wells Fargo & Company Investors of a Class Action Lawsuit and Upcoming Deadline

18 Aug 22

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE:WFC) of a class action securities lawsuit.

WELLS FARGO & COMPANY (WFC) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Wells Fargo & Company (WFC)

18 Aug 22

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of WFC, U and ENOB

17 Aug 22

Analyst ratings and price targets

Last 3 months

Average target

$53.17

Low target

$45.00

High target

$62.00

Investment data

Data from SEC filings

Top 50 of 7243 long holdings End of quarter 30 Jun 22	Value	#Shares
MSFT Microsoft Corp	$9.85B	38.36M
AAPL Apple Inc	$8.85B	64.77M
SPY SPDR S&P 500 Etf TR	$6.53B	17.31M
Ishares TR (CORE S&P500 ETF)	$6.22B	16.4M
Vanguard Index FDS	$5.81B	29.47M
Ishares TR (CORE US AGGBD ET)	$5.64B	55.43M
Ishares TR (CORE S&P TTL STK)	$4.23B	50.54M
UNH Unitedhealth Group Inc	$4.02B	7.84M
JNJ Johnson & Johnson	$3.57B	20.13M
Ishares TR (RUSSELL 2000 ETF)	$3.57B	21.09M
Ishares Inc	$3.06B	62.38M
JPM Jpmorgan Chase & Co	$2.92B	25.91M
AMZN Amazon Com Inc	$2.8B	26.33M
Ishares TR (RUS MID CAP ETF)	$2.57B	39.82M
Ishares TR (CORE S&P MCP ETF)	$2.48B	10.95M
Vanguard Tax-managed Intl FD	$2.43B	59.47M
GOOG Alphabet Inc (CAP STK CL C)	$2.37B	1.08M
Vanguard Intl Equity Index F	$2.3B	55.22M
Goldman Sachs Etf TR	$2.29B	30.56M
PG Procter and Gamble Co	$2.28B	15.85M
CVX Chevron Corp New	$2.09B	14.42M
GOOG Alphabet Inc (CAP STK CL A)	$2.07B	947.77K
CSCO Cisco Sys Inc	$2.03B	47.64M
NEE Nextera Energy Inc	$2.03B	26.19M
PEP Pepsico Inc	$2.02B	12.12M
HD Home Depot Inc	$1.98B	7.22M
LOW Lowes Cos Inc	$1.96B	11.2M
MCD Mcdonalds Corp	$1.96B	7.92M
ABT Abbott Labs	$1.87B	17.17M
AMGN Amgen Inc	$1.83B	7.51M
MRK Merck & Co Inc	$1.74B	19.1M
Ishares TR (CORE S&P SCP ETF)	$1.74B	18.78M
QQQ Invesco QQQ TR	$1.74B	6.19M
ADP Automatic Data Processing In	$1.73B	8.23M
Invesco Actvely MNGD Etc FD	$1.71B	94.92M
ACN Accenture PLC Ireland	$1.65B	5.93M
CMCSA Comcast Corp New	$1.59B	40.5M
BLK Blackrock Inc	$1.59B	2.61M
TGT Target Corp	$1.52B	10.79M
V Visa Inc	$1.52B	7.72M
STT Select Sector SPDR TR (TECHNOLOGY)	$1.52B	11.93M
COST Costco WHSL Corp New	$1.46B	3.05M
STT Select Sector SPDR TR (FINANCIAL)	$1.45B	46.08M
IBB Ishares TR	$1.44B	30.86M
IBB Ishares TR	$1.43B	16.74M
VZ Verizon Communications Inc	$1.42B	28.03M
ABBV Abbvie Inc	$1.41B	9.23M
PSX Phillips 66	$1.39B	16.95M
Vanguard Specialized Funds	$1.39B	9.68M
GD General Dynamics Corp	$1.39B	6.26M

Wells Fargo & Co. holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

1 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart WFC financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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)	155.14B	155.14B	155.14B	155.14B	155.14B	155.14B
Cash burn (monthly)	15.59B	9.92B	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	25.7B	16.36B	n/a	n/a	n/a	n/a
Cash remaining	129.44B	138.78B	n/a	n/a	n/a	n/a
Runway (months of cash)	8.3	14.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

WFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Jul 22	Owens Lester	Common Stock, $1 2/3 Par Value	Payment of exercise	Dispose F	No	No	43.71	44,589.887	1.95M	91,383
27 Jul 22	Owens Lester	Common Stock, $1 2/3 Par Value	Option exercise	Acquire M	No	No	0	87,343.887	0	135,972.887
27 Jul 22	Owens Lester	Restricted Share Right Common Stock, $1 2/3 Par Value	Option exercise	Dispose M	No	No	0	87,343.887	0	87,342.855
1 Jul 22	Black Steven D	Phantom Stock Units Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	39.92	2,191.884	87.5K	28,723.786
1 Jul 22	Mark A Chancy	Phantom Stock Units Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	39.92	782.816	31.25K	9,683.874
1 Jul 22	Clark Celeste A.	Phantom Stock Units Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	39.92	587.112	23.44K	32,426.29
1 Jul 22	Hewett Wayne M.	Phantom Stock Units Common Stock, $1 2/3 Par Value	Grant	Acquire A	No	No	39.92	782.816	31.25K	34,005.747

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

Institutional ownership, Q2 2022

WFC institutional ownership history Ownership history

71.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1907	2082	-8.4%
Opened positions	90	190	-52.6%
Closed positions	265	136	+94.9%
Increased positions	711	808	-12.0%
Reduced positions	804	791	+1.6%

13F shares	Current	Prev Q	Change
Total value	105.7B	131.99B	-19.9%
Total shares	2.7B	2.72B	-0.8%
Total puts	61.08M	71.52M	-14.6%
Total calls	44.04M	50.51M	-12.8%
Total put/call ratio	1.4	1.4	-2.0%

Largest owners	Shares	Value	Change
Vanguard	322.9M	$12.65B	+0.1%
BLK Blackrock	266.33M	$10.43B	-3.3%
FMR	178.89M	$7.01B	-2.1%
STT State Street	160.97M	$6.31B	-8.9%
Dodge & Cox	123.28M	$4.83B	-0.5%
TROW T. Rowe Price	87.37M	$3.42B	+23.4%
JPM JPMorgan Chase & Co.	86.63M	$3.39B	+25.2%
Capital World Investors	69.95M	$2.74B	+29.9%
Geode Capital Management	66.53M	$2.6B	+2.7%
Primecap Management	48.83M	$1.91B	-1.0%

Largest transactions	Shares	Bought/sold	Change
LGEN Legal & General	0	-23.07M	EXIT
AMP Ameriprise Financial	39.33M	+18.65M	+90.2%
JPM JPMorgan Chase & Co.	86.63M	+17.42M	+25.2%
TROW T. Rowe Price	87.37M	+16.55M	+23.4%
Capital World Investors	69.95M	+16.1M	+29.9%
STT State Street	160.97M	-15.67M	-8.9%
Altshuler Shaham	10.56M	+10.49M	+13982.9%
Parametric Portfolio Associates	0	-10.22M	EXIT
BLK Blackrock	266.33M	-9.21M	-3.3%
MS Morgan Stanley	26.07M	+7.7M	+41.9%

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.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: AOCI, diversity, extinguished, fronting, hiring, intrinsic, lag, launch, machinery, manufacturing, moderate, overdraft, physical, suspension, swap, versa, vice, warehouse, weakening

Removed: buyer, cancelable, Dore, exposed, extend, Hernandez, improved, Liguori, limiting, Moody, Ohio, partial, Pennsylvania, population, refund, Ryder, Washington, Western

From filing 10-Q 2022 Q2

Financial reports

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