Wells Fargo & Company is a diversified financial services company that provides a wide range of banking, investment, and financial products and services to individuals, businesses, and institutions . The company operates through four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management . These segments offer various financial solutions, including checking and savings accounts, loans, credit and debit cards, investment banking, and wealth management services .
- Consumer Banking and Lending - Offers financial products and services such as checking and savings accounts, credit and debit cards, and various types of loans to consumers and small businesses with annual sales up to $10 million .
- Corporate and Investment Banking - Delivers capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients globally, including corporate banking, investment banking, and trading services .
- Wealth and Investment Management - Provides personalized wealth management, brokerage, financial planning, and private banking services to affluent clients .
- Commercial Banking - Provides financial solutions to private, family-owned, and certain public companies, including banking and credit products, secured lending, and treasury management .
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Barry Sommers Executive | SEVP and CEO of Wealth & Investment Management | None | Barry Sommers has been with WFC since June 2020, leading Wealth & Investment Management. | |
Bei Ling Executive | SEVP and Head of Human Resources | None | Bei Ling is the Head of Human Resources at WFC. | |
Charles W. Scharf Executive | CEO and President | Board Member at Microsoft Corporation | Charles W. Scharf has been CEO and President of WFC since October 2019, focusing on risk management and digital transformation. | |
Derek A. Flowers Executive | SEVP and Chief Risk Officer | None | Derek A. Flowers has been with WFC for 25 years, serving as Chief Risk Officer since January 2022. | |
Ellen R. Patterson Executive | SEVP and General Counsel | None | Ellen R. Patterson is the General Counsel of WFC. | |
Fernando Rivas Executive | CEO of Corporate & Investment Banking | None | Fernando Rivas became the sole CEO of Corporate & Investment Banking in January 2025. | |
Kleber R. Santos Executive | SEVP and CEO of Consumer Lending | None | Kleber R. Santos is the CEO of Consumer Lending at WFC. | |
Kristy Fercho Executive | SEVP, Head of Diverse Segments, Representation & Inclusion | None | Kristy Fercho joined WFC in July 2020, previously leading Home Lending. | |
Kyle G. Hranicky Executive | SEVP and CEO of Commercial Banking | None | Kyle G. Hranicky is the CEO of Commercial Banking at WFC. | |
Michael P. Santomassimo Executive | SEVP and Chief Financial Officer | None | Michael P. Santomassimo is the CFO of WFC. | |
Muneera S. Carr Executive | EVP, Chief Accounting Officer, and Controller | None | Muneera S. Carr joined WFC in March 2020, previously serving as EVP and Controller. | |
Saul Van Beurden Executive | SEVP and CEO of Consumer & Small Business Banking | None | Saul Van Beurden became CEO of Consumer & Small Business Banking in May 2023, previously Head of Technology. | |
Scott E. Powell Executive | SEVP and Chief Operating Officer | None | Scott E. Powell is the COO of WFC. | |
Tracy Kerrins Executive | SEVP and Head of Technology | None | Tracy M. Kerrins is the Head of Technology at WFC. | |
William M. Daley Executive | Vice Chairman of Public Affairs | None | William M. Daley has been with WFC since November 2019, focusing on public affairs. | |
CeCelia G. Morken Board | Director | Board Member at Alteryx, Inc., Genpact Ltd | CeCelia G. Morken has been a director at WFC since April 2022, with roles in audit and compensation committees. | |
Maria R. Morris Board | Director | Director at S&P Global Inc., The Allstate Corporation | Maria R. Morris has been a director at WFC since January 2018, with experience in strategic planning and risk management. | |
Ronald L. Sargent Board | Director | Board Member at Five Below, Inc., Lead Director at The Kroger Co. | Ronald L. Sargent has been a director at WFC since February 2017, with a background in retail leadership and governance. | |
Suzanne M. Vautrinot Board | Director | President of Kilovolt Consulting, Inc., Board Member at CSX Corporation, Ecolab Inc., Parsons Corporation | Suzanne M. Vautrinot has been a director at WFC since February 2015, with a focus on cybersecurity and risk management. | |
Theodore F. Craver Jr. Board | Director | Independent Lead Director at Duke Energy Corporation | Theodore F. Craver Jr. has been a director at WFC since January 2018, with extensive experience in risk management and corporate governance. | |
Wayne M. Hewett Board | Director | Senior Advisor at Permira, Board Chair at Cambrex Corporation, Quotient Sciences | Wayne M. Hewett has been a director at WFC since January 2019, with expertise in risk management and strategic operations. |
-
Given that the asset cap has constrained your ability to grow in areas like wholesale deposits and market financing, how will its removal specifically impact your growth strategy, and what steps are you taking now to prepare for this transition?
-
With the recent OCC consent order related to anti-money laundering and KYC compliance disclosed in your 10-Q, how do you plan to address these issues without significantly increasing expenses, and what measures are you implementing to prevent future compliance lapses?
-
Your trading gains have exceeded $1 billion per quarter, but given the inherent volatility in market conditions, what strategies are you employing to ensure the sustainability of these revenues, and what key risks could impact future performance in this area?
-
The securities repositioning had minimal impact on net interest income in the third quarter but is expected to contribute more in the fourth quarter; can you quantify the anticipated benefit to net interest income from this action, and how does this align with your broader interest rate risk management strategy?
-
You've repurchased $15.5 billion in shares year-to-date and remain well above regulatory capital minimums; how are you balancing capital returns with potential economic uncertainties, and should we expect the current pace of buybacks to continue in the coming quarters?
Research analysts who have asked questions during WELLS FARGO & COMPANY/MN earnings calls.
Betsy Graseck
Morgan Stanley
5 questions for WFC
Ebrahim Poonawala
Bank of America Securities
5 questions for WFC
Erika Najarian
UBS
5 questions for WFC
Gerard Cassidy
RBC Capital Markets
5 questions for WFC
John Pancari
Evercore ISI
5 questions for WFC
John McDonald
Truist Securities
3 questions for WFC
Matthew O'Connor
Deutsche Bank
3 questions for WFC
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for WFC
David Long
Raymond James Financial, Inc.
2 questions for WFC
Ken Usdin
Autonomous Research
2 questions for WFC
Matt O'Connor
Deutsche Bank
2 questions for WFC
Robert Siefers
Piper Sandler & Co.
2 questions for WFC
R. Scott Siefers
Piper Sandler Companies
2 questions for WFC
Saul Martinez
HSBC
2 questions for WFC
Kenneth Usdin
Jefferies
1 question for WFC
Steven Chubak
Wolfe Research
1 question for WFC
Vivek Juneja
JPMorgan Chase & Co.
1 question for WFC
Recent press releases and 8-K filings for WFC.
- Wells Fargo analyst Timur Braziler downgraded Western Alliance Bancorporation from “Equal-Weight” to Underweight and raised the price target to $90.00 from $85.00, reflecting caution amid higher valuation.
- He also downgraded Bank of N.T. Butterfield from Overweight to “Equal-Weight” and lowered its price target to $50.00 from $54.00, citing concerns over potential interest rate cuts and an inflated balance sheet.
- Bank of N.T. Butterfield operates in Bermuda, the Cayman Islands, and the UK, providing retail and corporate banking and wealth management, with 3-year revenue growth of 8.4% and a strong net margin.
- Other analysts remain optimistic on Western Alliance, with TD Cowen initiating a Buy rating (PT $118.00), Citigroup Buy (PT $104.00), and Piper Sandler Overweight (PT $105.00).
- On September 15, 2025, Wells Fargo & Company issued $1.5 billion of Series Y senior redeemable fixed-to-floating notes due September 15, 2029, with an initial fixed rate of 4.078% and thereafter Compounded SOFR + 0.88%.
- Concurrently, it issued $750 million of Series Y senior redeemable floating-rate notes due September 15, 2029, at Compounded SOFR + 0.88%.
- It also issued $1.75 billion of Series Y senior redeemable fixed-to-floating notes due September 15, 2036, with an initial fixed rate of 4.892% and thereafter Compounded SOFR + 1.34%.
- This Form 8-K files the note forms (Exhibits 4.1–4.3) and the legal opinion of Faegre Drinker Biddle & Reath LLP (Exhibit 5.1) in connection with the issuances.
- Wells Fargo & Company filed an 8-K on August 28, 2025 to announce the establishment of the Medium-Term Note Program, Series Y and Subordinated Medium-Term Note Program, Series Z.
- The Company filed the Distribution Agreement dated August 28, 2025 as Exhibit 1.1, detailing terms for issuance and sale of the Notes through appointed agents (including Wells Fargo Securities, LLC).
- Series Y Notes will be issued under the senior indenture dated February 21, 2017, and Series Z Notes under the subordinated indenture dated February 23, 2017, pursuant to the Form S-3 shelf registration (No. 333-287868).
- The report was signed by Bryant Owens, Senior Vice President and Assistant Treasurer of Wells Fargo & Company.
- Federal Reserve Chair Powell is expected to refrain from pre-committing to a September rate move to keep the committee’s options open amid mixed data and member disagreements
- Wells Fargo’s base case remains a September rate cut followed by two more 25 basis point cuts before year-end, contingent on continued labor market softening
- Powell may use his Jackson Hole speech to unveil policy framework changes, reverting to symmetric inflation targeting around 2% and emphasizing employment deviations in both directions
- The Fed is likely to downplay balance sheet normalization as a policy tool, quietly allowing assets to mature and roll off without making it a focal point
- The board will name CEO Charlie Scharf as chairman, recognizing his leadership in transforming the bank since 2019.
- Scharf will receive a $30 million one-time equity award comprising restricted share rights and over 1 million stock options vesting in July 2029, 2030, and 2031 at an $82.65 exercise price.
- A Lead Independent Director will be appointed to ensure continued independent oversight after Scharf assumes the chair role.
- Under Scharf’s tenure, Wells Fargo removed its $1.95 trillion asset cap, strengthened risk controls, and delivered $81.7 billion revenue (6.4% YoY growth) and $5.84 EPS (16.3% YoY increase) in the latest period.
- The Board intends to appoint Charlie Scharf as Chairman and will name a Lead Independent Director to preserve independent oversight.
- The Board awarded Scharf a one-time equity grant of $30 million in Restricted Share Rights and 1,046,000 Stock Options, vesting pro rata on the fourth, fifth and sixth anniversaries of the July 29, 2025 grant date.
- The award and leadership change recognize Scharf’s role in driving Wells Fargo’s transformation, including significant shareholder value creation, enhanced risk and control infrastructure, key regulatory milestone terminations, and strong financial performance.
- Board approved a quarterly dividend of $0.45 per share, payable Sept. 1, 2025, to shareholders of record on Aug. 8, 2025.
- This represents a $0.05 per share (12.5%) increase from the prior quarter.
- Wells Fargo holds approximately $2.0 trillion in assets and operates across four reportable segments.
- On July 29, 2025, Wells Fargo & Company issued $1.5 billion in Medium-Term Notes, Series W, senior redeemable fixed-to-floating rate notes due April 23, 2031.
- Notes initially carry a fixed rate until April 23, 2031, thereafter resetting to a floating rate based on Compounded SOFR.
- Redemption provisions include a par call on April 23, 2030 and a make-whole option at a 0.20% spread over the Treasury Rate.
- Faegre Drinker Biddle & Reath LLP provided a legal opinion confirming that, upon execution and delivery, the notes are valid and enforceable obligations of the company.
- US stocks hit record highs as over 20% of S&P 500 firms begin reporting earnings this week.
- Wells Fargo predicts a double-digit rise in the S&P 500 during H2 2025, led by Big Tech strength.
- Strategists expect markets to keep rallying despite tariff uncertainty under President Trump.
- Key catalysts include earnings from Coca-Cola and General Motors and Fed Chair Jerome Powell’s upcoming remarks.
- Year-to-date in 2025, Overland Advantage financed nine new transactions, arranging $2.0 billion in capital for middle market companies.
- Since beginning investments in Q2 2024, Overland and Wells Fargo have completed 16 transactions totaling $4.8 billion, with Overland independently structuring and leading approximately 95% of its credit facilities.
- The platform leverages a strategic relationship between Centerbridge Partners and Wells Fargo to deliver flexible, cost-effective financing alongside treasury and banking products.