Wells Fargo is a multinational financial services company that makes up one of the ‘Big Four’ banks in the US. It was founded in 1929 with corporate headquarters in San Francisco and operational headquarters in New York City. It’s one of the largest US banks by total assets and market capitalisation, boasting a customer base of more than 70 million worldwide. Wells Fargo is considered a systematically important financial institution (SIFI) by the Financial Stability Board. Examples of products and services include corporate and investment banking, asset management, credit cards, insurance, private equity, mortgage loans, trading of equities and mutual funds, and wealth management. It also owns several subsidiaries such as Wells Fargo Advisors and Norwest Venture Partners. The business operates in over 35 countries with 13,000 ATMs in 7,000 locations worldwide. Wells Fargo stock is listed on the New York Stock Exchange and is a constituent of the S&P 500 and Russell 1000 indices. Start spread betting or trading CFDs on our Wells Fargo share price. See also Admiral Group
(LSE:ADM), Pershing Square Holdings
(LSE:PSHD), Saga Group
(LSE:SAGA), Schroders
(LSE:SDR), Standard Chartered
(LSE:STAN).