Wells Fargo & Company (NYSE:WFC) is a diversified financial services company that provides banking, lending, investment, and wealth management services to consumers, businesses, and institutions. Its offerings include checking and savings accounts, credit cards, mortgages, auto loans, personal lending, commercial financing, and treasury management services.
The company operates through businesses that include consumer and small-business banking, commercial banking, corporate and investment banking, and wealth and investment management. Wells Fargo serves customers primarily across the United States through branches, automated teller machines, digital banking platforms, and other distribution channels, while also maintaining capabilities to support international corporate and institutional clients.
Wells Fargo traces its origins to 1852, when Wells, Fargo & Co. was established to provide banking and express services during the expansion of the American West. The modern company was formed through a series of mergers, including its 1998 combination with Norwest and its 2008 acquisition of Wachovia. Wells Fargo is headquartered in San Francisco and is led by President and Chief Executive Officer Charlie Scharf.
