Wells Fargo: Key Facts
- Founded: 1852 by Henry Wells and William Fargo.
- Headquarters: San Francisco, California.
- CEO: Charles W. Scharf.
- FY2025 total revenue: $83.699 billion.
- FY2025 net income: $21.3 billion.
- Employees: approximately 205,000 active employees.
How Wells Fargo Makes Money
Wells Fargo makes money from net interest income on loans and deposits, deposit and card fees, mortgage banking, investment advisory fees, brokerage, trading, commercial banking, and wealth-management services.
What Makes Wells Fargo Competitive
The company benefits from deposit scale, branch reach, customer relationships, commercial banking, wealth management, and a large U.S. franchise. Its central challenge is sustaining growth while maintaining strong risk controls and trust.
