NYSE: WFCWells Fargo & Company Statistics & Facts
Key Wells Fargo & Company facts
- Founded
- 1929
- Headquarters
- San Francisco, California
- Founders
- Henry Wells, William Fargo
- IPO Date
- 1978-10-06
Wells Fargo & Company Customer & Service Statistics
Wells Fargo & Company Retail Bank Branches
How many Wells Fargo branches are there?
Wells Fargo & Company Digital Active Consumers
How many people use Wells Fargo's online services?
34.8 million people use Wells Fargo's online banking services. [1]
Date: Feb 20, 2024
Wells Fargo & Company Mobile Active Customers
How many people use Wells Fargo's mobile app and services?
29.9 million people use Wells Fargo's mobile banking services, including the app. [1]
Date: Feb 20, 2024
Wells Fargo & Company Debit Card Purchase Volume
How much do Wells Fargo debit card users spend?
Wells Fargo debit card holders spent $492.8 billion in 2023, up from $486.6 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Debit Card Purchase Transactions
How many times do Wells Fargo debit card holders use their cards?
People used Wells Fargo debit cards 10 billion times in 2023, up from 9.852 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Overdraft Fee Income
How much does Wells Fargo Bank make on overdraft fees?
Wells Fargo made $1.97 billion from overdraft fees in 2019. [3]
Date: Feb 27, 2020
Wells Fargo & Company Revenue Breakdown
Wells Fargo & Company Revenue by Source
How does Wells Fargo make money?
Source:Wells Fargo
Deposit and lending-related fees
$6.14B
Investment advisory and other asset-based fees
$8.67B
Commissions and brokerage services fees
$2.38B
Investment banking fees
$1.65B
Card fees
$4.26B
Mortgage banking
$829.00M
Wells Fargo made $829 million from mortgages in 2023, down from $1.383 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Revenue by Segment
Which business segment earns the most for Wells Fargo?
Source:Wells Fargo
Consumer banking and lending
$37.92B
Commercial banking
$13.45B
Corporate and investment banking
$19.19B
Wealth and investment management
$14.69B
Wells Fargo made $37.919 billion from consumer banking and lending in 2023, up from $35.81 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Expense Statistics
Wells Fargo & Company Total Expenses
How much does Wells Fargo spend on operations every year?
Wells Fargo & Company Expenses by Segment
Wells Fargo statistics breaking down the company's annual operating expenses by operational segment.
Source:Wells Fargo
Consumer banking and lending
$24.02B
Commercial banking
$6.56B
Corporate and investment banking
$8.62B
Wealth and investment management
$12.06B
Wells Fargo spent $12.064 billion within its Wealth and Investment Management segment in 2023, up from $11.613 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Advertising Spend
How much does Wells Fargo spend on advertising and promotion?
Wells Fargo spent $812 million on advertising and promotion in 2023, up from $505 million in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Expenses by Type
Wells Fargo statistics breaking down the company's annual expenses by type.
Source:Wells Fargo
Personnel
$35.83B
Technology, telecommunications and equipment
$3.92B
Occupancy
$2.88B
Professional and outside services
$5.09B
Operating losses
$1.18B
Wells Fargo spent $35.829 billion on personnel, including paying salaries, in 2023, up from $34.34 billion in 2022. [1]
Date: Feb 20, 2024
Wells Fargo & Company Employee Statistics
Wells Fargo & Company Employees
How many employees does Wells Fargo have?
226,000 people were employed by Wells Fargo at the end of 2023, down from 238,000 in 2022. [5]
Date: Feb 20, 2024
79% of Wells Fargo's employees are based in the U.S. [5]
Date: Feb 20, 2024
53% of Wells Fargo employees in the U.S. are white. [5]
Date: Feb 20, 2024
51% of Wells Fargo employees are women. [5]
Date: Feb 20, 2024
Wells Fargo & Company Employees by Segment
Wells Fargo statistics breaking down the company's workforce by segment/department.
Source:Wells Fargo
Consumer banking and lending
112,913
Commercial banking
18,397
Corporate and investment banking
8489
Wealth and investment management
25,906
Corporate
83,730
83,730 of Wells Fargo's 249,435 employees at the end of 2021 worked in its corporate division. [6]
Date: Feb 22, 2022
Sources
1.
Wells Fargo 2023 Annual Report
https://www.wellsfargo.com/assets/pdf/about/investor-relations/sec-filings/2023/exhibit-13.pdfDate: Feb 20, 2024
2.
3.
Wells Fargo 2019 Annual Report
https://www.wellsfargo.com/assets/pdf/about/investor-relations/sec-filings/2019/exhibit-13.pdfDate: Feb 27, 2020
4.
Wells Fargo 2009 Annual Report
https://qjubs3y9ggo1neukf3sc81r19vv-wpengine.netdna-ssl.com/assets/pdf/annual-reports/2009-annual-report.pdfDate: Feb 26, 2010
5.
Wells Fargo 2023 Annual Report
https://www.wellsfargo.com/assets/pdf/about/investor-relations/sec-filings/2023/10k.pdfDate: Feb 20, 2024
6.
Wells Fargo 2021 Annual Report
https://www.wellsfargo.com/assets/pdf/about/investor-relations/sec-filings/2021/exhibit-13.pdfDate: Feb 22, 2022
7.
8.
Los Angeles Times
https://www.latimes.com/archives/la-xpm-1996-01-25-mn-28595-story.htmlDate: Jan 25, 1996
9.
10.
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.