# Wells Fargo

> Wells Fargo is a diversified U.S. financial-services company that serves households, small businesses, middle-market companies and institutions through consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management. Founded in 1852, it combines a large branch and ATM footprint with mobile banking used by more than 33 million active customers, and reported approximately $2.3 trillion in assets in July 2026.

- **Founded:** 1852
- **Headquarters:** San Francisco, United States
- **Founders:** Henry Wells (Co-founder), William G. Fargo (Co-founder)
- **Team size:** Approximately 205,000 employees
- **Products:** Consumer banking, Consumer lending, Fargo virtual assistant, Small business and commercial banking, Corporate and investment banking
- **Notable:** Founded in 1852 and built an early network for banking and secure express delivery across the United States., Reported $83.7 billion in revenue and $21.3 billion in net income for 2025., The Federal Reserve removed the 2018 asset-growth restriction in June 2025.

## Products & services

- **Consumer banking** — Checking, savings, CDs, debit cards, digital banking, branches, ATMs and payments for individuals and families.
- **Consumer lending** — Credit cards, auto finance, personal loans, home lending and home equity products.
- **Fargo virtual assistant** — An AI-powered assistant inside the mobile app that can answer questions and help complete everyday banking tasks.
- **Small business and commercial banking** — Deposits, treasury management, payments, credit, equipment finance and industry expertise for small and middle-market businesses.
- **Corporate and investment banking** — Lending, advisory, capital markets, markets, payments and risk-management services for corporations, governments and institutions.
- **Wealth and investment management** — Brokerage, financial advice, private wealth, investment products, trust and estate services through Wells Fargo Advisors and related businesses.
- **Wells Fargo Vantage** — A digital commercial-banking platform for managing accounts, moving money and automating payments.
- **Autograph and Active Cash cards** — Rewards credit-card products designed around travel, everyday spending and simple cash rewards.

## Achievements

- Founded in 1852 and built an early network for banking and secure express delivery across the United States.
- Reported $83.7 billion in revenue and $21.3 billion in net income for 2025.
- The Federal Reserve removed the 2018 asset-growth restriction in June 2025.
- The Federal Reserve terminated the remaining 2018 enforcement action in March 2026.
- Surpassed 33 million mobile active customers in February 2026.
- Fargo surpassed one billion customer interactions in less than three years by March 2026.
- Reported approximately $2.3 trillion in assets in July 2026.
- Ranked No. 38 on the 2026 Fortune 500, according to the company's July 2026 newsroom release.

## Latest updates

- **2026-07** — Reported second-quarter net income of $6.4 billion, diluted EPS of $2.00, revenue of approximately $22.6 billion and assets of approximately $2.3 trillion.
- **2026-07** — Introduced AI Teammate, an AI-powered support experience for financial advisors.
- **2026-06** — Completed the 2026 stress test and announced an intention to raise the quarterly common dividend by 11% to $0.50, subject to board approval.
- **2026-03** — Announced more than one billion Fargo interactions and more than 33 million mobile active customers.
- **2026-03** — The Federal Reserve terminated its remaining 2018 enforcement action.
- **2025-06** — The Federal Reserve removed the asset-growth restriction imposed in 2018.

## Links

- Website: https://www.wellsfargo.com/
- LinkedIn: https://www.linkedin.com/company/wellsfargo
- Twitter/X: https://x.com/WellsFargo
- YouTube: https://www.youtube.com/user/wellsfargo
- Instagram: https://www.instagram.com/wellsfargo/
- Facebook: https://www.facebook.com/wellsfargo/

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Last updated: 2026-08-11