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Diversified Financial Services
FINANCIAL | Retail Banking
wellsfargo.com

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Investments

142

Portfolio Exits

55

Funds

3

Partners & Customers

10

Service Providers

2

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) provides retail, commercial, and corporate banking services primarily in the United States. The company also operates Community Banking, Wholesale Banking and Wealth, Brokerage, and Retirement.

Wells Fargo & Company Headquarter Location

420 Montgomery Street

San Francisco, California, 94104,

United States

866-249-3302

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Expert Collections containing Wells Fargo & Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Wells Fargo & Company in 2 Expert Collections, including Blockchain.

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Blockchain

160 items

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Wells Fargo & Company Web Traffic

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Latest Wells Fargo & Company News

Wells Fargo Stock (WFC): Why The Price Went Up Today

Jan 14, 2022

The stock price of Wells Fargo & Company (NYSE: WFC) increased by over 3% during intraday trading today. This is why it happened. The stock price of Wells Fargo & Company (NYSE: WFC) increased by over 3% during intraday trading today. Investors are responding positively to the company’s fourth-quarter results. The company reported a fourth-quarter profit of $5.75 billion ($1.38 per share) compared to $3.09 billion ($0.66 per share) in the same period a year ago. The company revenue increased to $20.86 billion from $18.49 billion. KEY QUOTES: “As I look back on my slightly more than two years at Wells Fargo, I’m incredibly proud of what our team has accomplished as we remake this incredible franchise. We have made sweeping changes to the leadership and culture, made significant progress on our risk, regulatory, and control work, improved the efficiency of the company while investing in our business in a more holistic and aggressive way, and have taken a different approach to our customer- and community-facing responsibilities as a large public company. And those on the front lines have worked fearlessly and tirelessly to support our customers through incredibly difficult circumstances.” “In 2021, we improved our financial returns, including reducing our expenses and returning a significant amount of excess capital to our shareholders by increasing our dividend and repurchasing $14.5 billion of common stock. We also had strong deposit growth and while loan demand was weak early in the year, loans grew 5% in the second half with growth in both our consumer and commercial portfolios. As the economy continued to recover we saw increased consumer spending, higher investment banking fees, higher asset-based fees in our Wealth and Investment Management business, and strong equity gains in our affiliated venture capital and private equity businesses. We continued to manage credit well and the strong economic environment helped reduce charge-offs to historical lows and our results benefitted from reductions in our allowance for credit losses.” “The changes we’ve made to the company and continued strong economic growth prospects make us feel good about how we are positioned entering 2022. But we also remain cognizant that we still have a multiyear effort to satisfy our regulatory requirements – with setbacks likely to continue along the way – and we continue our work to put exposures related to our historical practices behind us.” “As we look forward, we will continue to be aggressive in driving progress and improvement in our performance, embrace our responsibility to our customers and communities, and I remain incredibly optimistic about our future.” — Chief Executive Officer Charlie Scharf Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

Wells Fargo & Company Investments

142 Investments

Wells Fargo & Company has made 142 investments. Their latest investment was in Growve as part of their Line of Credit - III on January 1, 2022.

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Wells Fargo & Company Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/4/2022

Line of Credit - III

Growve

$205M

No

Bank of America, Truist, and Undisclosed Investors

2

12/1/2021

Grant

CDC Small Business Finance

Yes

1

12/1/2021

Grant - II

Capital Impact

Yes

1

10/27/2021

Series B

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$99M

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10

10/26/2021

Line of Credit

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$99M

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10

Date

1/4/2022

12/1/2021

12/1/2021

10/27/2021

10/26/2021

Round

Line of Credit - III

Grant

Grant - II

Series B

Line of Credit

Company

Growve

CDC Small Business Finance

Capital Impact

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Amount

$205M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Bank of America, Truist, and Undisclosed Investors

Sources

2

1

1

10

10

Wells Fargo & Company Portfolio Exits

55 Portfolio Exits

Wells Fargo & Company has 55 portfolio exits. Their latest portfolio exit was Allspring Global Investments on November 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/1/2021

Divestiture

Allspring Global Investments

2

7/15/2021

Reverse Merger

$99M

2

7/12/2021

Acquired

2

7/1/2021

Reverse Merger

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$99M

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10

3/24/2021

Divestiture

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$99M

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10

Date

11/1/2021

7/15/2021

7/12/2021

7/1/2021

3/24/2021

Exit

Divestiture

Reverse Merger

Acquired

Reverse Merger

Divestiture

Companies

Allspring Global Investments

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

2

2

10

10

Wells Fargo & Company Acquisitions

22 Acquisitions

Wells Fargo & Company acquired 22 companies. Their latest acquisition was Akoya on February 21, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/21/2020

Other

$99M

Corporate Majority

1

5/29/2018

$99M

Asset Sale

1

7/17/2017

$99M

Acquired

1

8/8/2016

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$99M

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10

10/13/2015

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$99M

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10

Date

2/21/2020

5/29/2018

7/17/2017

8/8/2016

10/13/2015

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Asset Sale

Acquired

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Sources

1

1

1

10

10

Wells Fargo & Company Fund History

3 Fund Histories

Wells Fargo & Company has 3 funds, including NeighborhoodLIFT.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/4/2019

NeighborhoodLIFT

$442M

1

10/28/2014

Innovation Incubator (IN2)

$99M

10

Open for Business Fund

10

Closing Date

2/4/2019

10/28/2014

Fund

NeighborhoodLIFT

Innovation Incubator (IN2)

Open for Business Fund

Fund Type

Status

Amount

$442M

$99M

Sources

1

10

10

Wells Fargo & Company Partners & Customers

10 Partners and customers

Wells Fargo & Company has 10 strategic partners and customers. Wells Fargo & Company recently partnered with Black Knight Financial Services on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/8/2021

Vendor

Black Knight Financial Services

United States

1

9/16/2021

Vendor

Google

United States

Wells Fargo selects Microsot and Google as public Cloud providers

Wells Fargo has signed major Cloud deals with Microsoft Azure and Google Cloud as part of an overhaul of its digitial infrastructure .

1

9/15/2021

Partner

American Veterans Group

United States

American Veterans Group to support employment transition programs for veterans

The gift to Mt. Carmel Veterans Service Center was made possible by American Veterans Group 's investment banking relationship with Wells Fargo & Company .

1

9/15/2021

Vendor

Microsoft

United States

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10

9/1/2021

Vendor

nCino

United States

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10

Date

11/8/2021

9/16/2021

9/15/2021

9/15/2021

9/1/2021

Type

Vendor

Vendor

Partner

Vendor

Vendor

Business Partner

Black Knight Financial Services

Google

American Veterans Group

Microsoft

nCino

Country

United States

United States

United States

United States

United States

News Snippet

Wells Fargo selects Microsot and Google as public Cloud providers

Wells Fargo has signed major Cloud deals with Microsoft Azure and Google Cloud as part of an overhaul of its digitial infrastructure .

American Veterans Group to support employment transition programs for veterans

The gift to Mt. Carmel Veterans Service Center was made possible by American Veterans Group 's investment banking relationship with Wells Fargo & Company .

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Sources

1

1

1

10

10

Wells Fargo & Company Service Providers

2 Service Providers

Wells Fargo & Company has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Wells Fargo & Company Team

314 Team Members

Wells Fargo & Company has 314 team members, including current Chief Executive Officer, John Stumpf.

Name

Work History

Title

Status

John Stumpf

Chief Executive Officer

Current

Jim Foley

President

Current

Steve Lobis

Senior Vice President

Current

Jeff Whipple

President

Current

John R. Shrewsberry

Chief Financial Officer

Current

Name

John Stumpf

Jim Foley

Steve Lobis

Jeff Whipple

John R. Shrewsberry

Work History

Title

Chief Executive Officer

President

Senior Vice President

President

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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